Protecting your portfolio against risks tied to Trump’s tariff plan
Money manager John Davi is positioning for challenges tied to President-elect Donald Trump’s tariff agenda. Davi said he worries the new administration’s policies could be “very inflationary,” so he thinks it is important to choose investments carefully. “Small-cap industrials make…
Stocks making the biggest moves midday: PLTR, MRNA, ULTA, BABA
Check out the companies making headlines in midday trading: Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer…
BABA, AMAT, ULTA and more
Check out the companies making headlines before the bell: Applied Materials — Shares tumbled more than 8% after the semiconductor equipment manufacturer offered weak revenue guidance for the current quarter. Applied Materials said it forecasts $7.15 billion in the first…
China October retail sales beat forecasts while real estate slump worsens
Pictured here is a Shanghai development under construction on Nov. 4, 2024. Cfoto | Future Publishing | Getty Images BEIJING — China on Friday reported strong growth in retail sales and a decline in real estate investment in October, signaling…
Gary Gensler reviews accomplishments, defends crypto approach
U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a House Financial Services Committee oversight hearing on Capitol Hill in Washington, D.C., on Sept. 27, 2023. Jonathan Ernst | Reuters Securities and Exchange Commission Chairman Gary Gensler spoke this…
Chinese AI startup Shengshu launches image-to-video tool, rivaling Sora
Pictured here is an AI-generated clip from Vidu’s website. The tool can create videos from text or image prompts. Evelyn Cheng | CNBC BEIJING — Beijing-based Shengshu Technology on Wednesday said that its artificial intelligence-powered text-to-video tool Vidu will now…
Banks report ten-fold surge in digital scams, BioCatch says
Leylaynr | E+ | Getty Images U.S. and Canadian banks reported a ten-fold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm BioCatch. The sharp…
SPOT, CAVA, RIVN and more
Check out the companies making headlines in extended trading. Spotify Technology – Shares of the music-streaming service jumped about 8%. Total monthly active users for the third quarter came in at 640 million, reflecting an 11% jump from a year…
Alibaba launches AI search for small biz, says purchase intent jumps
Alibaba International promotes its e-commerce platform for small businesses at the Canton Fair in Guangdong, China, on Oct. 16, 2024. Vcg | Visual China Group | Getty Images BEIJING — Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial intelligence-powered…
Stocks making the biggest moves midday: ABBV, TSLA, CI, MS
Check out the companies making headlines in midday trading: Tesla — The electric vehicle stock popped about 9% to build on last week’s 29% gain as investors bet that a Trump administration would fare well for the company and CEO…
Three China stocks that analysts are watching for longer-term opportunities
Chinese stocks wrapped up a momentous week marked by a $1.4 trillion debt swap program that fell short of many investors’ calls for more direct government support. For many, the reaction among investors only reinforced the need to look at…
Trump tariffs could reheat inflation if countries retaliate
Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. David Swanson | Reuters Minneapolis Federal Reserve President Neel…
Stocks making the biggest moves after hours: ABNB, PINS, EXPE, RIVN
Check out the companies making headlines in extended trading: Rivian — The electric vehicle maker added nearly 2% despite missing on both top and bottom lines in the third quarter. Rivian posted an adjusted loss of 99 cents per share…
Two-stocks better than one? Repacking pair trades
The exchange-traded fund industry is trying to make pair-trade strategies more accessible to everyday investors. Tidal Financial Group’s Michael Venuto filed last month for eight two-stock ETFs: going long one stock and short the other. “They should come out probably…
PINS, MNST, BBWI, DJT and more
Check out the companies making headlines before the bell: Trump Media & Technology Group — Shares of President-elect Donald Trump’s media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The stock, which trades…
Stocks making the biggest moves midday: TSLA, ABNB, TOST, PINS
Check out the companies making headlines in midday trading: Tesla — The electric vehicle stock gained nearly 7%, continuing to rally on the heels of Donald Trump winning a second presidential term. The Elon Musk-helmed company saw its market capitalization…
China expected to announce highly anticipated fiscal stimulus package
Pictured here is a construction site of property developer Hongkong Land, in Shanghai on Nov. 4, 2024. Feature China | Future Publishing | Getty Images BEIJING – China is widely expected to unveil more stimulus on Friday after its parliament…
Fed rate decision November 2024:
The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. In a follow-up to September’s big half percentage point reduction, the Federal Open…
Payments giant Adyen reports 21% jump in third-quarter sales
Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company’s market capitalization . Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Adyen reported a jump in sales in the…
Stocks making the biggest moves midday: SMCI, TSLA, COIN, PLNT
Check out the companies making headlines in midday trading. Donald Trump trades — Individual stocks viewed as trades tied to Donald Trump’s election odds surged as the Republican clinched a return to the White House. Trump Media & Technology ,…
10-year Treasury yield rises as traders see Trump having edge in election
A specialist trader works inside a post on the floor at the New York Stock Exchange on Oct. 23, 2024. Brendan McDermid | Reuters Treasury yields rose in overnight trading as investors weighed the early results from the tight presidential…
TSLA, COIN, WYNN, PLTR and more
Check out the companies making headlines in midday trading: Trump Media & Technology — Shares of the Truth Social parent, which is majority owned by former President Donald Trump, climbed 12% on Election Day . The stock is viewed as…
China’s Hisense aims to become the No. 1 TV company in the U.S within 2 years
TV screens show global hit video game “Black Myth: Wukong” at Hisense booth during the IFA Berlin 2024 on September 6, 2024 in Berlin, Germany. China News Service | China News Service | Getty Images BEIJING — Chinese home appliance…
NVDA, BRK, YUMC and more
Check out the companies making headlines in midday trading: Nvidia , Sherwin-Williams — The stocks rose more than 1% and roughly 3%, respectively, on the heels of the announcement that both are going to join the Dow Jones Industrial Average…
Affirm expands buy now, pay later service to the UK
PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images LONDON — Buy now, pay later firm Affirm launched Monday its…
Stocks to play China’s shopping festival, even if consumers spend less
As China’s biggest shopping festival of the year gets underway, analysts are starting to favor Chinese logistics companies as a way to play the online shopping trend. Their reasoning? The delivery companies are seeing package volume grow, regardless of how…
Berkshire Hathaway BRK earnings Q3 2024
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett sold another big chuck of his Apple stake, downsizing Berkshire Hathaway‘s biggest equity holding for four quarters in a row….
