Constellation Brands (STZ) reported solid first-quarter results before the opening bell on Thursday. The wine, beer, and spirits company reported net sales of $2.36 billion, up 17% year over year and beating Wall Street’s expectations of $2.16 billion. Bottom line, the company said it posted adjusted earnings of $2.66 per share, up 14% year over … Read more
Meta Platforms CEO Mark Zuckerberg told CNBC’s Jim Cramer on Wednesday that the Metaverse could be a sizeable part of the social network operator’s business in the second half of the decade. “We’re hoping to reach basically around a billion people in the metaverse, doing hundreds of dollars in businesses, each of which is buying … Read more
Unless you’ve been to another planet, you know that on Wednesday the Federal Reserve raised its benchmark interest rate by 75 basis points and promised to further reduce its bond holdings. While investors initially cheered the announcement, sentiment quickly soured as fears mounted that Jay Powell and his team might still not be doing enough … Read more