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Chinese smartphone company Xiaomi in the last week reported record net profit for a second-straight quarter, bolstering several analysts’ conviction on the Hong Kong-listed stock. In absolute dollar terms, Xiaomi’s earnings are still a fraction of Apple’s . But the Chinese company has a larger smartphone market share in China , and has built an
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Daniel Loeb has found himself a new goal as his hedge fund Third Point entered its milestone 30th year: To be a true winner in the red-hot artificial intelligence boom and not run over by it. “Change is happening at an ever accelerating and increasing rate and it’s just going to require us to continue
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Sarah Kapnick started her career in 2004 as an investment banking analyst for Goldman Sachs. She was struck almost immediately by the overlap of financial growth and climate change, and the lack of client advisory around that theme. Integrating the two, she thought, would help investors understand both the risks and opportunities, and would help
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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 Images The more Jamie Dimon worries, the better his bank seems to do. As JPMorgan
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Check out the companies making headlines before the bell: UiPath — Shares surged 12% after the automation software company posted first-quarter operating income and revenue figures that exceeded FactSet estimates. UiPath also raised its full-year revenue guidance and sees its current-quarter revenue coming in between $345 million and $350 million, while analysts polled by FactSet
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The U.S. and Chinese flags are seen on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via Reuters BEIJING — U.S.-China trade talks “are a bit stalled,” requiring the two countries’ leaders to speak directly, Treasury Secretary Scott Bessent told Fox News in
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Check out the companies making headlines before the bell. Nvidia — The graphics processing unit manufacturer popped 6% after fiscal first-quarter adjusted earnings of 96 cents per share exceeded the 93 cents analysts polled by LSEG had expected. Nvidia’s revenue of $44.06 billion also beat forecasts of $43.31 billion. Other chip stocks rallied in sympathy.
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Check out the companies making headlines in after-hours trading: Nvidia — The artificial intelligence chipmaker’s shares jumped 5% after Nvidia reported better-than-expected quarterly results , as its data center business recorded year-over-year growth of 73%. Nvidia reported first-quarter adjusted earnings per share of 96 cents on revenue of $44.06 billion, higher than analysts’ estimates for
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Check out the companies making headlines in premarket trading. Macy’s — The department store added more than 2% after the company reported earnings that beat estimates . Macy’s also slashed its profit outlook as a result of higher tariffs and more aggressive company promotions. Okta — The identity management software firm pulled back about 10%
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Check out the companies making headlines in midday trading. Chinese autos — Chinese auto stocks retreated after BYD said it would lower prices on 22 electric and plug-in hybrid models until the end of June, igniting fears of a fresh price war in the Chinese market. U.S.-traded shares of Li Auto and Nio respectively slipped
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A living space in the new J.P. Morgan financial center branch format in Palm Beach. Courtesy: JP Morgan JPMorgan Chase thinks it has cracked the code on managing more money for America’s millionaires. It’s not a new financial product, a novel software program or an enticing sign-up bonus. Instead, it’s a refurbished take on an
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Check out the companies making headlines in midday trading. Advance Auto Parts — Shares skyrocketed 57% following a better-than-expected report from the car part retailer. The company lost an adjusted 22 cents per share in the third quarter, narrower than the loss of 82 cents per share anticipated by analysts polled by LSEG. Revenue came
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Xiaomi revealed its first electric SUV, the YU7, in Beijing on May 22, 2025, and said its full launch would be held in July. Adek Berry | Afp | Getty Images BEIJING — China’s Xiaomi, known for its smartphones, only recently entered the electric-vehicle space. It is now taking aim at Tesla’s bestselling car in
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Check out the companies making headlines before the bell: Apple — The tech giant saw shares fall 3.5% in premarket trading after President Donald Trump said in a social media post that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Nuclear stocks — Stocks tied to
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Spending on artificial intelligence helped give some Chinese tech companies a boost in the first quarter, despite economic headwinds. “The standout for this [first quarter] reporting season was the growth in cloud business for Alibaba and Baidu ,” said Brian Tycangco, an analyst at Stansberry Research. Alibaba said earlier this month its cloud revenue in
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Chicago Federal Reserve President Austan Goolsbee said Friday that President Donald Trump’s latest tariff threats have complicated policy and likely put off changes to interest rates. In a CNBC interview, the central bank official indicated that while he still sees the direction of rates being lower, the Fed likely will be on hold as it
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Check out the companies making headlines in midday trading: Booz Allen Hamilton — Shares of the consulting firm lost 15% after Booz Allen Hamilton said it would cut roughly 2,500 jobs, or 7% of its workforce, citing a slowdown in some government spending under the Trump administration and expected ongoing pressure on its business in
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Staff members remove a sign following a press conference after the House passage of the tax and spending bill, at the U.S. Capitol on May 22, 2025 in Washington, DC. Kevin Dietsch | Getty Images There’s a stark contrast between the effects on high earners and those on low-income households in a sprawling legislative package
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Monarch co-founders (left to right) Ozzie Osman, Jon Sutherland, Val Agostino. Courtesy: Monarch The personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has learned. The fundraising is among the largest for an American consumer fintech startup this year
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Check out the companies making headlines in extended trading. Ross Stores — Shares pulled back more than 11%. Ross withdrew its earlier full-year guidance . The off-price retailer said that it expects second-quarter earnings to range from $1.40 to $1.55 per share, while analysts polled by LSEG sought $1.65 per share. Ross also said that
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Check out the companies making headlines in midday trading. Target — The big-box retailer fell 5.2% on disappointing first-quarter results . Target also cut its full-year sales outlook, partly blaming falling consumer sentiment and uncertainty about tariffs. Toll Brothers — The stock ticked down 0.5% after the homebuilder beat on both the top and bottom
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Check out the companies making headlines after the bell : Zoom Communications — The video conferencing company saw shares rising about 1% in extended trading after the firm shared its annual revenue forecast. The company now sees fiscal 2026 revenue between $4.80 billion and $4.81 billion, compared to analyst expectation of $4.79 billion, according to
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Check out the companies making headlines in midday trading. D-Wave Quantum — The quantum computing stock surged 25.9% after announcing its latest computing system called Advantage2. Agilysys — The enterprise software developer for the hospitality industry rallied 22.1% after topping analysts expectations in its latest quarter. Agilysys reported fiscal fourth-quarter adjusted EBITDA of $14.8 million,
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These are the stocks posting the largest moves in after-hours trading.