Berkshire Hathaway’s cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway‘s monstrous cash pile topped $300 billion in the third quarter as Warren Buffett…
Stocks making the biggest moves midday: INTC, AMZN, BA, CVX
Check out the companies making headlines in midday trading: Cardinal Health — The health-care services provider gained 7.7%, hitting a new 52-week high, after Cardinal exceeded fiscal first-quarter earnings expectations and lifted its adjusted earnings outlook for fiscal 2025. The…
Stocks making the biggest moves premarket: AMZN, AAPL, TEAM
Check out the companies making headlines before the bell. Amazon — The e-commerce giant popped 7% after posting stronger-than-expected earnings and robust cloud and advertising growth. Revenues for its Amazon Web Services grew 19% on a year-over-year basis. Apple —…
Megacap tech gets new BlackRock ETF
BlackRock’s iShares is trying to appeal to investors who want to diversify beyond from the so-called Magnificent Seven. The firm launched the iShares Top 20 U.S. Stocks ETF (TOPT) this month. It doesn’t just hold the Magnificent Seven — Apple,…
Jack Dorsey’s Block expands Square Card service to the UK
Marco Bello | AFP | Getty Images LONDON — Block, the payments company owned by tech billionaire Jack Dorsey has launched its corporate card service in the U.K. in a bid to deepen its expansion into the country and take on…
Stocks making biggest moves after hours: MSFT, META, SBUX, COIN
Check out the companies making headlines in extended trading: Microsoft — The technology giant slid nearly 4% after its revenue guidance for the fiscal second quarter disappointed investors. Microsoft’s outlook called for revenue to range between $68.1 billion to $69.1…
LLY, CAT, VFS, GOOGL & more
Check out the companies making headlines in premarket trading. Eli Lilly — The drug maker tumbled 7.5% after missing analyst expectations for the third quarter and cutting full-year guidance. Eli Lilly earned $1.18 per share, excluding items, on $11.44 billion…
VFC, PFE, FFIV, JBLU and more
Check out the companies making headlines in midday trading: VF Corporation — Shares jumped more than 27%. The North Face and JanSport parent’s quarterly results beat Wall Street’s expectations for the fiscal second quarter. VF Corporation posted adjusted earnings of…
CDNS, F, BOOT and more
Check out the companies making headlines in midday trading: Cadence Design Systems — The electronic design stock jumped 5% after third-quarter earnings topped Wall Street expectations. Cadence Design earned $1.64 per share, excluding items, on $1.22 billion in revenue, while…
Chinese IPOs in the U.S., Hong Kong to rise next year, analysts say
Chinese autonomous driving company WeRide listed on the Nasdaq on Friday, Oct. 25, 2024. China News Service | China News Service | Getty Images BEIJING — Chinese IPOs in the U.S. and Hong Kong are set to increase next year,…
Wise’s billionaire CEO fined £350,000 by regulators over tax issue
Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images LONDON — Kristo Käärmann, the billionaire CEO of money transfer firm Wise, was slapped with a £350,000 ($454 million) fine by financial regulators in the U.K…
Apple’s China suppliers could benefit from U.S. trade tensions
After a sweeping look at global trade shifts, JPMorgan strategists have concluded that some of Apple’s Chinese suppliers could benefit from the trend of supply chain diversification. The Oct. 18 report looked at 10 aspects of “the great supply chain…
Stocks making biggest moves midday: TSLA, IBM, WHR, MOH
Check out the companies making headlines in midday trading: Lilium — U.S.-listed shares fell 62% after the German air taxi startup said in a regulatory filing that its two main subsidiaries would file for insolvency , which is when debts…
Chart analyst Carter Worth breaks down most important technical indicator
There are many technical indicators for traders to choose from. For Carter Worth, there is one that stands out above all others: volume. “A lot of charters don’t look at volume. They say it’s all in the price action. ……
DECK, COF, CPRI, SKX and more
Check out the companies making headlines in premarket trading: Deckers Outdoor — The maker of Ugg and Hoka jumped 14% following its big earnings beat. Deckers posted earnings of $1.59 per share, topping the $1.24 a share expected from analysts…
TPR, CPRI, LHX and more
Check out the companies making headlines in midday trading: Tapestry , Capri — Shares of Tapestry rallied 13.5%, while Capri’s stock tumbled 48.9%. The sharp moves come after a judge ruled in favor of the Federal Trade Commission’s case to…
Chinese smartphone maker Oppo in weekly AI talks with Google, Microsoft
Chinese smartphone company Oppo ranks second in mainland China, and fourth worldwide, according to Canalys. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese smartphone company Oppo is doubling down on artificial intelligence as it holds weekly talks about AI…
Stocks making the biggest moves after hours: DXCM, CPRI, SKX, COF
Check out the companies making headlines in extended trading. Dexcom — Shares slid nearly 7%, despite the manufacturer of diabetes management devices posting a third-quarter adjusted earnings and revenue beat. Dexcom also reaffirmed full-year revenue guidance that encompassed FactSet’s estimate….
Stocks making biggest moves after hours: TSLA, IBM, TMUS
Check out the companies making headlines after the bell : T-Mobile U.S. — The telecommunications giant rose about 3% after posting a third-quarter earnings surprise to the upside. T-Mobile reported earnings per share of $2.61 on $20.16 billion in revenue,…
Morgan Stanley rolls out OpenAI-powered chatbot for Wall Street division
Morgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted investment banking and trading division, CNBC has learned. The firm, which launched an AI assistant based on OpenAI’s ChatGPT technology to its wealth management advisors…
SAP CEO urges Europe not to regulate AI, says will put region behind
Christian Klein, CEO of the software group SAP, during the annual press conference. Europe’s largest software manufacturer SAP is today announcing its figures for the past financial year. Uwe Anspach | Picture Alliance | Getty Images Europe should avoid regulating…
GPC, GM, VZ, PM and more
Check out the companies making headlines in midday trading: Genuine Parts — Shares fell about 20% on the back of the company’s weaker-than-expected earnings for the third quarter. During the period, Genuine Parts earned $1.88 per share, excluding items, below…
HSBC names Pam Kaur as first female CFO amid major restructuring
Aaron P | Bauer-Griffin | GC Images | Getty Images HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a major overhaul comprising a new geographic setup and four consolidated business units. Kaur is set…
How abortion access can impact personal finance: Turnaway Study author
Arizona residents rally for abortion rights on April 16, 2024 in Phoenix, Arizona. Gina Ferazzi | Los Angeles Times | Getty Images Abortion is an important issue for many voters, especially young women, heading into the November election. Abortion access…
Analysts pick winners from China stimulus measures
Now that China’s key ministers have spoken on stimulus, analysts have narrowed down the stocks likely to benefit. Chinese stocks have tempered their recent rally as investors await more policy details. Data out Friday showed retail sales and industrial production…
Why I paid $95 to recycle a mattress — and you might, too
The author paid a company, Renewable Recycling, to pick up and recycle his queen-size mattress in New York City. Greg Iacurci I paid $95 to recycle a mattress. It may sound odd, silly even, to pay so much to dispose…
Stock picking small caps may boost performance right now
Stock picking may be the key to getting exposure to small caps. Rob Harvey, who’s behind the Dimensional U.S. Small Cap ETF, uses an actively managed approach to buying the group. He’s trying to avoid small caps that are underperforming…
AXP, PG, NFLX, CVS and more
Check out the companies making headlines before the bell: Procter & Gamble — The stock fell 0.8% after reporting weaker-than-expected revenue. The household goods maker posted $21.74 billion in revenue, while analysts polled by LSEG had estimated $21.91 billion. The…
Stocks making the biggest moves midday: Netflix, Apple, CVS Health, Lamb Weston, U.S. Cellular and more
These are the stocks posting the largest moves in midday trading.
