Tyrone Siu | Reuters Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Check out the companies making headlines after the bell: Nvidia shares plummeted as much as 16 percent during after-hours trading Thursday after the company missed on revenue. The chipmaker reported

Ahead of the financial crisis, a buildup of leverage on bank balance sheets that went largely undetected by regulators helped cause the worst downturn since the Great Depression. Sen. Elizabeth Warren is afraid the same thing is happening again a decade later. The Massachusetts Democrat said Thursday that she thinks the Federal Reserve and its

Federal Reserve Chairman Jerome Powell expressed confidence in U.S. economic strength Wednesday and said markets will have to get used to the idea that the central bank could raise rates at any time starting in 2019. During a question-and-answer session in Dallas, Powell conceded that the global economy is not growing at the same pace

“It’s not the Cambridge Analytica stuff that’s [as] concerning as some of the other stuff with margins and what’s going on there,” he added. “But look, the stock still trades — it looks like it’s still trading at 16, 17 times” next year’s earnings estimates. Appaloosa also more than doubled its position in PG&E by

Levi’s had gone public once before, in 1971, generating proceeds of about $50 million. At the time, it was one of the largest ever IPOs, even as the family maintained a large stake. But while public, profits declined as did the company’s stock price. Descendants of Levi Strauss took the company private in a $1.7

ALBERTO PIZZOLI | AFP | Getty Images Italys Labor and Industry Minister and deputy PM Luigi Di Maio (L) and Italys Interior Minister and deputy PM Matteo Salvini smile before the swearing in ceremony of the new government at Quirinale Palace in Rome on June 1, 2018.  Italy’s populist government said it would stick with

Check out the companies making headlines after the bell: Blue Apron shares dropped as much as 5 percent during the extended session Tuesday after the meal-kit service announced it would take strategic actions to improve its profitability, including a 4 percent reduction of its workforce. Tilray shares dropped over 5 percent after hours when the

General Electric will reduce its stake in Baker Hughes to a slight majority position, the company announced Tuesday, bringing in much-needed cash for the embattled industrial conglomerate. The sale of Baker Hughes stock will bring GE’s stake to just over 50 percent in the oil field services company, down from 62.5 percent. With up to

China is committed to opening up its insurance sector just as it’s indicated, but it will be on its own time, said Mike Wells, Prudential Group CEO on Tuesday. “Beijing is saying they have a plan for greater opening, and I think like everything in China the time frame is misaligned with U.S. time frames,”

David Paul Morris | Bloomberg | Getty Images Pacific Gas & Electric Co. (PG&E) employees work to fix downed power lines burned by wildfires in this aerial photograph taken above Santa Rosa, California, U.S., on Thursday, Oct. 12, 2017. Check out the companies making headlines after the bell: PG&E shares rose as much as 2

Goldman Sachs shares slumped the most in two years after Malaysia’s finance minister demanded a full refund of fees it paid the bank tied to a doomed investment fund. The company were down 6.8 percent Monday afternoon, leading shares of financial firms lower amid a broad decline in equities. Goldman has attracted scrutiny for its

Daniel Roland | AFP | Getty Images Bill McDermott, CEO of German software giant SAP, addresses the media during the company’s annual financial statement at it’s headquarters in Walldorf near Heidelberg, southern Germany, on January 24, 2017.  SAP is acquiring Qualtrics for $8 billion, snapping up the survey software company just before its planned IPO.

The stock market can “absolutely” go higher even without technology stocks leading the way, Wharton School finance professor Jeremy Siegel told CNBC on Friday. Tech stocks, which have delivered the best returns in recent years, have been hammered lately. October was their worst month since 2008. “We might get surprised by [investors] moving into some

Then-Goldman Sachs CEO Lloyd Blankfein attended a 2009 meeting with the Malaysian financier later accused of plundering billions of dollars from his country’s investment fund, according to a person with knowledge of the situation. Blankfein, who retired as CEO last month, is the unidentified Goldman executive who attended the 2009 meeting in New York referenced

Daniel Loeb’s Third Point Capital added a new stake in American Express of 5 million shares, according to a filing with the Securities and Exchange Commission. American Express shares pared their losses following news of the stake from the activist hedge fund. The stock closed down 0.2 percent at $108.28 a share on Friday. “With