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U.S. births rose by 1% in 2024, with 3.6 million births recorded for the year, according to the CDC’s National Center for Health Statistics. SAN DIEGO, CALIFORNIA – OCTOBER 26: A woman pushes a stroller while walking along the La Jolla coastline at sunset on October, 2024 in San Diego, California. (Photo by Kevin Carter/Getty
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Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images JPMorgan Chase CEO Jamie Dimon said Monday that markets and central bankers
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Klarna is synonymous with the “buy now, pay later” trend of making a purchase and deferring payment until the end of the month or paying over interest-free monthly installments. Nikolas Kokovlis | Nurphoto | Getty Images The U.K. government on Monday laid out proposals to bring short-term loans under formal rules as it looks to
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Check out the companies making headlines in midday trading. Applied Materials — Shares of the semiconductor manufacturer dropped 6% after Applied Materials posted disappointing fiscal second-quarter revenue. The company’s revenue of $7.10 billion was below the LSEG consensus of $7.13 billion. Semiconductor revenue of $5.26 billion also disappointed the $5.31 billion analysts were looking for.
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Kate_sept2004 | E+ | Getty Images Long-term care can be costly, extending well beyond $100,000. Yet, financial advisors say many households aren’t prepared to manage the expense. “People don’t plan for it in advance,” said Carolyn McClanahan, a physician and certified financial planner based in Jacksonville, Florida. “It’s a huge problem.” Over half, 57%, of
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U.S. Federal Reserve Chair Jerome Powell departs after holding a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters The Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including
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Key Points UnitedHealth Group saw some of its insiders step in and purchase declining shares this week. Kristen Gil, a director at the firm, bought 3,700 shares worth roughly $1 million on Thursday. Shares of UnitedHealth plunged nearly 11% to $274.35 on Thursday following a report in The Wall Street Journal that the Department of Justice
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Walmart‘s business is strong enough to withstand tariff headwinds without increasing its prices, according to the discount retailer’s former U.S. CEO. Bill Simon, who ran Walmart U.S. from 2010 to 2014, suggests the company may be overstating challenges tied to tariffs. “If you look down deep and dig into the details of their earnings release
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Federal Reserve Chair Jerome Powell speaks at the Thomas Laubach Research Conference held by the Federal Reserve Board of Governors on May 15, 2025 in Washington, DC. Andrew Harnik | Getty Images Federal Reserve Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is
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Steve Cohen said Wednesday he sees the possibility that stocks could retest their lows from April following the market’s dramatic comeback. “I don’t expect, you know, a significant decline. I think this is possible we can go back toward the lows which is 10%, 15% [from here] so it’s not a calamity,” the founder of
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The logo for consumer lending firm Capital One Financial Corp. is seen on its headquarters in McLean, Virginia, on Jan. 20. 2023. Win Mcnamee | Getty Images News | Getty Images New York Attorney General Letitia James sued Capital One on Wednesday, accusing the bank of “cheating” customers out of millions of dollars in interest
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Omar Marques | Sopa Images | Lightrocket | Getty Images EToro, a stock brokerage platform that’s been ramping up in crypto, has priced its IPO at $52 a share, as the company prepares to test the market’s appetite for new offerings. The Israel-based company raised nearly $310 million, selling nearly 6 million shares in a
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Check out the companies making the biggest moves midday: Nvidia — The chipmaker jumped 6% following the announcement it will sell more than 18,000 of its artificial intelligence chips to Saudi Arabian company Humain to be used in the latter’s 500 megawatt data center. UnitedHealth Group — The insurance stock tumbled 16% to trade at
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The app icons for Revolut and Monzo displayed on a smartphone. Betty Laura Zapata | Bloomberg via Getty Images Financial technology firms were initially the biggest losers of interest rate hikes by global central banks in 2022, which led to tumbling valuations. With time though, this change in the interest rate environment steadily boosted profits
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Check out the companies making headlines in midday trading: Drugmakers — Pharmaceutical stocks bounced back from earlier losses after an executive order aimed at bringing down drug prices was deemed not as bad as feared for the industry. Merck jumped 5%, while Pfizer , Bristol-Myers Squibb and Eli Lilly all rose more than 2%. However,
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Kaia Matheny (left) and Nora Lamphiear (right), co-owners of Adrift Restaurant in Anacortes, Washington. Kaia Matheny. Anacortes, a small coastal town in Washington state, typically bustles with tourists during the summer months. But local business owners like Kaia Matheny are bracing for less foot traffic — and a financial hit — this year as tensions
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One of the most recognized names in personal finance is urging Americans to increase their financial literacy, and urging the country to do a better job of providing the education. “We spend a lot of time trying to improve financial literacy. We stink at it,” said Ric Edelman, founder of Edelman Financial Engines, on this week’s
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U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters History suggests that President Donald Trump’s new “Too Late” nickname for Federal Reserve Chair Jerome Powell has a strong
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Bitcoin’s milestone week comes as new crypto exchange-traded funds are hitting the market. Investor and best-selling personal finance author Ric Edelman thinks the rollout gives investors more access to upside. He finds buffer ETFs and yield ETFs particularly exciting. “You can now invest in bitcoin ETFs that protect you against the downside volatility while preserving
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Move over artificial intelligence. There’s a new hot topic on corporate earnings calls in 2025: tariffs. The word “tariffs” has come up on more than 350 earnings calls of S & P 500 -listed companies reporting first quarter results, according to a CNBC analysis of call transcripts compiled by AlphaSense. By contrast, the term “AI”
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These are the stocks posting the largest moves in midday trading.
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Check out the companies making headlines in extended trading. Affirm — Stock in the buy now, pay later company pulled back 9%. Affirm issued fiscal fourth- quarter revenue guidance ranging between $815 million and $845 million, with a midpoint of $830 million. That’s short of the consensus estimate of $841 million, per LSEG. Pinterest —
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Check out the companies making headlines in premarket trading. Shopify — Shares of the commerce technology platform dove 8.7% even after first-quarter revenue came in at $2.36 billion, beating the FactSet consensus estimate of $2.33 billion. Shopify had risen 20% over the past month, and its full year guidance set operating expenses at 39%-40% of
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Check out the companies making headlines in after-hours trading. AppLovin – The AI-powered marketing platform saw shares rallying 13% in extended trading after the company reported stronger-than-expected quarterly results. AppLovin’s posted an EPS of $1.67, higher than an LSEG consensus estimate of $1.45 per share. Revenue of $1.48 billion also came in above expectations. The
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WASHINGTON — The Federal Reserve on Wednesday held its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact on a sputtering economy. In a move that carried little suspense given the wave of uncertainty sweeping the political and economic landscape, the Federal Open Market
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Check out the companies making headlines in after-hours trading: Arista Networks — Shares of the cloud computing stock slid 7%. First-quarter revenue narrowly beat LSEG consensus estimates, coming in at $2.00 billion, versus the $1.97 billion the Street expected. Adjusted earnings also beat estimates, landing at 65 cents per share, compared to the 59 cents
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U.S. President Donald Trump meets with Canadian Prime Minister Mark Carney (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., May 6, 2025. Leah Millis | Reuters “The Art of the Deal” author President Donald Trump said in a surprising comment Tuesday that the United States does not need to “sign
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Check out the companies making headlines in extended trading: Palantir Technologies — Shares dropped nearly 7% after the defense tech company reported first-quarter earnings that were in line with Wall Street’s expectations. Adjusted earnings of 13 cents per share came in line with the consensus estimate, per LSEG. Palantir reported $884 million in revenue, topping
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People watch as Berkshire Hathaway chairman Warren Buffett is seen on a screen speaking at the Berkshire Hathaway Inc annual shareholders’ meeting, in Omaha, Nebraska, U.S., May 3, 2025. Brendan McDermid | Reuters Berkshire Hathaway shares are under pressure Monday as investors process Warren Buffett’s surprise announcement to step down and envision a new path
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Join us for the ultimate, exclusive, in-person, interactive event with Melissa Lee and the traders for “Fast Money” Live at the Nasdaq MarketSite in Times Square on Thursday, June 5. Global investors are undergoing a structural rethink of their exposure to U.S. markets, according to economic expert Rebecca Patterson. Patterson, who served as Bridgewater’s chief
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(Follow along with our full coverage of Berkshire Hathaway’s annual meeting here. Warren Buffett begins talking at 9 a.m. ET.) Warren Buffett’s Berkshire Hathaway reported first-quarter results on Saturday that showed a steep drop in operating earnings from the year-earlier period. The conglomerate, which owns a vast array of insurance, transportation, energy, retail and other
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OMAHA, Nebraska — Warren Buffett on Saturday criticized President Donald Trump’s hardline trade policy, without naming him directly, saying it’s a big mistake to slap punitive tariffs on the rest of the world. “Trade should not be a weapon,” Buffett said at Berkshire Hathaway‘s shareholder meeting, an annual gathering in front of thousands in Omaha, Nebraska.
