Check out the companies making headlines in premarket trading. Cava — The fast-casual restaurant chain plunged 23.6% after revenue came in at $280.6 million for the second quarter, missing the LSEG consensus forecast of $285.6 million. The company also missed expectations for same-store sales and lowered its forecast. However, Cava earned 16 cents per share…
We are so back. The S & P 500 and Nasdaq Composite scored fresh record highs on Tuesday, as expectations of a lower overnight lending rate from the Federal Reserve reawakened animal spirits on Wall Street. Goldman Sachs also pointed out that this latest run to all-time highs coincides with increased retail participation by Main…
The Trump administration is considering 11 candidates to replace Federal Reserve Chairman Jerome Powell when his term expires in May, including three that have not previously been publicly named, according to two administration officials who declined to be named. The new names includes Jefferies Chief Market Strategist David Zervos, former Fed Governor Larry Lindsey, and…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in the crypto space and cyclicals with optimism growing for a quarter-point rate cut from the Federal Reserve in September. Worldwide Exchange Pick:…
Gildan apparel at a store in Montreal, Quebec, Canada, on Friday, Dec. 15, 2023. Graham Hughes | Bloomberg | Getty Images U.S. undergarments maker Hanesbrands has agreed to a takeover by Canada’s Gildan Activewear in a cash-and-stock deal valued at $4.4 billion, the companies said on Wednesday. Shares of Hanesbrands fell 6% in premarket trading…
Tom Farley, chief executive officer of Bullish Global, during a Bloomberg Television interview on the sidelines of the Consensus Crypto Conference in Hong Kong, China, on Wednesday, Feb. 19, 2025. Lam Yik | Bloomberg | Getty Images Cryptocurrency exchange Bullish has priced its initial public offering at $37 per share, above the expected range of…
Even with no overall increase in food prices last month, Americans are still paying more for tariff-sensitive staples like coffee, sugar and bananas — and new import taxes could soon push those costs even higher. Food prices were unchanged from June to July but remained 2.9% higher than a year ago, above the Federal Reserve’s…
(COMBO) This combination of pictures created on February 21, 2020 shows US President Donald Trump delivers remarks at a Keep America Great rally in Phoenix, Arizona, on February 19, 2020. Russian President Vladimir Putin delivers a speech during a ceremony in Jerusalem on January 23, 2020 commemorating the people of Leningrad during the Second World…
A customer shops at a supermarket in Rockville, Maryland, on July 18, 2025. Sha Hanting | China News Service | VCG | Getty Images Social Security beneficiaries may see a 2.7% cost-of-living adjustment in 2026, according to new estimates from policy experts, based on the latest government inflation data. That projected increase would be higher…
The “One Big Beautiful Bill” has drawn mixed reactions on Wall Street, but for some investors, it represents a blueprint for a new phase of U.S. economic policy. The bill , which is characterized by extensive tax reforms and selective incentives, is forecast to add to the federal deficit and has drawn criticism and triggered…
