Stocks News

May nonfarm payrolls impressively surpassed expectations amidst challenges, with the unemployment rate steady at 3.7%, just above 1969’s low.

U.S. labor market surprises with strong job growth in May, beating estimates and indicating resilience.

Salesforce beats earnings and revenue estimates, but stock price falters on higher capital costs.

HP’s Q2 revenue of $12.91B falls short as PC market slowdown and reduced demand affect global PC shipments.

Tentative US debt ceiling deal sparks market concern over liquidity as financial markets eagerly await details and implications.

Intel’s struggles raise concerns about competitiveness in AI space, while GPU manufacturers like Nvidia and Marvell reap rewards amid stock declines.

Manufactured durable goods orders show second consecutive monthly increase, while US deficit shrinks in March.

PCE price index rises, reflecting increased prices for goods and services, excluding food and energy.

Costco earnings fall short amid reduced consumer spending, while Gap reports losses but progresses with margin improvement and cost-cutting.

Jobless claims in the US saw a moderate increase, while first-quarter GDP growth received an upward revision.

Best Buy’s Q1 sales fell due to weaker consumer electronics demand and cautious customer behavior amidst inflation and low confidence.

Nvidia surpasses Q1 revenue estimates, shares surge 15%, and optimistic Q2 forecast reflects growing AI chip demand.

Kohl’s stock skyrockets 12% in the pre-market session as the struggling retailer delivers an unexpected profit amidst turnaround efforts.

With the fragile state of the economy and historical context of past standoffs, policymakers must act urgently to protect the nation from a potential recession.

Walmart raised its full-year forecast, as fiscal first-quarter sales rose nearly 8%, grocery business thrived.

April sees decline in building permits, growth in single-family units; housing starts rise, completions decrease.

Target surpasses earnings expectations despite Q2 forecast, adapting to changing customer behavior with groceries and on-trend products.

April 2023 U.S. retail sales show positive trend, up 0.4% from previous month, with 1.6% year-over-year growth, signaling retail sector recovery.

Home Depot reports record revenue miss, lowers forecast amid delays. CFO expects moderation, cites rising rates and downsizing.

Manufacturing activity in New York State takes a hit with the general business conditions index dropping to -31.8, reflecting worsening conditions and diminished optimism.