Company News

After Micron Technology (MU) reported fiscal third-quarter profit that missed analysts’ estimates and offered soft revenue guidance, Micron executives joined the company’s earnings call Wednesday, where they discussed their expectations for record revenue in 2024 and 2025, Micron’s position to gain in the artificial intelligence (AI) era, and more. On …

Key Takeaways Chipotle Mexican Grill completed its stock split after markets closed Tuesday, with the stock trading at its new price Wednesday.The chain now looks forward to its next earnings report next month, and its long-term plans of continuing to expand and open new locations.Chipotle and other fast-casual restaurants like …

Key Takeaways The Retail Investor Beat report from trading platform eToro highlighted the most popular investments for retail money in 2024, with finance stocks and cash favored most.Technology stocks are close behind, followed by energy and communications shares. Younger retail investors say they are likely to prioritize cryptocurrency. Financial services …

Key Takeaways Micron Technology shares tumbled in extended trading Wednesday after the company reported third-quarter profit that missed analysts’ estimates and offered soft revenue guidance.While Micron’s revenue guidance for the final quarter of fiscal 2024 was in line with projections compiled by Visible Alpha, J.P. Morgan and Citi analysts suggested …

Key Takeaways The S&P 500 added 0.2% on Wednesday, June 26, 2024, amid strength in the consumer discretionary sector and renewed momentum for tech stocks.FedEx shares popped higher after the parcel delivery firm posted better-than-expected quarterly results, driven by successful cost-cutting initiatives.Aptive shares dropped after analysts said a new joint …

Key Takeaways Nvidia held its annual shareholder meeting on Wednesday, where CEO Jensen Huang highlighted the chipmaker’s prime positioning in the artificial intelligence (AI) era.Huang said that Nvidia’s upcoming Blackwell platform could be the “most successful product” in the history of the company and the industry.Shareholders voted to approve executive …

Beth Ford’s first job paid $2 an hour. Early in the morning, she climbed on the school bus to go detassel corn, joining other kids in Sioux City, Iowa, who did it as a summer job. “Back then, two dollars an hour, that was real money,” Ford tells CNN’s Poppy …

Key Takeaway General Mills reported falling fourth-quarter sales and gave soft guidance as it faced price and volume weakness.Revenue missed analysts’ estimates, amid what CEO Jeff Harmening called “a more challenging operating environment.”The company raised its quarterly dividend by a penny to $0.60 a share. Shares of General Mills (GIS) …

A rare spot of happy news: Apple is finally getting a llama emoji. And a raccoon, bagel, frisbee and mosquito emoji, too. The company said it will likely add 70 new emoji for iPhone and iPad users later this month. Beta testers and developers who update to iOS 12.1 will …

New General Electric boss Larry Culp just got a fresh reminder of the debt-riddled balance sheet he’s inheriting. Barely 24 hours after Culp became CEO, S&P Global Ratings downgraded the credit ratings of GE (GE) and GE Capital. Moody’s and Fitch warned they could do the same. All three ratings …