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An end of an era was announced in Omaha Saturday as Warren Buffett said he will soon ask the board of Berkshire Hathaway to have Greg Abel replace him as CEO at year end. While Buffett is 94 and Abel was designated as CEO successor in 2021, it nonetheless came as surprise to the thousands
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The welcome sign at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 2, 2025. David A. Grogen | CNBC OMAHA, Nebraska — Berkshire Hathaway shareholders are getting more bang for their buck at this year’s meeting with the annual shopping event more interactive than ever. The conglomerate’s yearly convention kicked off Friday
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The money manager behind two of the world’s biggest actively managed exchange-traded funds sees a way for investors to stay defensive without leaving the market. Jon Maier’s firm is behind the JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Ultra-Short Income ETF (JPST). They’re listed as No. 1 and No. 3 in size globally in
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YIWU, CHINA – NOVEMBER 26: Foreign clients select festive goods at China Yiwu International Trade City on November 26, 2024 in Yiwu, Zhejiang Province of China. Hu Xiao/VCG via Getty Images For years, Christmas merchandise has been hitting the U.S. shelves earlier, as retailers try to capitalize on the lucrative holiday season — a retail
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Check out the companies making headlines in midday trading: Meta Platforms — Shares of the Facebook parent jumped about 4% after the company beat earnings expectations . Meta signaled ongoing advertising resilience and upped its capital expenditures range to reflect more data center infrastructure investments, even amid macroeconomic uncertainty. The company also issued in-line guidance
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Check out the companies making headlines in extended trading: Microsoft — Stock in the technology behemoth climbed more than 6% on the heels of better-than-expected third-quarter results on the top and bottom lines. Microsoft earned $3.46 per share on revenue of $70.07 billion, while analysts polled by LSEG were looking for a profit of $3.22
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Check out the companies making headlines in midday trading: Etsy — The e-commerce company saw shares tumbling 9%. Etsy Chief Financial Officer Lanny Baker said the company is “staying nimble in the face of uncertainty” around the tariff announcements and “the fluid state of consumer confidence in our core markets. Separately, Etsy posted better-than-expected revenue for
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16 September 2023, USA, New York: The Barclays Bank logo, taken in Manhattan. Michael Kappeler | Picture Alliance | Getty Images British bank Barclays on Wednesday reported slight beats on the top and bottom line, boosted by stronger investment bank performance. Pre-tax profit came in at £2.7 billion ($3.6 billion) over the March quarter, compared
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A trader works on the floor at the New York Stock Exchange in New York City, U.S., April 28, 2025. Brendan McDermid | Reuters Periods of extreme volatility in the stock market may feel painful for investors — but such periods are generally followed by strong stock returns, if history is a guide, according to
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A sign for Deutsche Bank AG at a bank branch in the financial district of Frankfurt, Germany, on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty Images Germany’s largest lender Deutsche Bank on Tuesday posted higher-than-expected first-quarter profit on robust investment banking performance, but upped credit provisions as lenders in Europe’s largest economy navigate
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Some stocks have made major swings in the days since President Donald Trump returned to the White House. Trump has put U.S. investors on alert with market-moving plans such as tariffs and federal government spending cuts. The S & P 500 is slated to record its worst first 100 days of a presidency since Richard
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Textile manufacturing workers in Binzhou, Shandong, China, on April 23, 2025. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese manufacturers are pausing production and turning to new markets as the impact of U.S. tariffs sets in, according to companies and analysts. The lost orders are also hitting jobs. “I know several factories that have
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The stock market bounce last week showed once again just how dependent Wall Street has become on the whims of the White House. Case in point: The S & P 500 sank more than 2% this past Monday as President Donald Trump was attacking Federal Reserve Chairman Jerome Powell and providing scant details on tariff
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In a year that hasn’t been kind to many big-name stocks, Warren Buffett’s Berkshire Hathaway is standing near the top. Berkshire shares have posted a 17% return year-to-date, while the S&P 500 index is down 6%. That performance places Berkshire among the top 10% of the U.S. market’s large-cap leaders, and the run has been
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Leading analyst Craig Moffett suggests any plans to move U.S. iPhone assembly to India is unrealistic. Moffett, ranked as a top analyst multiple times by Institutional Investor, sent a memo to clients on Friday after the Financial Times reported Apple was aiming to shift production toward India from China by the end of next year.
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Shipping containers at the Port of Seattle on April 16, 2025. David Ryder/Bloomberg via Getty Images Tariffs levied by President Donald Trump during his second term would hurt the poorest U.S. households more than the richest over the short term, according to a new analysis. Tariffs are a tax that importers pay on foreign goods.
