adminBerkshire Hathaway earnings 2024 Q2
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogan Berkshire Hathaway‘s cash pile…
ETFs see historic July according to State Street
It’s a July for the record books. State Street Global Advisors finds inflows into exchange-traded funds hit $127 billion. Not only was it the best July ever, but the firm’s…
Berkshire’s cash pile could top $200 billion as Buffett sells stock
Warren Buffett in Omaha, Nebraska, on May 3, 2024. David A. Grogan Berkshire Hathaway‘s highly scrutinized cash pile could top $200 billion — more than the entire annual gross domestic…
CVX, AAPL, CLX, AMZN and more
Check out the companies making headlines in midday trading: Chevron — Stock in the oil major slipped 2.7% after the company’s second-quarter earnings missed Wall Street estimates. Chevron reported adjusted…
MAS sets up review group in bid to revive its SGX development
Signage for the Monetary Authority of Singapore (MAS) is displayed outside the central bank’s headquarters in Singapore. Sam Kang Li | Bloomberg | Getty Images Singapore’s central bank established a…
AAPL, AMZN, INTC and more
Customers are trying on and learning about Apple Vision Pro headsets at an Apple store in Shanghai, China, on July 22, 2024. Costfoto | Nurphoto | Getty Images Check out…
BA, VST, MTCH and more
Check out the companies making headlines in midday trading: Pinterest — Shares tumbled more than 14% after the social media company’s forward guidance came in below estimates. The company issued…
Stocks making the biggest moves after hours: META, QCOM, ARM
Check out the companies making headlines after the bell : Meta Platforms — Shares of the social media giant rallied more than 4%. Meta Platforms topped revenue and earnings expectations…
What you need to know
US Federal Reserve Chair Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington,…
JBLU, SFM, VRNS and more
Check out the companies making headlines in midday trading: JetBlue — The airline soared more than 12% after reporting second-quarter earnings that beat analysts’ expectations . The New York City-based…
Stocks making the biggest moves midday: DIS, DXCM, MCD, ON
Check out the companies making headlines in midday trading: McDonald’s — McDonald’s shares jumped nearly 4% even after the fast-food giant posted quarterly earnings and revenue that fell short of…
Stocks making the biggest moves after hours: CHK, FFIV, LSCC
Check out the companies making headlines after the bell : F5 — The tech stock surged 14% in after-hours trading after the company reported a blowout quarterly report. F5 posted…
MMM, DXCM, SG, TXRH and more
Check out the companies making headlines in midday trading: 3M — The stock skyrocketed 23% to hit a 52-week high after the maker of office supplies and adhesives reported stronger-than-expected…
China just expanded its efforts to boost consumption. Here are some stocks to watch
China has, in its own way, signaled it wants to support specific kinds of consumer purchases. Authorities on Thursday announced the equivalent of 300 billion yuan ($41.5 billion) in special…
‘Climate gentrification’ fuels higher prices for longtime Miami residents
A development towers over the Lyric Theater in Miami’s Overtown neighborhood. Greg Iacurci MIAMI — Nicole Crooks stood in the plaza of the historic Lyric Theater, a royal blue hat…
Big short traders are very long gold, say Moses, Collins and Daniel
“The Big Short” traders Danny Moses, Vincent Daniel and Porter Collins are focused on one of their top long bets: gold. “I just don’t think Americans have enough gold in…
Bill Ackman’s IPO of Pershing Square closed-end fund postponed: NYSE
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square’s U.S. closed-end fund,…
Frank Cappelleri on using charts to successfully navigate the markets
For Frank Cappelleri, technical analysis — reading charts to identify patterns in stocks and other assets — is not an art or a science. “It’s both.” That’s because, “I can…
F, VKTX, NOW and more
Check out the companies making headlines in midday trading: Ford Motor — The automaker’s stock fell more than 17% after reporting second-quarter earnings that missed Wall Street’s expectations. Ford posted…
hedge fund manager Dan Niles
Hedge fund manager Dan Niles sees this week’s tech sell-off as confirmation that the trade is in significant trouble. Niles sees the market’s response to Google parent Alphabet ‘s quarterly…
Why you may get a smaller pay raise in 2025
Hinterhaus Productions | Stone | Getty Images Many workers will see their annual raise shrink next year as the job market continues to cool from its torrid pace in the…
SPOT, UPS, PNR and more
Check out the companies making headlines in midday trading: Spotify Technology — Shares surged 12% after the music streaming company posted better-than-expected second-quarter earnings. Gross margin and operating income also…
Stocks making the biggest moves after hours: Cleveland-Cliffs, Nucor, NXP Semiconductors and more
These are the stocks posting the largest moves in extended trading.