After rejecting Google takeover, Wiz says will IPO when ‘stars align’
LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company’s billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public “when the stars align.” Wiz makes software that…
NFLX, ISRG, WDFC and more
Check out the companies making headlines in after-hours trading: Netflix — The streaming stock popped more than 4% after third-quarter earnings topped expectations. Netflix earned $5.40 per share on $9.83 billion in revenue, while analysts forecast $5.12 a share and…
UAL, MS, ASML, PLD and more
Check out the companies making headlines in midday trading: Novavax — Shares plunged more than 19% after the biotech company said the U.S. Food and Drug Administration put a clinical hold on its application for a Covid and influenza combination…
初學者可以從事CFD投資嗎？
CFD投資嗎 透過差價合約，您可以推測市場的上漲和下跌，並從價格變動中獲利（無論價格上漲或下跌）。但請記住，保證金交易存在風險。交易者利用槓桿來增加利潤和損失，並可以在股票、商品和貨幣等全球市場上建立部位。然而，有效的風險管理是必須的。 差價合約是一種金融槓桿形式，允許交易者在不擁有標的資產的情況下對股票、指數、商品和貨幣等快速變化的全球市場價格的上漲或下跌進行投機。當您交易差價合約時，您正在預測資產的價值會上漲還是下跌，如果您的預測正確，那麼您就會獲利。當您關閉差價合約交易時，任何利潤或損失都將乘以您頭寸的交易規模，並且將從最終數字中減去任何成本或費用，例如隔夜融資費用、佣金和保證止損費用。 要開立差價合約交易，只需選擇是否「買入」（如果您認為市場會上漲）和「賣出」（如果您認為市場會下跌）。您的差價合約交易的總成本將根據您的可用帳戶淨值和市場價格變動來計算，市場價格變動可能受到多種因素的影響，包括中央銀行製定的貨幣政策、公司和行業財務報表、新聞和當前情況事件和供需。 cfd 投資 差價合約允許您在不擁有標的資產的情況下推測廣泛的全球金融市場的價格變動。這意味著您可以在上漲和下跌的市場中進行交易，對沖頭寸以降低風險。差價合約的保證金要求也較低，允許您利用槓桿進行交易並最大化您的潛在利潤。 初學者可以從事CFD投資嗎？ 初學者交易者應在踏上旅程之前熟悉差價合約交易的風險和回報。選擇信譽良好且受監管的經紀商、隨時了解最新市場新聞並了解所涉及的成本非常重要。其中包括利差、隔夜融資費用和佣金，這些都會影響整體獲利能力。 差價合約提供多種全球市場可供交易，包括全球數千隻股票、數十個領先指數、外匯對和貴金屬。交易者還可以從賣空差價合約中受益，這使他們有機會從價格下跌中獲利。 差價合約對於初學者來說是一種在不擁有基礎資產的情況下推測金融工具價格走勢的好方法。然而，對於初學者來說，在將資金置於風險之前，了解交易這些產品的優點和缺點非常重要。 差價合約交易的缺點之一是槓桿水平較高。這使得交易者無需支付該工具的全部金額即可開倉，而是支付稱為保證金的小額存款。這可以增加利潤，但如果市場走勢對您不利，也會增加損失的風險。 差價合約的另一個缺點是它們不賦予您標的資產的所有權，這意味著您無法像股票一樣從股價上漲中受益。這就是為什麼初學者必須遵守嚴格的資金管理和頭寸規模規則的關鍵原因。這將有助於最大程度地減少他們的損失，避免遭受毀滅性打擊。差價合約交易對於初學者來說似乎很有吸引力，因為其資本要求相對較低，並且可能獲得高回報。然而，重要的是要了解差價合約是複雜的工具並具有重大風險。在開始交易之前，建議初學者多了解市場並制定符合其投資目標、風險承受能力和交易策略的策略。 交易者可以在廣泛的市場上開設多頭或空頭頭寸，包括股票、大宗商品、外匯和加密貨幣。他們還可以使用一系列工具來管理其風險敞口，例如「獲利」和「止損」訂單。交易差價合約的另一個優點是，它們不需要您擁有標的資產，這意味著您可以避免為您的利潤支付英國印花稅。然而，重要的是要記住，差價合約交易中使用的槓桿可以放大您的潛在利潤和損失。
LCID, DFS, PPG and more
Check out the companies making headlines in extended trading: Discover Financial — Shares inched lower by 1%. The financial services company posted third-quarter results that surpassed expectations, with earnings of $3.69 per share on $4.45 billion of revenue. Analysts polled…
China’s Alibaba claims AI translation tool beats Google, ChatGPT
Chinese e-commerce company Alibaba has invested heavily in its fast-growing international business as growth slows for its China-focused Taobao and Tmall business. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese e-commerce giant Alibaba‘s international arm on Wednesday launched an…
Fed Governor Waller sees need for ‘more caution’ when lowering interest rates
Christopher Waller, a member of the Federal Reserve Board of Governors, during a Fed Listens event in Washington, D.C., on Sept. 23, 2022. Al Drago | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Monday signaled that future…
Stocks making the biggest moves premarket: FLUT, BA, SIRI, CAT
Check out the companies making headlines before the bell: Crypto stocks — Stocks linked to cryptocurrencies rose as bitcoin soared above $64,000 to start the week. Extending gains from the previous session, MicroStrategy and Mara Holdings — formerly Marathon Digital…
China’s real estate stimulus could boost this stock, analysts say
While China’s property development giants find their footing amid the ongoing real estate slump, several analysts have their sights on housing transaction and services platform KE Holdings . Listed in the U.S. under the ticker “BEKE,” the company is known…
Trump or Harris? 2024 stakes for America’s businesses
Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. Getty Images With the U.S. election less than a month away, the country and its corporations are staring down two…
Two China ETFs go on different paths
Two exchange-traded funds are looking for profits in China with two different strategies. While the Rayliant Quantamental China Equity ETF dives into specific regions, the newly launched Roundhill China Dragons ETF buys the country’s biggest stocks. “[It’s] focused just on…
Here’s the deflation breakdown for September 2024 — in one chart
Jeff Greenberg | Universal Images Group | Getty Images Inflation has eased gradually across the broad U.S. economy, and some areas of consumer spending, such as furniture and gasoline, have even deflated over the past year. Deflation is when prices…
Chinese finance minister hints at increasing the deficit at highly anticipated briefing
Lan Fo’an, China’s finance minister, center, speaks as Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), left, and Pan Gongsheng, governor of the People’s Bank of China (PBOC), listen during a news conference on the sidelines of…
JPMorgan Chase (JPM) earnings Q3 2024
Chairman and C.E.O. of JPMorgan Chase & Co. Jaime Dimon speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty Images JPMorgan Chase posted third-quarter results that topped…
Berkshire slashes Bank of America stake to under 10%
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Warren Buffett’s Berkshire Hathaway has reduced its stake in Bank of America to below 10%…
DAL, CVS, NKE and more
