Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. American Express — Shares of the payment firm dipped 1.1% despite American Express topping earnings expectations for the first quarter. American Express reported a profit of $2.73 per share, versus the Refinitiv consensus estimate of …
Damian Lillard #0 of the Portland Trail Blazers speaks to fans during fan appreciation night before the game against the Utah Jazz at Moda Center on April 10, 2022 in Portland, Oregon. Abbie Parr | Getty Images Portland Trail Blazers star Damian Lillard said he wants to stay with the franchise that drafted him in 2012 and would use this …
Jones Soda’s cannabis offshoot, Mary Jones Source: Jones Soda Meet Mary Jones, the new brand from Jones Soda that will feature cannabis-infused sodas, gummies and syrups. It’s a bold step for the publicly traded company, which is best known for its craft soda, but its relatively small size means it may feel it can take risks that larger rivals Coca-Cola …
Traders working on the floor of the NYSE, Feb. 16, 2022. Source: NYSE The stock market faces another turbulent week, as investors watch the situation in Ukraine and continue to adjust portfolios ahead of the Federal Reserve’s interest rate hikes. Stocks were rocked in both directions in the past week, with the Dow Jones Industrial Average seeing its worst day …
Anna Elias | Moment | Getty Images Premixed cocktails were the fastest-growing spirits category in 2021, stealing share from beer and hard seltzer. Sales of premixed cocktails surged 42.3% to $1.6 billion compared with a year earlier, according to the Distilled Spirits Council of the U.S. Ready-to-drink cocktails were second only to vodka in terms of volume consumption, beating American …
Electric vehicles have been in focus amid the green transition. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images After an boom in electric vehicle stocks over the last few years, Bernstein says attention could be about to shift to the batteries that power EVs — and their environmental impact. Here, the bank names some under-the-radar stocks it says are …
Shaquille O’Neal Rich Fury | Getty Images Entertainment | Getty Images Shaquille O’Neal once signed the richest contract in sports history and then went on to win four NBA titles. These days Shaq has a new business he’s trying to conquer: chicken sandwiches. O’Neal, who was inducted into the NBA Hall of Fame in 2016, is the co-owner of a …
25-year-old Embark CEO and co-founder Alex Rodrigues The congestion at U.S. ports, the trucker shortage, and the rise of e-commerce have created a unique opportunity for autonomous trucking, according to Alex Rodrigues, CEO of Embark Trucks, which has completed its SPAC merger and will begin trading Thursday on the Nasdaq under ticker EMBK. “What we’ve heard from investors is people …
Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters Check out the companies making headlines in midday trading. Ford Motor — Shares of the automaker soared more than 9% after a stellar earnings report. Ford Motor, which reported earnings Wednesday, nearly doubled Wall Street’s …
Traders on the floor of the New York Stock Exchange (NYSE) in New York, on Wednesday, Aug. 11, 2021. Michael Nagle | Bloomberg | Getty Images An earnings avalanche is coming in the week ahead that could put the stock market’s recent gains to the test. Apple, Microsoft, Alphabet, Facebook and Amazon — the biggest of big cap tech — …
