The US government could hit its debt ceiling in a week. Nvidia’s earnings and outlook blew Wall Street. Problems spoil Ron DeSantis’ 2024 announcement on Twitter Spaces. A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on May 24, 2023. Brendan McDermid | Reuters Here are the … Read more
US Treasuries rose on Thursday as investors pondered what could be next for the economy as debt ceiling negotiations continue and uncertainty over the interest rate outlook intensifies. As of 5:42 a.m. ET, the 10-year Treasury yield was up more than 4 basis points to 3.763%. The 2-year Treasury note was trading up 7 basis … Read more
CNBC’s Jim Cramer said on Wednesday that fumbling about Washington’s debt ceiling would likely cost investors dearly. Market watchers are also weighing news of the emergence of a new variant of Covid-19 in China, Cramer said. After a sour day in Washington and Wall Street, CNBC’s Jim Cramer warned investors that lawmakers will inevitably cost … Read more
After data cloud company Snowflake’s earnings report showed declining revenue but poor guidance, CEO Frank Slootman told CNBC’s Jim Cramer that he remains optimistic about the future. Snowflake on Wednesday reported revenue of $624 million, up 48% year-over-year, comfortably beating the consensus estimate. After an earnings report that saw a beat on revenue but poor … Read more
There are 3 minutes Bank of Korea set to start cutting rates early next year, Deutsche Bank says The Bank of Korea is expected to start cutting its benchmark interest rate early next year, said Juliana Lee, head of APAC economic research at Deutsche Bank. Lee added that she expects the central bank’s policy fulcrum … Read more
It’s that time again! “Mad Money” host Jim Cramer rings the lightning round bell, which means he gives his answers to common caller questions at a rapid pace. See the table… Performance of RB Global shares since the beginning of the year. RB Global: “We love Ritchie Bros, we love the merger, we love the … Read more
Nvidia provided a revenue forecast for the July quarter well above expectations, citing growing demand for its chips that enable artificial intelligence applications. Its shares soared in after-hours trading. The semiconductor company reported adjusted earnings per share for the April quarter of $1.09, versus the Wall Street consensus estimate of 92 cents, according to FactSet. … Read more
Semiconductor maker Analog Devices posted a quarterly sales record on Tuesday. The stock fell anyway. Management’s comments on the auto business did. Sales in this end market are expected to fall in the current quarter. The revelation sent shares of a host of other auto-related stocks around the world plummeting. “We delivered another very strong … Read more
There are 3 minutes Stocks make the biggest moves after hours Find out which businesses are making headlines after hours. Nvidia – Nvidia shares jumped 19% in extended trading. The chipmaker gave a stronger-than-expected revenue guidance for the fiscal second quarter, while also reporting beats on top and bottom results in its fiscal first quarter. … Read more
After two volatile months, regional bank stocks are finally enjoying some respite even as deposit flows remain under pressure. Deposits at U.S. banks totaled $17.1 trillion for the week ending May 10, marking a $57 billion drop from levels the previous week, according to recent data released by the Federal Reserve. This means that the … Read more