Check out the companies making headlines before the bell. Delta Air Lines – Shares fell nearly 5% after the airliner provided disappointing fourth-quarter revenue guidance . Delta anticipates revenue will rise between 2% and 4% from a year earlier, less…
Fed officials were divided on whether to cut rates by half a point in September, minutes show
WASHINGTON – Federal Reserve officials at their September meeting agreed to cut interest rates but were unsure how aggressive to get, ultimately deciding on a half percentage point move in an effort to balance confidence on inflation with worries over…
HSBC exec says there’s a lot of AI ‘success theater’ in finance
Big technology companies are betting that a new wave of smaller, more precise AI models will be more effective when it comes to the needs of businesses in sectors like law, finance, and health care. Jaap Arriens | NurPhoto via…
NVDA, DOCU, BABA, LVS and more
Check out the companies making headlines in midday trading. China stocks – U.S.-listed shares of Chinese companies fell after Beijing’s economic planning agency failed to announce any new major stimulus plans . Online video company Bilibili fell 13%, while automaker…
China state planner lays out further actions to boost economy but no new plans for major stimulus
Two women sit on the sidewalk of Qiansimen Jialing River Bridge, decorated with Chinese national flags, on October 3, 2024 in Chongqing, China. National Day Golden Week is a holiday in China commemorates the founding of the People’s Republic of…
Stocks making the biggest moves midday: GNRC, AMZN, PFE
Check out the companies making headlines in midday trading: Generac Holdings — Shares of the maker of power generators surged 8% as Hurricane Milton intensified into a Category 5 storm . Amazon — The e-commerce stock lost 2.9% after Wells…
Banks and tech companies at odds over online fraud liability in UK
Meta is facing calls from U.K. banks and payment firms like Revolut to financially compensate people who fall for scams on their services. Jaap Arriens | Nurphoto via Getty Images Tensions are escalating between banking and payment companies and social…
Digital bank Revolut slams Meta over approach to scams
Revolut CEO, Nikolay Storonsky (L) and Meta CEO, Mark Zuckerberg. Reuters British financial technology firm Revolut on Thursday criticized Facebook parent company Meta over its approach to tackling fraud, saying the U.S. tech giant should directly compensate people who fall…
HIMS, JOBY, LEVI and more
Check out the companies making headlines in midday trading. EVgo — Shares soared nearly 61% after the electric vehicle charger company received a $1.05 billion conditional loan from the Department of Energy. JPMorgan also upgraded EVgo to overweight . Analyst…
Fed rate cuts should favor preferred stocks, Virtus fund manager says
One financial firm is trying to capitalize on preferred stocks – which carry more risks than bonds, but aren’t as risky as common stocks. Infrastructure Capital Advisors Founder and CEO Jay Hatfield manages the Virtus InfraCap U.S. Preferred Stock ETF…
Stocks making the biggest moves midday: RIVN, ANF, CVS, SAVE
Check out the companies making headlines in midday trading. Abercrombie & Fitch – Shares of the teen apparel retailer jumped 9.1% after JPMorgan added it to its positive catalyst watch list. Analyst Matthew Boss raised the stock’s price target and…
SAVE, SMMT, RIVN and more
Check out the companies making headlines before the bell. Spirit Airlines , JetBlue – Spirit plunged more than 38% following a report from The Wall Street Journal that the discount airliner is considering filing for bankruptcy. Shares of peer airline…
Stocks making the biggest moves premarket: DJT, AAPL, SMCI
Check out the companies making headlines before the bell: Trump Media & Technology — Shares of the Truth Social parent popped more than 50% following the attempted assassination of former President Donald Trump on Saturday. Some have argued that the…
Stocks making the biggest moves midday: DJT, M, GS, COIN
Check out the companies making headlines in midday trading: Humana , UnitedHealth Group — Health care insurers rose as a group Monday as the greater likelihood of a Donald Trump victory in this year’s presidential election raised hopes of fewer…
China reports second-quarter GDP growth of 4.7%, missing expectations
Chinese-made cars wait to be loaded onto a ship for export at Yantai Port on July 12, 2024, in Shandong province of China. Vcg | Visual China Group | Getty Images BEIJING — China’s National Bureau of Statistics on Monday…
China’s Third Plenum kicks off this week. How investors can play it
The more dire predictions for China’s highly anticipated “Third Plenum” that kicks off Monday hint at constraining the financial sector, despite slowing economic growth. What’s widely expected, on the other hand, is reinforced support for high-tech and manufacturing. “For investors…
Banks get closer to releasing deposits of stranded customers
Oscar Wong | Moment | Getty Images There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months. Banks involved in the mess caused by the collapse of…
WFC, JPM, TSLA, CVNA and more
Check out the companies making the biggest moves in premarket trading: Wells Fargo — Shares tumbled 6% after the bank reported $11.92 billion in net interest income for the second quarter, a 9% year-over-year decline . Analysts polled by FactSet…
Stocks making the biggest moves midday: Wells Fargo, JPMorgan, AT&T, Carvana and more
These are the stocks posting the largest moves in midday trading.