CrowdStrike, Bank of America, Nvidia, Verizon and more
Check out the companies making headlines before the bell: CrowdStrike — The cybersecurity stock dropped 4% after Guggenheim downgraded CrowdStrike to neutral from buy, saying the company is unlikely to…
Stocks making the biggest premarket moves: CrowdStrike, American Express, SLB, Travelers and more
These are the stocks posting the largest moves in the premarket.
What recent small cap rally says about risk
The money flow into small caps may not be a rotation from winning growth trades. Dave Nadig, ETF journalist and financial futurist, sees investors “just buying, buying, buying.” “What we’re…
CRWD, PLUG, CMA and more
Check out the companies making headlines in midday trading. CrowdStrike – The stock fell more than 11% after an update by the cybersecurity firm caused a major IT outage that…
Facing trade tensions, China says it will focus on its own economy
Real estate building under construction in Qingjiangpu District, Huai ‘an City, Jiangsu province, China, on July 15, 2024. Cfoto | Future Publishing | Getty Images BEIJING — Top Chinese officials…
Stocks making the biggest moves after hours: UAL, DFS, KMI
Check out the companies making headlines in after hours trading. Discover Financial Services — Shares rose 2.7% after Discover Financial Services reported results from its second quarter. The bank and…
Fed Governor Waller sees central bank ‘getting closer’ to an interest rate cut
Federal Reserve Board Governor Christopher Waller poses before a speech at the San Francisco Fed, in San Francisco, California, U.S., March 31, 2023. Ann Saphir | Reuters Federal Reserve Governor…
Stocks making the biggest moves after hours: FIVE, IBKR, JBHT
Check out the companies making headlines in after-hours trading. Five Below — Five Below shares tumbled nearly 9% after the discount retailer announced in a press release that its chief…
Stocks making the biggest moves premarket: DJT, AAPL, SMCI
Check out the companies making headlines before the bell: Trump Media & Technology — Shares of the Truth Social parent popped more than 50% following the attempted assassination of former…
Stocks making the biggest moves midday: DJT, M, GS, COIN
Check out the companies making headlines in midday trading: Humana , UnitedHealth Group — Health care insurers rose as a group Monday as the greater likelihood of a Donald Trump…
China reports second-quarter GDP growth of 4.7%, missing expectations
Chinese-made cars wait to be loaded onto a ship for export at Yantai Port on July 12, 2024, in Shandong province of China. Vcg | Visual China Group | Getty…
China’s Third Plenum kicks off this week. How investors can play it
The more dire predictions for China’s highly anticipated “Third Plenum” that kicks off Monday hint at constraining the financial sector, despite slowing economic growth. What’s widely expected, on the other…
Banks get closer to releasing deposits of stranded customers
Oscar Wong | Moment | Getty Images There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months.…
WFC, JPM, TSLA, CVNA and more
Check out the companies making the biggest moves in premarket trading: Wells Fargo — Shares tumbled 6% after the bank reported $11.92 billion in net interest income for the second…
Stocks making the biggest moves midday: Wells Fargo, JPMorgan, AT&T, Carvana and more
These are the stocks posting the largest moves in midday trading.
