President Donald Trump‘s meeting with Russian President Vladimir Putin is the main event in the week ahead. But for the stock market, what companies say about their earnings and whether Trump’s trade policies are affecting their future plans may have the most impact. Trump meets Putin on Monday in Helsinki, and the president says the
Stock Market
Check out which companies are making headlines before the bell: JPMorgan Chase – The bank earned $2.29 per share for the second quarter, beating forecasts by 7 cents a share. Revenue was also above forecasts, helped by what CEO Jamie Dimon called “open and active capital markets” that helped drive fee and markets revenue. Walt
Despite a sluggish cryptocurrency market, stock trading app Robinhood is adding two new digital currencies to its platform. The company will add Litecoin and Bitcoin Cash to its no-fee app, which already lets users trade bitcoin and ethereum. “Since we launched Robinhood Crypto in February, our customers have voiced interest in buying and selling other
Check out which companies are making headlines before the bell: Iqiyi, Baidu, Alibaba, JD.com – U.S.-listed China tech stocks are under pressure, following news that the U.S. is preparing additional tariffs against $200 billion in Chinese goods. 21st Century Fox – Fox raised its offer price to buy the part of British broadcaster Sky that
Check out which companies are making headlines before the bell: PepsiCo – The snack and beverage maker reported adjusted quarterly profit of $1.61 per share, beating estimates by 9 cents a share. Revenue also came in above forecasts. PepsiCo also reported overall organic revenue growth that beat Street forecasts, and reiterated its full-year guidance. EBay
Check out the companies making headlines before the bell: Starbucks — Outgoing Executive Chairman Howard Schultz said a recent slowdown in China sales is only temporary, and hinted at a possible collaboration with Alibaba founder Jack Ma. Schulz spoke at an event at the coffee chain’s Roastery store in Shanghai. Separately, Starbucks announced plans to
Mainland Chinese stocks have been the world’s worst performers and they could continue to be volatile as long as Beijing and Washington battle over trade. The Shanghai index, since peaking Jan. 24, is down 23 percent and the Shenzen is down 22 percent in that time. The U.S. S&P 500, since its Jan. 26 peak,
The Trump administration may keep upping the ante in a trade dispute with Chinafor now, but if it can manage to steer clear of a bigger battle over the global auto sector, it may avoid a more serious blow to the economy. This week, there were signs that European leaders may be willing to negotiate
Check out the companies making headlines before the bell: Northrop Grumman – Northrop is pursuing a Japanese jet fighter contract that may put it in competition with US rival Lockheed Martin, according to sources who spoke to Reuters. Northrop had lost a competition against Lockheed for an Air Force stealth fighter jet nearly three decades
Embraer – Embraer and Boeing have announced a new joint venture which will create a separate company focusing on commercial aviation. Boeing will own 80 percent of the new company, Embraer 20 percent, with the venture having a total value of $4.75 billion. Tesla – Tesla allegedly eliminated a standard brake test as it raced
By the Fourth of July, drivers usually see the highest gas prices of summer in the rear-view mirror. That may not be the case this year, even though the national average is down about 14 cents from the near $3 a gallon drivers paid in late May. Consumers are paying the highest Fourth of July
Check out the companies making headlines before the bell: Amazon.com – Amazon announced that its annual “Prime Day” would begin on July 16 and run for 36 hours, up from last year’s 30 hours. eBay – eBay said it would offer “thousands of exclusive deals” on July 17, in a press release that appears directly
Check out the companies making headlines before the bell: Dell Technologies Class V – The computer maker announced a buyout of the shares that track the performance of its cloud software unit, VMWare, which itself is a publicly traded company. The deal exchanges DVMT shares for either cash or shares of a new class of
Union Square Ventures has big plans to profit on a potential trillion-dollar business in blockchain and crypto in 10 years. But those plans won’t include starting a separate fund, according to a top executive. “We’re not planning to do it,” Albert Wenger, managing partner at Union Square Ventures told CNBC. “We see a lot of
U.S. stock investors aren’t the only ones suffering from anxiety over the Trump administration’s trade policies. China’s Shanghai composite is tracking for its worst year in seven after falling 8 percent in June, amid escalating trade tensions and Beijing’s efforts to reduce reliance on high debt levels. A relentless six-week selling streak has sent the
Check out the companies making headlines after the bell: Nike stock increased by more than 8 percent in extended-hours trading. The popular shoe and athletic wear company posted stronger than expected earnings in its fourth quarter report. Nike earned 69 cents per share compared with analyst expectations of 64 cents per share. The Beaverton, Oregon
As the first half of the year comes to an end, the stock market is looking especially wobbly. Stocks Wednesday staged an ugly reversal to the downside, building on warning signs that have been going off since late last week when selling centered in banks and the high-flying FANG names. The market has been reacting
Check out the companies making headlines after the bell: Shares of Pier 1 Imports plummeted more than 15 percent in extended-hours trading after the retailer reported weak sales. The popular home decor company saw same-store sales drop 8.2 percent, compared with analyst expectations of 7.7 percent. Pier 1 also missed on revenue, reporting $371.9 million
Apple co-founder and noted bitcoin bull Steve Wozniak says the hype around blockchain is similar to what he saw in the dotcom era, with companies going belly-up at a rapid rate. “It was a bubble, and I feel that way about blockchain,” Wozniak said Tuesday on stage at the NEX technology conference in New York.
