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Showing posts from May, 2024

Stocks making the biggest moves premarket: Dell Technologies, Ulta Beauty, Ambarella, Gap and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/tvJ8RUG via IFTTT

France is aiming to become a global AI superpower — but not without help from U.S. Big Tech

The Viva Technology conference in Paris last week was buzzing with talk about how far France has come as a leader in artificial intelligence. from Finance https://ift.tt/D5nUYkq via IFTTT

Stocks making the biggest moves after hours: Dell Technologies, MongoDB, Zscaler, Gap and more

These are the stocks posting the largest moves in after-hours trading. from Finance https://ift.tt/HTK472E via IFTTT

Bank of America CEO says U.S. consumers and businesses have turned cautious on spending

Consumers and businesses are wrestling with inflation and borrowing costs that remain higher than they are accustomed to. from Finance https://ift.tt/gNeEzw5 via IFTTT

Fintech targeted by climate skeptics banks $37 million from likes of UBS, Commerzbank

Swedish climate fintech Doconomy told CNBC it's raised $36.9 million in a Series B round co-led by the venture arms of UBS and CommerzBank. from Finance https://ift.tt/J3vLA9z via IFTTT

BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%

Johan Tjarnberg, CEO of Trustly, told CNBC his firm still needs time to prove the value of its open banking tech to investors before going public. from Finance https://ift.tt/1mOQnB9 via IFTTT

UBS overhauls wealth management leadership in wider board shake-up

The new appointments provide an important signal on the future direction of the bank as it tees up a replacement for outgoing CEO Sergio Ermotti. from Finance https://ift.tt/IhAMpkf via IFTTT

Stocks making the biggest moves after hours: Salesforce, UiPath, Capri, Pure Storage and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/gETcWrk via IFTTT

Clean Energy Ventures raises $305 million to back early-stage climate startups

Clean energy stocks may be underperforming in the public market, but in private markets there is still appetite for companies focused on decarbonization. from Finance https://ift.tt/N0x1jQr via IFTTT

IMF upgrades China's growth forecast to 5% on 'strong' first quarter and policy measures

The International Monetary Fund raised its forecast for China's growth this year to 5%, from 4.6% previously, due to "strong" first quarter figures and policy moves. from Finance https://ift.tt/Uag4wF3 via IFTTT

Chinese travelers are opting for lower-cost domestic destinations over foreign tourist spots

Cost-conscious Chinese consumers are increasingly picking cheaper tourist destinations at home instead of going overseas. from Finance https://ift.tt/X9QN8HM via IFTTT

Stocks making the biggest moves after hours: American Airlines, Robinhood, Box and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/cDpzRFk via IFTTT

Stocks making the biggest moves midday: GameStop, U.S. Cellular, Nvidia, Norwegian Cruise Line and more

These are the stocks posting the largest moves midday. from Finance https://ift.tt/qjDvk4m via IFTTT

Stock trade settlement moves to single day as GameStop mania underscores need for faster transactions

Wall Street is now required to settle stock trades faster after a new rule from the Securities and Exchange Commission takes effect Tuesday. from Finance https://ift.tt/e4IAq8r via IFTTT

Stocks making the biggest moves premarket: GameStop, Nvidia, Airbnb, Viking and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/oSY8KtR via IFTTT

This new weight loss drug ETF bets big on two of the industry's leading players

While Novo Nordisk and Eli Lilly have soared in the past year, Roundhill Investments sees bigger gains ahead for the GLP-1 drugmakers. from Finance https://ift.tt/S5bxBQq via IFTTT

Alibaba's global arm signs David Beckham as international e-commerce brand ambassador

Soccer star David Beckham has signed his latest advertising deal with Alibaba's international e-commerce platform AliExpress, the business unit said Monday. from Finance https://ift.tt/riwEAfB via IFTTT

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.” from Finance https://ift.tt/FSiR4wk via IFTTT

Cash discounts, while still rare, are up over 60% from 2015. Here's how much you can save

More merchants are giving discounts to consumers who pay with cash, or putting surcharges on credit card purchases. from Finance https://ift.tt/dSzYC1o via IFTTT

Chinese companies are looking overseas for growth. Morgan Stanley says this is the stock to play the trend

A U.S.-listed Chinese company that makes most of its money overseas could soar more than 75%, according to Morgan Stanley's newly updated forecasts. from Finance https://ift.tt/25CJZPa via IFTTT

Rise of resort day passes offers travelers luxury on a budget

ResortPass holds 95% of the day-guest market and has partnered with luxury hotels including the Waldorf-Astoria, JW Marriott and Fontainebleau. from Finance https://ift.tt/0s47zY6 via IFTTT

Wall Street ponders what happens to booming private credit market when you-know-what hits the fan

