Tag: markets
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Darden Restaurants earnings beat estimates but Olive Garden growth weakens
Same-store sales growth at Darden’s fine-dining restaurants and Olive Garden fell short of expectations.
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Micron stock jumps over 16% in premarket trading after blockbuster earnings
The company’s revenue more than quadrupled from $9.3 billion a year earlier to $41.46 billion, it reported on Wednesday
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Defense stocks slide again, as Germany’s naval U-turn shakes confidence in Europe’s rearmament boom
Rheinmetall and other European defense stocks fell for a second day, after Germany scrapped the F126 naval program, raising procurement concerns.
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Gold holds below $4,000, silver below $60 — has the shimmer worn off the precious metal rally?
Gold is down almost 8% so far this year, while silver has shed more than 20%.
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Micron posts record results as AI boom drives 15-fold jump in profit
The US chipmaker Micron Technology has reported quarterly revenue and profit far above Wall Street’s expectations, as insatiable demand for the memory chips that power AI transformed the firm’s fortunes.
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CNBC Daily Open: Micron steals Nvidia’s margin king crown
Micron overtakes Nvidia and Meta to be Wall Street’s new margin king.
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Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming
Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.
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CNBC Daily Open: Nvidia may still be tech’s king, but Micron just stole a scene
Micron overtakes Nvidia and Meta to be Wall Street’s new margin king
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S&P 500 futures rise as Micron bounces after earnings; Wall Street awaits key inflation reading: Live updates
May’s personal consumption expenditures price index reading, the Fed’s preferred inflation gauge, comes out at 8:30 a.m. on Thursday morning.
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Bitcoin falls back under $60,000, hitting its lowest level since October 2024
Bitcoin, now in the eighth month of its bear market, dropped to an October 2024 low amid a pullback in tech stocks.
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