ISLAMABAD: Pakistan National Shipping Corporation (PNSC) aims to generate an estimated $700 million in freight earnings by expanding its fleet to 34 vessels over the next three years, according to a statement released on Friday. The announcement was made during a high-level meeting chaired by Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, outlining…
CNBC’s Jim Cramer on Friday guided investors through next week’s market action, specifically the labor report and earnings results from alcohol maker Constellation Brands. He also reflected on the past quarter, saying it ended on a strong note after a turbulent start when investors panicked over President Donald Trump‘s so-called “liberation day.” Back in April,…
CNBC’s Jim Cramer on Friday told investors that he’s still pulling for Apple, even as its stock lags behind the averages. “If Apple can shake off its current shroud of negativity — maybe they make nice with President Trump somehow — I could justify paying 35 times earnings for the stock,” he said. “Which is…
These are the stocks posting the largest moves in midday trading. [title_words_as_hashtags
Billionaire investor Ron Baron said he’s holding on to his position in Elon Musk ‘s SpaceX for the rest of his life. “I think that we’re going to hold that for another probably 10 years in SpaceX at least,” Baron told attendees at the Morningstar Investment Conference in Chicago. “And I don’t think, in SpaceX,…
Check out the companies making headlines before the bell. Nike — Shares of the sneaker giant jumped 10% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, and…
Aerial view of the headquarters of Contemporary Amperex Technology Co., Limited (CATL) on February 6, 2025 in Ningde, Fujian Province of China. Vcg | Visual China Group | Getty Images The world’s largest electric vehicle (EV) battery maker is going all-in on international expansion and could shake up the EV market in the process with…
The Pakistan Stock Exchange (PSX) closed at another historic high on Friday as investor confidence soared following the approval of federal budget for FY26. The benchmark KSE-100 index surged 2,332.60 points, or 1.91%, to settle at 124,379. “The market rebounded strongly from Thursday’s brief profit-taking phase, with bullish momentum prevailing throughout the session,” noted Ali…
Check out the companies making headlines in after-hours trading: Nike — The athletic retailer fell 2%. While Nike beat expectations on the top and bottom lines in the fiscal fourth quarter, the company said sales dropped 12% from the same period a year prior. CorMedix — The biopharmaceutical stock tumbled 10% after announcing a common…
A shopper walks past a Nike store, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in the King of Prussia Mall in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | Reuters Nike reported fiscal…