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Check out the companies making headlines in midday trading: T-Mobile — Shares pulled back 11% after the company’s wireless subscribers for the first quarter missed Wall Street estimates. T-Mobile reported 495,000 postpaid phone additions in the first quarter, while analysts polled by StreetAccount were looking for 504,000. Alphabet — The Google parent company gained about
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US President Donald Trump steps off Marine One upon arrival at the Leesburg Executive Airport Landing Zone in Leesburg, Virginia, on April 24, 2025. Alex Wroblewski | Afp | Getty Images BEIJING — U.S. President Donald Trump on Thursday refuted China’s claims that there were no ongoing trade discussions between Beijing and Washington. “They had
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Check out the companies making headlines in midday trading: Hasbro — The toymaker soared 16.3% after the company’s first-quarter report beat expectations. Hasbro earned $1.04 per share, excluding items, on $887.1 million in revenue. Analysts polled by FactSet forecast 67 cents in earnings per share and $771.1 million in revenue. Hasbro added it is not
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Check out the companies making headlines in after-hours trading: Chipotle Mexican Grill — Chipotle missed first-quarter revenue estimates and said same-store sales declined for the first time since 2020, leading the stock to drop 2%. The burrito chain reported adjusted earnings per share of 29 cents, while analysts polled by LSEG forecast 28 cents per
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Citadel CEO Ken Griffin speaks during the Semafor World Economy Summit 2025 at Conrad Washington on April 23, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Ken Griffin, founder and CEO of Citadel, said President Donald Trump’s global trade fight risks spoiling the reputation of the country and its government bond market. “The United
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Check out the companies making headlines in extended trading: Tesla — Shares were marginally lower in extended trading after first-quarter results missed analysts’ estimates on the top and bottom lines. The electric vehicle company earned an adjusted 27 cents per share on revenue of $19.34 billion, while analysts polled by LSEG were looking for 39
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Check out the companies making headlines in midday trading: 3M — The manufacturing conglomerate jumped 8% on a first-quarter earnings beat. 3M earned an adjusted $1.88 per share on $5.78 billion of revenue, topping the LSEG consensus forecasts of $1.77 in earnings per share and $5.76 billion in revenue. RTX — The defense name sank
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These are the stocks posting the largest moves in after-hours trading.
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Torsten Slok, chief economist at Apollo Global Management, is certain the U.S. will fall into a recession this year if tariffs stay where they are. “It’s all conditioned on tariffs staying in place at these levels, and if they stay at these levels, we will absolutely have a recession in 2025,” Slok told CNBC’s ”
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BEIJING — China on Monday warned it will retaliate against countries that cooperate with the U.S. in ways that compromise Beijing’s interests, as the trade war between the world’s two largest economies threatens to embroil other nations. China’s warning comes as U.S. President Donald Trump’s administration is reportedly planning to use tariff negotiations to pressure
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Bernstein is looking at Chinese internet tech stocks like it’s the downtrodden days of Covid-19. “For all the justified consternation around geopolitics and trade headwinds, we think the mantra of ‘fade sentiment extremes’ still applies,” Bernstein China internet analyst Robin Zhu and a team said in an April 14 report. “Several of the other conditions
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U.S. President Donald Trump, left, and U.S. Federal Reserve Chair Jerome Powell. Win McNamee | Kevin Lamarque | Reuters President Donald Trump on Thursday again called for the Federal Reserve to lower rates and even hinted at the “termination” of Chair Jerome Powell. In a Truth Social post, Trump said: “The ECB is expected to cut
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Katie Stockton thinks she has a viable option for investors trying to withstand wild market swings. She manages the Fairlead Tactical Sector ETF (TACK), which is designed to be nimble in times of market stress. It’s not tied to an index. “What we try to do is help investors leverage the upside through sector rotation, but
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American Express‘ affluent cardholders are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC. Billed business on AmEx cards rose 6% in the period, or 7% when adjusted for the impact of the leap year, the company reported Thursday, which shows that
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Sign at the entrance to a Capital One bank branch in Manhattan. Erik Mcgregor | Lightrocket | Getty Images Capital One Financial’s application to acquire Discover Financial Services in a $35.3 billion all-stock deal has officially been approved by the Federal Reserve and the Office of the Comptroller of the Currency, the regulators announced on Friday. “The Board
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Smart robotic arms work on the production line at the production workshop of Changqing Auto Parts Co., LTD., located in Anqing Economic Development Zone, Anhui Province, China, on March 13, 2025. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — China missed several key targets from its 10-year plan to
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Check out the companies making headlines in midday trading. Alphabet – Shares of the megacap technology name pulled back 1.2% after a federal judge ruled that Google has illegally monopolized online advertising technology , namely the markets for publisher ad servers and ad exchanges. Hertz — The rental car company surged 50% to a 52-week
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“Fast Money” trader Tim Seymour wants to help investors avoid common money traps that could leave them exposed to losses, particularly in a volatile market. He is out with a shortlist of four tips to deliver some peace of mind when things are going south. Tip No. 1: Don’t have more money in the market
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U.S. President Donald Trump meets with El Salvador President Nayib Bukele (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | Reuters Wall Street banks just posted their biggest-ever haul from stock trading as the opening months of President Donald Trump’s tenure led to upheavals
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Check out the companies making headlines after the bell : United Airlines — The airline popped nearly 7% after posting first-quarter adjusted earnings of 91 cents per share, while analysts polled by LSEG had expected 76 cents in earnings per share. However, United Airlines’ revenue of $13.21 billion came in below the $13.26 billion forecast.
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Traders work on the floor of the New York Stock Exchange on April 10, 2025. Michael M. Santiago | Getty Images News | Getty Images Investors may feel an impulse to move to cash amid the recent tumult in the stock market. While cash might feel safer than stocks, it can also pose risks for
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Anthony Denier, CEO fo Webull, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. Brendan McDermid | Reuters Shares of Webull soared nearly 375% on Monday, the second day on the market for the stock-trading app, which completed its merger
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Check out the companies making headlines in midday trading: Apple — The stock added more than 2% as sentiment on tech shares broadly rose Monday. President Donald Trump announced on Friday that several electronic devices and components will be exempt from U.S. tariffs . The policy benefits Apple given that the majority of the iPhone
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David Solomon, CEO of Goldman Sachs, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Win Mcnamee | Getty Images Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $12.35 per share, according
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While U.S.-China trade tensions escalate , analysts predict a handful of Chinese companies could win out on Beijing’s efforts to double down on generative artificial intelligence. “We expect AI demand to stay strong as deepseek cost improvements have driven application development such that companies are seeing AI development as critical for growth and for competition,”
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People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. Spencer Platt | Getty Images Morgan Stanley on Friday reported first-quarter results that topped estimates as stock trading revenue surged 45% amid rising global volatility. Here’s what the company reported: Earnings: $2.60 a share vs. $2.20
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A Wells Fargo Bank branch is seen in New York City on March 17, 2020. Jeenah Moon | Reuters Wells Fargo shares declined on Friday after the bank reported lower-than-expected quarterly revenue and a decline in net interest income. Here’s what the bank posted for the first quarter compared with what Wall Street was expecting,
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These are the stocks posting the largest moves in midday trading.
