U.S. Stocks Gain Over Past Month Stocks in the U.S. have closed higher for the fourth consecutive week. The Dow Jones Industrial Average gained 117.12 points or 0.33%. The S&P 500 added 0.06%, while the Nasdaq Composite decreased by 0.11%. Moving Stocks Throughout the Day The companies making headlines in midday trading include Nvidia, whose …
CEOs are increasingly using the word “choiceful” to describe consumer spending behavior and their company strategy. In 2023, the term “choiceful” has appeared in 15 quarterly earnings calls for S&P 500 companies, a significant increase from just two mentions in 2021, based on a CNBC analysis of FactSet transcripts. CEOs of major companies like Walmart …
Traders are optimistic about U.S. stocks maintaining a winning streak despite Moody’s cutting its U.S. credit outlook. Congress is working to prevent a government shutdown before the week ends. Walmart and Target will be reporting earnings this week. Here are the most important news items that investors need to start their trading day: The major …
A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City. Spencer Platt | Getty Images Rite Aid has filed for Chapter 11 bankruptcy protection in New Jersey, announcing plans to restructure and reduce its debt significantly. The company has reached a deal with creditors for a restructuring plan that includes …
Zaza Cristina Robles, a pregnancy coach from Peru, sought medical care upon arriving in the U.S. at 16 weeks pregnant. However, the high cost of medical bills frightened her and her husband. Luckily, they were connected with the Hispanic Health Council’s Comadrona program, which assists Latina immigrants and low-income pregnant women in navigating the complexities …
Target CEO Brian Cornell. Scott Mlyn | CNBC Target CEO Brian Cornell held a meeting with President Joe Biden on Thursday to discuss U.S. consumers and the economic landscape. Cornell was joined by other industry leaders including Brendan Bechtel, CEO of Bechtel Group; Calvin Butler, CEO of Exelon; Kenneth Chenault, chair and managing director of …
Levi’s 501 blue jeans were displayed by Levi Strauss, but the company’s full-year sales forecast was cut due to weaker shopping trends at U.S. department stores and big-box retailers. The company missed Wall Street’s revenue expectations for the quarter, leading to a slight drop in shares. CEO Chip Bergh attributed the decline in sales to …
Blue Apron, the meal kit business, has agreed to be sold to food and restaurant company Wonder Group for $103 million. This deal represents a premium from Blue Apron’s previous per-share price and comes after the company’s recent transition to a more asset-light business model. Blue Apron has faced strategic difficulties in recent years, despite …
Costco reported quarterly earnings that exceeded Wall Street’s expectations. Despite a decrease in sales of big-ticket items, the membership club saw an increase in shoppers purchasing groceries. This resulted in a rise in traffic to Costco’s stores, with a 5.2% increase worldwide and 5% in the U.S. However, the average transaction amount dropped by nearly …