Here’s the deflation breakdown for June 2024 — in one chart
Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers. Deflation measures how quickly prices are falling for a consumer good or service. It’s the opposite of inflation, which…
China to hold Third Plenum. Why real estate isn’t likely the main focus
The Third Plenum, set for July 15-18, is one of the most important political meetings of the Chinese Communist Party. Bloomberg | Bloomberg | Getty Images BEIJING — China’s real estate problems may be massive, but analysts expect the upcoming Third…
DAL, SOUN, WDFC, TSLA and more
Check out the companies making headlines in midday trading: Delta Air Lines — The stock fell almost 5% after the airline issued a sales growth forecast for the third quarter that came in below expectations. The company also reported an…
China’s robotaxi push sparks concerns about job security for drivers
More than 70% of Baidu Apollo Go robotaxi rides in Wuhan were fully driverless as of April, and the company said in May it expected 100% of the rides to be completely autonomous in coming quarters. Bloomberg | Bloomberg |…
INTU, AMD, LZ, BIDU and more
Check out the companies making headlines in midday trading: Intuit — Shares of the TurboTax parent company fell nearly 4% after it said it will slash 1,800 jobs , or about 10% of its workforce, as it boosts investments in…
China’s inflation numbers miss expectations, rising 0.2% in June
Consumers are shopping at a supermarket in Qingzhou, China, on June 12, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell…
NVDA, GLW, HELE, PATH and more
Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling popped 1.8% following KeyBanc’s price target hike to $180, which implies about 40% upside from Monday’s close. The firm said demand for Nvidia’s…
Chance of Biden dropping out of presidental race is 40%, Stifel says
There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls it a “make or break week” for the president’s campaign…
PARA, MORF, IDYA and more
Check out the companies making headlines in midday trading. Paramount Global — The media and entertainment company shed 2% after it agreed to merge with Skydance Media . Skydance and its financial backers will invest more than $8 billion into…
Job scams surged 118% in 2023, aided by AI. Here’s how to stop them
Ridvan_celik | E+ | Getty Images Employment scams surged last year, as criminals leveraged artificial intelligence to steal money and personal information from unsuspecting job seekers, experts said. Consumer reports of job scams jumped 118% in 2023 from the prior…
A soaring Nasdaq and Nvidia in the U.S. make China’s stocks look worse
Mainland China investors these days are often focused on how well U.S. stocks are doing — and bemoaning tepid performance at home. Sure, there are clear macroeconomic differences. And hardly any major Chinese stock has more than doubled in price…
Stocks making the biggest moves premarket: M, TSLA, NVO
Check out the companies making headlines before the bell. Crypto stocks — Stocks tied to bitcoin price slid after the cryptocurrency dropped 5% to its lowest level since February , with the now defunct Mt. Gox exchange beginning repayments to…
Weight loss stocks should grab big gains, Tema ETFs’ CEO suggests
Tema ETFs has been capitalizing on the risk appetite for weight loss stocks. It is behind the GLP-1, Obesity & Cardiometabolic ETF (HRTS), which is up 26% since its inception last November. The firm’s founder and CEO Maurits Pot thinks…
Rent a car for a road trip, or drive your own? 5 things to consider
Patchareeporn Sakoolchai | Moment | Getty Images Summer is the season of road trips. A record 70.9 million Americans are expected to travel by car during the July Fourth holiday week alone, according to AAA. For some car owners, it…
M, INST, NVO and more
Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling fell 1% after a rare negative call on Wall Street . New Street Research downgraded Nvidia to hold from buy, citing limited upside…
‘Early innings’ of a U.S. manufacturing boom: Tema ETFs CEO
One exchange-traded fund is betting on a U.S. manufacturing job resurgence. Tema ETFs CEO and founder Maurits Pot is behind the American Reshoring ETF (RSHO) that focuses on industrials. “Some will call it deglobalization. We’re in the early innings,” Pot…
China hopes for solution with EU on EV tariffs ‘as soon as possible’
Employees work on the assembly line of electric vehicles in a digital automotive factory of Jiangling Motors on May 17, 2024. Vcg | Visual China Group | Getty Images BEIJING — China hopes to reach an agreement with the European…
Hong Kong’s IPO market is set to improve over the next five years
Hong Kong Exchanges and Clearing celebrates the 24th anniversary of its listing on June 21, 2024. China News Service | China News Service | Getty Images BEIJING — The market for initial public offerings in Hong Kong is set to…
Stocks making the biggest moves midday: Paramount Global, Tesla, MGM Resorts and more
These are the stocks posting the largest moves in midday trading.
U.S. needs more tungsten. China is a major supplier of the critical metal
Pictured here is a stone with tungsten ore inside a mine in Germany run by Saxony Minerals and Exploration. Picture Alliance | Picture Alliance | Getty Images BEIJING — China dominates the supply chain for many of the world’s critical…
Stocks making the biggest midday moves: Tesla, Polestar, Paramount Global and more
These are some of the stocks posting the largest moves in midday trading.
Revolut boss confident on UK bank license approval after record profit
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — The boss of British financial technology giant Revolut told CNBC he is optimistic about the company’s chances of being granted a…
Chewy shares turn negative as the boost from Roaring Kitty’s new stake diminishes
Keith Gill, aka Roaring Kitty, hosting a YouTube livestream on June 7th, 2024. Source: Roaring Kitty | YouTube The rally in Chewy shares lost steam Monday as traders reacted to a Securities and Exchange Commission filing that showed meme stock…
Buffett donates another $5.3 billion, says his children will run estate
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities….
Play China’s EV industry consolidation with this stock: Morgan Stanley
Morgan Stanley has resumed coverage of Hong Kong-listed Geely with an overweight rating on expectations the Chinese automaker can weather macro and industry uncertainties. Fierce competition in China’s new energy vehicle market, which includes battery- and hybrid-powered cars, has increasingly…
Apple Vision Pro starts deliveries at higher price in China than U.S.
The Apple Vision Pro mixed-reality headset is on sale at the Apple flagship store in Hangzhou, Zhejiang Province of China, on June 28, 2024. Vcg | Visual China Group | Getty Images HANGZHOU, China — Apple‘s mixed-reality headset began deliveries…
Growth, value stocks could see boost from Russell rebalancing
A bullish move may be ahead for both value and growth in the year’s second half. VettaFi’s Todd Rosenbluth thinks value stocks, which have been market laggards, could get a lift from one of the biggest Wall Street events of…
JPMorgan, Morgan Stanley boost share buybacks as rivals take smaller steps
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C.,…
Stocks making the biggest moves midday: Trump Media, Kura Sushi, Nike and more
These are the stocks posting the largest moves in midday trading.
