A close-up view of the illuminated red H&M logo in front of a display of women’s summer dresses and casual apparel at a retail store. Cheng Xin | Getty Images News | Getty Images Swedish clothing giant H&M on Thursday reported weaker-than-expected sales in the fiscal second quarter but pointed to an uptick in demand to…
The S&P 500 ended Wednesday near the flatline, but the broad market index remains in striking distance of its record. Here’s what CNBC is watching Thursday. <
Swedish meatballs at an IKEA in Causeway Bay is listed as out of stock after after Czech authorities detected horse meat in the company’s meatballs which are supposed to make up of pork and beef only. South China Morning Post | Getty Images Ikea shoppers will see price cuts of up to 50% at many…
Chinese Premier Li Qiang spoke at the opening ceremony of the ASEAN-China-GCC Economic Forum in Kuala Lumpur, Malaysia, on May 27, 2025. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese Premier Li Qiang on Thursday urged the Asian Infrastructure Investment Bank to increase its support for Beijing’s Belt and Road Initiative. “I hope…
While the broader semiconductor sector — represented by the VanEck Semiconductor (SMH) ETF and many of its well-known components — are pushing toward new all-time highs, Intel (INTC) remains a notable laggard. Its all-time high of $68 was set way back on Jan. 27, 2020 — more than five years ago. Simply put, waiting around…
CNBC’s Jim Cramer on Wednesday picked out five sectors that he thinks are performing well in the current economic environment, and he gave five he thinks are lagging behind. “Things can always change, but for the moment, I expect the winners to keep winning and the losers to keep losing,” Cramer said. Here are Cramer’s…
Check out the companies making headlines in after-hours trading. Micron – The maker of memory and storage products rose almost 4% after its fiscal third-quarter results topped analysts’ expectations. Micron posted adjusted earnings of $1.91 per share on $9.30 billion in revenue, while analysts surveyed by LSEG were calling for $1.60 per share and $8.87…
U.S. Capitol Police arrest protesting members of American Disabled for Attendant Programs Today (ADAPT) in the atrium of the Hart Senate Office Building on Tuesday, June 24, 2025. The protesters chanted “no cuts to medicaid” while being arrested. Bill Clark | Cq-roll Call, Inc. | Getty Images U.S. Capitol Police arrested more than 30 protesters…
To say Wall Street isn’t a fan of Zohran Mamdani would be an understatement. In fact, high-profile investors and business leaders in the Big Apple are up in arms about the stunning win by the democratic socialist in the primary to win the Democratic nomination to serve as the next New York City mayor. The three-term…
In a landmark shift for the U.S. housing finance system, the Federal Housing Finance Agency has issued a directive ordering Fannie Mae and Freddie Mac to formally consider cryptocurrency as an asset in single-family mortgage loan risk assessments. The move, signed by FHFA Director William J. Pulte on Wednesday, signals a new era of crypto…
