DIRS.INFO The most relevant business & tech news

Paris CNN —France’s high-speed train lines were targeted by multiple “malicious” acts including arson on Friday, in what has been described as “coordinated sabotage” to disrupt travel ahead of the Opening Ceremony of the Paris Olympics. SNCF said one of the acts was “foiled.”Travel on these lines is “very disrupted,” with the railway network needing to divert and cancel a large number of trains, SNCF said. Passengers gather around the departure boards at the Gare Montparnasse train station in Paris. Eurostar, the high-speed train service that connects the United Kingdom with France, has been forced to cancel and divert trains due to the “coordinated acts of malice,” on French lines. Meanwhile, the Paris 2024 Olympic Committee canceled its pre-opening ceremony press conference amid the incident, and CNN has also asked Paris 2024 for comment.

Persons: ”, “, Thibaud Moritz, Loire, Amélie, Castera, Patrice Vergriete, Valerie Pecresse, ” Vergriete, Laurent Nunez, Nicolas Nordman, Darmanin Organizations: Paris CNN —, Paris, SNCF, Passengers, CNN, Getty, Eurostar, Lille, International Olympic, French, of Sports, Olympic, Paralympic Games, Games, France, Security, Paris Mayor Locations: France’s, Northern, Paris, du Nord, Gare Montparnasse, AFP, Courtalain, France, United Kingdom

☆ We're slashing our rating on Ford after the automaker's old issues come back to haunt it
▼ + stars: | 2024-07-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

However, Ford went 0 for 2 on Wednesday as an old enemy in warranty expenses returned to bite the Blue Oval. And it's an even more unfortunate setback because Ford management said on its April earnings call that the company has made "real progress" on its goal of making better vehicles. The best story at Ford remains Ford Pro , the unit that houses the company's fleet and commercial vehicles. But last quarter management said the business was tracking toward the higher end of the range, and that no longer appears to be the case. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.

Persons: FactSet ., Motors, Ford, Morgan Stanley, Adam Jonas —, JD Power's, It's, Jim Farley, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Ford, LSEG, FactSet, General Motors, Tesla, Ford Model, Revenue, Ford Pro, Super Duty, CNBC, Ford Dearborn Plant, Getty Locations: Ford, management's, Dearborn , Michigan

☆ Israel Rolls Into Paris Olympics Amid Cheers, Boos and Police Sirens
▼ + stars: | 2024-07-24 | by ( Tariq Panja | ) www.nytimes.com time to read: +1 min

It is unlikely that any team has ever arrived at an Olympics the way the men’s soccer team of Israel rolled up to the Parc de Princes on Wednesday night. Police vans led the way, dozens of them filled with squads of French riot police and surrounded by a phalanx of officers on motorcycles. Then came more vans, more police outriders, more sirens — a stunning show of force with one task: to protect the first Israeli participants to take the field of play in the Paris Games. The security of Israel’s team at the Olympics — any Olympics — has been a critical issue since the killing of 11 athletes and coaches at the Munich Games in 1972. The ongoing war in Gaza and the global protests that have accompanied it have made the Paris Games perhaps the most fraught sporting event featuring Israeli athletes in the half-century since then.

Persons: — Organizations: Princes, Police, Games, Paris Games, Olympics, Munich Games Locations: Israel, Gaza

The information for the following product(s) has been collected independently by Business Insider: CitiBusiness® / AAdvantage® Platinum Select® World Elite Mastercard®, Citi® / AAdvantage® Platinum Select® World Elite Mastercard®. Bottom line: The CitiBusiness® / AAdvantage® Platinum Select® World Elite Mastercard® is a good choice for small-business owners who fly American Airlines. CitiBusiness® / AAdvantage® Platinum Select® World Elite Mastercard® Insider’s Rating Info icon Business Insider's Ratings are decided by our editorial team. CitiBusiness® / AAdvantage® Platinum Select® World Elite Mastercard® review External link Arrow An arrow icon, indicating this redirects the user." Like most other cards, the CitiBusiness® / AAdvantage® Platinum Select® World Elite Mastercard® charges fees for cash advances, late payments, and returned payments.

