Coinbase, Roblox, Wendy’s and more

Coinbase, Roblox, Wendy’s and more

Find out which companies are making headlines in the midday business. Coinbase saw a 27% drop in revenue in the first quarter as usage of the platform plummeted. Chesnot | Getty Images Coinbase – Shares of the crypto services operator jumped about 6% despite the company reporting a bigger-than-expected loss on Tuesday night and declining … Read more

Wendy’s, Coinbase, Buzzfeed and more

Wendy’s, Coinbase, Buzzfeed and more

Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading after a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. U.S. same-store sales rose 2.3%, less than analysts had estimated, as consumers spent more cautiously. Coinbase (COIN) … Read more

Stock futures flat as investors brace for July inflation report

Stock futures flat as investors brace for July inflation report

Stock futures were little changed early Wednesday as investors eagerly awaited a key inflation report due out on Wednesday. Dow Jones Industrial Average futures were flat. S&P 500 and Nasdaq 100 futures were slightly lower. The moves come after the S&P 500 and Nasdaq fell for a third straight day on Tuesday. The Nasdaq Composite … Read more

Stocks make the biggest moves after the hour: Coinbase, Roblox and more

Stocks make the biggest moves after the hour: Coinbase, Roblox and more

In this photo illustration the Coinbase logo seen displayed on a smartphone screen. Raphael Henrique | SOPA Images | Light flare | Getty Images Find out which companies are making headlines after hours trading. Coinbase – Coinbase fell more than 3.5% in after-hours trading after reporting its quarterly results. The company missed analysts’ expectations for … Read more

Novavax, GoodRx, Allbirds and more

Novavax, GoodRx, Allbirds and more

Take a look at some of the biggest pre-market movers: Novavax (NVAX) – The drugmaker’s stock fell 32.3% in premarket after posting an unexpected quarterly loss and halving its full-year revenue forecast. Novavax said it did not expect further U.S. sales of its Covid-19 vaccine this year amid weak demand and a glut of supply. … Read more

Attention turns to US inflation and Fed outlook

Attention turns to US inflation and Fed outlook

LONDON — European markets were slightly lower on Tuesday as attention in global markets turns to a key print of US inflation expected on Wednesday. The pan-European Stoxx 600 slid 0.3% by mid-morning, with travel and leisure stocks shedding 1.2% to lead the losses while insurance stocks gained 0.5%. Investors are trying to gauge the … Read more

Stock futures rise slightly as Wall Street awaits inflation data

Stock futures rise slightly as Wall Street awaits inflation data

Traders on the floor of the NYSE, August 1, 2022. Source: NYSE U.S. stock futures edged higher on Tuesday morning after Wall Street weighed the outlook for chip stocks, and anticipated more earnings results and inflation data that will determine the pace of future rate hikes of interest. Dow Jones Industrial Average futures added 62 … Read more

Wage inflation, used car prices could soar: Jim Bianco

Wage inflation, used car prices could soar: Jim Bianco

Washington’s efforts to rein in inflation will particularly fail this year, according to market forecaster Jim Bianco. And, he thinks this week’s key inflation data will help prove it. “I don’t see anything that could reduce the rate of inflation. There are some things that could reduce prescription drug prices and maybe a few other … Read more

Jim Cramer Says These 7 Covid-Era Winning Stocks Have Power

Jim Cramer Says These 7 Covid-Era Winning Stocks Have Power

On Monday, CNBC’s Jim Cramer offered investors a list of stocks that made huge gains during the height of the Covid pandemic and continue to perform well. “Wall Street has written off all the Covid winners, but a handful of these companies have turned out to be true powerhouse giants. And I think it’s absolutely … Read more

The FAO Food Price Index fell sharply in July, but the respite may not last

The FAO Food Price Index fell sharply in July, but the respite may not last

Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar and corn futures have fallen from their March highs to prices seen in early 2022. Olga Maltseva | AFP | Getty Images According to the latest figures from the Food and Agriculture Organization of the United Nations, food prices fell significantly in July … Read more