Nike (NKE) earnings Q4 2022 earnings

Nike Air Jordan shoes are seen in the store in Krakow, Poland on August 26, 2021. Jakub Porzycki | Nurphoto | Getty Images Nike on Monday topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter, as the sneaker giant overcame a Covid lockdown in China and tougher climate for consumers in the US … Read more

Quarter-end buying may lift stocks higher before the next market storm

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window of positive momentum for an … Read more

Look for more selling pressure next week as investors learn the hard way not to fight the Fed

Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, July 15, 2021. Kevin Lamarque | Reuters Wall Street and the Federal Reserve appeared to enter a new … Read more

Gasoline prices top $5 a gallon nationally for the first time and are likely headed higher

The sign reflects the price per gallon of fuel at a gas station on March 10, 2022 in Miami, Florida. Joe Raedle | Getty Images The average price for a gallon of unleaded gasoline rose above $5 nationally for the first time due to increased demand from the economy reopening from the pandemic and depleted … Read more

Nio Q1 2022 earnings reveal wider loss

Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022 nio Chinese electric-vehicle maker Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ago, as it scrambled to keep pace with intense demand amid China’s recent Covid-related shutdowns. Here are other key numbers from Nio’s … Read more

Fed will raise rates next week, but Powell remarks may matter most

The week ahead may all come down to what Federal Reserve Chair Jerome Powell has to say at 2:30 pm ET Wednesday. Powell briefs the press following the central bank’s two-day meeting. The Fed is widely expected to raise its fed funds target rate range by a half percentage point, but hot May inflation data … Read more

The more gasoline rises above $5, the greater risk there is of recession

Gasoline is nearing an average $5 per gallon across the US, but while consumers are feeling the pain, prices are not yet at a level that would tip the economy into a recession, economists said. Where that breaking point price lies is unclear. Some suggest it would probably not be just gasoline alone that would … Read more

Credit Suisse issues profit warning for second quarter

A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse said on Wednesday that it is likely to post a loss for the second quarter as the war in Ukraine and monetary policy tightening … Read more

Investors set sights on inflation report as bear market rally falters

The stock market may try to regain its footing in the next few sessions, even as a fresh inflation report looms large at the end of the week. Stocks struggled to move forward in the past week. With Friday’s sell-off, the major indexes closed out the four-day period with losses. That wasing to investors looking … Read more

Gamestop (GME) earnings Q1 2022

A GameStop location in New York, Dec. 23, 2021. Scott Mlyn | CNBC GameStop reported $1.38 billion in revenue in its fiscal first-quarter earnings report Wednesday, up slightly from the $1.27 billion it reported in the year-ago quarter. But, it also reported a $157.9 million net loss, which is worse than the $66 million net … Read more