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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 Amazon on Wednesday became the fifth U.S. company to reach a market capitalization of more than $2 trillion.Amazon’s stock, which needed to close above $192.18 to keep its $2 trillion market cap, finished up nearly 4% at $193.61 Wednesday.It took the stock more than 1,100 days to add …

Key Takeaways Whirlpool shares soared in intraday trading Wednesday following a report that Germany’s Robert Bosch was looking into purchasing the company.Reuters said Bosch was in discussions with advisers about making a bid for its American home appliance rival.Whirlpool shares have struggled as consumers have pulled back on purchasing big-ticket …

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 …

Key Takeaways The U.S. debt-to-GDP ratio is the fourth largest among a group of nearly 40 developed economies, according to the Organization for Economic Co-operation and Development (OECD).Last year, the country’s debt-to-GDP ratio was the highest since World War II as spending designed to help Americans recover from the pandemic …

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 Takeaways Southwest Airlines cut its revenue per available seat mile (RASM) guidance for the second quarter on weaker bookings.The carrier explained that it was having issues in adapting revenue management to its booking patterns in what it called a “dynamic environment.”Southwest said that despite the booking softness, it expects …

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) …

Key Takeaways The Nasdaq gained, while the Dow and S&P 500 were little changed at midday Wednesday, June 26, 2024 ahead of a key report on inflation due later in the week. FedEx shares jumped after the delivery giant reported profit and sales that beat estimates.General Mills reported revenue and volumes …