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A VIX volatility index chart on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, March 19, 2025. Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, though they telegraphed expectations for slower economic growth and higher inflation. Photographer: Michael Nagle | Bloomberg |
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Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025. Al Drago | Bloomberg | Getty Images JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here’s what Wall Street expects, according to LSEG: Earnings:
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David Paul Morris/Bloomberg via Getty Images Inflation throttled back in March, largely on the back of lower gasoline prices — but tariffs threaten to reverse that downward trend in coming months while trouble also lurks in certain categories like groceries, economists said. The consumer price index rose 2.4% for the 12 months ended in March,
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Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York on Nov. 28, 2023. Jeenah Moon | Bloomberg | Getty Images Hedge fund mogul Bill Ackman let out a sigh of relief after President Donald Trump temporarily dropped some of
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US Treasury Secretary Scott Bessent speaks at the American Bankers Association’s Washington Summit at the Walter E. Washington Convention Center in Washington, DC on April 9, 2025. Brendan Smialowski | Afp | Getty Images Treasury Secretary Scott Bessent said Wednesday that President Donald Trump’s aim is for Main Street businesses and consumers to thrive even as
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Trucks line up at the container terminal in the Longtan Port area of Nanjing Port, Jiangsu province, China on the evening of April 8, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Citi on Tuesday became one of the first investment firms to lower its China growth forecast on escalating trade tensions with
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Check out the companies making headlines before the bell: Levi Strauss — The jeans maker surged 11% after the company reiterated its full-year outlook. However, Levi noted that it excludes any impact from the White House’s tariffs. The company also posted first-quarter adjusted earnings of 38 cents per share, which was 52% higher versus the
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Steve Eisman of “The Big Short” fame has a message for investors: Don’t be a hero because there’s more market downside ahead. Eisman, who’s known for successfully betting against the housing market ahead of the 2008 financial crisis, warns Wall Street isn’t done discounting worst-case scenarios tied to President Donald Trump’s tariffs. “The issue is
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China’s and U.S.’ flags are seen printed on paper in this illustration taken January 27, 2022. Dado Ruvic | Reuters BEIJING — Risks of an intense U.S.-China trade war are rising rapidly, according to analysts, after Beijing responded more forcefully than many had expected to U.S. President Donald Trump’s latest tariffs. In a shift in
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Jakub Porzycki | Nurphoto | Getty Images Bitcoin fell below the $78,000 level as investors braced for more financial market volatility after U.S. equites suffered their worst decline since 2020 on the rollout of President Donald Trump’s restrictive global tariffs. The price of bitcoin was last lower by 6% at $77,730.03, according to Coin Metrics,
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Worries about tariffs may have rattled global investors, but analysts still expect China’s technology sector to keep riding this year’s wave of interest in homegrown generative artificial intelligence. The latest salvo of U.S. tariffs on China and its Southeast Asia trading partners sent Chinese stocks tumbling at the open Thursday, but they closed well off
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Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan video that claimed the president is tanking the stock market on purpose with the endorsement of the legendary investor. Trump on Friday shared an outlandish social media video that defends his recent policy
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Andrew Fox | The Image Bank | Getty Images “Dead” investors often beat the living — at least, when it comes to investment returns. A “dead” investor refers to an inactive trader who adopts a “buy and hold” investment strategy. This often leads to better returns than active trading, which generally incurs higher costs and
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Check out the companies making headlines in midday trading: Bank stocks — Major banks declined on Friday, as President Donald Trump’s new tariff policies increasingly raised fears of a U.S. economic pullback. Shares of JPMorgan , Morgan Stanley and Wells Fargo each tumbled more than 7%. about 8%. Goldman Sachs and Citigroup declined by about
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US Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on March 19, 2025. Roberto Schmidt | Afp | Getty Images Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump’s tariffs to raise inflation and lower growth, and
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Chinese national flags flutter on boats near shipping containers at the Yangshan Port outside Shanghai, China, February 7, 2025. Go Nakamura | Reuters BEIJING — China’s reaction to new U.S. tariffs will likely focus on domestic stimulus and strengthening ties with trading partners, according to analysts based in Greater China. Hours after U.S. President Donald
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Check out the companies making headlines before the bell. Lululemon – Shares tumbled more than 12% on the heels of President Donald Trump’s new wide-ranging tariffs . According to an SEC filing , the company sourced 40% of its products from Vietnam in 2024 – a country that was slammed with a 46% tariff. Almost
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The Exchange Square Complex, which houses the Hong Kong Stock Exchange, on Feb. 26, 2025. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese companies are jumping at a window of opportunity to go public in Hong Kong as global investors start to return to the region, following the news of DeepSeek’s artificial intelligence breakthrough
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These are the stocks posting the largest moves in premarket trading.
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Wall Street is hoping April 2 will provide clarity on the U.S. tariff front and a reprieve from the recent market volatility. However, many remain skeptical that any real clarity is coming anytime soon. Stocks have been in turmoil this year, as investors struggle to price in the full breadth and depth of President Donald
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U.S. Health and Human Services Secretary Robert F. Kennedy Jr., Commerce Secretary Howard Lutnick wait for U.S. President Donald Trump to board Marine One on the South Lawn of the White House on March 28, 2025 in Washington, DC. Trump is headed to Mar-a-lago in Palm Beach, Florida for the weekend. Andrew Harnik | Getty
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Market uncertainty should “peak” around the Wednesday tariff deadline, according to Evercore ISI. In a note this week, Julian Emanuel wrote investors should resist tariff angst and accumulate stocks. “All you need is a little less uncertainty,” the firm’s senior managing director said Monday on CNBC’s “Fast Money.” Emanuel compares the market pessimism to the
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BlackRock CEO Larry Fink sounded the alarm on the spread of protectionist policies around the world, saying they will hinder global trade and weaken the economy. “Today, many countries have twin, inverted economies: one where wealth builds on wealth; another where hardship builds on hardship,” Fink said in his annual chairman’s letter to investors. “The divide
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BEIJING — JPMorgan has called the bottom in the Chinese consumer slump, and the firm says now it’s time to buy. Chinese consumers have been reluctant to spend since the Covid-19 pandemic. Retail sales rose by just 3.5% last year , less than half the average of 9.7% in the years 2015 to 2019. But
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From America’s largest bank to its biggest asset manager, Wall Street investment strategies once reserved for private banking clients are increasingly being offered to Main Street investors. In the midst of a market correction and ongoing uncertainty about the outlook for U.S. stocks and the global economy, JPMorgan Chase and BlackRock are among major players
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An expired patent — previously held by Vanguard — may spark a shake-up in the exchange-traded fund industry. Wall Street saw the patent as critical to Vanguard’s success because it saved an enormous amount of money in taxes. Now, the firm’s ETF competitors could get a chance to use it, too. “It’s really a game changer,” BNY
