NVDA, BA, SNAP, TSN and more
Check out the companies making headlines in midday trading. Nvidia — The chipmaker climbed nearly 5% and reached an all-time high after Goldman Sachs increased its price target to $800 per share from $625. Catalent , Novo Nordisk — The…
Delivery Hero (DHER) unaudited earnings released after 26% stock plunge
Delivery Hero CEO Niklas Östberg speaking at the Noah tech conference in Berlin on June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Delivery Hero published preliminary financial results on Monday, a week earlier than planned, that showed the…
Time to bottom fish in Chinese stocks? Names analysts say can bounce
Chinese stocks have given up much of their recent gains as investors debate whether the bottom is really in. Fresh data only seem to reinforce how China’s problems can’t be fixed in a few days, while questions swirl around how…
Superdry shares soar more than 100% as company considers going private
Tristan Fewings/Getty Images LONDON — Superdry shares soared more than 100% on Friday, as the embattled British fashion retailer confirmed that co-founder and CEO Julian Dunkerton is considering taking it private. The stock peaked at 48.55 pence (62 cents) per…
Too exposed to Big Tech? These ETFs may help broaden out your risk
Big Tech’s market dominance may push more investors to equal-weight exchange-traded funds, according to VettaFi’s Todd Rosenbluth. “Investors are getting nervous that too much money is concentrated in a handful of stocks within the broader ETFs that they have available…
Why a ‘death note’ is as important as having a will
Kathrin Ziegler | Digitalvision | Getty Images “Sorry I am dead.” This is how Doug Boneparth, a certified financial planner, starts what he calls a “death note” to his wife, Heather. Such a document, he says, is distinct from other…
Apple, Intel, Amazon and more
Check out the companies making headlines in midday trading. Meta Platforms — The Facebook and Instagram parent soared 20% after reporting a threefold rise in fourth-quarter profit and declaring its first dividend, to be paid in late March. Revenue jumped…
META, AMZN, AAPL and more
Check out the companies making headlines after the bell . Amazon — Shares gained nearly 10% after the e-commerce giant reported fourth-quarter results that exceeded analysts’ expectations . Amazon reported earnings of $1 per share on revenue of $169.96 billion,…
‘Financial sextortion’ of kids is escalating. What parents can do
Cavan Images | Cavan | Getty Images “Financial sextortion,” a type of cybercrime that targets teens and tweens, is on the rise. Reports of financially motivated sextortion involving minors increased at least 20% from October 2022 to March 2023 relative…
Deutsche Bank smashes profit estimates and boosts shareholder returns
Deutsche Bank on Thursday smashed fourth-quarter earnings expectations, reporting net profit of 1.3 billion euros ($1.4 billion) and announcing a further 1.6 billion euros in shareholder returns for 2024. The quarterly net profit figure marked an almost 30% fall from…
Officials leave rates unchanged, as expected
WASHINGTON — The Federal Reserve on Wednesday sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting. In a substantially changed statement that concluded the central bank’s…
U.S.-China fentanyl talks have a ‘productive’ start, security advisor says
Chinese Minister of Public Security Wang Xiaohong (C) announces the launch of the U.S.-China Counternarcotics Working Group next to U.S. Deputy Assistant to the President and Deputy Homeland Security Advisor Jen Daskal (center L) at the Diaoyutai State Guesthouse in…
A change to this one clause could be the most important part of the Fed meeting
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Dec. 13, 2023. Liu Jie | Xinhua News Agency | Getty Images Immediately after the Federal Reserve wraps up its meeting this week,…
Alibaba-backed Xreal claims it’s an AR glasses unicorn
Xreal Air 2 in action. Xreal’s augmented reality glasses is compatible with gaming consoles and can allow users to play games on a large virtual screen Xreal BEIJING — Alibaba-backed augmented reality glasses company Xreal said Monday it received $60…
Workers are sour on the job market — but it may not be warranted
Maskot | Digitalvision | Getty Images Workers are sour on the job market — but that pessimism may be somewhat misplaced. The Glassdoor Employee Confidence Index in January fell to its lowest level since 2016, when the career site began…
China plans to merge 3 bad debt asset managers with its largest sovereign wealth fund, state media reports
Multi exposure of virtual abstract financial graph interface on Chinese flag and sunset sky background, financial and trading concept Igor Kutyaev | Istock | Getty Images China plans to merge three of its largest state-owned bad debt asset managers with…
Why one expert called earned wage access ‘payday lending on steroids’
Fotostorm | E+ | Getty Images Millions of American workers are paying for early access to their paychecks. In some cases, it can come with a steep price. So-called “earned wage access” programs, which operate either directly to the consumer…
LVMH shares jump over 12% as earnings point to luxury sector resilience
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024. Benoit Tessier | Reuters LVMH shares jumped more than 12%…
Stock market to ‘nowhere?’ Experts see more trouble ahead in China
China may have trouble attracting investors again this year. ETF Action’s Mike Akins sees challenges tied to the country’s ability to generate stock market returns. “It’s kind of the old cliché. Fool me once, shame on you. Fool me twice,…
Why weakness in small caps may be a short-term setback
Small cap stocks may be on the cusp of a turnaround. According to Fairlead Strategies market technician Katie Stockton, the Russell 2000‘s underperformance so far this year is likely a near-term setback. “We’re kind of convinced that we’ll see small…
Stocks making the biggest moves midday: INTC, V, SAVE
Check out the companies making headlines in midday trading. Capital One Financial — Shares rose 4%, reaching a new 52-week high. On Thursday, Capital One posted fourth-quarter revenue of $9.51 billion, while analysts polled by LSEG called for $9.46 billion….