Persons: CitiBusiness, it's, You'll, you've Organizations: Business, Mastercard, Citi ®, American Airlines, AA, Airlines, Citi, Barclays, Uber, Capital, American Airlines Admirals Club, Google, Virgin Islands, American Locations: Europe, American, AA.com, Hawaii, Canada, Virgin, Puerto Rico, United States, Hawaii , Alaska , Puerto Rico

☆ Here are Thursday's biggest analyst calls: Nvidia, Gap, Exxon, Apple, Block, Toast, Allstate, AMC, Chipotle, Dollar Tree & more
▼ + stars: | 2024-07-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Nvidia as buy Bank of America said it's sticking with its buy rating on Nvidia and that investors should "focus on fundamentals." "We are initiating on Frontier with a Buy rating and $33 PT." BMO upgrades Allstate to outperform from market perform BMO said it sees growth potential for the insurance company. " Morgan Stanley reiterates Taiwan Semiconductor as overweight Morgan Stanley said it's sticking with its overweight rating following the company's earnings report. " "We initiate coverage of Impinj with an Overweight rating and $205 price target."

Persons: Wolfe, Mizuho, it's, Goldman Sachs, Goldman, Baird, Morgan Stanley, Wells, TD Cowen, Redburn, William Blair, –, Roth MKM, Roth, TSMC, JPMorgan, Chipotle, Cantor Fitzgerald, Cantor Organizations: Exxon, ExxonMobil, Bank of America, Nvidia, Apple, UBS, Frontier, Mizuho, Citi, Vans, BMO, Allstate, Deutsche, Meta, Paris, Palo Alto Networks, Palo, AMC, 3Q, Taiwan Semiconductor, JPMorgan, CMG Locations: Palo Alto

☆ Will the rally in small-cap stocks last? Investors share their take — and their picks
▼ + stars: | 2024-07-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Investors are flocking to small-cap stocks right now, driving this segment of the market to new highs this week. He also noted that the Russell 2000 is outperforming the S & P 500 by the widest margin since November 2021. But according to him, one group of small-cap stocks could do well if rates were to stay higher for longer: regional banks. However, Turnquist cautioned that small-cap growth stocks would find the outlook tougher than small-cap value stocks, as they are more sensitive to economic health. How to play small-caps Investors who have been making a play for small-caps include billionaire Stanley Druckenmiller , who revealed a big bullish position in small-cap stocks last quarter.

Persons: Russell, Adam Turnquist, Turnquist, we've, There's, Trump, Kelvin Wong, Donald Trump, Wong, Stanley Druckenmiller, FactSet, David Dietze, Dietze, Jay Hatfield, Kilroy, Jefferies, Hatfield, —, Yun Li Organizations: CNBC, LPL, U.S . Federal, Federal Reserve, Citi, Wealth Management, CNBC Pro, Corp, Jefferies Locations: U.S, America

☆ Streetwear brand Supreme is getting a surprising new owner
▼ + stars: | 2024-07-17 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Supreme, the trendy streetwear clothier adored by celebrities and cool kids alike, has been sold to an eyewear manufacturer for substantially less than it sold for just four years ago. Italian company EssilorLuxottica announced Wednesday that it’s buying Supreme for $1.5 billion in cash from VF Corp. (VFC), the parent company of Vans and Dickies, which bought the brand for $2.1 billion in 2020. Supreme “perfectly aligns with our innovation and development journey, offering us a direct connection to new audiences, languages and creativity,” EssilorLuxottica said in a statement. The company added that the brand will have its “own space” in its portfolio and marks its first-ever apparel brand acquisition. “Buying a streetwear brand at a time when that aesthetic has gone off the boil is risky, and it is not clear what EssilorLuxottica intends to do to revive Supreme’s fortunes,” Saunders said.

Persons: EssilorLuxottica, ” EssilorLuxottica, Oliver Peoples, Ban, Oakley, Neil Saunders, ” Saunders Organizations: New, New York CNN —, VF Corp, Vans, Chanel, Gabbana, Carlyle Group, Corp, CNN, ” Observers Locations: New York

☆ Amazon Prime Day delivery workers say they're planning to grab early-morning shifts and take toilet paper with them
▼ + stars: | 2024-07-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Read previewAs Amazon's Prime Day approaches, one delivery driver in Texas has a strategy for handling the coming avalanche of packages. Flex workers, meanwhile, are independent contractors who are paid per shift (or "block," as the workers call them) and use their own cars to work. Some Amazon delivery workers said they peed in bottles as they faced pressure to complete their routes, BI reported in 2018. "Amazon Flex delivery partners have the freedom to take breaks and run errands during their delivery window specified in-app," Branden Baribeau, an Amazon spokesperson, told BI. AdvertisementDo you work for Amazon Flex, Whole Foods, Amazon Fresh, or another part of Amazon's retail business and have a story idea to share?

