Spencer Platt | Getty Images Traders work on the floor of the New York Stock Exchange Friday morning on Feb. 9, 2018 in New York City. Check out the companies making headlines midday Wednesday: FedEx — Shares of FedEx dropped 5.14 percent after the company reported lower-than-expected third-quarter earnings and reduced its earnings outlook for
As China’s technology companies have become some of the largest in the world, they’re influencing the investing habits of their employees and customers, and spurring a new business of online stock trading. Real estate remains by far the hottest investment in China, but young people are increasingly turning to new smartphone apps to trade stocks.
One Wall Street firm is recommending its clients buy Lyft weeks before that’s even possible. The second-most popular ride-hailing app is gearing up to list on the Nasdaq at the end of March. According to its regulatory filing, Lyft expects to be valued at $20 billion. Montana- based firm D.A. Davidson isn’t waiting until shares,
Spencer Platt | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) on the last day of the trading year on December 31, 2018 in New York City. Check out the companies making headlines midday Tuesday: Deutsche Bank — Deutsche Bank shares dipped 2 percent a day after rallying on
Dimas Ardian | Bloomberg | Getty Images The PT Tokopedia logo is displayed at the company’s offices in Jakarta, Indonesia, on Friday, Feb. 19, 2016. Photographer: Dimas Ardian/Bloomberg via Getty Images Financial technology — or fintech for short — can be broadly defined as any digital innovation in financial services, such as insurance or online
Check out the companies making headlines after the bell: Shares of Tilray were up more than 2 percent in extended trading Monday following the release of the Canadian cannabis company’s fourth-quarter earnings. Tilray reported a loss of 33 cents on revenue of $15.5 million. Wall Street estimated revenue of $14.1 million. Brendan Kennedy, President and
Saul Loeb | AFP | Getty Images Federal Reserve Board Chairman Jerome Powell arrives to speak at a press conference after the Fed announced interest rates would remain unchanged, in Washington, DC, January 30, 2019. Goldman Sachs says the Federal Reserve is likely to let inflation run higher than its 2 percent target. The central
Johannes Eisele | AFP | Getty Images A trader laughs ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on February 1, 2019 in New York City. Stocks hit a new high for the year this week, back on track to match a post-election pattern that has stood the
A merged bank would likely be the third largest in Europe after HSBC and BNP Paribas, with roughly 1.8 trillion euros ($2.04 trillion) in assets, such as loans and investments, and a market value of about 25 billion euros. However, skeptics questioned the wisdom of a merger. “We do not see a national champion here,
One canadian pot company is making a huge splash in the U.S. market. Earlier this week, cannabis product retailer Harvest Health and Recreation announced it would buy competitor Verano Holdings for $850 million in an all-stock deal, marking the largest U.S. cannabis deal to date. The combined company will be one of the country’s largest
Stocks kicked off 2019 with a bang as U.S.-China trade tensions simmered while the Federal Reserve signaled patience in raising rates. However, stocks will need improving economic data to make a run at the record levels set last year. The Dow Jones Industrial Average and S&P 500 are both 4 percent away from their all-time
The S&P 500 closed up 2.9 percent for the week, its best so far this year. It’s now at the highest level since early October, after breaking through key resistance levels near 2815, where it failed several times. The S&P is now less than 4 percent from the old historic closing high (2,930 on September
The Fed’s meeting is the big deal for markets in the coming week, and it is widely expected to send a message that investors in both bonds and stocks could find bullish. But analysts in both markets say the Fed’s message has been well telegraphed, and market response could be tepid or even a “sell
Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 2, 2019. Check out the companies making headlines midday Friday: Broadcom — Shares of the chipmaker jumped more than 9 percent after the company reported better-than-expected earnings. Broadcom posted
Shares of Boeing rebounded Friday after a report that the plane manufacturer plans to roll out a software upgrade for its 737 Max aircraft in 10 days. The Federal Aviation Administration is expected to sign off on Boeing’s planned changes to its anti-stall software on March 25, a person familiar with the matter told CNBC.
