Chuck Robbins, CEO of Cisco Ashlee Espinal | CNBC Check out the companies making headlines after the bell: Cisco fell nearly 8% in after-hours trading after announcing better-than-expected fourth-quarter earnings and weaker-than-expected guidance. The enterprise technology company reported adjusted fourth-quarter earnings per share of 83 cents on revenue of $13.43 billion. Analysts had expected adjusted
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A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California, Oct. 25, 2018. David Paul Morris | Bloomberg | Getty Images While Wall Street panics about falling rates, Main Street is benefiting, especially in the housing market, according to housing guru Ivy Zelman. She says
Check out the companies making headlines before the bell: Canada Goose – The outerwear maker posted a smaller-than-expected loss for its latest quarter, with revenue well above analysts’ forecasts. Canada Goose said its sales grew in all geographical regions, and it is maintaining its prior full-year forecast. Luckin Coffee – The coffee chain reported an
Julie Wainwright (C), CEO of The RealReal takes part in the company’s IPO at the Nasdaq MarketSite in New York, June 28, 2019. Lucas Jackson | Reuters Check out the companies making headlines after the bell: Shares of RealReal surged 12.7% in after-hours trading after announcing a smaller-than-expected second quarter loss as revenue surged. The
Boxes sealed with Prime Day tape move along a conveyor ahead of shipping from an Amazon.com Inc. fulfilment center during the online retailer’s Prime Day sales promotion day in Koblenz, Germany, on Monday, July 15, 2019. Krisztian Bocsi | Bloomberg | Getty Images Amazon’s Prime Day and promotions by other retailers appear to have given
Traders work on the floor of at the closing bell of the Dow Industrial Average at the New York Stock Exchange on October 31, 2018 in New York. Bryan R. Smith | AFP | Getty Images The gap between small-caps and large-caps’ performance is widening to historic lows, a trend seen in the past during
Investors are jumping into bonds like they’re a hot new commodity or even stock, but strategists warn the prices are getting rich as the yields shrink in the Treasury market. That apparently isn’t fazing some investors who are subscribing to the new view that bonds are investments that can only rise in value — like
Scott Olson | Getty Images As Wall Street economists up the odds for a recession in the coming year, the bond market is sending its own scary warning about an economic downturn. Various parts of the yield curve have been inverted, but the traditionally watched 2-year to 10-year spread looks set to invert any day
The logo of Amazon can be seen on the apps on a smartphone. Monika Skolimowska | Zentralbild/dpa | picture alliance | Getty Images Goldman Sachs has a new battle plan for the trade war: buy service-providing stocks and avoid goods-producing companies. The strategy involves buying companies such as Microsoft, Amazon, Google and J.P. Morgan Chase as the
One of Wall Street’s biggest bulls is bracing for more wild market swings. With the S&P 500 and Dow off 4% from their all-time highs, Wells Fargo Securities’ Christopher Harvey is worried fear over ultra-low U.S. rates and negative rates abroad could spark another deep sell-off. “If you have a loss of confidence with the
President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters The U.S.-China trade war is going to have a larger impact on growth than Goldman Sachs originally estimated. The firm lowered its fourth-quarter growth
Long-time market bull Edward Yardeni is downplaying recession jitters. The Yardeni Research president suggests investors who fear an economic downturn will miss out on a fresh run to record highs. “The outlook for the economy remains positive,” he told CNBC’s “Trading Nation ” on Friday. “That should keep the stock market moving higher.” Yardeni, who
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Uber CEO Dara Khosrowshahi has no regrets about taking
Traders work the floor of the Dow Jones at the closing bell of the New York Stock Exchange. Bryan R. Smith | AFP | Getty Images Check out the companies making headlines midday on Friday: Uber Technologies — Shares of the transportation and food ordering service company fell 7.8% after reporting a huge loss during
Chinese President Xi Jinping stands by national flags. Johannes Eisele | AFP | Getty Images The International Monetary Fund is urging the world’s two largest economies to resolve the escalating trade war quickly and fairly. In a new report published Friday by the executive board at the IMF, directors recommended a “comprehensive” agreement on trade
After a whipsawing week, stocks could continue to trade with volatile swings as investors assess new information on trade and the strength of the economy. There are just a few earnings in the week ahead with Walmart, Cisco Systems, Nvidia and Deere reporting as the second quarter earnings season winds down. There are, however, some pretty
Crown Prince of Saudi Arabia Mohammad bin Salman speaks in Riyadh. Bandar Algalour | Saudi Kingdom Council | Anadolu Agency | Getty Images The success of Saudi Aramco’s debt offering has given Saudi officials confidence that they can bring their IPO to market sometime in 2020, sources familiar with their thinking said. Saudi Aramco’s board
A man checks his smartphone while standing among illuminated screens bearing the Uber logo. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Uber plummeted 12% before settling 4% below its closing price in after-hours trading following the transportation and food ordering service company’s disappointing second-quarter
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 21, 2017. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines midday Thursday: AMD — Advanced Micro Devices soared more than 15% on Thursday after the semiconductor company released a new generation
In this photo illustration a Robinhood Markets logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Robinhood is set to bring its popular zero-fee stock trading app to Britain. The company announced Thursday that its international subsidiary had been granted broker authorization from the Financial Conduct Authority, the