Gap stock fell in extended trading on Thursday after the company warned tariffs will impact its profits moving forward. When Gap last reported results in May, it said it expected tariffs to cost between $100 million and $150 million on a net basis, but on Thursday, it said those costs are now going to be…
Charles Giancarlo, Pure Storage CEO, joins CNBC’s ‘Closing Bell Overtime’ on Aug. 27, 2025. CNBC Pure Storage shares jumped 32% on Thursday and closed at a record after the data storage management vendor reported quarterly results that topped estimates and lifted its guidance for the year. Wall Street was particularly enthused about the early success…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: Stocks are higher Thursday as investors try to make sense of Nvidia’s earnings, as well as other technology and retail earnings reports, and upbeat…
A member of the U.S. rail regulatory board said he discovered that he had been fired by the Trump administration after returning home from an Amtrak event to unveil new high-speed Acela trains. “I was just as surprised as anyone else,” the former Surface Transportation Board member, Robert Primus, said Thursday in an interview with CNBC’s…
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images Federal Reserve Governor Lisa Cook’s lawsuit against Donald Trump challenges his ability to remove her from office, but only briefly addresses the central…
Bitcoin’s volatility has collapsed from 60% at the start of 2025 to about 30% — which could make the crypto asset more appealing to institutional investors once put off by its rollercoaster price swings, according to JPMorgan. “Expect that the allocations to bitcoin by institutional investors could match those of competing assets classes such as…
Check out the companies making headlines in midday trading: Nvidia — The graphics processing unit manufacturer slipped more than 1% after its data center revenue came in below estimates for the second straight quarter. However, Nvidia posted a second-quarter earnings and revenue beat. Hormel — The food company’s stock fell more than 13% to a…
Pharmaceutical stocks largely shrugged off the change in Covid vaccine authorization policy, though analysts see rising risk in the space. The Food and Drug Administration on Wednesday set new limits for who is approved to get the latest round of Covid vaccines in the U.S. Despite this change, investors in vaccine makers haven’t taken this…
GitLab stock could be well positioned heading into fiscal second-quarter results due to be reported after Labor Day, according to Bank of America. “We believe concern that GTLB is at risk from AI is overstated and should be disproven with a steady string of strong results over time,” analyst Koji Ikeda wrote in a Thursday…
Signed contracts to buy existing homes, known as pending sales, were weaker in July compared with June, and were canceled at the highest rate since at least 2017. The monthly pending home sales index from the National Association of Realtors dropped 0.4% in July from June, but was still 0.7% higher from July of last…
