Traders work on the floor of the New York Stock Exchange during afternoon trading on July 18, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything …
Levi Strauss, a prominent apparel retailer, delivered disappointing news on Thursday as it significantly reduced its profit forecast for the year due to a sharp decline in wholesale revenues and weak sales in the U.S., its largest market. Despite this setback, the company experienced positive performance in its direct-to-consumer sales and the Chinese market. Consequently, …
The 2023 Apple Worldwide Developers Conference logo is displayed on a smartphone screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading Friday. Apple — Shares of the tech giant gained over 1%, pushing the company’s market capitalization above $3 trillion, a significant milestone first achieved in January …
A shopper exits a Nike store in Chicago’s bustling Magnificent Mile shopping district, proudly carrying a purchase. (Image credit: Scott Olson | Getty Images) Discover the most significant movers in premarket trading. Nike — Shares of the renowned sports apparel giant fell by nearly 3% after reporting an uncharacteristic earnings miss, breaking a streak of …
For leaders in the corporate world, sleep is often an elusive and unattainable luxury. Success, particularly early success, frequently requires sacrificing sleep and pulling all-nighters. However, prominent leaders in the market understand that relying on sleep deprivation as a long-term strategy for productivity is not wise. Elon Musk, in a recent CNBC interview with David …
Lordstown Motors Corp Chief Executive Steve Burns poses with a prototype of the electric vehicle start-up’s Endurance pickup truck, which it will begin building in the second half of 2021, at the company’s plant in Lordstown, Ohio, U.S. June 25, 2020. Lordstown Motors | Reuters Discover the latest developments in today’s midday trading Lordstown Motors …
Presented below are the most significant news items that investors should consider at the beginning of their trading day: 1. Potential Slide in Summer? On Monday, stock futures showed a decline as the final week of June trading commenced. Last week, stocks experienced a slump to kick off the summer season. All major U.S. indexes …
During Game Five of the Western Conference playoffs at FedExForum in Memphis, Tennessee, on April 26, 2023, Ja Morant of the Memphis Grizzlies confidently brings the ball upcourt against the Los Angeles Lakers. Image Credit: Justin Ford | Getty Images In a significant decision, the National Basketball Association (NBA) has handed a 25-game suspension to …