AI’s power is worthless without data privacy
Honor CEO George Zhao (L) and GSMA CEO John Hoffman on stage at Shanghai Mobile World Congress during an awards ceremony on June 27, 2024. Honor HANGZHOU, China — The transforming power of artificial intelligence is of no value unless…
WBA, LEVI, IP and more
Check out the companies making headlines in midday trading: Walgreens Boots Alliance — The stock plummeted more than 24.5% after the retail company reported third-quarter earnings results that missed Wall Street’s expectations . The company also announced a cut to…
All 31 banks pass annual exercise
Federal Reserve Board Vice Chair for Supervision Michael Barr testifies before a House Financial Services Committee hearing on the response to the bank failures of Silicon Valley Bank and Signature Bank, on Capitol Hill in Washington, D.C., on March 29,…
RIVN, FDX, WHR and more
Check out the companies making headlines in midday trading: Rivian Automotive — The stock surged more than 20% following the announcement that the electric vehicle startup secured a $5 billion investment from Volkswagen Group. Volkswagen’s initial investment will be $1…
Europe risks falling behind US and China on AI: Prince Constantijn
Prince Constantijn is special envoy to Techleap, a Dutch startup accelerator. Patrick Van Katwijk | Getty Images AMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology,…
SEDG, POOL, CCL and more
Check out the companies making headlines in midday trading: SolarEdge Technologies — Shares of the company tumbled more than 20% following the announcement that it will offer $300 million worth of convertible notes due 2029. The company also revealed in…
NVDA, RACE, PLNT, CNK, more
Check out the companies making headlines in premarket trading. ResMed , Eli Lilly — ResMed tumbled 11.8% following a news release from last Friday saying Eli Lilly’s tirzepatide weight loss drug reduced the severity of obstructive sleep apnea. Eli Lilly,…
RMD, AFRM, NVDA, BUD and more
Check out the companies making the biggest moves midday: Inspire Medical Systems , ResMed — Inspire Medical Systems and ResMed, which manufacture devices to treat obstructive sleep apnea, dropped 14% and 11%, respectively, following Friday’s news that Eli Lilly ‘s…
Stocks making the biggest moves premarket: GILD, SRPT, NKE
Check out the companies making headlines before the bell. Nvidia — Shares dipped 2%, adding to losses from Thursday, when Nvidia closed down 3.5%. The decline comes after the AI chipmaker on Tuesday briefly topped Microsoft as the most valuable…
China growth worries have hit Moutai. Some see opportunity
Prices of a prestigious Chinese alcohol brand are falling, stoking worries about economic growth. “Flying Fairy,” a 53% alcohol from Shanghai-listed Kweichow Moutai , saw wholesale prices drop by more than 5% in a week. Those prices are now down…
Stocks are in their longest stretch without a 2% sell-off since the financial crisis
Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 11, 2024. Angela Weiss | Afp | Getty Images Wall Street’s climb to record highs has come with conspicuously little volatility. The S&P 500…
Citigroup, JPMorgan Chase, Goldman hit by regulators
Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty…
Nearly $109M in Yotta customer deposits vanish
Tsingha25 | Istock | Getty Images Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks ago, according to one of the lenders involved. A network…
SRPT, HTZ, ASAN and more
Check out the companies making headlines in midday trading. Sarepta Therapeutics — Shares of the biopharma company surged 33% after the U.S. Food and Drug Administration approved the expanded use of the company’s gene therapy Elevidys for Duchenne muscular dystrophy….
China talks up support for IPOs. Investors are watching the speed of approval
A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. Mike Segar | Reuters…
GILD, ACN, DJT, AMD and more
Check out the companies making the biggest moves midday: Accenture — Shares popped 7.3% after the consulting company reported more than $900 million in generative artificial intelligence bookings for its third quarter, bringing the total to $2 billion for this…
Fitch pushes back China rate cut as Fed holds interest rates steady
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — Ratings agency Fitch no longer expects China to cut its policy rate this…
ADSK, AVGO, AMCX and more
Check out the companies making headlines in midday trading: Virgin Galactic — The struggling space company slid about 14.6% as the stock’s 1-for-20 reverse stock split took effect. The company was trying to get its stock back above $1 a…
GME shares drop to session lows after annual meeting fails to offer details on firm’s strategy
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. Brendan McDermid | Reuters GameStop shares dropped to session lows Monday after the…
Starboard has Autodesk stake, weighs suit over probe disclosure
Jeffrey Smith, CEO and chief investment officer at Starboard Value LP. David Paul Morris | Bloomberg | Getty Images Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company’s…
Japan did it first. Chinese stocks with some of the biggest global upside
If the international expansion of Japanese companies is any guide, Chinese companies still have significant potential left in the global market. That’s according to HSBC analysts. They found that for mainland China-listed companies, known as A shares, just 11.7% of…
Avoid concentration risk with this value play, ETF expert suggests
Investors worried about concentration risk in the market may want to consider value-oriented investments. Avantis Investors chief investment strategist Phil McInnis suggests taking a more diversified approach than simply looking at index funds such as the S&P 500. He thinks…
Stocks making the biggest moves midday: ADBE, RH, HAS
Check out the companies making headlines in midday trading: Adobe — The software stock surged 14.5% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance. JPMorgan also…
Stocks making the biggest moves premarket: ADBE, HAS, GME
Check out the companies making headlines before the bell. GameStop — The meme stock dipped 1.1% after Keith Gill, known as “Roaring Kitty,” seemingly increased his ownership in GameStop. He appears to be holding 9.001 million GameStop shares and over $6…
Roaring Kitty’s GameStop stake grows to 9 million shares
Keith Gill, aka Roaring Kitty, hosting a YouTube livestream on June 7th, 2024. Source: Roaring Kitty | YouTube Meme stock champion Keith Gill, known as “Roaring Kitty” online, seemed to increase his ownership in GameStop‘s common stock and appears to…
TSLA, AVGO, PLAY and more
Check out the companies making headlines in premarket trading. Tesla — Shares jumped 7% after CEO Elon Musk said his $56 billion pay package and a resolution to move the company’s incorporation to Texas were both set to pass a…
Robotics startup cofounded by Synapse CEO raises funds with exaggerated GM claims
3alexd | E+ | Getty Images A humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds by claiming close ties and an imminent investment from General Motors — claims rejected…
GameStop raises more than $2 billion by selling 75 million shares, capitalizing on meme frenzy
Merchandise lines the shelves of a GameStop store on May 28, 2024 in Miami, Florida. Michael Nagle | Bloomberg | Getty Images GameStop raised more than $2 billion in a recent stock sale as the video game company took advantage…
Affirm buy now, pay later loans coming later this year
Chris Ratcliffe | Bloomberg | Getty Images Apple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, the companies said Tuesday. Affirm will surface as an option for U.S. Apple Pay…
Stocks making the biggest moves premarket: LLY, GM, SHOP
Check out the companies making headlines before the bell. Eli Lilly — Eli Lilly shares rose 2% after a panel of FDA advisors recommended the approval of its Alzheimer’s drug known as donanemab. General Motors — The automaker’s stock added…
Why high interest rates make it tough to tap home equity
Cultura Rm Exclusive/twinpix | Image Source | Getty Images Home equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial advisors. Total home equity for U.S. mortgage holders rose to more…
China’s consumers are spending on experiences. Travel stocks to watch
China’s biggest food delivery platform is seeing a trend: more spending on experiences. “More and more consumers are willing to allocate a larger portion of their budget to travel,” Wang Xing, CEO of Hong Kong-listed Meituan , said Thursday during…
The cost of buying famous TV and movie homes
The original house used in the “Home Alone” movies on Nov. 8, 2021. Erin Hooley/Chicago Tribune/Tribune News Service via Getty Images An array of iconic homes are for sale — and buyers will almost certainly pay extra for that pedigree….