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Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023. Mike Segar | Reuters Charlie Javice, founder of a startup purchased by JPMorgan Chase in 2021,
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FILE PHOTO: Office of Management and Budget (OMB) Acting Director Russell Vought testifies before House Budget Committee on 2020 Budget on Capitol Hill in Washington, U.S., March 12, 2019. Yuri Gripas | Reuters A federal judge on Friday ordered the Consumer Financial Protection Bureau‘s leadership, appointed by President Donald Trump, to halt its campaign to
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Barry Ritholtz Barry Ritholtz Barry Ritholtz had a hard time writing his first book, “Bailout Nation.” Drafted in the midst of the 2008 financial crisis, the biggest challenge, he said, was that a different company “would blow up” every week. It felt as if the writing “was never over,” said Ritholtz, the chairman and chief
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A Pony.ai robotaxi drives on a public road in a suburb in southern Beijing on July 11, 2024. China News Service | China News Service | Getty Images EMBARGOED UNTIL FURTHER NOTICE BEIJING — In the latest step toward building a revenue-generating robotaxi business, Chinese start-up Pony.ai said it has obtained China’s first permit to
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Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters GameStop shares gave back much of Wednesday’s rally after the video game retailer announced plans to raise debt to buy bitcoin. The meme stock tumbled more than 12% Thursday,
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Check out the companies making headlines in midday trading: GameStop — The meme stock soared 11.7%. On Tuesday, GameStop’s board announced it had unanimously approved a plan to buy bitcoin with a portion of its corporate cash, following a similar move by MicroStrategy. Dollar Tree — The discount retail chain popped 3.1% after announcing on
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US President Donald Trump meets with US Ambassadors in the Cabinet Room of the White House in Washington, DC, on March 25, 2025. Mandel Ngan | AFP | Getty Images President Donald Trump said that tariffs will likely be more “lenient than reciprocal,” as the April 2 tariff deadline looms for a number of levies
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A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany. Ying Tang | Nurphoto | Getty Images Video game retailer GameStop announced Tuesday its board has unanimously approved a plan to buy bitcoin with its corporate cash, echoing a move made famous by MicroStrategy. The meme
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Max Levchin, co-founder of PayPal and Affirm David Paul Morris | Bloomberg | Getty Images Fintech lender Affirm said Tuesday that it’s reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank’s payments network. U.S. merchants who use JPMorgan to handle payments can soon add
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Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner. “It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the
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Check out the companies making headlines before the bell. AZEK — Shares of the outdoor products manufacturer soared 23% after cement manufacturer James Hardie Industries said it would acquire AZEK in a cash and stock deal totaling around $9 billion. James Hardie stock tumbled 11%. Pinterest — The social media stock added nearly 5% following
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Urban buildings in Huai’an city, Jiangsu province, China, on March 18, 2025. Cfoto | Future Publishing | Getty Images BEIJING — UBS analysts on Wednesday became the latest to raise expectations that China’s struggling real estate market is close to stabilizing. “After four or five years of a downward cycle, we have begun to see
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As driver-assist systems gain traction in China, one local startup that invested in the tech years ago is finally seeing results. Xpeng , listed in the U.S. and Hong Kong, has delivered more than 30,000 cars a month since November. The company last week said it expects that pace to continue for a doubling in
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Investors may want to get back to the basics when it comes to navigating the stock market volatility. According to F/m Investments CEO Alex Morris, they should consider increasing their exposure to bonds. “Particularly on the short end of the curve … there’s a lot of safe haven to be had there,” Morris said on
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Spencer Platt | Getty Images Stock market corrections are common First, there is some consolation for investors. Though they may feel painful, stock market corrections are fairly common. There have been 27 market corrections since November 1974, including last
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Check out the companies making headlines in midday trading: Boeing , Lockheed Martin — Defense contractor Lockheed Martin sold off around 5.8% after Bloomberg News reported that President Donald Trump chose Boeing instead for a contract to create the next-generation fighter jet. Boeing shares surged about 3.1%. Nike — Shares tumbled 5.5% after the athletic
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Check out the companies making headlines in premarket trading. FedEx — Shares tumbled more than 8% after the parcel delivery company slashed its full-year guidance , citing “weakness” in the U.S. industrial economy. FedEx now said to expect between $18 and $18.60 in earnings per share after certain exclusions, down from the range of $19
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Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 5, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Thursday there could be another painful period of volatility on the horizon as the fixed income guru sees heighted risk of a recession. “I believe that investors should have already upgraded their
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Check out the companies making headlines before the bell. QXO — The building products distributor added 4.8% after announcing it would acquire rival Beacon Roofing Supply in a deal worth $11 billion. The deal is expected to close by the end of April. Shares of Beacon were trading 2% higher. PDD Holdings — The Temu
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WASHINGTON – The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year. Faced with pressing concerns over the impact tariffs will have on a slowing economy, the rate-setting Federal Open Market Committee kept its key borrowing rate targeted
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Traders on the floor of the New York Stock Exchange on March 14, 2025, at the opening bell. Timothy A. Clary | Afp | Getty Images Uncertainty isn’t in short supply these days — and investors have taken notice. See-sawing policy from the White House has given investors whiplash on many fronts — with tariffs
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Check out the companies making headlines in midday trading: Tesla — Elon Musk’s electric vehicle company saw shares sliding another 5.2%, bringing month-to-date losses to around 23%. The sell-off came after Tesla’s China rival Zeekr said it is rolling out an advanced driver-assistance system for free . Meanwhile, RBC Capital Markets lowered its price target
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Respondents to the March CNBC Fed Survey have raised the risk of recession to the highest level in six months, cut their growth forecast for 2025 and hiked their inflation outlook. Much of the change appears to stem from concern over fiscal policies from the Trump administration, especially tariffs, which are now seen by them
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The market sell-off is not over yet as consumer and corporate confidence take a dive on tariff uncertainty, according to Deutsche Bank. “We see the selloff in US equities as having further to go,” Binky Chadha, chief strategist at Deutsche Bank, wrote Saturday. “With trade policy uncertainty likely to continue to weigh, at least until
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Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett’s love for Japanese stocks grows fonder even as he increasingly sells U.S. equities. The 94-year-old investor’s Berkshire Hathaway holding company raised its holdings in five Japanese trading houses — Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo — by more
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Treasury Secretary Scott Bessent speaking to CNBC on March 13th, 2025. CNBC Treasury Secretary Scott Bessent said Sunday the Trump administration is focused on preventing a financial crisis that could be the result of massive government spending over the past few years. “What I could guarantee is we would have had a financial crisis. I’ve studied
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The difference between Chinese and U.S. stocks is only getting clearer. The S & P 500 fell into correction on Thursday for the first time since 2023 . Meanwhile, the MSCI China index has surged double digits in its best start to a year in history, largely thanks to artificial intelligence, according to Goldman Sachs.