The CEO of one of the largest private-credit firms defended the industry and how it will act in times of stress. from Finance https://ift.tt/5FkKPLa via IFTTT

Stocks making the biggest moves premarket: Ross Stores, Intuit, Workday, Guardant Health and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/LQZ7tKB via IFTTT

Stocks making the biggest moves after hours: Ross Stores, Intuit, Workday and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/Z3QjOgs via IFTTT

Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment

The company will pay a $15 million fine for alleged violations of the Clean Water Act as part of the federal settlement. from Finance https://ift.tt/z7ENXqw via IFTTT

Stocks making the biggest moves after hours: Nvidia, Snowflake, VF Corp. and more

See which stocks are posting big moves after the bell. from Finance https://ift.tt/0lgxv5n via IFTTT

These are the 3 big risks to the stock market, economist says

Federal Reserve policy, a surprise recession and disappointing future earnings for companies like Nvidia could rein in the stock euphoria, one analyst said. from Finance https://ift.tt/5ILyae3 via IFTTT

Federal Reserve minutes indicate worries over lack of progress on inflation

The Federal Reserve on Wednesday released minutes from its April 30-May 1 policy meeting. from Finance https://ift.tt/aLN80hv via IFTTT

DocuSign chief says company wants to stay public after reports of private equity takeover interest

DocuSign CEO Allan Thygesen said the online contract-signing platform is committed to staying public after rumored takeover interest from private equity firms. from Finance https://ift.tt/SRMx1o5 via IFTTT

Citi fined $79 million by British regulators over fat-finger trading and control errors

British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls. from Finance https://ift.tt/CJfoeuc via IFTTT

Chinese EV company Xpeng shares surge 13% after forecasting growth in car deliveries

Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an upbeat outlook for second-quarter deliveries. from Finance https://ift.tt/LnyBkoD via IFTTT

Stocks making the biggest moves after hours: Urban Outfitters, Viasat, Toll Brothers and more

See which stocks are posting big moves after the bell. from Finance https://ift.tt/w8bSisX via IFTTT

Family offices become prime targets for cyber hacks and ransomware

With their large wealth and small staffs, family offices have become lucrative targets for hackers and cybercriminals, experts say. from Finance https://ift.tt/2sVH4TE via IFTTT

China's sweeping measures to prop up the property sector will need time to show results

China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. from Finance https://ift.tt/4SLm1Ng via IFTTT

Jamie Dimon says JPMorgan stock is too expensive: 'We're not going to buy back a lot'

JPMorgan Chase has seen its shares surge 40% over the past year, reaching a 52-week high on Monday before Dimon's comments dinged the stock. from Finance https://ift.tt/zD1GTI8 via IFTTT

JPMorgan CEO Jamie Dimon signals retirement is closer than ever

The ambiguity of Dimon's plans has made succession timing at JPMorgan one of the persistent questions for the bank's investors and analysts. He is 68. from Finance https://ift.tt/0anL74l via IFTTT

Nvidia is cheap heading into major earnings report, tech investor Dan Niles says

The investor also said to expect a beat-and-raise as the chip giant reports results. from Finance https://ift.tt/KE284y6 via IFTTT

Flying is cheaper in 2024. But not for some destinations

Average airline ticket prices are less expensive than they were a year ago. Flights to some areas, especially those abroad, are still high. from Finance https://ift.tt/E9eAg81 via IFTTT

Stocks making the biggest moves premarket: Apple, Nvidia, Li Auto and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/qJ4wgLT via IFTTT

China's hot EV market is no longer focused solely on lower sticker prices. Which stocks to watch

Despite new U.S. tariffs, Chinese electric cars are already moving into a new phase of competition that's no longer centered only on selling prices. from Finance https://ift.tt/urAYmE9 via IFTTT

No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month

The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether ETFs. from Finance https://ift.tt/54lfY8q via IFTTT

HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake

Ping An last year had supported a shareholder motion to spin off HSBC's Asia business and establish fixed dividends. The motion was eventually defeated. from Finance https://ift.tt/rLHNqXE via IFTTT

China retail sales, investment data miss expectations in April

China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust. from Finance https://ift.tt/yqEdRrM via IFTTT

Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

Walmart may just be a pit stop for high-income consumers. from Finance https://ift.tt/SERGjBA via IFTTT

Canada Goose jumps 16% after the company reports growth surge in China

Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter. from Finance https://ift.tt/LbWUSPR via IFTTT

The Dow just hit 40,000. Here's a look at how it got here

The move comes as investors cheer the prospects of AI boosting corporate profits and the Federal Reserve possibly cutting rates later this year. from Finance https://ift.tt/3ljNM0G via IFTTT

Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more

These are some of the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/giQ4JHb via IFTTT

