The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least some of its grip on the U.S. economy.Prices accelerated a seasonally adjusted 0.2% for the month, in line with the Dow Jones estimate, the Bureau of Labor Statistics reported...
A shopper looking at Michael Kors handbags in the Macy's flagship store in New York.Scott Mlyn | CNBCCheck out the companies making headlines before the bell.Capri, Tapestry — Capri soared more than 57%, while Tapestry slid 3.2% in premarket trading. The moves come after luxury company Tapestry, which is...
A young man delivers foodM_a_y_a | E+ | Getty ImagesBritish meal delivery company Deliveroo upgraded its full-year earnings guidance on Thursday after a resilient first half in challenging market conditions that saw its total orders number fall 6%.The company said it expected to make adjusted earnings before interest, tax,...
Siemens missed profit forecasts in its latest quarter, the German engineering company reported on Thursday, noting weakening demand in several markets including China.The trains-to-factory-automation manufacturer said China, long a driver for global manufacturing and its third largest market, had seen only a tepid recovery after its zero-Covid shutdown last year.Siemens...
Viasat offices are shown at the company's headquarters in Carlsbad, California, March 9, 2022.Mike Blake | ReutersViasat reported a jump in quarterly revenue Wednesday, as the company continues to investigate its recent satellite malfunction and explores options to make up for some of the service it expected to add...
Jose Luis Pelaez Inc | Digitalvision | Getty ImagesAmericans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1 trillion for the first time ever, the New York Federal Reserve reported Tuesday.Total credit card indebtedness rose by $45 billion in...
Here are the most important news items that investors need to start their trading day:1. Earnings delightThe Dow Jones Industrial Average rose more than 400 points, or 1.16%, Monday to kick off the week. Meanwhile, the S&P 500 rose 0.9%, while the Nasdaq Composite, which was dragged down by Tesla, increased just 0.61%....
Warren Buffett, Berkshire Hathaway CEO and chairman.Cnbc | Nbcuniversal | Getty ImagesBerkshire Hathaway shares rallied to record highs Monday following a strong quarterly report that showed a rebound in insurance operations as well as a massive cash hoard that swelled to nearly $150 billion.Berkshire's Class A shares climbed 3.4% to...
Berkshire Hathaway shares just hit a record high on the back of strong second-quarter results, but Wall Street analysts believe it's still not too late to buy Warren Buffett's conglomerate. Investors cheered a strong quarterly repor t that showed a rebound in insurance operations as well as a massive cash...
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBCBerkshire Hathaway on Saturday reported a solid increase in second-quarter operating earnings, while the cash hoard at Warren Buffett's conglomerate swelled to nearly $150 billion.The Omaha-based giant's operating earnings — which...