J.P. Morgan’s strategy goes further than jockeying for lead left. Namburi and Michael Millman, co-head of equity capital markets, also want to make more money for the bank when it’s second on an IPO. In pitching venture investors and later-stage start-ups, J.P. Morgan bankers are showing that when they work as the second bookrunner, alongside

Cory Disbrow | Getty Images The Main Street Philharmonic entertains guests at the Magic Kingdom, Walt Disney World, Florida. Disney’s better-than-expected earnings and upcoming streaming service have Wall Street glowing as the longtime media giant enters a whole new world of content delivery. Shares jumped nearly 3 percent in early trading Friday, adding to their

Check out the companies making headlines before the bell: General Electric – J.P. Morgan Securities analyst Stephen Tusa cut his price target on the stock to $6 from $10, saying the most recent earnings report was worse than expected on “almost all fronts.” Walt Disney – Walt Disney reported adjusted quarterly profit of $1.48 per

The lawyer for embattled private equity CEO Arif Naqvi says his client is not to blame for the collapse of his Abraaj investment fund, but admits that the scandal has done “some damage” to the reputation of Dubai. “There has been some damage, definitely,” Habib Al Mulla, executive chairman of Baker & McKenzie Habib Al

Check out the companies making headlines after the bell: Yelp stock plunged 27 percent in the extended session after the company missed revenue expectations for the third quarter and also provided weak guidance. The company reported $241 million in revenue, while analysts were expecting $245 million. The company cited a slowdown in advertising account growth

Shares of shoemaker Crocs rallied 27 percent Thursday after CEO Andrew Rees said strong clog sales helped the company post a surprise profit in the third quarter. “Clogs grew in every region. Our North American results were particularly strong as interest in our Classic Clog continued to climb,” Rees said Thursday. “It’s a staple for

If the Federal Reserve doesn’t raise interest rates in December, it could cause turmoil the stock market, former Wells Fargo CEO Dick Kovacevich told CNBC on Thursday. The central bank has recently come under attack by President Donald Trump, who has repeatedly criticized its decision to raise interest rates. Kovacevich said the Fed “has” to

California Democrat Rep. Maxine Waters said an investigation into President Trump’s personal financial dealings with Deutsche Bank is just one of several issues the House Financial Services Committee has on its plate. Waters, who is in line to take the chairman role on the committee next year when the Democrats take control of the House,

Financial technology has reached a tipping point for China’s Ping An Technology and future growth in that area is set to be exponential, according to CEO Ericson Chan. Years of investment and research into fintech is paying off, Chan told CNBC’s “Squawk Box” on Thursday. “I think we are just hitting a tipping point because

Check out the companies making headlines after the bell: Roku shares plummeted as much as 13 percent during after-hours trading Wednesday despite beating on its top and bottom lines. The company reported a smaller than expected loss per share of 9 cents, vs. an expected loss of 12 cents. Roku posted revenue of $173 million,

The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Intel Karen Finerman was a buyer of United Rentals Steve Grasso was a buyer of Electronic Arts Guy Adami was a buyer of Citigroup Trader disclosure: On November 6, 2018 the following stocks and commodities mentioned or

David A. Grogan | CNBC Congresswoman Maxine Waters speaking at the CNBC Capital Exchange event in Washington, D.C. on July 25th, 2018.  A fierce Trump critic and Wall Street foe appears poised to take control of the House’s powerful financial services committee. Rep. Maxine Waters has been the top Democrat on the banking panel since

Mark Wilson | Getty Images News | Getty Images The U.S. Capitol is shown on October 5, 2018 in Washington, DC. Later today the U.S. Senate will proceed with a cloture vote for Supreme Court Justice nominee Brett Kavanaugh which could could pave the way for a final vote on his confirmation to the high

Concern about when a near-historic U.S. economic expansion might end could actually hasten the arrival of the next recession, according to J.P. Morgan Chase Co-President Gordon Smith. “This late-cycle recession has the potential to become a self-fulfilling prophecy,” Smith said Tuesday during a financial conference held in New York. “There is a great deal of

Brendan McDermid | Reuters Tarang Amin (C), Chairman and CEO of cosmetics company e.l.f. Beauty Inc., rings the opening bell at the New York Stock Exchange (NYSE) to celebrate his company’s IPO in New York City, U.S. September 22, 2016.  Check out the companies making headlines after the bell: E.L.F. Beauty shares soared 22 percent