Nvidia Corp.’s forthcoming sales report promises to start in an era of first for the chip business, the most important of which formally forgets its past reputation as primarily a gaming card company and fully embraces its role in shaping data centers. Nvidia NVDA, + 1.05% is scheduled to report …
Read More »Shares fall flat after data on retail sales and consumer confidence
Text size Chinese retail sales fell unexpectedly in July. Getty Images The S&P 500 closed Friday almost unchanged, as investors mixed data weighing on consumer confidence and retail sales against an upcoming trade meeting between Chinese and U.S. officials. While headline U.S. retail sales figures missed forecasts, with a monthly …
Read More »Retail sales jumped sharply, but lack of congressional stimulus puts profits at risk
Keith Cunningham from South Carolina Walt Disney Clothing Stores at Bargain World Gift Shop near Walt Disney World, where it is undergoing a phase reopening of coronavirus (COVID-19) disease in Lake Buena Vista , Florida, July 11, 2020. Octavio Jones | Reuters Retail sales rose to a record high in …
Read More »DraftKings, Tesla, Macy’s and more
The website of fantasy sports DraftKings Scott Olson | Getty Images Here are the stocks that make headlines in midday trading: Tesla – Shares of the electric car company rose more than 1% after two companies upgraded the stock. Morgan Stanley lifted its rating to equal weight underweight on Thursday …
Read More »Hot gambling stock DraftKings falls 6% to greater loss than expected
DraftKings fell more than 5% in premarket trading on Friday after it said its loss for the second quarter grew, despite strong revenue and a turnaround in user participation. The Boston-based gambling company posted a second-quarter loss of $ 161.4 million, or 55 cents a share, compared to a loss …
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