CNBC’s Jim Cramer on Friday said falling oil prices helped revive the stock market, but warned that next week’s Federal Reserve meeting could quickly change the outlook for investors. “Thank heavens oil went down today,” the “Mad Money” host said. “It changed everything.” Stocks rebounded Friday as oil prices retreated, helping the major averages recover…
Oracle Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Aug. 12, 2026. Michael Nagle | Bloomberg | Getty Images Oracle‘s shares jumped in premarket trading on Friday after it reported 30% revenue growth in its fiscal first quarter, fueled by strong demand for its cloud…
Oracle shares jumped 7% in extended trading on Thursday after the software vendor issued stronger-than-expected quarterly results. Here’s how the company performed relative to LSEG consensus: Earnings per share: $1.92 adjusted vs. $1.74 expected Revenue: $19.35 billion vs. $19.14 billion expected Oracle’s revenue grew almost 30% year over year in the fiscal first quarter, which…
Macy’s on Thursday posted growth across the company in its second fiscal quarter and raised its guidance as it continues its turnaround. The retailer said overall comparable sales rose 2.7% for the quarter, with comparable sales for its namesake brand up 1.1%. The company said that growth was largely driven by its so-called reimagined stores,…
The TSMC logo is displayed on a building in Hsinchu, Taiwan April 15, 2025. Ann Wang | Reuters Taiwan Semiconductor Manufacturing Co. reported record monthly revenue for August on Thursday, as demand for chips used in artificial intelligence applications remained strong. The world’s largest contract chipmaker posted revenue of $514.8 billion New Taiwan dollars ($16.35…
Global stock markets have been volatile as investors assess high bond yields and continued tensions between the U.S. and Iran. There are concerns about the impact of uncertainty in the Middle East on oil prices and consequently on inflation. Investors who prefer to look beyond short-term noise and buy stocks with attractive long-term growth potential…
Stocks kicked off September on shaky footing as higher oil prices and Treasury yields tested investors’ appetite for some of the market’s biggest artificial intelligence winners. For the week, the S & P 500 eked out a 0.1% gain, while the Nasdaq gained 0.4%, recovering from a rough start to the historically difficult month of…
Shoppers walk past a Lululemon store at a shopping mall on June 21, 2026, in Hong Kong, China. Cheng Xin | Getty Images Shares of Lululemon plunged 20% in premarket trading Friday after the retailer reported another quarter of disappointing results and cut its outlook for the year. The company on Thursday posted a 4%…
Zscaler stock soared on Thursday after the cloud security company beat Wall Street’s fiscal fourth-quarter estimates as rising artificial intelligence risk spurred urgent demand for cyber tools. Here’s how the company performed compared to LSEG estimates: Earnings per share: $1.19 adjusted vs. $1.09 expected Revenue: $898 million vs. $877 million expected Revenue jumped 25% from…
A ChargePoint electric vehicle charging station in Hudson, New York, US, on Tuesday, Sept. 3, 2024. Angus Mordant | Bloomberg | Getty Images ChargePoint Holdings CEO Rick Wilmer believes a surge in the electric vehicle charging company’s stock Thursday is just “the beginning of the momentum,” he told CNBC. Shares of ChargePoint increased more than…
