Check out the companies making headlines in midday trading: Disney — The media stock popped 7% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. The company said it expects high-single-digit adjusted earnings growth in fiscal 2025. Capri , Tapestry — Both luxury apparel stocks rose...
Scene from the FX series Shogun.Source: Disney | FXDisney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now.The company's chief financial officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that the "cost is probably...
Baupost's Seth Klarman took a sizable stake in discount store Dollar General last quarter, while exiting Michael Kors-owner Capri before its megadeal to merge with Tapestry was blocked by regulators. The notable hedge fund investor built a $195 million stake in Dollar General, making it his eighth biggest holding...
A customer shops in the ready to eat meals aisle of a grocery store on October 17, 2024 in Miami, Florida. Joe Raedle | Getty ImagesWholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December,...
Check out the companies making headlines before the bell. Disney – Shares popped more than 9% after the company's fiscal fourth-quarter results beat analysts' estimates . For the period, Disney earned $1.14 per share, after adjustments, on revenue of $22.57 billion. That's above earnings of $1.10 per share on...
Vilnius, Lithuania, November 14th, 2024, FinanceWireTo mark the launch, WhiteBIT is rolling out a limited-time promotion until the end of 2024, offering additional bonuses for new affiliates.WhiteBIT, one of the largest cryptocurrency exchanges in Europe, has announced the launch of its Affiliate Program. Aimed at expanding the platform’s reach...
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesDisney will report its fiscal fourth-quarter earnings before the bell...
Cisco CEO Chuck Robbins speaks at The Wall Street Journal's Future of Everything Festival in New York on May 21, 2024.Dia Dipasupil | Getty ImagesCisco reported a fourth straight quarter of declining revenue even as results topped analysts' estimates. The stock slipped 1% in extended trading.Here's how the company...
Check out the companies making...
Scene from the FX series...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
US equity-index futures dropped after Microsoft Corp. and Google’s parent Alphabet Inc. delivered a mixed picture of big tech earnings. Contracts on the Nasdaq 100 sank 0.6% and those on the S&P 500 were down 0.4%. Alphabet fell more than 7% in premarket trading after its cloud unit reported a...
The war between Israel and Hamas is adding more tension in a world already riled with unrest, according to the head of the International Monetary Fund. “What we see is more jitters in what has already been an anxious world,” IMF Managing Director Kristalina Georgieva said at the Future Investment...
Top US banking regulators have updated decades-old rules that are meant to tackle redlining and boost lending to lower-income areas. Under Tuesday’s plan, the landmark 1977 Community Reinvestment Act will for the first time cover online and mobile banking services. That means the grades that regulators give firms for lending...
Beijing has pumped a record amount of short-term cash into its financial system to shore up lending in recent days, only to elicit a refrain familiar to China watchers this year — not enough, more required. Signals in the money market show traders expect borrowing costs to remain elevated for the...
Hui Ka Yan has already lost his freedom. Now, China Evergrande Group’s founder is no longer a billionaire. Hui’s net worth has fallen to $979 million, according to the Bloomberg Billionaires Index, with shares of his debt-laden real estate firm trading at just HK$0.24 (3 cents) each. Shares of China Evergrande...
In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California. Justin Sullivan | Getty ImagesHeineken beer sales fell in the third quarter as the Dutch brewer completed the long-awaited exit of its Russia operations and consumers were put off by higher prices.Volumes...
Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023.Kevin Dietsch | Getty Images News | Getty ImagesThe head of the International Monetary Fund on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon of...
