CNBC’s Jim Cramer pounded the table on one of his favorite semiconductor companies after shares dipped on news of a leadership change at one of its top rivals, Intel. Shares of Advanced Micro Devices dropped almost 4% after Intel announced that it will replace its chief executive in a month. Intel stock rallied 7% as
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Pet ownership rates rose during the coronavirus pandemic, creating a strong growth driver for the animal industry overall, Zoetis CEO Kristin Peck told CNBC’s Jim Cramer on Wednesday. As Americans began spending more time at home last year, pet adoptions rose 15% year over year accompanied by additional spending on food and supplies, she said.
Victor J. Blue | Bloomberg | Getty Images Crocs shares soared Monday after the retailer raised its outlook for the fourth quarter, and said it expects sales in 2021 to accelerate as much as 25%, building on the brand’s momentum during the holidays. The retailer’s stock was up nearly 11% in premarket trading. The shoe
A shopper wearing a face mask due to the coronavirus disease (COVID-19) pandemic browses toys at a Target store in King of Prussia, Pennsylvania, November 20, 2020. Mark Makela | Reuters Target said Wednesday comparable sales rose 17.2% in November and December, as customers bought matching pajamas and gingerbread house kits to celebrate a cozy
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon said Monday it’s now expecting earnings and sales for the fourth quarter to come in at the high end of its prior outlook, thanks to strong performance during the holidays. Ahead of virtual
A credit card pictured on a computer keyboard. Peter Dazeley | The Image Bank | Getty Images LONDON — “Every company will be a fintech company,” Angela Strange, a general partner at famed Silicon Valley investor Andreessen Horowitz, declared early last year. Her comments reverberated through the fast-growing financial technology industry, and came as tech
Take a look at some of the biggest movers in the premarket: Urban Outfitters (URBN) – Urban Outfitters shares are under pressure after the apparel retailer said comparable holiday season sales fell 9%, and also announced the departure of Trish Donnelly as CEO of the Urban Outfitters Group unit. Sheila Harrington, CEO of the company’s
An exterior view of Party City store, who are closing their doors on July 08, 2020 in Pembroke Pines, Florida. Johnny Louis | Getty Images Check out the companies making headlines in midday trading. Intel — Shares of the chipmaker popped more than 8% after CNBC’s David Faber reported that CEO Bob Swan would step
Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell Wednesday: Nordstrom — The retailer’s stock fell more than 3% after the retailer said its holiday period sales dropped
U.S. stock index futures were modestly higher in overnight trading on Tuesday, after a session that saw stocks alternate between gains and losses. Futures contracts tied to the Dow Jones Industrial Average advanced 28 points, indicating a 43-point advance at the open. S&P 500 futures and Nasdaq 100 futures advanced 0.1%. Stocks closed little changed
Oppenheimer Asset Management’s John Stoltzfus is questioning the force of the historic market rally. Stoltzfus, who is the firm’s chief investment strategist, warned clients in a research note this week that “These benchmark moves had even long-term bulls like us wondering if the stock markets are climbing the proverbial ‘wall of worry’ too fast for
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures rose on Wednesday night as traders kept an eye on interest rates and lingering turmoil in Washington. Dow Jones Industrial Average futures traded 41 points higher, or 0.1%. S&P 500 futures also gained 0.1%, and Nasdaq 100 futures advanced marginally.
After a massive rally, the value of the cryptocurrency market tanked on Monday by over $200 billion. Bitcoin, the largest cryptocurrency, fell more than 12% in a day, and ether, the second largest, fell 23%. And crypto bears are not surprised. Even as the price of bitcoin hit a record high of over $41,000 on
Usually, it’s older travelers who go south for the winter months. But in the age of the pandemic, more younger travelers are riding out the cold weather in locations that are warmer and trendier than home. A new type of ‘snowbird’ “Snowbirds” is the term used to describe seasonal travelers who migrate to warmer climates
After bitcoin hit a record high of over $41,000 on Friday, it faced a sell-off on Monday – in turn, the value of the entire cryptocurrency market declined by as much as $200 billion. Those cautious about bitcoin warn that bitcoin is a market bubble and are concerned that the cryptocurrency’s recent rally is reminiscent of retail investor
2020 was a record year for stocks, as markets rallied against the escalating coronavirus pandemic. 2021, too, has kicked off to a promising start amid a change in the U.S. administration, vaccine rollouts and still rising cases. That has been a boon for retail investors looking to turn a profit, and the trading platforms they
Dwayne “The Rock” Johnson is one of the most successful entertainers in the world. In 2020, for the second year in a row, Johnson, 48, was the highest-paid actor in the world, according to Forbes. (In 2019, he earned $89.4 million, and $87.5 million last year.) He has also become a savvy businessman as the co-founder of Seven Bucks Productions,
DoubleLine Capital CEO Jeffrey Gundlach on Monday warned that bitcoin could be getting overheated after its massive run in recent months. “I don’t like bitcoin here. I don’t like things that are up on a stilt like that,” the so-called Bond King said on CNBC’s “Halftime Report.” “Bitcoin, to me, is now sort of in
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Earnings season is upon us, but traders will be far less interested in fourth quarter results than in first quarter and second quarter guidance. The problem is it’s not clear that CEOs will cooperate. Banks
The first AR1 rocket engine Aerojet Rocketdyne Aerojet Rocketdyne finished building the first in its next-generation AR1 engine series, despite lacking both a customer and plans to test fire it for about two years. The AR1 rocket engine is located at the company’s facility at NASA’s Stennis Space Center in Mississippi – and its completion