Persons: —, They're, she's, Branden Baribeau, Baribeau, Dhruv Grewal, Grewal Organizations: Service, Business, Amazon, Amazon ., Walmart, Target, Flex, Whole Foods, Babson College, Foods Locations: Texas, Alabama, Washington, Seattle

☆ Americans are buying more Kei trucks from Japan. Is it a sign of a growing “tiny truck” movement?
▼ + stars: | 2024-07-14 | by ( Erika Tulfo | ) edition.cnn.com time to read: +9 min

CNN —Measuring about half the length of a Ford F-150, Kei trucks look almost like toys in comparison to your standard pickup truck. Instagram page Kei Trucks Appreciation Society (@keitrucksas) sells Kei truck-themed merchandise from hoodies to stickers and posts memes for its more than 95,000 followers. On X, Kei truck fans share pictures of mini trucks they spot in the wild. Most states lack Kei-specific regulation entirely, and so far, only 19 states allow Kei trucks on public roads. And data from Edmunds showed that Americans were trading in more midsize and large pickup trucks for compact trucks than vice versa.

Persons: Kei, ”, George Zotos, Bill Pugliano, Zotos, Tetsu Ichino, “, I’ve, it’s, Andrew O’Bright, Kei truck’s, ” Zotos, Melissa Torre, Torre, Mark Schirmer, Mercedes ’ Smart, ” Schirmer, Ford, Edmunds, Ivan Drury, Drury, ’ Organizations: CNN, Ford, Silverado, American International Detroit Auto, Research, JDM Imports, Philadelphia, Torre, Daihatsu, Cox Automotive, Mercedes, Benz, Insurance Institute for Highway Safety, Ford Maverick, Hyundai, Hyundai Santa Cruz Locations: Japan, New York, Detroit , Michigan, Rockville , Maryland, Maryland, Chicago, Kei, U.S, Hyundai Santa

☆ A couple in their 20s converted 11 camper vans before building their dream one. Take a look inside the $127,000 Ram ProMaster.
▼ + stars: | 2024-07-13 | by ( Monica Humphries | ) www.businessinsider.com time to read: +9 min

After a bout of burnout, the pair decided to quit their conversion business and prioritize building a van to travel in. Scarlett and Seth EskelundAfter five years of converting and selling vans, the couple was ready to build their dream oneIn 2018, Seth and Scarlett felt stuck. Since 2018, Seth and Scarlett converted 11 vans, including three they lived in; their builds typically took three to six months. Side-by-side images of the interior of the couple's $127,000 van build. And while they accomplished their dream van, Scarlett said, "You couldn't pay us to do it again."

Persons: —, Scarlett, Seth Eskelund, Seth, It's, Scarlett Eskelund, Ram ProMaster, Scarlett Eskelund paddleboarding, van Scarlett, haves, Lula, Sasha, they've Organizations: Service, Business, The New York Times Locations: The, Colorado, Mexico, Canada

☆ Scientists want the Paris Olympics to dump Toyota’s Mirai as its official car. Here’s why
▼ + stars: | 2024-07-11 | by ( Angela Dewan | ) edition.cnn.com time to read: +4 min

Cars that run on hydrogen emit zero carbon at the tailpipe, but 96% of the world’s hydrogen is still derived from fossil fuels like methane gas. That makes most hydrogen-powered cars much more polluting than battery electric vehicles, or EVs, and only marginally cleaner than traditional combustion engine cars. Toyota is supplying the Game’s official fleet, which includes 500 Mirai cars and 10 coaches that run on hydrogen, as well as 1,150 EVs, to ferry athletes around. It is also one a few major automakers betting on hydrogen-powered vehicles, as well. Hydrogen vehicles have so far failed to take off as a popular choice for consumers, and very little infrastructure to refuel with hydrogen exists.

Persons: ” Organizations: CNN, Paris Olympics, Toyota, University of Cambridge, Oxford University, University of Colorado, Battery Electric Vehicle, Paris, world’s, Toyota Motor Europe Locations: EVs, United States

☆ Italian authorities confiscate almost $1 million in fake olive oil
▼ + stars: | 2024-07-11 | by ( Barbie Nadeau | ) edition.cnn.com time to read: +2 min

CNN —Officials in southern Italy have broken up an alleged racket selling fake olive oil, confiscating 42 tons of the extra virgin variety worth almost $1 million. Authorities confiscated 71 tons of what was referred to as an “oily substance” in plastic tanks, as well as 623 liters of chlorophyll, a component of extra virgin olive oil that was being added to oil of a lesser value. The investigation started in September with the arrest of 11 people in Italy and Spain and the confiscation of 12 barrels containing 260,000 liters of adulterated, or non-virgin or extra olive oil. Incidents of falsified extra virgin olive oil have increased in recent years, due to both the popularity of the Mediterranean diet and the effects of climate change, which has greatly reduced production in southern Europe due to devastating droughts, according to the International Olive Council. In January, officials carried out raids at 50 restaurants in Rome and found seed oil being passed off as extra virgin olive oil.