Stocks making the biggest moves after hours: Chubb, Cisco Systems, Palo Alto Networks and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/Q6T2NIa via IFTTT

Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying

His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion. from Finance https://ift.tt/F21X7Ty via IFTTT

Stocks making the biggest moves premarket: AMC, GameStop, Boeing, Dell and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/oPIMfYp via IFTTT

GameStop, AMC extend gains but broader meme stock rally shows signs of fizzling

The meme stock trading frenzy showed signs of divergence early on its third day, as GameStop and AMC saw smaller gains in pre-trading, while Koss shares fell. from Finance https://ift.tt/FEspg3z via IFTTT

China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data

As China's economy moves into the second quarter of the year, a few indicators are raising expectations for monetary policy easing. from Finance https://ift.tt/bRpDksj via IFTTT

Stocks making the biggest moves after hours: Boot Barn, Nextracker, dLocal and more

See which stocks are posting big moves after the bell. from Finance https://ift.tt/tzZFeRH via IFTTT

Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam

Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers' Association in Amsterdam. from Finance https://ift.tt/0Fb16Lr via IFTTT

Stocks making the biggest premarket moves: GameStop, AMC, Alibaba, Sony and more

These are the stocks posting the largest moves in the premarket. from Finance https://ift.tt/guKoUIO via IFTTT

AMC raises $250 million in stock sale during meme rally, shares still up 110% in premarket

On Monday, movie theater operator AMC sold 72.5 million shares in an at-the-market equity offering. from Finance https://ift.tt/XloZMcV via IFTTT

Fintech firm Klarna says 90% of its employees are using generative AI daily

"Buy now, pay later" firm Klarna says generative AI has seen substantially high adoption among its 5,000-strong workforce. from Finance https://ift.tt/vfihXOB via IFTTT

Freetrade, Britain's answer to Robinhood, says its CEO is stepping down

British stockbrokerage platform Freetrade told CNBC exclusively Monday that its long-time CEO Adam Dodds has stepped down. from Finance https://ift.tt/Tt6fleH via IFTTT

GameStop shares jump 30% as trader 'Roaring Kitty' who drove meme craze posts again

GameStop shares rallied in the premarket Monday after "Roaring Kitty" posted for the first time in roughly three years. from Finance https://ift.tt/pQMrqNR via IFTTT

‘I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes

A group of around 1,500 homebuyers have yet to see the apartments they paid for about eight years ago, as challenges persist in China's property sector. from Finance https://ift.tt/rSlBx0j via IFTTT

Chinese consumer stocks to buy even if the overall market rally fades

Almost as quickly as the China stock rally happened, several investment analysts have been swift to point out its weaknesses. from Finance https://ift.tt/CDT3gjo via IFTTT

This inflation-focused ETF may be in a sweet spot

Horizon Kinetics' James Davolos thinks his firm's inflation-focused ETF is "ideally positioned" for gains this year. from Finance https://ift.tt/0Fkf2GK via IFTTT

Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting

It took a total of 12 months and a number of iterations for Yu Shu to finish the final version of the Munger bust. from Finance https://ift.tt/jHs83bD via IFTTT

The rule capping credit card late fees at $8 is on hold — here’s what it means for you

The outcome preserves, at least for now, a key revenue stream for the U.S. card industry. The CFPB said the rule would've saved Americans $10 billion a year. from Finance https://ift.tt/IVjvBXE via IFTTT

Stocks making the biggest moves midday: Novavax, Taiwan Semiconductor, Sweetgreen and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/LASVQGF via IFTTT

Stocks making the biggest moves premarket: Yelp, Sweetgreen, Novavax, Akamai Technologies and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/rJHQbKY via IFTTT

European companies in China are under pressure from slower growth, overcapacity

European companies are finding it harder to make money in China as growth slows and overcapacity pressures increase, according to an annual business survey. from Finance https://ift.tt/s87LtEJ via IFTTT

Stocks making the biggest moves after hours: Yelp, Sweetgreen, Akamai Technologies and more

These are the stocks posting the largest moves in after hours trading. from Finance https://ift.tt/lUWoDsH via IFTTT

A rare hostile takeover bid in Europe's banking sector has shocked markets

Spanish bank BBVA caught markets by surprise after it announced a rare hostile takeover bid for domestic rival Banco Sabadell. from Finance https://ift.tt/3rOAGfF via IFTTT

Stocks making the biggest moves after hours: Airbnb, Robinhood, Arm Holdings, Equinix and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/BNAM59j via IFTTT

Robinhood climbs after reporting record earnings for first quarter

Shares of the brokerage firm rose after first-quarter results topped Wall Street expectations. from Finance https://ift.tt/PWIKRud via IFTTT

