Holiday-Shortened Trading Rocked by Volatility
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Market Insider
FDX, NKE, CEG and more
Check out the companies making headlines in midday trading. FedEx – The delivery giant plunged more than 13% after reporting a steep quarterly earnings drop. The company also lowered its full-year revenue forecast. CEO Raj Subramaniam said industrial demand was softer than expected, while FedEx's customers continued to shift...
Financial Advisors
$400 to change a lightbulb? Appliance repair costs are no joke
Author Stephanie Dhue's difficult-to-repair microwave.Courtesy Stephanie DhueI bought a General Electric microwave oven in 2020 for $355. Recently, I noticed the interior light was out.I told my husband, since he's the one who takes care of repairs in our house. He took a look, only to learn that this...
Fintech
Catizen’s $CATI Token Lists on Multiple Exchanges
Singapore, Singapore, September 20th, 2024, ChainwireMantle’s flagship game, Catizen, officially launched its token, $CATI, on multiple exchanges today, including Binance, OKX, Bybit, Gate.io, and Bitget. As the most profitable mini-game on Telegram, Catizen seamlessly integrates Telegram with The Open Network / TON (L1) and Mantle Network (L2). $CATI, as...
Market Insider
Stocks making the biggest moves premarket: FDX, CHWY, DJT
Check out the companies making headlines before the bell. Nike — Shares rose 6% after the athletic apparel company announced CEO John Donahue would be retiring from the position . Company veteran Elliott Hill will be coming out of retirement to take the position. FedEx — Shares of the...
Earnings
FedEx quarterly profit disappoints as demand for speedy delivery wanes
Miami Beach, Florida, FedEx Express delivery van parked, driver unloading box dolly. Jeff Greenberg | Universal Images Group | Getty ImagesFedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options.Shares...
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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.
08Sep
08Sep
Stellantis offers pay increase to UAW, days before possible strike
Demonstrators during a United Auto Workers (UAW) practice picket outside the Stellantis Mack Assembly Plant in Detroit, Michigan, US, on Wednesday, Aug. 23, 2023.Jeff Kowalsky | Bloomberg | Getty ImagesStellantis on Friday offered significant four-year wage increases to its hourly workers represented by the United Auto Workers, as it...
08Sep
Apartment rents on verge of declining due to massive supply
Apartment rents have been cooling off sharply for several months, and they look like they're about to go negative compared with a year ago.Rents in August were just 0.28% higher than August 2022, according to real estate tech platform RealPage. Compare that to a year ago, when rents were...
08Sep
Stocks making the biggest moves midday: Kroger, DocuSign, First Solar
Traders work as screens display the trading information for Kroger Co. and Albertsons Companies Inc. on the floor of the New York Stock Exchange, Oct. 14, 2022.Brendan McDermid | ReutersCheck out the companies making headlines in midday trading.Hudson Pacific Properties — The California-based commercial real estate company slid 4.2%...
08Sep
What size down payment you need to buy a home
Jasondoiy | Istock | Getty ImagesComing up with a large chunk of cash for a down payment is likely the first thing that comes to mind when people think of buying a house one day. But you probably don't need as much money as you think.The idea of the...
08Sep
Taylor Swift is single-handedly giving a boost to hotel industry revenue
Taylor Swift performs in Cincinnati, Ohio, June 30, 2023, during her Eras tour.Taylor Hill/tas23 | Getty Images Entertainment | Getty ImagesTaylor Swift is providing a gold rush for the hotel industry.The "Cruel Summer" singer's attention-grabbing "Eras" tour has pushed up revenue for hotels in cities across the U.S., according...
08Sep
FAA orders SpaceX to keep Starship grounded, take corrective action
The Federal Aviation Administration said Wednesday that SpaceX is not yet clear for another test flight of its Starship Super Heavy launch vehicle.The Washington Post | The Washington Post | Getty ImagesThe Federal Aviation Administration on Friday said Elon Musk's SpaceX must keep its Starship Super Heavy rocket grounded,...