Apollo’s co-president said it is one of the few private equity firms OK with higher rates
Back in December 2023, when the market was pricing in six or so rate cuts, Apollo Asset Management Co-President Scott Kleinman had a more contrarian view: He said he’d be betting against any rate cuts in 2024. That call so far has…
Retail investors may be a step closer to investing in unicorns
An alternative trading platform CEO wants to revolutionize private equity investing to help mitigate a stalling initial public offering market. So, Forge Global’s Kelly Rodriques partnered with Accuidity to launch the Forge Accuidity Private Market Index this spring. The ultimate…
Stocks making the biggest moves midday: GameStop, Vail Resorts, DocuSign, Skechers and more
These are the stocks posting the largest moves midday.
Trustee says $85 million of customer savings is missing
Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3, 2021. Al Drago | Bloomberg | Getty Images There is an $85…
Nium cuts valuation by 30% in funding round, eyes 2025 IPO
Westend61 | Westend61 | Getty Images AMSTERDAM, Netherlands — Financial technology startup Nium told CNBC Wednesday it raised $50 million in new funds from investors, and is targeting an initial public offering in the next 18 months. The fundraising round…
China’s Alibaba woos European, U.S. small businesses as it goes global
Alibaba.com is a platform run by the Chinese e-commerce company of the same name that focuses on overseas business customers. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese e-commerce giant Alibaba is ramping up its global expansion with…
Corporate card unicorn Payhawk plans acquisitions to expand in US
Saravutvanset | Room | Getty Images AMSTERDAM, Netherlands — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the corporate spend management world and take on big players like SAP. The startup said it…
Stocks making the biggest moves after hours: LULU, FIVE, CXM
Check out the companies making headlines after the bell : Lululemon Athletica — The athleisure maker popped 12% on strong first-quarter results that surpassed Wall Street’s estimates on the top and bottom lines. Lululemon posted earnings of $2.54 per share…
Ron Baron, big Tesla shareholder, supports Elon Musk’s $56 billion pay package
Ron Baron, founder of Baron Capital Anjali Sundaram | CNBC Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk’s controversial $56 billion pay package. The Baron Capital chairman and CEO…
The best banks in the Asia-Pacific region, according to customers
SINGAPORE — Customers in Asia-Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing environment. After a prolonged period of high inflation — and interest rates — banks in the region are starting to…
‘Roaring Kitty’ post seems to show trader held onto giant GameStop stake after Monday’s rally
Keith Gill, known on Reddit under the pseudonym DeepF——-Value and as Roaring Kitty, is seen on a fragment of a youtube video displayed on a smartphone screen in front of GameStop logo. Pavlo Gonchar | Lightrocket | Getty Images Meme…
E-Trade is debating whether to ban meme stock star Keith Gill: WSJ
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images E-Trade is having internal discussions about whether to ban Keith Gill — the meme stock trader who just disclosed a big position in GameStop — from the trading platform over…
GameStop shares surge as ‘Roaring Kitty’ trader posts account showing $116 million position
Meme stock GameStop rallied again Monday on speculation Keith Gill, the man who inspired 2021’s epic short squeeze, could have a huge position in the video game retailer. Shares in premarket trading were about 84% higher to $42.55. Gill, who goes…
‘No quid pro quo’ between Trump and oil execs, Gov. Burgum says
Kathryn Burgum aplauds as her husband Republican Governor of North Dakota Doug Burgum shakes hands with former US President and 2024 presidential hopeful Donald Trump during a Caucus Night watch party in Las Vegas, Nevada, on February 8, 2024. Patrick…
China’s growing e-commerce market is creating a new set of winners
Online shopping in China is widely expected to grow. It’s less clear how much longtime players such as Alibaba and JD.com will benefit. “You have relatively strong insurgent players coming in,” James Yang, Hong Kong-based partner at Bain and Company…
Major cryptocurrency shift due to SEC Ethereum ETF ruling: VanEck CEO
VanEck CEO Jan van Eck sees a major sentiment shift underway in the cryptocurrency market linked to the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. “This is really one of the most…
Bill Ackman selling Pershing Square stake at $10.5B valuation
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually…
Stocks making the biggest moves midday: GPS, MDB, DELL
Check out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 18% after executives cautioned that its gross margins could face more pressure in 2025. Lionsgate Studios — Shares rose 3% after Citi initiated coverage…
France aims to become global AI leader with backing from U.S. Big Tech
French President Emmanuel Macron speaks during a meeting with members of the AI sector at the Elysee Presidential Palace in Paris, France, on May 21, 2024. Yoan Valat | Afp | Getty Images PARIS — France is touting itself as…
DELL, MDB, ZS, GPS and more
Check out the companies making headlines in extended trading. Zscaler — Shares surged nearly 15% after Zscaler topped third-quarter expectations on the top and bottom lines. The cloud security company posted adjusted quarterly earnings of 88 cents per share on…
UBS backs $37 million round for climate fintech startup Doconomy
From left to right: Johan Pihl, Doconomy’s chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder. Doconomy Swedish climate-focused financial technology startup Doconomy told CNBC on Thursday that it’s raised 34 million euros ($36.9 million) from…
CRM, PATH, CPRI and more
The logo for Salesforce is displayed on the Salesforce Tower in New York City on March 7, 2019. Brendan Mcdermid | Reuters Check out the companies making headlines in extended trading: Salesforce — Shares plunged more than 14% after first-quarter…
Clean Energy Ventures raises $305 million to back early-stage climate startups
Solar panels and wind turbines in the Netherlands. Daniel Bosma | Moment | Getty Images Clean energy stocks may be underperforming in the public market, but there is still great appetite for companies focused on decarbonization in private markets —…
Chinese tourists pick cheaper destinations, fueling local spending