Organizations: CNN, Carabinieri, Authorities, International Olive Council Locations: Italy, Puglia, Spain, Europe, Rome

☆ Amazon Says It Reached a Climate Goal Seven Years Early
▼ + stars: | 2024-07-10 | by ( Ivan Penn | Eli Tan | ) www.nytimes.com time to read: +1 min

Amazon announced on Wednesday that effectively all of the electricity its operations used last year came from sources that did not produce greenhouse gas emissions. In its announcement, Amazon said it had reached its goal of 100 percent clean energy seven years ahead of schedule. The company said it invested billions of dollars in more than 500 solar and wind projects to achieve its target. The clean energy projects Amazon has invested in can produce enough electricity to power the equivalent of 7.6 million U.S. homes, the company said. Amazon aims to reach net-zero carbon emissions from all of its operations, including its delivery vans, planes and other means of transportation, by 2040.

Organizations: Amazon

☆ NASCAR unveils electric SUV, but the race series isn’t giving gasoline the boot
▼ + stars: | 2024-07-06 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

But, if NASCAR is known for anything, it’s the loud V8 internal combustion engines that power the race car. That’s why NASCAR wants to make it very clear that gasoline-burning race cars are in no immediate danger of extinction. ABB is also heavily involved in Formula E, the electric racing series affiliated with Formula 1. With many changes over the years, modern NASCAR race cars bear little resemblance to the Toyotas and Chevrolets that typical Americans own. This time, designers wanted to maintain that resemblance between the race car and the vehicles fans drive, which are, increasingly, SUVs.

Persons: ”, Riley Nelson, NASCAR’s, John Probst, Michael Plaster, Nelson, we’re, Probst, “ Organizations: CNN, NASCAR, ABB, Formula E, Formula, National Association for Stock, Auto, Cox Automotive

☆ Trying a taste of camper van life
▼ + stars: | 2024-07-05 | by ( Casey Barber | ) edition.cnn.com time to read: +6 min

When I tried camper van life for the first time, I went all in. The benefits of camper van travelNow, I’m not saying you must spend weeks on an epic road trip to fully experience the joy of a camper van. We had exactly everything we needed — everything except, well, a bathroom, which brings me to the next life-changing aspect of a camper van. Camper van life makes you brave and gets you out there, interacting with others and connecting with the world. Tips for trying the van lifeReady to try camper van travel?

Persons: can’t, Ford Econoline, we’d, Camper, Dan Cichalski We’d, I’m, van, —, wasn’t, Camper van, You’re, Zackary, Joshua, “ It’s, you’ll, Casey Barber Organizations: CNN, Los Angeles International Airport, Boots, El, Oklahoma City National Locations: North America, New Jersey, Los Angeles, Bloomington , Illinois, Los, Carthage , Missouri, Gallup , New Mexico, Arcadia , Oklahoma, Joshua Tree, California

☆ Ford sales edge 1% higher in the second quarter, led by trucks
▼ + stars: | 2024-07-03 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com time to read: +1 min

Ford sales rose 1% during the second quarter over the year-earlier period, led by a 5% gain in truck sales, the automaker said Wednesday. Ford truck sales, which include pickups and vans, totaled 308,920 vehicles during the period, the company's best second-quarter performance for the category since 2019, Ford said. Sales of Ford electric vehicles totaled 23,957 during the second quarter, up 61%. GM said total sales of 696,086 made for its highest quarterly sales mark since the fourth quarter of 2020. Auto industry forecasters including Cox Automotive and Edmunds expect second-quarter sales industrywide to be roughly flat year over year.