JPMorgan Chase shuffles top leaders under Jamie Dimon
Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC JPMorgan Chase on Thursday said several executives considered…
TSLA, AAL, BA, HUM and more
Check out the companies making the biggest moves midday: Tesla – Tesla shares dropped more than 12%, a day after the EV maker reported weak auto revenue and warned of slower growth in 2024. Several firms cut their share price…
China is ramping up stimulus to boost market confidence. Is it enough?
BEIJING, CHINA – NOVEMBER 08: Pan Gongsheng, governor of the People’s Bank of China and head of the State Administration of Foreign Exchange, speaks during the Annual Conference of Financial Street Forum 2023 on November 8, 2023 in Beijing, China….
Klarna to debut $7.99 monthly plan ahead of IPO
Swedish buy now, pay later firm Klarna unveils a $7.99 monthly subscription plan called Klarna Plus Courtesy: Klarna Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead of an…
China’s EV players ramp up competition with Tesla using new technology
The front seats of the Aito M9 SUV can be adjusted to create reclining chairs for the second row. Passengers can watch a movie on the roll-down projector screen while storing drinks in a refrigerator compartment. CNBC | Evelyn Cheng…
Stocks making the biggest moves midday: UAL, TKO, MMM, BABA
Check out the companies making headlines in midday trading. United Airlines – The airline stock popped nearly 7% a day after the company reported higher-than-expected earnings and revenue for the fourth quarter. The carrier hit its full-year adjusted earnings target…
Watchdog critical of former Fed officials in stock trading controversy
The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images A watchdog review into market trading from two former high-ranking Federal Reserve officials criticizes…
Why that ‘last mile’ of the inflation fight may be more challenging
A man walks past a barbershop in Los Angeles. Robyn Beck | Afp | Getty Images Inflation in the U.S. economy is on the retreat. But the road to ultimate victory may be harder than what’s come already, some economists…
China vs. India? Where one Asia investment manager is buying
India stocks have run up so high that China looks relatively attractive, said Abrdn’s Xin-Yao Ng, Singapore-based investment manager of Asian equities. “Just take a fundamental view, there is a lot of value in China,” he said in an interview…
APPL, HUM, TSM, BIRK and more
Check out the companies making the biggest moves midday. Apple — Shares of the iPad maker jumped 3.26%, leading the rebound in the Nasdaq Composite. The rally came after Bank of America upgraded Apple to buy from neutral. The bank…
Spot bitcoin ETFs will make new market options, according to experts
Exchange-traded fund experts anticipate spot bitcoin ETFs, which debuted this month, to spark a new wave of crypto products. Cboe Global Markets’ Catherine Clay believes options are a natural progression for bitcoin ETFs. “We believe that the utility of the…
Former NBA All-Star Danny Ainge sees demand for international players
The Utah Jazz is casting its net wide for international players. “We have scouts all over the world — almost every basketball country throughout the world,” Danny Ainge, the team’s CEO and governor, told CNBC’s “Halftime Report” on Friday. The…
Stocks making the biggest moves premarket: SAVE, NVDA, W
Check out the companies making headlines before the bell. Wayfair — Shares of the digital home goods retailer surged nearly 12% premarket after the company said it will lay off 13% of its global workforce , including 19% of its…
W, IRBT, SAVE, CELH and more
Check out the companies making headlines in midday trading. Wayfair — Shares of the digital home goods retailer surged 10% after the company said it will lay off 13% of its global workforce , including 19% of its corporate team,…
Stocks making the biggest moves after hours: IRBT SMCI, PPG, JBHT
Check out the companies making headlines after the bell : PPG Industries — Shares of the paint and coatings firm slid 1% after PPG Industries issued guidance for first-quarter earnings that came in below analyst expectations, according to FactSet. The…
Morgan Stanley CEO Ted Pick focused on hitting financial targets
Morgan Stanley‘s new CEO, Ted Pick, on Thursday expressed confidence his bank will hit financial targets of $10 trillion in client assets and a 20% return. Pick, a three-decade Morgan Stanley veteran who took over this month, said he has…
Stocks making the biggest moves after hours: DFS, AA, TALO
Check out the companies making headlines after hours. Discover Financial Services — Shares dropped nearly 7% after Discover Financial Services reported fourth-quarter results. The financial services company reported quarterly revenue of $4.20 billion that topped estimates of $4.10 billion, according…
Jamie Dimon warns on U.S. economy in 2024, 2025
JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks. “You have all these very powerful forces that are going to be affecting…
OpenAI CEO Sam Altman speaks out on being fired by his board
Sam Altman, CEO of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Chris Ratliffe | Bloomberg | Getty Images DAVOS, Switzerland — OpenAI founder and…
Goldman Sachs (GS) earnings 4Q 2023
Goldman Sachs on Tuesday posted fourth-quarter results that topped analysts’ expectations on better-than-expected asset and wealth management revenue. Here’s what the company reported versus what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, expected: Earnings: $5.48 per share;…
Stocks making the biggest moves midday: United Airlines, CVS, Tesla, Citi, DocuSign and more
These are the stocks posting the largest moves in midday trading.
