(Updated - May 21, 2024 11:56 AM EDT)
Investing.com -- Main U.S. indexes traded largely flat Tuesday, as investors reacted with caution ahead of more speeches from Federal Reserve officials about the potential for future interest rate cuts.
Here are some of the biggest U.S. stock movers today:
Lowe’s (NYSE: LOW) stock fell 3% despite the home improvement retailer reporting first-quarter net sales that topped expectations, boosted by growth in its online offerings and... (continue reading...)
(Reuters) - Comcast's new streaming bundle, packaging its Peacock service with Netflix and Apple TV+, will cost $15 per month for all Xfinity internet and TV customers, the media and broadband company said on Tuesday.
The new bundle, StreamSaver, is a "companion to broadband" and offers savings of more than 30% to customers, Comcast Cable CEO David Watson said at the J.P. Morgan Technology, Media and Communications Conference.
Customers... (continue reading...)
By Dawn Chmielewski
(Reuters) -Pixar Animation Studios, which produced such classic films as "Toy Story" and "Up," began laying off about 14% of its workforce Tuesday as it scales back development of original streaming series, according to a source familiar with the development.
Approximately 175 people will be affected by job cuts at the Walt Disney Co unit.
The animation studio had hired additional staff to create original... (continue reading...)
(Reuters) - AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models.
Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O'Reilly Automotive, rose 3.5% to about $4.24 billion.
Analysts on average were expecting AutoZone to report third-quarter net sales... (continue reading...)
In a note to clients Tuesday, Bank of America highlighted a potential undervaluation in Nvidia (NASDAQ: NVDA) options pricing despite rising concerns about earnings fragility in the broader big-cap tech sector.
While the market anticipates an implied move of only 8.6% for NVDA's upcoming earnings release, BofA says this is lower than three out of the last five earnings events.
According to the bank, this disconnect suggests that options are underpricing the potential... (continue reading...)
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Target lowering prices on 5,000 items in bid to lure more shoppers
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NY Fed announces launch of new supply chain pressure metrics
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UK's CMA rejects probe into Microsoft-Mistral AI tie-up
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Tesla eyeing plan for China data to power self-driving ambitions - Reuters
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Best case scenario for S&P 500 'may be coming into play': Stock Trader's Almanac
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OpenAI strikes deal to bring Reddit content to ChatGPT
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Figma valued at $12.5 billion in tender offer backed by Fidelity, others
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Analysis-Walmart's strong forecast signals a resilient consumer
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Tesla gets local council go-ahead for German factory expansion
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Midday movers: Walmart, Chubb and Trade Desk rise; Meta, GameStop fall
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Disney, Fox, Warner Bros Discovery sports-streaming venture named Venu Sports
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Dow hits 40,000 on earnings boost, rate cut bets: Instant view
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Goldman Sachs (GS) Strikes $43 Billion Deal For Ups Pension Fund Assets - Bloomberg
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US import prices increase by the most in two years in April
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Initial jobless claims dip to 222,000 last week, but still above estimates
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US labor market fairly tight, broader economy losing steam
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Labor Department accidentally released some inflation data early on Wednesday
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Cisco rises as networking equipment demand rebound takes root
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Johnson & Johnson to acquire Proteologix for $850 million
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Under Armour forecasts underwhelm on patchy demand, unveils restructuring
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Disney has dramatically cut traditional TV spending, CEO says
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Netflix hits 40 million users for ad-supported plan
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US Congress passes broad aviation bill on safety and consumer rights
