Kroger (KR) fell short of Wall Street’s second-quarter revenue expectations, citing a challenging environment for consumers as they face reduced federal benefits, inflation and higher interest rates. “The strength and diversity of Kroger’s business model is delivering consistent results in what remains a challenged environment,” Kroger CEO Rodney McMullen said in a statement. “By investing… Continue reading Kroger’s Q2 Sales Slide Amid Challenging Environment
Stock Market Today: Stocks Rise With Inflation Data on Deck
It was a choppy end to a down week for stocks as investors looked ahead to next week’s critical inflation update. Amid relatively bare economic and earnings calendars, today’s price action was driven by single-stock moves, with notable upside in a few mega-cap names helping the Nasdaq Composite avoid a fifth straight loss. At… Continue reading Stock Market Today: Stocks Rise With Inflation Data on Deck
HHS Calls For Cannabis Reclassification: This Week in Cannabis Investing
The end of August and transition into fall may not only signal a change in seasons, but it can also mark the beginning of change in the nation’s capital. Most people were probably at the beach soaking up the final days of summer sun when the Department of Health and Human Services (HHS) sent a… Continue reading HHS Calls For Cannabis Reclassification: This Week in Cannabis Investing
Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and the presidency. Here are the 3 messages, from Cooperman’s new memoir
Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and Henry Singleton. When Cooperman was mulling a presidential run, Buffett joked he could “deliver Nebraska” for him. Cooperman shared a trio of messages he received from Buffett in his newly published memoir. Loading Something is loading. Thanks for signing up! Access your… Continue reading Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and the presidency. Here are the 3 messages, from Cooperman’s new memoir
Country Garden just dodged a default but China’s property-debt distress continues
Leading Chinese developer Country Garden avoided a debt-default last week with an 11th-hour coupon payment. But this may have provided only a temporary relief for the Asian nation’s ailing property sector. The embattled industry faces a cocktail of headwinds that may continue to drag on China’s economy. Loading Something is loading. Thanks for signing up!… Continue reading Country Garden just dodged a default but China’s property-debt distress continues
Stock Market Today: Another Apple Stock Slump Drags on Nasdaq
Stocks opened lower Thursday after an unwelcome update on the labor market. Two of the three main benchmarks stayed in negative territory through the close as mega-cap tech titan Apple (AAPL) extended its recent slump. However, one name managed to muscle into positive territory, as chipmaker Intel (INTC) extended its longest win streak in years. … Continue reading Stock Market Today: Another Apple Stock Slump Drags on Nasdaq
Apple’s stock is the biggest short for investor Dan Niles amid worries about China’s iPhone ban
Apple’s stock is currently the single biggest short for hedge fund investor Dan Niles. “Sold $AAPL & now our largest single stock short,” the Satori Fund founder said in a Thursday post on X. Niles cited three reasons for his bearishness toward Apple, including China’s crackdown on iPhone usage. Loading Something is loading. Thanks for… Continue reading Apple’s stock is the biggest short for investor Dan Niles amid worries about China’s iPhone ban
These 10 stocks have the most exposure to China’s ‘stalling’ economy, BofA warns
China’s “stalling” economy is putting some US companies at risk, according to Bank of America.High rates of youth unemployment and recent property defaults have put pressure on the Chinese economy.The bank highlighted the top 10 stocks that have the most revenue exposure to China. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading These 10 stocks have the most exposure to China’s ‘stalling’ economy, BofA warns
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