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. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Fed foils stocks : The market … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s earnings-packed schedule on Wall Street, saying the highlight will be the report from Nvidia, one of the biggest players in the artificial intelligence space. “Lots to love next week, but, look, for many it’s really just going to be about Nvidia,” Cramer said. “I just … Read more
Employee Mo Soto arranges a shelf at a Birkenstock store on October 10, 2023 in Venice, California. Ethan Swope | Getty Images Birkenstock on Thursday beat holiday quarter revenue expectations, reporting a 26% year-on-year jump, as the German sandal company benefited from higher pricing and rising U.S. demand. Here’s how the shoemaker did in its … Read more
A cargo ship crosses the Suez Canal, one of the most critical human-made waterways, in Ismailia, Egypt on December 29, 2023. Fareed Kotb | Anadolu | Getty Images The world’s largest shipping company, MSC, and several retail and trade experts warned Congress on Tuesday that if the Red Sea chaos caused by Houthi rebel attacks … Read more
HANGZHOU, CHINA – APRIL 6, 2023 – A Cargo plane of Maersk AIR Cargo is seen at Hangzhou Xiaoshan International Airport in Hangzhou, Zhejiang province, China, April 6, 2023. On November 4, 2023, the international shipping industry giant Maersk’s revenue in the third quarter of 2023 was 12.13 billion US dollars, down 46.73% year-on-year; Net … Read more
VF Corp, the parent company of the popular apparel brands Vans, Supreme and The North Face have confirmed being hit by a cyberattack. The company has reportedly revealed that during the attack in December, hackers were able to steal personal data of 35.5 million customers. According to a report by TechCrunch, in a recent filing, … Read more
American manufacturer of skateboarding shoes Vans store seen in Hong Kong. Budrul Chukrut | LightRocket | Getty Images Shares of The North Face and Vans owner VF Corp tumbled Monday after the company reported that a hack had affected its ability to fulfill some orders ahead of the holidays. The company said hackers encrypted “some” … Read more
My top 10 things to watch Tuesday, Oct. 31 1. U.S. stocks edge up in premarket trading Tuesday, with S & P 500 futures rising 0.15%. The move comes after equities rallied Monday, with the S & P rising to its highest level in two months. Meanwhile, the yield on the 10-year Treasury was hovering … Read more
A shopper passes in front of a North Face store at the Easton Town Center mall in Columbus, Ohio, on Jan. 7, 2021. Luke Sharrett | Bloomberg | Getty Images Company: VF Corporation (VFC) Business: VF Corp. is a consolidator of consumer footwear and apparel brands. It engages in the design, procurement, marketing and distribution … Read more