Stock futures hover near record highs ahead of Fed Chair Powell’s final Jackson Hole speech, with investors betting on a September rate cut. Retail earnings from Walmart (WMT), Target (TGT), and Lowe’s (LOW) are in focus, while Novo Nordisk (NVO) surges on expanded drug approval. Soho House (MCG) also announces a $2.7B go-private deal.
Takeaways:
Powel ... Show More
Aug 21
Powell watch, Walmart miss, Palantir tanks ahead of Nvidia
US stocks slide as the Federal Reserve kicks off its Jackson Hole Symposium, with investors awaiting Chair Jerome Powell’s speech on interest rates. Walmart (WMT) posts its first earnings miss in three years, citing one-time costs, but raises full-year guidance. Tech stocks retre ... Show More
25m 24s
Aug 20
Tech stocks stumble, Target shake-up, Intel stake talks
US markets were steady after Tuesday’s tech sell-off that saw Palantir (PLTR) drop 10%, Nvidia (NVDA) and AMD (AMD) tumble, and Broadcom (AVGO) slip. Investors brace for Nvidia earnings next week, with questions over China exposure. Target (TGT) names COO Michael Fiddelke as new ... Show More
23m 1s
Aug 19
Stocks stall near highs, Home Depot beats trend, SoftBank backs Intel
US markets pause near record levels as investors await Fed Chair Powell’s Jackson Hole speech, with traders betting on a September rate cut. Home Depot (HD) rises after July trends improve, offsetting an earnings miss. SoftBank invests $2B in Intel (INTC), while Nvidia (NVDA) dev ... Show More
24m 2s
Apr 2024
Markets and the Israel-Iran Conflict, Netflix Slumps, New Woes for Tesla 4/19/24
Carl Quintanilla and Jim Cramer discussed what to make of the markets trying to shrug off Israel's early Friday retaliatory strike against Iran -- with the S&P 500 and Nasdaq in the midst of five-session losing streaks. The anchors also reacted to Netflix shares down sharply, as ... Show More
42m 36s