Good chance U.S. passes stablecoin laws this year, Circle CEO says
A picture taken in London shows gold-plated souvenir cryptocurrency tether, bitcoin and ethereum coins arranged beside a screen displaying a trading chart, May 8, 2022. Justin Tallis | Afp | Getty Images The CEO of Circle, the company behind popular…
Wells Fargo (WFC) earnings Q4 2023
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over year. “As we look forward, our business performance remains…
Goldman Sachs picks China stocks even if Japan’s lost decades repeat
The China playbook is changing, after decades of rapid growth. Whether the country is headed toward an extreme of Japan-style stagnation remains to be seen. China’s attempt to transition to what Beijing calls high-quality growth will take time to play…
Why spot ETFs may be a game changer for bitcoin
The Securities and Exchange Commission’s approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing. Ark Invest CEO and Chief Investment Officer Cathie Wood is behind one of the new ETFs. Her firm partnered…
Bank of America (BAC) earnings Q4 2023
Bank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges. Here’s what the company reported compared to Wall Street expectations, according to LSEG, formerly known as Refinitiv: Earnings per share: 70 cents,…
Here’s where prices fell in December 2023, in one chart
Extreme-photographer | E+ | Getty Images As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation. In other words: Americans are seeing prices decline for certain items. Those pullbacks have largely…
China’s Rokid rival to Apple’s Vision Pro raises $70 million
Chinese AR glasses and software company Rokid announced it raised $70 million in a funding round led by the government of Hefei city. Seen here, a demonstration for the company’s augmented reality helmet. Philip Fong | Afp | Getty Images…
Coinbase, Robinhood shares are lower despite bitcoin ETF approval
SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for…
China will make foreign investment easier, vice premier tells foreign execs
SAN FRANCISCO, CALIFORNIA – NOVEMBER 10: U.S. Secretary of the Treasury Janet Yellen (R) greets People’s Republic of China (PRC) Vice Premier He Lifeng at the start of a bilateral meeting at the Ritz Carlton Hotel on November 10, 2023…
Stocks making biggest moves midday: Amazon, Lennar, GoodRX, Gilead
Check out the companies making headlines in midday trading. EchoStar — EchoStar announced a corporate reorganization one week after closing its merger with Dish Network, including retaining Houlihan Lokey as financial advisor to help evaluate “potential strategic alternatives” that The…
Stocks making the biggest moves midday: U, JBLU, JNPR
Check out the companies making headlines in midday trading. Unity Software — The gaming technology stock dropped 8% after announcing Monday it’s cutting 1,800 positions , or about 25% of its workforce, as part of broader restructuring efforts. Hewlett Packard…
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…
Raymond James breaks down its top AI picks for 2024
Mega-cap technology titans are racing to develop generative artificial intelligence technology, and Raymond James thinks just a few key names will win, as they continue to influence the next phase towards commercialization. “Despite clear market optimism, we actually think GenAI…
A few U.S.-listed China stocks doubled in 2023. Winners to watch
The top-performing U.S.-listed Chinese stocks for 2023 weren’t well-known internet names. Instead of Alibaba — down more than 10% for the year — it’s Temu parent PDD Holdings that outperformed with gains of nearly 80% for 2023 as of Thursday,…
JD, New York Times, Iovance
Check out the companies making headlines before the bell. Tesla — The electric vehicle maker rose nearly 1%, adding to previous gains on news that it will revamp its Model Y vehicle. Tesla plans to begin refreshing the model starting…
Stocks making biggest moves midday: Fisker, Lyft, Boston Scientific
Check out the companies making headlines in midday trading. Fisker — The electric vehicle stock gained nearly 15.9% after Fisker reported it grew deliveries by more than 300% from the third to fourth quarter. The company added that it intends…
LYFT, FSR, UNH and more
Check out the companies making headlines before the bell. Fisker — Shares of the electric vehicle company popped 9.3% after Fisker said it grew deliveries by more than 300% between the third and fourth quarter, helped by strong demand for…
Iovance, New York Times, Penn, JD
Check out the companies making headlines in midday trading. Regeneron Pharmaceuticals — Shares of the biotech firm edged less than 1% higher, adding to Wednesday’s gains. The moves follow a judgment in Regeneron’s favor in a West Virginia patent lawsuit…