Persons: Ford, Edmunds, — CNBC's Michael Wayland Organizations: Ford, Motors, GM, Auto, Cox Automotive Locations: Chicago , Illinois

☆ 'Hawk Tuah Girl' has our attention. Next, she would like our money.
▼ + stars: | 2024-07-03 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

Read previewThe "Hawk Tuah Girl," Hailey Welch, has quit her day job in a Tennessee spring factory and announced plans to ride out her viral fame. But what does cashing in on viral fame look like in 2024, and how is that different from the other kinds of Viral Humans who have come before? "Hawk Tuah Girl" may discover that viral fame alone is not an instant windfall — capitalizing on social media popularity requires hard work. Accidental memedom is very different from social media stars who can make their (sometimes lucrative) living by grinding out content for years and studying platform mechanics. Jake Paul raps, "It's every day, bro," when it comes to managing his viral fame.

Persons: —, Hailey Welch, Welch, hasn't, Jonnie Forster, Forster, You've, Jake Paul doesn't, Jake Paul, Cooper Neill, Antoine Dodson, Sweet Brown, Dodson, Daniel, Alex, Lars Niki, Brian, Max Read, Ellen DeGeneres, Alex Cooper, Tana Mongeau, Bobbi Althoff, Brianna LaPaglia, Welch's, LaPaglia, Dave Portnoy, Zach Bryan, She'd, what's Welch, — I'm Organizations: Service, Business, Penthouse, Target, People Magazine, UPS, Josh, Barstool Sports Locations: Tennessee, fratty, Miami

☆ The Big Number: $5 Billion
▼ + stars: | 2024-06-28 | by ( Santul Nerkar | ) www.nytimes.com time to read: +1 min

Volkswagen, the German car company, said this week that it would invest up to $5 billion in Rivian, the American electric vehicle manufacturer that makes electric pickup trucks, sport utility vehicles and delivery vans. The deal will help Rivian, which has never turned a quarterly profit, make more electric vehicles and help convince investors of its stability. Rivian, which was founded in 2009 as Mainstream Motors, had billions in investments by 2021, including from Amazon, BlackRock and Ford. But as the case with many new electric vehicle companies, Rivian has also experienced hiccups in trying to ramp up to production, made harder by supply chain issues during the pandemic. In March, Rivian said it would pause construction of a $5 billion factory in Georgia to save money.

Persons: Rivian Organizations: Volkswagen, Motors, Amazon, BlackRock, Ford Locations: Rivian, Georgia, Normal

☆ UPS promised new delivery vans with AC. It hasn’t bought any
▼ + stars: | 2024-06-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

Almost none of the nearly 100,000 brown package vans have AC. But there have been no vans purchased this year, so no additional AC vans are on the roads. But they make up only a small fraction of the 94,000 UPS package vans on American roads. It said it also provided specialized cooling gear for UPS drivers and inside staff to wear, as well as water jugs for drivers. But AC is still a rarity in the UPS vans on the road.

Persons: hasn’t, ”, “, it’s Organizations: New, New York CNN, Teamsters, UPS, Drivers, CNN Locations: New York

☆ A Ride in a Chemical-Sniffing Van Shows How Heat Amps Up Pollution
▼ + stars: | 2024-06-21 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

Two vans loaded with precision instruments trundled along the streets of New York and New Jersey in the heat earlier this week, sniffing for toxic chemicals in the air. They detected spikes in methane, a potent greenhouse gas, most likely from leaks, or from natural-gas-burning buses. And all along the ride, they logged elevated levels of ozone, the main ingredient of smog, as well as cancer-causing formaldehyde — both of which form readily in hot weather. The bottom line: The streets are dotted with pollution hot spots. And the heat makes pollution worse.

Persons: ”, Peter DeCarlo, Johns Hopkins University who’s Organizations: Johns Hopkins University Locations: New York, New Jersey

☆ Harry Jowsey says he doesn't remember much of 'Perfect Match' season 2 because he was drinking constantly after breaking a 13-month sobriety
▼ + stars: | 2024-06-17 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read previewHarry Jowsey may have made some bad decisions on season two of "Perfect Match," but he says he doesn't remember making many of them. Harry said he turned to alcohol instead of talking to Elys after his date in episode three. Elys Hutchinson and Harry Jowsey in "Perfect Match" season two. Courtesy of NetflixOn the podcast, Harry addressed his argument with Elys after he decided to dump her for Jessica in episode three. AdvertisementElys responded to the podcast episode by sharing a TikTok video with the caption, "Imagine thinking releasing a podcast would be a good idea."

