Nike, Micron, Amylyx and others

Nike, Micron, Amylyx and others

Check out the companies making headlines before the bell: Nike (NKE) – Nike slumped 10% in the premarket after it reported a 44% increase in inventories for its latest quarter, and said it would offer more discounts heading into the holiday season. The athletic footwear and apparel maker reported better-than-expected profit and revenue for its … Read more

Inflation accelerated even more than expected in August

Inflation accelerated even more than expected in August

Inflation in August was stronger than expected despite the Federal Reserve’s efforts to bring down prices, according to data Friday that the central bank follows closely. The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July. That was faster than the 0.5% Dow Jones estimate … Read more

Asia stocks fall after Wall Street slump; China PMI beats estimates

Asia stocks fall after Wall Street slump; China PMI beats estimates

Japan movers: Softbank, Nintendo, Toyota fall Apple suppliers in Asia fall after analyst downgrade China reports better-than-expected factory activity for September China’s official manufacturing Purchasing Managers’ Index surprisingly grew in September to 50.1, much higher than the 49.6 predicted by analysts in a Reuters poll. The 50-point mark separates growth from contraction. PMI prints compare activity … Read more

Stock futures are up slightly following Thursday’s broad sell-off

Stock futures are up slightly following Thursday’s broad sell-off

Stock futures were up slightly Thursday evening following a sharp sell-off that brought the S&P 500 to a new 2022 low. Futures for the S&P 500 were up 0.26%. The Dow Jones Industrial Average futures were up 0.17%. Nasdaq 100 futures were up 0.14%. The 2022 sell-off resumed in full force during regular trading on … Read more

European markets rebounds after BoE steps in to calm markets

European markets rebounds after BoE steps in to calm markets

Stocks on the move: Rational up 12%, Barratt Developments down 9% Rational shares jumped more than 12% in early trade to lead the Stoxx 600 after the German combi steamer and oven manufacturer raised its sales revenue and profit forecast for 2022. At the bottom of the European blue chip index, British property developer Barratt … Read more

Asia markets rise, Hang Seng index up 2% after Wall Street rebound

Asia markets rise, Hang Seng index up 2% after Wall Street rebound

EV maker Leapmotor’s shares plunge in Hong Kong debut Chinese electric vehicle maker Leapmotor’s shares tumbled more than 32% from its offer price of 48 Hong Kong dollars ($6.29) per share on its first day of trade in the city. Onewo, a subsidiary of property developer China Vanke, also started trading in Hong Kong. It … Read more

Apple, Netflix, Biogen, Canopy Growth and more

Apple, Netflix, Biogen, Canopy Growth and more

A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Check out the companies making headlines in midday trading. Apple — Apple shares fell 3.4% on Wednesday following a report that the company is ditching plans to boost new iPhone production. Instead of aiming to increase output by 6 million units in the second half … Read more

Stock futures fall after S&P 500 hits new low for the year; 10-year Treasury yield briefly tops 4%

Stock futures fall after S&P 500 hits new low for the year; 10-year Treasury yield briefly tops 4%

CNBC Pro: Credit Suisse says now’s the time to buy two green hydrogen stocks — and gives one over 200% upside Credit Suisse says it’s time to enter the green hydrogen sector, with a number of catalysts set to drive the clean energy powerhouse. “Green hydrogen is a growth market — we increase our 2030 … Read more

Stocks fall, Chinese yuan crosses 7.2 against the dollar

Stocks fall, Chinese yuan crosses 7.2 against the dollar

CNBC Pro: Credit Suisse says now’s the time to buy two green hydrogen stocks — and gives one over 200% upside Credit Suisse says it’s time to enter the green hydrogen sector, with a number of catalysts set to drive the clean energy powerhouse. “Green hydrogen is a growth market — we increase our 2030 … Read more

Hertz, Ford, Keurig Dr Pepper and more

Hertz, Ford, Keurig Dr Pepper and more

Check out the companies making the biggest moves midday: Hertz — Shares of the rental car company jumped 1.9% after the company announced a partnership with BP’s electric vehicle charging unit that will put thousands of charging stations at Hertz locations. Many of the stations will be used to charge Hertz’s growing fleet of electric … Read more