Data showed initial Also, Chicago Fed President Austan Goolsbee said on Thursday he was uneasy with cutting rates too quickly, with The comments and data follow the U.S. central bank's move last week to lower rates by 25 basis points - its first cut since December - after signs of weakness in the labor market. It also gave indications of more rate cuts ahead. Investor expectations of another 25 bps cut in the Fed's October meeting are now at 83.4%, down from about 92% on Wednesday, according to the CME F ...

On Thursday, the stock market experienced a downturn, with the S&P 500 and the Nasdaq both closing lower. The Dow Jones also saw a decline of over 170 points.Major U.S. indices slipped on the day, with the Dow Jones Industrial Average down nearly 0.4% to 45,947.32, the S&P 500 off 0.5% to 6,604.72, and the Nasdaq likewise lower by 0.5% at 22,384.69.These are the top stocks that gained the attention of retail traders and investors through the day:Costco Wholesale Corporation (NASDAQ: COST)Costco shares dippe ...

Shares of CarMax getting wrecked after reporting earnings in revenue that miss analyst estimates. The used vehicle retailer stock down almost 20% hitting levels not seen since March 2020. For more, let's bring in CNBC's Phil Labau. Phil, what happened? What' they say about this? >> Melissa, there was nothing good in this report. Really, when you look at the quarter, almost every key metric was poor. And even on the conference call, the CEO said month by month, the quarter got worse. Now, they believe they'r ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Matt Miller, taking you through to that closing bell with a global simulcast. We're joined now by Carol Massar and Tim Stenovec in the radio booth. Welcome to our audiences across all of our bloomberg platforms. Carol Massar on another down day for the markets. Fractional losses, to be sure, but when you kind of stack it up over the last few days. A lot more caution coming back into this market. Yeah, I was just r ...

CarMax shares plummeted Wednesday after downbeat earnings news. Global banking giant HSBC (HSBC) said that it had conducted a successful bond trading trial using quantum computers from International Business Machines (IBM) to optimize market predictions. According to the financial firm, incorporating IBM's quantum computing resources resulted in a 34% improvement in predicting the likelihood that a trade would be executed at a particular price compared with using only classical computing techniques. IBM sha ...

Welcome back to Market on Close. I'm Marley Caden here in Chicago alongside Sam Bodis at the New York Stock Exchange. As we like to close out our show with some final thoughts or standout headlines on the session, a few stand out to me.CarMax, of course, one of them hitting a new 5-year low was the biggest loser in the S&P after missing in its second quarter earnings estimates. And both the top and bottom lines. Retail used car sales were down 5% year-over-year, and CarMax's auto financing income fell more ...

经济数据表现 - 美国第二季度GDP增长3.8%，高于此前预估的3.3% [1] - 8月耐用品订单增长2.9%，此前连续两个月下降 [4] - 经济增速显著超过通胀水平，且差距较大 [4] 股市表现与预期 - 主要股指连续三日下跌，道指跌0.4%至45,947点，标普500跌0.5%至6,604点，纳指跌0.5%至22,384点 [7] - 标普500较分析师平均年终预测6,486点高出2%以上，类似偏离仅见于2024年和1999年同期 [4] - 经济走强支撑企业盈利提升，通常推动股价上涨，这一趋势自4月以来持续 [4] 个股表现 - IBM股价上涨5.2%，因HSBC使用其量子计算机预测债券市场价格，混合量子-经典方法比纯经典技术预测交易完成率提升34% [8] - 英特尔股价大涨8.9%，因管理层寻求苹果对其股权投资，该股年内累计上涨69.5%，较4月8日低点17.67美元反弹92.4% [8][9] - 特朗普政府投资89亿美元获得英特尔10%股权 [9] - CarMax股价暴跌20.1%，因二季度每股收益0.64美元低于1.04美元预期，同店销售下降6.3%而非预期增长1.1%，公司计划未来18个月削减至少1.5亿美元成本 [10][11] - Lithium Americas股价大涨22.3%，因与美国政府讨论股权注资替代22.6亿美元能源部贷款，用于开发Thacker Pass锂矿 [12] - Lithium Americas与通用汽车合资拥有内华达州北部锂矿 [13] 政策与市场影响 - 经济数据强劲可能使美联储更难进一步降息 [5] - 当前政府政策逐步落实为经济带来喘息，不确定性减少缓解招聘和投资决策停滞 [5] - 政府关门可能带来不确定性 [6]

here, Phil Labau with the details of what's going on here. Phil, a terrible quarter, Scott, any way you look at it, because all of the key metrics, they missed. And if you take a look at earnings per share, revenue, unit sales, all of them were below expectations.EPS of 99 cents. Street was expecting a buck five revenue below expectations. Vehicle sales down 4.1% compared to last year.By the way, that's wholesale as well as retail vehicle sales. But this is the stat that really spooked the street about CarM ...

CarMax (KMX) shares tanked 20% on Thursday after the Richmond-headquartered company recorded disappointing financials for its Q2, reflecting broader challenges of the used car market. The used vehicle retailer earned $0.64 a share in its fiscal second quarter, falling substantially short of $1.03 that analysts had forecast, while revenue also declined by 6% on a year-over-year basis. More News from Barchart Following today’s carnage, CarMax stock is down an alarming 50% versus its year-to-date high. ww ...

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of CarMax, Inc. ("CarMax†or the "Company†) (NYSE: KMX) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON CARMAX, INC. (KMX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On April 10, 2025, CarMax released its fourth quarter and fiscal year 2025 financia. ...