Stocks making the biggest moves midday: Uber, Intel, Lyft, Shopify, Rivian and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/UbT9Fzx via IFTTT

British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions

TS Anil, CEO of Monzo, told CNBC his firm plans to use the cash to build new products and accelerate its international expansion plans. from Finance https://ift.tt/cX04R7j via IFTTT

HD Hyundai Marine Solution doubles in South Korea's largest IPO since January 2022

Shares traded as high as 125,000 South Korean won ($91.55) apiece, representing a 49.88% surge from the IPO price of 83,400 won. from Finance https://ift.tt/g5QdTFy via IFTTT

Stocks making the biggest moves after hours: Reddit, Lyft, Rivian, Twilio and more

These are the stocks posting some of the largest moves in extended hours trading. from Finance https://ift.tt/lVTxJOa via IFTTT

Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term

Druckenmiller said he reduced his Nvidia bet after "the stock went from $150 to $900." from Finance https://ift.tt/7uNraQx via IFTTT

Stocks making the biggest moves after hours: Palantir Technologies, Lucid Group and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/4UeB5EW via IFTTT

Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending

Citigroup CEO Jane Fraser joined CNBC's Sara Eisen on Monday for an interview on the economy. from Finance https://ift.tt/nAcOmkt via IFTTT

Stocks making the biggest moves midday: Berkshire Hathaway, Micron, Tyson Foods, Spirit Airlines and more

These are some of the stocks posting the largest moves in midday trading. from Finance https://ift.tt/GcguRU3 via IFTTT

Buffett's Berkshire Hathaway gains as insurance lifts first-quarter profit and cash nears $200 billion

The Oracle of Omaha's massive conglomerate posted robust earnings, driven by strong insurance underwriting gains as well as higher Treasury yields. from Finance https://ift.tt/WPDCv9H via IFTTT

Stocks making the biggest premarket moves: Berkshire Hathaway, Paramount, Spirit Air, Victoria's Secret and more

These are the stocks posting some of the largest moves in premarket trading. from Finance https://ift.tt/eh3lZmA via IFTTT

Autos analysts pick who can survive China’s cut-throat EV market

Analysts are coalescing around a few potential winners in China's car market after a 10-day auto show put ferocious competition on full display. from Finance https://ift.tt/QK08UZS via IFTTT

Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

"I was 100% responsible for the Paramount decision," Buffett said. "It was 100% my decision, and we've sold it all and we lost quite a bit of money." from Finance https://ift.tt/LTlmwab via IFTTT

Warren Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he's gone

"I would leave the capital allocation to Greg and he understands businesses extremely well," Buffett said at Berkshire's annual meeting. from Finance https://ift.tt/kM52YiK via IFTTT

'A lot of money on the sidelines': Calamos Investments thinks ETFs should target CD, money market customers

There may be an untapped market for exchange-traded funds. from Finance https://ift.tt/oRJqcdT via IFTTT

Warren Buffett's Berkshire Hathaway cut Apple investment by about 13% in the first quarter

Berkshire reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake. from Finance https://ift.tt/gpwmyP9 via IFTTT

Warren Buffett’s shopping extravaganza kicks off with Squishmallows pit, 'Poor Charlie’s Almanack'

The Oracle of Omaha's annual event kicked off with wares from See's Candies to the latest Squishmallows of Warren Buffett and Charlie Munger. from Finance https://ift.tt/NKojWuE via IFTTT

Stocks making the biggest moves premarket: Apple, Amgen, Cloudflare and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/2ylQwkS via IFTTT

'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat'

A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat." from Finance https://ift.tt/mdja4JL via IFTTT

China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home

Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad. from Finance https://ift.tt/RCaGlXS via IFTTT

Stocks making the biggest moves after hours: Apple, Cloudflare, Expedia, Block and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/q5M8ucX via IFTTT

Stocks making the biggest moves after hours: eBay, Qualcomm, DoorDash, Carvana and more

These are the stocks posting the largest moves in after-hours trading. from Finance https://ift.tt/9TFrIuN via IFTTT

DoubleLine’s Jeffrey Gundlach sees one rate cut this year as the Fed keeps up inflation fight

'The inflation rate clearly is the one that is lacking progress... so I'm going to lean on one rate cut,' Gundlach said. 'I don't think it's coming in June.' from Finance https://ift.tt/o0l7rGd via IFTTT

Fed keeps rates steady as it notes 'lack of further progress' on inflation

With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target. from Finance https://ift.tt/RBXv6Mb via IFTTT

Bitcoin nosedives below $57,000 to two-month low ahead of U.S. Fed decision

Bitcoin dropped as low as $56,757.93, falling below $57,000 for the first time since Feb. 28, according to data from CoinGecko. from Finance https://ift.tt/bnSW7oJ via IFTTT