The Dow Jones will eclipse 100,000 on a 'turbo booster' combo of earnings growth and Fed rate cuts, Wall Street CIO says
"Stock prices love strong earnings and lower interest rates," Main Street Research CIO James Demmert said.
Earnings
Wagyu beef, $1,200 swing sets, and fake trees are helping drive up Costco sales
"We see big and bulky going very well," Costco CEO Ron Vachris said during its third quarter earnings call.
Salesforce plunges 21% after it reports its first revenue miss since 2006
"We would be buyers on weakness this morning as seeing the forest through the trees this is a turnaround in motion for a premier tech stalwart."
The stock market rally is running on fumes as earnings growth can't keep up with sky-high prices, top economist says
"This is a huge bubble, exceeded only in the 1999-2000 tech mania," top economist David Rosenberg said.
'AI revolution just getting started': Here's what Wall Street is saying about Nvidia's 1st-quarter earnings blowout
"Demand continues to exceed supply and this situation could persist at least through most of CY25E," Bank of America said.
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Buying a piece of Nvidia is about to get a whole lot cheaper
Nvidia announced a 10-for-1 stock split with the goal of making its $1,000 shares more accessible to employees and investors.
Nvidia stock jumps after big earnings beat, 10-for-1 stock split announcement
Nvidia announced a 10-for-1 stock split and increased its quarterly dividend by 150% from $0.04 to $0.10 per share.
Bank of America details the best hedge for a big stock-market move on Nvidia earnings
Current options pricing implies Nvidia will jump or fall 8.5% after its earnings results, which is markedly lower than prior Nvidia earnings releases.
Emirates, the powerhouse Middle Eastern airline, is giving staff a bonus of 20 weeks' pay after a blockbuster year
The Dubai-based airline posted record profits of $4.7 billion, and is set to reward staff in this month's payroll.
The $5 McDonald's meal is making a grand comeback in June — but only for a month
The value deal will be offered in late June for a month. A meal of the same four items costs $18.26 in downtown New York City.
Airbnb's customers keep complaining about the costs compared to hotels. The company seems to be listening.
Airbnb's CEO announced several initiatives in place as a response to customers complaints about rising costs of the service.
Shopify leaders say using AI helped keep its head count flat, in addition to layoffs last year
Shopify's head count has remained flat since last year, and executives say they have AI to thank.
Puma thinks its Palermo sneakers might be this year's Adidas Samba
The German footwear giant flagged rising demand for its Palermo shoes and said sales in the Americas jumped for the first time in a year.
Uber shares drop sharply in premarket trade after it misses on earnings-per-share, but bookings jump by a fifth
Uber's share price fell as much as 8% pre-market after announcing its first-quarter earnings.
Stock market today: US stocks end mostly higher as multi-day rally pushes on
The Dow continued its winning streak for a fifth straight session. Fed President Neel Kashkari gave his view on how rates have impacted inflation.
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What earnings beat? Disney's streaming slowdown is all anyone on Wall Street cares about
Disney stock tumbled 11% as investors focused on lighter-than-expected streaming numbers instead of a mostly strong quarter otherwise.
Disney stock slides on revenue and streaming misses
Disney beat Wall Street's earnings forecasts, but shares fell on a slowdown in streaming subscribers and a narrow revenue miss.
Stock market today: Indexes extend gains as traders eye Fed speakers for rate clues
The equity rebound is entering its fourth day after last week's jobs report brought back hope for a Fed pivot on interest rates.
The next iPhone will probably feature AI — but Tim Cook still keeps us guessing
Wedbush analyst Dan Ives said Apple's AI efforts are set to spark a "supercycle" starting with the iPhone 16 later this year.
Apple can't tell you iPhone sales are booming, so it's talking about 'services.' That's a problem.
Apple's Tim Cook wants Wall Street to focus on its services business, but that business is under threat.