Markets

Video game giants had a miserable second quarter as the pandemic gaming boom hits a wall

Video game giants had a miserable second quarter as the pandemic gaming boom hits a wall

A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The giants of the video game world saw their sales fall in the second quarter, as the initial tailwinds of the Covid pandemic faded. In the three months ending in June, Microsoft, Sony and Nintendo …

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5 things to know before the stock market opens Wednesday

5 things to know before the stock market opens Wednesday

Here are the most important news investors need to start their trading day: 1. Stocks look to shake off consecutive losses Traders work on the floor of the New York Stock Exchange (NYSE) on July 25, 2022 in New York City. Stocks were slightly higher in morning trading as investors weigh the upcoming Federal Reserve …

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Yum Brands reports stronger sales for Taco Bell, but China lockdowns weigh on KFC

Yum Brands reports stronger sales for Taco Bell, but China lockdowns weigh on KFC

A woman walks past a Taco Bell cantina on July 30, 2020 in New York City. Alexi Rosenfeld | fake images Yum Brands reported mixed quarterly results on Wednesday, as China’s Covid lockdowns weighed on sales at KFC and Pizza Hut. Taco Bell, however, reported stronger same-store sales growth in the US, driven by higher …

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Pioneer returns over 95% of its free cash flow to investors in big earnings beat

Pioneer returns over 95% of its free cash flow to investors in big earnings beat

Investing Club holding company Pioneer Natural Resources (PXD) reported better-than-expected earnings after the closing bell on Tuesday. Total revenue of $6.92 billion beat expectations of $6.89 billion. Adjusted diluted earnings of $9.36 per share were better than the $8.81 per share expected by Street. Operating cash flow for the quarter of $3.22 a bit short …

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What Cramer is watching Tuesday — oil outlook, Pinterest and Uber soar, Caterpillar stumbles

What Cramer is watching Tuesday — oil outlook, Pinterest and Uber soar, Caterpillar stumbles

What I’m seeing August 2, 2022 Is the oil out? I thought I had staying power here, but a chart that capped West Texas Intermediate crude at around $110 a barrel on “Mad Money,” Carley Garner, now says the next stop is a range of $85 to $ 80. WTI below $94 a barrel on …

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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday

4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday

Every weekday, CNBC Investing Club with Jim Cramer hosts a live broadcast of “Morning Meeting” at 10:20 am ET. Here’s a rundown of Monday’s key moments. No time to be greedy Oil Crashes Quick Mentions: WMT, COST, DHR, CRM, LLY AMD Earnings This Week 1. No time to be greedy Stocks had a mixed Monday …

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5 things to know before the stock market opens Monday

5 things to know before the stock market opens Monday

Here are the most important news investors need to start their trading day: 1. Stock futures are lower to start trading in August A trader works on the floor of the New York Stock Exchange (NYSE), July 27, 2022. Brendan McDermid | Reuters Stock futures are lower on Monday as Wall Street begins a new …

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Jim Cramer: Don't get fooled by the bears, sometimes good news is just ... good

Jim Cramer: Don’t get fooled by the bears, sometimes good news is just … good

This weekend I read a series of negative articles attacking this market and the earnings reports of individual companies. The tip: All the numbers hide something, and even companies like Amazon (AMZN) and Apple (AAPL) simply reported numbers that exceeded analysts’ low estimates that were meant to build an advantage. This is an outrageously bullish …

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Google CEO tells employees productivity and focus must improve, launches 'Simplicity Sprint' to gather employee feedback on efficiency

Google CEO tells employees productivity and focus must improve, launches ‘Simplicity Sprint’ to gather employee feedback on efficiency

Google CEO Sundar Pichai speaks onstage during the Google I/O annual developer conference in Mountain View, California on May 8, 2018. Stephen Lam | Reuters Google is launching a new effort called “Simplicity Sprint” in an effort to improve efficiency and improve employee focus during an uncertain economic environment. The Alphabet company had its usual …

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