China’s Xiaomi unveils first EV in bid to compete with Porsche, Tesla
Chinese smartphone company Xiaomi revealed on Dec. 28, 2023, its forthcoming electric car, the SU7 sedan. CNBC | Evelyn Cheng BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China’s oversaturated electric vehicle market and compete…
Does the tax on your year-end bonus check seem high? Here’s why
Jgi/tom Grill | Tetra Images | Getty Images Does your year-end bonus look smaller than expected? Tax withholding is a likely culprit, but Uncle Sam may pay some back when you file an annual tax return, experts said. Bonuses are…
INTC, NIO, FDX, MANU and more
Check out the companies making headlines in midday trading. Intel — The semiconductor stock added 5.2% after Israel’s government announced a $3.2 billion grant. The grant will be for Intel to build a $25 billion chip plant in southern Israel,…
Stocks making the biggest moves premarket: Intel, Synopsys and more
Check out the companies making headlines before the bell. Intel — The semiconductor stock climbed 2.2% on news that Israel’s government agreed to grant Intel $3.2 billion for a new $25 billion chip plant the company plans to build in…
China’s EV ambitions are getting bolder. One stock expected to soar
China’s new car market is now 40% electric and hybrid, industry data show. That contrasts with a mere 7.2% across the United States, JL Warren Capital’s Junheng Li said in a note, adding that penetration is only expected to tick…
China’s potential new gaming rules will hit smaller developers more
Mobile games in China range from League of Legends-like Honor of Kings to Source: Apple Inc. BEIJING — China’s proposed gaming rules would hit smaller developers more than large ones, while also reducing overall online advertising revenue, according to UBS….
NKE, BMY, COIN and more
Check out the companies making headlines in premarket trading. Nike — Shares tumbled 12.1% after the athletic retailer slashed its sales guidance and announced plans to cut costs by around $2 billion over the next three years. Nike also posted…
Here’s when you can visit a national park for free in 2024
Grand Canyon National Park Jacobs Stock Photography | Photodisc | Getty Images The National Park Service is offering free admission to U.S. national parks on six days in 2024. There are more than 400 national parks in the U.S. Most…
Stocks making the biggest moves midday: NKE, RKLB, BMY, NTES
Check out the companies making headlines in midday trading. Nike , Foot Locker — Shares of Nike plummeted 11.8% after the athletic apparel company slashed its revenue outlook and announced it would cut about $2 billion in costs over the…
PARA, SPOT, BB, KMX and more
Check out the companies making headlines in midday trading. Spotify — The streaming music stock gained 2.2% after Pivotal Research upgraded Spotify to buy from hold. The Pivotal note said the firm sees a “renewed focus on financial discipline” and…
UK and Switzerland sign new post-Brexit financial services deal
The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal. Sopa Images | Lightrocket | Getty Images LONDON — The U.K. and Switzerland on Thursday signed a post-Brexit financial services deal designed…
Citigroup to close global distressed-debt unit
A trader works underneath a monitor displaying Citigroup Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on June 3, 2016. Michael Nagle | Bloomberg | Getty Images Citigroup is shuttering another Wall…
UK inflation slide fuels rate cut bets and jolts markets
LONDON, UK – Sept. 2021: People seen dining outdoors in Soho in London in September 2021. SOPA Images | LightRocket | Getty Images LONDON — U.K. inflation fell by more than expected in to hit 3.9% in November, in the…
Stocks making the biggest moves midday: AFRM, CHWY, KVUE, ENPH
Check out the companies making headlines in midday trading. Chewy — Shares popped 9.2% after Jefferies initiated coverage of the pet e-commerce company with a buy rating and $27 price target, which suggests about 25% upside from Monday’s close. Jefferies…
Netflix, SunPower, Adobe and more
Check out the companies making headlines in midday trading. Etsy — The online merchandise platform saw shares rebound more than 4% after a steep sell-off last week. Etsy announced last Wednesday that it is cutting 11% of its workforce ,…
Metaverse firm Improbable sells gaming unit for $97 million
Herman Narula, co-founder and CEO of Improbable, speaks during a session at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images Metaverse company Improbable has sold one of its key gaming ventures to London-listed…