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Goldman Sachs Asset Management is trying to serve more investors looking for downside protection from market turmoil. Bryon Lake helped the firm launch its newest buffer exchange-traded fund this month: the Goldman Sachs U.S. Large Cap Buffer 3 ETF. “I’m an investor. You’re an investor. The folks watching are investors, and there’s an incredible amount
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The Deutsche Telekom pavilion at Mobile World Congress in Barcelona, Spain. Angel Garcia | Bloomberg | Getty Images BARCELONA — Europe’s telecommunication firms are ramping up calls for more industry consolidation to help the region compete more effectively with superpowers like the U.S. and China on key technologies like 5G and artificial intelligence. Last week
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Check out the companies making headlines in midday trading. Rubrik — The data management stock surged 25% after fourth-quarter results surpassed analyst expectations. Rubrik lost 18 cents per share, narrower than the consensus forecast for a loss of 39 cents from analysts polled by LSEG. The California-based firm posted $258 million in revenue, which also
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Check out the companies making headlines before the bell. Rubrik — The data management stock popped 18.5%. Rubrik beat Wall Street’s expectations, posting an adjusted loss of 18 cents per share for its fourth quarter, which was narrower than the 39 cent loss expected from analysts polled by LSEG. The company also reported $258 million
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Check out the companies making headlines in extended trading. Ulta Beauty — Shares of the beauty retailer popped 7% after the company exceeded expectations for the fourth quarter. Ulta earned $8.46 per share on revenue of $3.49 billion, while analysts anticipated $7.12 per share and $3.46 billion in revenue. Guidance for the full year was
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Check out the companies making headlines before the bell. Intel – The stock jumped 10% after the company said it had appointed Lip-Bu Tan – who was previously the chief executive of software company Cadence Design Systems – as its new CEO. Tan is replacing interim co-CEOs David Zinsner and MJ Holthaus. UiPath – Shares
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A customer shops for eggs at an H-E-B grocery store on Feb. 12, 2025 in Austin, Texas. Brandon Bell | Getty Images Inflation receded in February on the back of easing price pressures for consumer staples like gasoline, groceries and housing, amid worries that President Donald Trump’s tariff policies could stall progress. The consumer price
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Check out the companies making headlines in premarket trading. Groupon — Shares of the digital marketplace surged around 21% after the company’s full-year revenue guidance exceeded Wall Street’s expectations. Groupon issued a range of $493 million to $500 million, topping the consensus forecast of $491.5 from analysts polled by FactSet. The company also posted stronger
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A trader works on the floor of the New York Stock Exchange at the opening bell on March 10, 2025. Charly Triballeau | Afp | Getty Images The majority of the stocks in the S&P 500 are already in correction territory as the sell-off on Wall Street continues to drag the benchmark closer to that
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Hong Kong’s stock exchange reported its highest quarterly profit in nearly four years after China’s stimulus measures boosted trading and listing volume. Bloomberg | Bloomberg | Getty Images BEIJING — Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs. Net
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Check out the companies making headlines in after-hours trading: Delta Air Lines — Shares of the airline operator slid about 14%. The company dialed back its forecast for the first quarter, citing “the recent reduction in consumer and corporate confidence caused by increased macro uncertainty.” Delta now sees year-over-year revenue growth of 3% to 4%
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Check out the companies making headlines in premarket trading. Bank stocks — Shares of major banks were under pressure Monday as worries over a possible U.S. economic slowdown weighed on them. JPMorgan Chase dropped more than 1% along with Citigroup , Wells Fargo , Bank of America , Morgan Stanley and Goldman Sachs . DoorDash
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President Donald Trump listens during a Cabinet meeting at the White House on Feb. 26, 2025. Andrew Harnik | Getty Images News | Getty Images The Trump administration’s purge of federal staff may flood an unemployment benefits system ill-equipped to handle the deluge, triggering delays in aid for jobless workers, according to a new report.
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Chinese tech companies raced to launch new products in a week that saw Beijing double down on its calls to support artificial intelligence. An obscure Chinese startup that goes by the name Monica on Wednesday announced an invite-only AI application called Manus that claims to streamline analysis of resumes and financial information using several models
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They’re generally reserved for the ultrawealthy and financial institutions. But the exchange-traded fund industry is looking to give retail investors more access to alternative investments including private credit. BondBloxx’s Joanna Gallegos thinks it’s a great idea despite the asset class’ reputation for charging high fees and academic research that have shown sluggish returns. Her firm
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Check out the companies making headlines in midday trading: Costco — Shares shed nearly 7% after the retail giant’s earnings for the second quarter missed Wall Street estimates. Costco reported earnings of $4.02 per share for the period, below the $4.11 per share that analysts surveyed by LSEG were expecting. Second-quarter revenue, however, topped estimates.
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Jerome Powell, chairman of the US Federal Reserve, speaks during the University Of Chicago Booth School Of Business Monetary Policy Forum in New York, US, on Friday, March 7, 2025. Yuki Iwamura | Bloomberg | Getty Images NEW YORK — Federal Reserve Chairman Jerome Powell said Friday that the central bank can wait to see
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Chinese Minister of Foreign Affairs Wang Yi speaks during the 2023 Munich Security Conference in Germany on February 18, 2023. Johannes Simon | Getty Images News | Getty Images BEIJING — China’s Minister of Foreign Affairs Wang Yi struck a more conciliatory tone on U.S. relations during a high-profile press conference on Friday, in contrast
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Check out the companies making headlines in extended trading. Hewlett Packard Enterprise — Shares tanked 17% in extended trading. Hewlett Packard Enterprise issued weak guidance for the fiscal second quarter, calling for adjusted earnings to range from 28 cents to 34 cents per share on revenue between $7.2 billion and $7.6 billion. Analysts polled by
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China’s Minister of Finance Lan Fo’an speaks during a press conference in Beijing on Nov. 8, 2024. Adek Berry | Afp | Getty Images BEIJING — China has more room to act on fiscal policy amid domestic and external uncertainties, Finance Minister Lan Fo’an told reporters on Thursday. He was responding to a question during
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Check out the companies making headlines in after-hours trading: Marvell Technology — Shares of the semiconductor solutions provider plunged about 13%. In the fiscal fourth quarter, Marvell reported adjusted earnings of 60 cents per share on revenue of $1.82 billion, while analysts polled by LSEG forecast earnings of 59 cents per share on revenue of
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China’s navy showed off its J-15T fighter jet at the 2024 Zhuhai Air Show on Nov. 12, 2024. Nurphoto | Nurphoto | Getty Images China on Wednesday increased its defense spending by 7.2% this year, the same growth rate as in the prior two years, as Beijing seeks to “firmly safeguard” its national security. In
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Check out the companies making headlines after the bell : Ross Stores — The off-price retailer inched higher by about 1%. Fourth-quarter earnings surpassed estimates, coming in at $1.79 per share, versus analysts’ call for $1.66 per share, per LSEG. However, Ross sees first-quarter same-store sales ranging from down 3% to flat versus a 3%
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Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — China announced Tuesday it would impose additional tariffs of up to 15% on some U.S. goods from March 10 and restrict exports to 15 U.S.