Ten years off the financial crisis bottom, the stock market scored one of its best decades in nearly 140 years. According to Goldman Sachs, the 10-year trailing annual return for the S&P 500 of 15 percent ranks in the 94th percentile of all 10-year periods going all the way back to 1880. The typical 10-year
Check out the companies making headlines after the bell: Shares of Ulta Beauty jumped more than 4 percent in extended trading Thursday following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta reported earnings per share of $3.61 on revenues of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenues of
Waters, who grilled Sloan during a four-hour hearing into Wells Fargo’s consumer abuse issues on Tuesday, has called for his removal before. Other politicians, including Sen. Elizabeth Warren, a Democrat running for president, have also called for Sloan to resign, and Wall Street analysts have speculated that Sloan’s job may be in jeopardy. One bank
Check out the companies making headlines midday Thursday: General Electric — GE rose 2.8 percent in trading after CEO Larry Culp expressed optimism about the company’s struggling power business bouncing back in 2020 and 2021. While the company’s 2019 outlook was worse than analysts expected, Culp’s first forecast gave shareholders hope that GE’s fortunes have
The Chinese government has indicated it remains intent on cutting back pollution. Premier Li Keqiang said last week in his annual government work report that authorities will strengthen pollution prevention and control in the year ahead. At the same time, Li gave a lower economic growth target than last year, and said the country must
Check out the companies making headlines after the bell: Shares of database company MongoDB surged more than 17 percent after market close Wednesday based on better-than-expected fourth-quarter earnings. Beating on the top and bottom lines, the company reported an a loss of 17 cents per share, beating Refinitiv estimates by 21 cents. MongoDB earned $85.5
Brendan McDermid | Reuters Traders work on the floor of the New York Stock Exchange, October 30, 2018. Check out the companies making headlines midday Wednesday: Aurora Cannabis — Shares of Aurora Cannabis rose 10 percent in midday trading after the company announced that billionaire activist investor Nelson Peltz will join as a strategic advisor.
Companies in all nine regions of China planned to increase hiring, according to the survey. But the level of hiring intentions declined in seven of those regions, notably in Beijing and Shanghai. The report characterized the labor market in the capital city as “quiet” and said Shanghai “employers anticipate limited payroll gains.” Shenzhen and Chengdu,
Michael Nagle | Bloomberg | Getty Images Rob Roy, founder and chief executive officer of Switch Inc., center, rings the opening bell before the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, Oct. 6, 2017. Check out the companies making headlines after the bell: Switch
Apple‘s entry into TV streaming will be a game changer, according to Wedbush Securities. The tech giant on Monday announced a press event on March 25 where it is widely expected to unveil its TV streaming services that will offer iPhone and iPad owners access to free original showsalong with other streaming services. Wedbush is
Check out the companies making headlines after the bell: Shares of Stitch Fix surged more than 20 percent in extended trading Monday following the release of the personal styling company’s better-than-expected second-quarter earnings and strong full-year outlook. Stitch Fix posted earnings per share of 12 cents on revenues of $370 million. Wall Street expected earnings
Don’t expect exchange-traded funds to go anywhere, Invesco’s head of ETFs said Monday. “We went through the dotcom bubble bursting, the credit crisis and other extreme periods of time, and ETFs have continued to grow,” Dan Draper told CNBC’s Bob Pisani. Critics of ETFs say they can lead to increased volatility. Jack Bogle, the late
One Wall Street firm sees major upside for Facebook if its secretive cryptocurrency plan works out. The social network is reportedly developing a cryptocurrency that could be part of a multibillion-dollar revenue opportunity, Barclays internet analyst Ross Sandler said in a note to clients Monday. Sandler forecasted as much as $19 billion in additional revenue
Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump. While continuing to avoid direct comment on the president’s withering criticism of central bank interest rate policy, Powell told “60 Minutes” that Trump can’t remove him from office. “The law is
Earlier this week at the Barclays Center, 74 men and 1 woman got the chance to live out a dream — they became professional competitive gamers. The esports athletes were officially drafted for the second season of Take-Two’s NBA 2K League, the gaming giant’s esports league featuring their flagship NBA 2K sports video game franchise.