A night in China’s Guizhou province at the Cliff Hotel, pictured here, starts around $83, according to Trip.com, which says the hotel was built in 2023 with 34 rooms. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese travelers are…
Here’s when paying with cash can be better than credit card
Ryanjlane | E+ | Getty Images Sometimes, it pays to pay with cash. More merchants are offering a lower price to customers who use cash rather than credit card for a purchase. That means opting for paper over plastic…
Weight loss drug ETF bets big on Eli Lilly, Novo Nordisk
A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs. Roundhill Investments’ GLP-1 & Weight Loss ETF (OZEM), which began trading last week, pairs leaders Eli Lilly and Novo Nordisk with players developing new…
Alibaba’s global arm signs David Beckham as international e-commerce brand ambassador
Alibaba’s international e-commerce platform AliExpress is a UEFA Euro 2024 sponsor and has signed David Beckham as its global brand ambassador. AliExpress BEIJING — Soccer star David Beckham will promote Alibaba‘s international e-commerce platform, AliExpress, in its biggest global brand…
Clarity? In this economy?
Things look solid with the election five months out, but Americans are torn between hopeful and stuck on a “hamster wheel.”
Ark Invest’s Cathie Wood says lower prices and rates will ‘activate coiled equities’
Ark Invest CEO Cathie Wood believes stocks are ready to spring upward with easing price pressures and lower interest rates on the horizon. “In the fourth quarter, as the Fed’s dot plot began pointing to much lower interest rates, the bull…
Why you may be saving more in your 401(k) — and not even know it
Aleksandarnakic | E+ | Getty Images You may be saving more money for retirement and not even know it. An increasing share of employers are automating how people save in their company 401(k) plans, in a bid to overcome the…
How private equity rolled Red Lobster
Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was America’s largest casual dining operation, serving 64 million customers a year in almost 600 locations across 44 states and Canada. Its…
Stocks making the biggest moves midday: WDAY, LCID, TOST, DECK
Check out the companies making headlines in midday trading: Ross Stores — The discount retailer popped nearly 10% on strong first-quarter results. Ross Stores posted earnings of $1.46 per share on $4.86 billion in revenue. That topped the earnings per…
Stocks making the biggest moves midday: NVDA, BA, LYV
Check out the companies making headlines in midday trading. Nvidia — The chipmaker and artificial intelligence beneficiary spiked 9.3% after Nvidia posted strong fiscal first-quarter results , issued better-than-expected guidance and announced a 10-for-1 stock split. Other AI and related…
Stocks making the biggest moves after hours: ROST, INTU, WDAY, DECK
Check out the companies making headlines in extended trading. Ross Stores – Shares of the discount clothing store jumped 7%. Ross Stores reported first quarter earnings of $1.46 per share on revenue of $4.86 billion. Analysts polled by LSEG anticipated…
China’s ‘Magnificent Seven’ gets new ETF
Roundhill Investments wants to mimic the success of its Magnificent Seven ETF (MAGS) in China. The firm’s CEO Dave Mazza plans to launch the Lucky Eight ETF, which aims to be China’s answer to the success of Wall Street’s big…
Customers say they can’t access funds
Sarinyapinngam | Istock | Getty Images A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent court documents. Since last…
DocuSign CEO says wants to stay public after PE takeover speculation
The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Contract management platform DocuSign is committed to remaining a public company and is working to convince investors…
Stocks making the biggest moves after hours: URBN, VSAT, TOL
Check out the companies making headlines after the bell : Urban Outfitters — The clothing retailer added nearly 8% after beating estimates on its first-quarter results. Urban Outfitters reported adjusted earnings of 69 cents per share on $1.2 billion of…
China’s sweeping measures to prop up the property sector will need time
A real estate construction site in Wanxiang City, Huai ‘an City, East China’s Jiangsu province, May 17, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — China’s sweeping moves on Friday to increase support for real estate will…
JPMorgan stock is too expensive
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty…
April retail sales, industrial production, investment data
Pictured here is a BYD factory producing new energy-powered trucks in Huai’an, China, on February 21, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial…
China’s hot EV market no longer focused on lower prices. Stocks to watch
Winning in China’s electric car market is no longer just about having the cheapest price. Despite new U.S. tariffs , the Chinese electric car industry is already moving into a new phase of competition no longer centered on sticker prices…
Stocks making the biggest moves premarket: GameStop, Reddit and more
Check out the companies making headlines before the bell: GameStop — Shares dropped more than 20% after the video game retailer said it plans to sell 45 million common shares of its stock. It also posted preliminary results that showed…
Crypto fraud and poor regulation may jeopardize ether ETF approval
The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. But it will likely fail due to a lack of an over-arching regulatory framework for all cryptocurrencies, according to Ric…
Walmart bubble due to high-income grocery spending, warns Bill Simon
Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat on quarterly results, former Walmart U.S. CEO Bill Simon warns they’ll be hard to keep. “The Walmart experience is better…
Stocks making the biggest moves midday: GME, RDDT, AMD, HOOD
Check out the companies making headlines in midday trading: GameStop — Shares tumbled 19.7% after the video game retailer said it plans to sell up to 45 million class A common shares in an at-the-market offering. The sale comes after…
HSBC shares fall amid reports top shareholder Ping An may sell shares
Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019. Anthony Kwan | Bloomberg | Getty Images Shares of HSBC Holdings fell over 3% in Hong…
Canada Goose (GOOS) Q4 earnings report 2024
Chris So | Toronto Star | Getty Images Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was expecting year-over-year sales growth for fiscal year 2025. Here’s how…