Stocks making the biggest moves midday: PTON, COST, STZ
Check out the companies making headlines in midday trading. Peloton — Shares of the fitness company soared nearly 10%, after adding 14% in the prior session, on news of its partnership with TikTok. Peloton will create a new fitness hub…
Coinbase to expand crypto derivatives in EU with license acquisition
LONDON, ENGLAND – NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings…
Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note
A networking and hiring event for professionals of color in Minneapolis, MN. Michael Siluk | Getty Images The unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data released Friday by…
BYD’s best-selling China EVs, including one edging out Tesla’s Model Y
BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan (US$160,000). CNBC | Evelyn Cheng BEIJING — BYD has overtaken Tesla again by the sheer number of new energy vehicles produced in…
Ken Griffin’s hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500
Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s various hedge fund strategies all posted double-digit returns for 2023, but they failed to beat the S&P 500. Citadel’s multistrategy Wellington fund gained…
Bond yields surging to highest level in decades: Jim Bianco
It’s a level not seen since George W. Bush was president. Wall Street forecaster Jim Bianco is predicting the benchmark 10-year Treasury note yield will hit 5.5% this year — its highest level since May 2001. A major part of…
Fed’s Barkin sees likely soft landing ahead but notes rate hikes still a possibility
Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, May 23, 2019. Ann Saphir | Reuters Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that…
Big Short’s Steve Eisman worries investors are too bullish in 2024
Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent Seven” technology stocks to expectations for multiple interest…
BYD produced more than 3 million cars in 2023, beating Tesla
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — BYD said Monday it produced more than 3…
Stocks making the biggest moves premarket: Coherus, NetEase and more
Check out the companies making headlines before the bell. NetEase — Shares of the Chinese internet company shed 4% after China’s top gaming regulator promised to “further modify and improve” fresh rules targeting excessive gaming. Shares of NetEase had previously…