Opinion: The elements for a big stock market drop are aligning. Here’s why investors shouldn’t panic
When is the next stock market crash taking place? It’s a question I get asked often since I wrote “A History of the United States in Five Crashes — Stock Market Meldowns That Defined a Nation.” Until now, I’ve always been able to counsel that stock market crashes are comfortingly rare events that occur only […]
Stocks making the biggest moves midday: Southwest Airlines, GameStop, Advanced Micro Devices and more
Check out the companies making headlines in midday trading: Southwest Airlines — The stock rose 7% after activist hedge fund Elliott Management amassed a $1.9 billion stake in Southwest Airlines. The firm seeks to replace Southwest CEO Bob Jordan and Chairman Gary Kelly. GameStop — The meme stock slipped nearly 12% in volatile trading after a roller-coaster week. GameStop added […]
Stocks making the biggest moves premarket: DraftKings, Carvana, Southwest Airlines, Planet Fitness and more
Check out the companies making headlines in premarket trading. KKR, CrowdStrike, GoDaddy — Shares of KKR climbed more than 8%, while CrowdStrike and GoDaddy added 6% and 3%, respectively. All three companies will join the S&P 500 on June 24, as part of the index’s quarterly rebalance. The three stocks leaving the index are Robert Half, Comerica and Illumina, S&P Dow Jones Indices announced […]
Buying a house of ‘Home Alone’ or John Lennon fame? There’s a premium for that
An array of iconic homes are for sale — and buyers will almost certainly pay extra for that pedigree. However, that premium is hard to quantify since some uber-wealthy buyers will pay almost anything to own a piece of pop culture, according to real estate experts. “It’s like owning a Picasso” or a Fabergé egg, said Tomer Fridman, a real […]
Chinese electric car company Nio to enter Middle East this year amid global expansion by peers
BEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said on an earnings call Thursday, at a time when rivals have been increasing their global footprint. The nearly 10-year-old company will also start shipping its lowest-cost brand, Firefly, in the first half of next year, Li said. […]
Stocks making the biggest moves premarket: GameStop, Lyft, Vail Resorts and more
Check out the companies making headlines before the stock market’s opening bell. GameStop — The meme stock declined 5% premarket, giving up a gain of nearly 30% earlier. GameStop posted a surprise earnings report, showing net sales of almost $882 million for the first quarter, down 29% from a year prior. GME also gave an update on […]
China’s Alibaba is courting European and U.S. small businesses as it goes global
BEIJING — Chinese e-commerce giant Alibaba is ramping up its global expansion with new services aimed at attracting small businesses in the U.S. and Europe. Alibaba.com — the company’s business-to-business platform which sells to companies outside China — announced Thursday it’s launching “Alibaba Guaranteed” to provide greater certainty on delivery, payments and dispute settlement. The platform is […]
Stocks making the biggest moves after hours: Vail Resorts, DocuSign, Samsara, Braze and more
Check out the companies making headlines in extended trading: Vail Resorts — The resort operator saw its stock fall more than 5% after posting fiscal third-quarter earnings of $9.54 per share on revenue of $1.28 billion. Those results missed analysts’ expectations of $9.97 in earnings per share on revenue of $1.3 billion, according to LSEG. DocuSign — […]
The low-end consumer ‘is really being stretched,’ says Five Below CEO
While inflation is showing signs of easing, consumers in the country may still be feeling its effects for quite some time, according to Joel Anderson, CEO of discount retailer Five Below. The executive sees underperformance particularly in the lower-income demographic. “The lower-end customer is really being stretched,” Anderson said on an earnings call with analysts Wednesday. “We’ve […]
Stocks making the biggest moves midday: Five Below, Salesforce, Lululemon, Instacart and more
Check out the companies making headlines in midday trading: Five Below — Shares of Five Below sank 10.6% after the discount retailer fell short of Wall Street’s first-quarter revenue estimates and offered disappointing guidance. For the current quarter, Five Below said it expects between $830 million and $850 million in revenue, while analysts polled by LSEG […]