Check out the companies making headlines after the bell: Shares of Sonic plummeted more than 8 percent in extended-hours trading. The popular drive-in restaurant chain, earned 52 cents per share in its third quarter, beating analyst estimates of 49 cents, but missed on estimated revenue. Sonic only earned $118.3 million compared to the $118.7 million
Check out the companies making headlines before the bell: BlackBerry – BlackBerry reported adjusted first-quarter profit of 3 cents per share, compared to analysts’ expectations of a breakeven quarter. The software and services company also saw revenue top estimates. Medtronic – The medical device maker announced a 9 percent increase in its quarterly dividend to
Check out the companies making headlines after the bell: Shares of Red Hat plummeted more than 11 percent in extended-hours trading, after the company reported better than expected first quarter earnings and revenue, but reported weak guidance. The software company earned 72 cents per share, beating analyst estimates of 69 cents per share. Red Hat
Check out the companies making headlines before the bell: Kroger – The supermarket operator beat forecasts by 10 cents a share, with adjusted quarterly profit of 73 cents per share. Revenue beat forecasts, as well. Same-supermarket sales excluding fuel rose 1.4 percent from the prior year. AT&T – AT&T unveiled a $15 per month video
Check out the companies making headlines after the bell: Shares of Barnes & Noble shot up nearly 8 percent in after-hours trading. The popular bookseller chain saw its sales and earnings rise significantly in its fourth quarter. HP shares gained nearly 3 percent in extended trading. The hardware technology manufacturer authorized an additional $4 billion
The U.S. trade dispute with China, in a roundabout way, could determine how successful the U.S. will be in sanctioning Iran’s oil this time around — and that uncertainty is also playing out at OPEC. In the tit-for-tat tariff war with the U.S., China said last week it would put tariffs on U.S. oil imports.
Check out the companies making headlines before the bell: Winnebago – The recreational vehicle maker earned $1.02 per share for its latest quarter, beating estimates by 11 cents, with revenue well above estimates as well. The company said new products are performing well and that it is also successfully managing its costs. General Electric –
Check out the companies making headlines after the bell: Walgreens Boots Alliance stock increased as much as 4.5 percent in extended hours trading, before giving up some of its gains. The pharmaceutical store chain is set to join the Dow Jones industrial average prior to trading on June 26, replacing long time Dow member General
Check out the companies making headlines before the bell: Verizon – The telecom giant’s stock was upgraded to “buy” from “hold” at Deutsche Bank, which said fundamentals are improving but the stock price hasn’t yet caught up. Deutsche Bank points to potential from 5G technology and an improving wireless business, among other factors. Tesla –
Check out the companies making headlines after the bell: Tellurian dropped more than 5 percent in extended hours training. The natural gas company announced on Monday a public offering of 12 million common stock. The company said in its prospectus that it “intends to use the net proceeds from this offering for general corporate purposes,
OPEC is expected to agree to open its spigots at what could be a contentious meeting, and the very process of adding more supply to the global oil market could create fresh volatility around oil prices. The Organization of Petroleum Exporting Countries meets this week in Vienna and holds a formal meeting Friday. OPEC members