Procter & Gamble beat Wall Street's estimates for its quarterly earnings and revenue. The company's volume rose 1% in its fiscal second quarter as demand for household staples like toilet paper and cleaning products rose.
Project Stargate will see companies like Oracle, SoftBank, MGX, and OpenAI commit an initial $100 billion to build data centers in the U.S.
Nasdaq led gains on Wall Street as investors responded positively to Netflix's strong performance and President Trump's AI infrastructure plan. Procter & Gamble also posted gains, while tariff threats loom.
CNBC’s Jim Cramer guided investors through next week on Wall Street, highlighting President-elect Donald Trump’s inauguration.
Wall Street's indexes climbed on Wednesday, with the S&P 500 reaching record highs. Investors celebrated Netflix's subscriber boost and Trump's $500 billion AI investment plan. The technology sector led gains,
Netflix shot up 14.6% after it reported adding nearly 19 million subscribers during the holiday-season quarter and it topped sales and profit targets. The video streaming service’s expansion into live programming appears to be paying off as it wrapped up its best year ever with more than $40 billion in revenue.
Wall Street closed higher, with the S&P 500 index scoring an all-time high. Blowout Netflix results and plans for $500b AI investment fuel gains.
Netflix, Oracle and other technology stocks are lifting U.S. indexes Wednesday as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence.
Procter & Gamble reported solid quarterly results, boosted by volume growth and higher prices in several key categories in North America. Asked about potential tariffs on U.S. imports—as promised by President Trump—executives said P&G manufactures the vast majority of its products locally.
Investors should take note of management's commentary on these underperforming regions in the upcoming earnings call. Economic challenges and currency headwinds are eroding the company's pricing power in these underperforming regions. So, any improvement would go a long way for the broader business.
Wall Street's indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix's quarterly report and President Donald Trump's private-sector artificial intelligence infrastructure investment plan.