Persons: —, Harry Jowsey, who's, Elys Hutchinson, Jessica Vestal, Jessica, he's, Harry, I've, Elys Organizations: Service, Netflix, Business

☆ It Was Legal Boilerplate. Trump Made It Sound Like a Threat to His Life.
▼ + stars: | 2024-06-05 | by ( Alan Feuer | ) www.nytimes.com time to read: +1 min

On the day before the F.B.I. obtained a search warrant almost two years ago to look for classified materials at former President Donald J. Trump’s private club and residence in Florida, one of the agents on the case sent a reassuring email to his bosses. “The F.B.I. Over the next 10 hours, according to court papers, there was little drama as they hauled away a trove of boxes containing highly sensitive state secrets in three vans and a rented Ryder box truck. Two years later, Mr. Trump has tried to flip the facts about that search entirely on their head, in particular by twisting the meaning of boilerplate instructions to the agents about limits on their use of lethal force.

Persons: Donald J, ”, Ryder, Trump Organizations: Mr Locations: Florida, Mar, Trump’s, Beach

☆ Lululemon dominated the pricey athleisure market for years. Now it faces big competition
▼ + stars: | 2024-06-05 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

The departure of the company’s chief product officer adds to a “wall of worry” Raymond James analysts said. Choe joined Lululemon more than seven years ago and became chief product officer in 2018, according to her LinkedIn. “I think that there’s a lot of people out there who believe that she was the person behind the scenes and was the most instrumental to Lululemon’s success,” Nikic said. Lulu has been “hyper aware” of dupe culture, Nikki Neuburger, then its Chief Brand Officer, previously said in an interview with CNN Business. However, Lululemon wasn’t stocked enough in these smaller sizes, which could have led these younger shoppers to competitors, Nikic said.

Persons: New York CNN —, Lulu, Alo, –, Sun Choe, ” Raymond James, Choe, Raymond James, Tom Nikic, “, ” Nikic, Mike Kemp, Vuori, Nikki Neuburger, Hailey Bieber, Martha Stewart, Lululemon, Nikic, Calvin McDonald, Samsul Said Organizations: New, New York CNN, preteens, Nike, Wall, Vans, CNN, Jefferies, CNN Business, Shoppers, Bloomberg, Getty Locations: New York, athleticwear, Covent, London, United Kingdom, Los Angeles, preteen, Bukit Bintang, Kuala Lumpur, Malaysia, China

☆ Stocks making the biggest moves midday: Gap, MongoDB, Dell Technologies and more
▼ + stars: | 2024-05-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 22% after executives cautioned that its gross margins could face more pressure in 2025. Zscaler — Shares added 5.2% after the cloud security company posted a fiscal third-quarter earnings and revenue beat. Gap — The clothing retailer soared 26% after posting fiscal first-quarter earnings per share of 41 cents, higher than the 14 cents analysts surveyed by LSEG had expected. The company beat earnings and revenue expectations for the April quarter, but still saw slower-than-expected consumption growth. SentinelOne expects its revenue to fall between $808 million to $815 million in 2024, which was lower than the $817 million forecast by LSEG.

Persons: Zscaler, LSEG, Nordstrom —, Nordstrom, chipmaker, Marvell, MongoDB, Sun Choe, Choe, Cooper, Paycom, Randy Peck, Christopher Thomas, Maheep, CNBC's Hakyung Kim, Yun Li, Jesse Pound, Pia Singh Organizations: Dell Technologies, Lionsgate, Citi, Starz, Nordstrom, Marvell Technologies, Vans, Cooper Companies, Mizuho Locations: Seattle

☆ Stocks making the biggest moves premarket: Dell Technologies, Ulta Beauty, Ambarella, Gap and more
▼ + stars: | 2024-05-31 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Dell Technologies — Stock in the personal computer and technology company slid more than 16% after executives warned about further margin pressure ahead. Nordstrom stuck by its full-year earnings forecast and reported strong growth in its Nordstrom Rack segment, which outperformed the headline brand stores. Gap — Shares climbed more than 25% after the apparel company lifted its full-year operating income forecast on the heels of a first-quarter earnings beat. Ulta on Thursday posted fiscal first-quarter earnings that reflected a 1.6% year-over-year increase in same-store sales, a significant slowdown from the same period a year earlier. MongoDB said it expected to earn 46 cents to 49 cents per share on $460 million to $464 million of revenue.

Persons: Jason Bazinet, Zscaler, Nordstrom, Ambarella, MongoDB, LSEG, Michelle, Sun, Choe, Wall, Lisa Kailai Han, Pia Singh, Jesse Pound Organizations: Dell Technologies, Lionsgate, Citi, Marvell Technologies, LSEG, Vans

Search resuls for: "Vans"

25 mentions found