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Check out the companies making headlines in midday trading: Intel — Shares declined 4.2%. Earlier in the day, shares rose more than 2% after Reuters, citing two sources familiar with the matter, reported that chipmakers Nvidia and Broadcom are running manufacturing tests with Intel . The tests signal that both companies are heading closer toward
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As excitement over DeepSeek moderated, JPMorgan gave its clients a warning: “Be careful: U.S.-China risks back in focus.” The Feb. 24 note cautioned that the White House’s new America First Investment Policy could trigger a pullback in Chinese stocks after the recent rally. Indeed, on Thursday U.S. President Donald Trump said an additional 10% tariff
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Warren Buffett at a press conference during the Berkshire Hathaway Shareholders Meeting on April 30, 2022. CNBC Legendary investor Warren Buffett made a rare comment on President Donald Trump’s tariffs, saying punitive duties could trigger inflation and hurt consumers. “Tariffs are actually, we’ve had a lot of experience with them. They’re an act of war,
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Check out the companies making headlines before the bell: Nvidia — Shares of the artificial intelligence chip darling fell around 2%, extending its 8.5% loss from the previous session. This comes on the heels of the company seeing a decline in its gross profit margin for the fourth quarter, and its revenue beat for the
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Jim Dyson | Getty Images News | Getty Images Citigroup mistakenly credited a customer’s account with $81 trillion last year when it meant to send just $280. The payment, which took place last April, was missed by two employees but caught 90 minutes after it was posted, the Financial Times first reported Friday. It was
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Elon Musk holds up a chainsaw onstage during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, U.S., February 20, 2025. Nathan Howard | Reuters The Consumer Financial Protection Bureau‘s Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency, according to testimony from employees. In a trove of
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Check out the companies making headlines in midday trading: Nvidia — The heavyweight chipmaker gained roughly 4% as traders piled into the stock near session close, taking back losses from the brief sell-off sparked by a tense exchange between President Donald Trump and Ukraine President Volodymyr Zelenskyy that sparked geopolitical concerns. Shares have lost momentum
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Check out the companies making headlines in extended trading. Autodesk — Shares popped nearly 7% after the design technology company exceeded expectations for fourth-quarter earnings. Autodesk earned $2.29 per share, excluding items, on $1.64 billion in revenue, while analysts polled by LSEG anticipated a profit of $2.14 a share and revenue of $1.63 billion. NetApp
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Omar Marques | Lightrocket | Getty Images There’s a new ETF in town. SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) will trade Thursday at the NYSE. This fund intends to invest at least 80% of its net assets in investment grade debt securities, including a combination of public credit and private credit. What’s
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Signage at the Nvidia Corp. offices in Taipei, Taiwan, on Tuesday, Jan. 28, 2025. Photographer: An Rong Xu/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images U.S. chipmaker Nvidia‘s auto segment revenue more than doubled in the latest quarter to a record high on strong demand for driver-assist software. While the company’s biggest revenue
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Check out the companies making headlines in after-hours trading: Snowflake — Shares of Snowflake popped more than 9% on the back of the company’s better-than-expected fourth-quarter report. The data cloud analytics company reported adjusted earnings of 30 cents per share on revenue of $987 million, while analysts surveyed by LSEG expected earnings of 17 cents
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Chinese animation blockbuster “Ne Zha 2” was released in late January alongside several other films for the local Spring Festival holiday period. Vcg | Visual China Group | Getty Images BEIJING — For someone who’s lived in China since before the pandemic, the success of the animated film “Ne Zha 2” marks more of an
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Sens. Elizabeth Warren, D-Mass., center, Amy Klobuchar, D-Minn., and Senate Minority Leader Charles Schumer, D-N.Y., conduct a news conference after the Senate Policy luncheons in the Capitol, March 14, 2017. Tom Williams | CQ Roll Call | Getty Images Democrat lawmakers led by Massachusetts Sen. Elizabeth Warren on Tuesday held a forum pushing back against
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Nitat Termmee | Moment | Getty Images The Trump administration’s tariff policies may raise auto insurance premiums for motorists, according to a new Insurify analysis, at a time when costs are already soaring. A 25% tariff on imports from Canada and Mexico — which may take effect as soon as March — would increase annual
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Check out the companies making headlines in after-hours trading: Hims & Hers Health — The telehealth stock fell more than 17%. Hims & Hers reported a gross margin of 77% for the fourth quarter, while analysts polled by StreetAccount expected 78.4%. This overshadowed the company’s top- and bottom-line beats for the quarter. Zoom Communications —
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Tensions between the world’s two largest economies have escalated over the last several years. Florence Lo | Reuters BEIJING — China is trying yet again to boost foreign investment, amid geopolitical tensions and businesses’ calls for more concrete actions. On Feb. 19, authorities published a “2025 action plan for stabilizing foreign investment” to make it easier
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U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” at Capitol Hill in Washington, U.S., Feb. 11, 2025. Craig Hudson | Reuters The popular narrative among Federal Reserve policymakers these days is that policy is “well-positioned” to adjust
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Investors may want to reduce their exposure to the world’s largest emerging market. Perth Tolle, who’s the founder of Life + Liberty Indexes, warns China’s capitalism model is unsustainable. “I think the thinking used to be that their capitalism would lead to democracy,” she told CNBC’s “ETF Edge” this week. “Economic freedom is a necessary, but not sufficient
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Warren Buffett’s Berkshire Hathaway raised its stakes in Mitsubishi Corp., Mitsui & Co., Itochu, Marubeni and Sumitomo — all to 7.4%. Bloomberg | Bloomberg | Getty Images Warren Buffett released Saturday his annual letter to shareholders. In it, the CEO of Berkshire Hathaway discussed how he still preferred stocks over cash, despite the conglomerate’s massive
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Check out the companies making headlines in midday trading: Novo Nordisk — Shares rose 4.9% after the Food and Drug Administration said Friday that the U.S. shortage of Novo Nordisk’s weight loss injection Wegovy and diabetes treatment Ozempic is resolved after more than two years. Hims & Hers Health — The telehealth stock, which offers compounded Wegovy and
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Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. CNBC Billionaire investor Steve Cohen doubled down on his negative view of the U.S. economy due to a backdrop of punitive tariffs, immigration crackdown and federal spending cuts spearheaded by the so-called Department of Government Efficiency. The chairman and CEO of
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GameStop Chairman Ryan Cohen. CNBC GameStop CEO and billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba to roughly 7 million shares worth about $1 billion, The Wall Street Journal reported Thursday. Citing people familiar with the matter, the Journal said the sizable stake in Alibaba is a bullish bet
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Check out the companies making headlines after the bell : Booking Holdings — The online travel company jumped 3% after fourth-quarter results surpassed analysts’ expectations. Adjusted earnings came in at $41.55 per share and revenue clocked in at $5.47 billion. Analysts were looking for $36.03 per share in earnings and $5.18 billion in revenue, per
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