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Stocks were mixed near noon on Tuesday with results out of Walmart and a resurgence in the meme stock rally taking centerstage. Near 11:30 a.m. ET, the S&P 500 was up 0.1%, the Dow was up 0.6%, and the Nasdaq was down 0.3%. Earlier in the session, the S&P 500 and Nasdaq had traded in red figures, with the Nasdaq off more than 1.1% at session lows. Around 11:20 a.m. ET, shares of Bed, Bath & Beyond (BBBY) were halted at least twice for volatility after gaining more than 70% on the day. GameStop… Source link

Donald Trump has assailed the government’s official economic data this summer by calling it “phony” or “fake news.” He likes to say the “actual” number for jobs statistics or the inflation rate would be much more flattering to him — and would look worse for President Joe Biden. It’s a return to form for the former president who called the unemployment rate “total fiction” during his 2016 campaign before flipping and touting that same data once he was in office. This time… Source link

Walmart’s business looks to have stabilized after surging inflation for food and gas weighed on the company’s guidance a few weeks ago. The world’s largest retailer revised its full year guidance for profits to drop 9% to 11% from a prior range for a 11% to 13% decline. Walmart stock popped 4% in pre-market trading Tuesday following a 15 cents a share beat versus Wall Street profit estimates. Sales came in better than expected as well. Yahoo Finance caught up with Walmart’s well-regarded CFO Source link

Amid the renewed retail investor interest in meme stocks, it’s Bed Bath & Beyond that has taken the crown from former heavyweights AMC and GameStop. Bed Bath & Beyond stock (BBBY) skyrocketed by nearly 70% in afternoon trading on Tuesday as Reddit traders speculated on a massive short squeeze. Shares were originally down around 3% in pre-market trading today following a stunning 23% pop on Monday. The two days of gains came as enthusiastic traders on Reddit hyped the struggling retailer and Source link

Citi doesn’t like what it sees ahead of Zoom’s Aug. 22 earnings report. The investment bank’s tech analyst Tyler Radke slashed his rating on Zoom stock to Sell from Neutral on Tuesday, adding the stock is “high risk.” The analyst sees the video-conferencing outfit’s shares falling about 20% from current price levels. “Zoom’s post-COVID growth trajectory has always been more challenging, given pull-forward dynamics, but we see new hurdles to sustaining growth including rising competition… Source link

In the 21st century, we love life hacks, cheat codes and shortcuts. We want positive results with minimal effort, and we want it now! Did our great-grandfathers need cheat codes to storm Normandy? (Well, I guess they did use spies.) Did our grandfathers need shortcuts during the tumultuous ’60s and ’70s? (Then again, I suppose Watergate was America’s greatest cheat code.) OK, let’s start over. As a human race, we’ve always loved cheat codes and shortcuts! Viva la hack! Hacking a… Source link

Stocks held on to gains Monday, reversing earlier declines, with the Nasdaq leading the way, closing up 0.62% to 13,128.05. Here are the top trending after-hours tickers on Yahoo Finance: Apple (AAPL), Activision Blizzard (ATVI), Ally Financial (ALLY): Berkshire Hathaway boosted its stake in Apple, Activision Blizzard, Ally Financial, Paramount Global (PARA) and Celanese (CE), according to a regulatory 13F filing. Berkshire added about 3.9 million shares of Apple, bringing its total stake in… Source link

A fan was briefly removed from the Western & Southern Open on Sunday after a Russian player complained to the umpire during their match that the fan was sitting there with a Ukrainian flag draped around her shoulders. During the first set of the qualifying match between Anna Kalinskaya and Anastasia Potapova, both of whom are Russian, on Sunday in Cincinnati, one of the players stopped and complained to umpire Morgane Lane. [Set, hut, hike! Create or join a fantasy football league now!] The… Source link

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