Money

Kohl’s Cuts Costs to Address a Challenging Consumer Environment

Key Takeaways Kohl’s beat profit estimates for the second quarter, despite lower sales, as the discount department store operator cut…

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Here’s Why a Handful of Pharmaceutical Stocks Rose Wednesday

Key Takeaways Several pharmaceutical stocks moved higher Wednesday, bucking downward pressure on the broader markets. An array of clinical trial…

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Crowdstrike Posts Revenue Surprise and Scales Back Its Outlook

Key Takeaways CrowdStrike saw revenue jump 32% year-over-year, beating analysts’ expectations. The results are the company’s first since a botched…

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Nvidia’s Earnings Top Expectations, But Growth Slows, Weighing on Its Stock

Key Takeaways Nvidia reported second-quarter earning and revenue that beat analysts’ estimates, though the pace of its growth slowed. Shares fell…

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Supermicro Stock Plunges on Annual Report Delay

Key Takeaways The S&P 500 slipped 0.6% on Wednesday, Aug. 28. 2024, as tech stocks stumbled ahead of the afternoon’s…

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Salesforce Stock Jumps on Second-Quarter Earnings Surprise

Key Takeaways Salesforce’s second-quarter results topped the analyst consensus on both net income and revenue. The cloud software company maintained…

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Lululemon Stock Slipped Ahead of Earnings. Analysts Say an Outlook Cut Is Likely

Key Takeaways Lululemon shares have lost nearly half their value since the start of the year. Analysts say the athletic…

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AI, Energy Stocks Gain Favor as Active Trader Confidence Jumps to 2-Year High

Key Takeaways The majority of active traders think now is a good time to invest (59%) and that they’re financially…

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Supreme Court Denies Federal Government’s Attempt to Restore Student Loan Relief Plan

KEY TAKEAWAYS The Supreme Court denied the President Joe Biden Administration’s appeal to lift the block on their Saving for…

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NFT Marketplace OpenSea Gets Wells Notice, May Face SEC Action

Key Takeaways NFT marketplace OpenSea received a Wells Notice from the SEC, says the company’s CEO. The SEC alleges that…

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