Here’s the deflation breakdown for June 2024 — in one chart
Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers. Deflation measures how quickly prices are falling for a…
China to hold Third Plenum. Why real estate isn’t likely the main focus
The Third Plenum, set for July 15-18, is one of the most important political meetings of the Chinese Communist Party. Bloomberg | Bloomberg | Getty Images BEIJING — China’s real…
DAL, SOUN, WDFC, TSLA and more
Check out the companies making headlines in midday trading: Delta Air Lines — The stock fell almost 5% after the airline issued a sales growth forecast for the third quarter…
China’s robotaxi push sparks concerns about job security for drivers
More than 70% of Baidu Apollo Go robotaxi rides in Wuhan were fully driverless as of April, and the company said in May it expected 100% of the rides to…
INTU, AMD, LZ, BIDU and more
Check out the companies making headlines in midday trading: Intuit — Shares of the TurboTax parent company fell nearly 4% after it said it will slash 1,800 jobs , or…
China’s inflation numbers miss expectations, rising 0.2% in June
Consumers are shopping at a supermarket in Qingzhou, China, on June 12, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s consumer price inflation rose by 0.2% in June…
NVDA, GLW, HELE, PATH and more
Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling popped 1.8% following KeyBanc’s price target hike to $180, which implies about 40%…
Chance of Biden dropping out of presidental race is 40%, Stifel says
There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls…
PARA, MORF, IDYA and more
Check out the companies making headlines in midday trading. Paramount Global — The media and entertainment company shed 2% after it agreed to merge with Skydance Media . Skydance and…
Job scams surged 118% in 2023, aided by AI. Here’s how to stop them
Ridvan_celik | E+ | Getty Images Employment scams surged last year, as criminals leveraged artificial intelligence to steal money and personal information from unsuspecting job seekers, experts said. Consumer reports…
A soaring Nasdaq and Nvidia in the U.S. make China’s stocks look worse
Mainland China investors these days are often focused on how well U.S. stocks are doing — and bemoaning tepid performance at home. Sure, there are clear macroeconomic differences. And hardly…
Stocks making the biggest moves premarket: M, TSLA, NVO
Check out the companies making headlines before the bell. Crypto stocks — Stocks tied to bitcoin price slid after the cryptocurrency dropped 5% to its lowest level since February ,…
Weight loss stocks should grab big gains, Tema ETFs’ CEO suggests
Tema ETFs has been capitalizing on the risk appetite for weight loss stocks. It is behind the GLP-1, Obesity & Cardiometabolic ETF (HRTS), which is up 26% since its inception…
Rent a car for a road trip, or drive your own? 5 things to consider
Patchareeporn Sakoolchai | Moment | Getty Images Summer is the season of road trips. A record 70.9 million Americans are expected to travel by car during the July Fourth holiday…
M, INST, NVO and more
Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling fell 1% after a rare negative call on Wall Street . New Street…
FOMC not ready to cut rates until ‘greater confidence’ inflation is moving to 2% goal
Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates, minutes released Wednesday showed.…
China hopes for solution with EU on EV tariffs ‘as soon as possible’
Employees work on the assembly line of electric vehicles in a digital automotive factory of Jiangling Motors on May 17, 2024. Vcg | Visual China Group | Getty Images BEIJING…
Hong Kong’s IPO market is set to improve over the next five years
Hong Kong Exchanges and Clearing celebrates the 24th anniversary of its listing on June 21, 2024. China News Service | China News Service | Getty Images BEIJING — The market…
‘Early innings’ of a U.S. manufacturing boom: Tema ETFs CEO
One exchange-traded fund is betting on a U.S. manufacturing job resurgence. Tema ETFs CEO and founder Maurits Pot is behind the American Reshoring ETF (RSHO) that focuses on industrials. “Some…
U.S. needs more tungsten. China is a major supplier of the critical metal
Pictured here is a stone with tungsten ore inside a mine in Germany run by Saxony Minerals and Exploration. Picture Alliance | Picture Alliance | Getty Images BEIJING — China…
Stocks making the biggest midday moves: Tesla, Polestar, Paramount Global and more
These are some of the stocks posting the largest moves in midday trading.
Revolut boss confident on UK bank license approval after record profit
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — The boss of British financial technology giant Revolut told CNBC he…
Chewy shares turn negative as the boost from Roaring Kitty’s new stake diminishes
Keith Gill, aka Roaring Kitty, hosting a YouTube livestream on June 7th, 2024. Source: Roaring Kitty | YouTube The rally in Chewy shares lost steam Monday as traders reacted to…
Buffett donates another $5.3 billion, says his children will run estate
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett on Friday made his biggest annual donation to date, giving…
Play China’s EV industry consolidation with this stock: Morgan Stanley
Morgan Stanley has resumed coverage of Hong Kong-listed Geely with an overweight rating on expectations the Chinese automaker can weather macro and industry uncertainties. Fierce competition in China’s new energy…
Apple Vision Pro starts deliveries at higher price in China than U.S.
The Apple Vision Pro mixed-reality headset is on sale at the Apple flagship store in Hangzhou, Zhejiang Province of China, on June 28, 2024. Vcg | Visual China Group |…
Growth, value stocks could see boost from Russell rebalancing
A bullish move may be ahead for both value and growth in the year’s second half. VettaFi’s Todd Rosenbluth thinks value stocks, which have been market laggards, could get a…
JPMorgan, Morgan Stanley boost share buybacks as rivals take smaller steps
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee…
Stocks making the biggest moves midday: Trump Media, Kura Sushi, Nike and more
These are the stocks posting the largest moves in midday trading.
AI’s power is worthless without data privacy
Honor CEO George Zhao (L) and GSMA CEO John Hoffman on stage at Shanghai Mobile World Congress during an awards ceremony on June 27, 2024. Honor HANGZHOU, China — The…
Supreme Court curbs SEC powers to enforce securities laws
View of the U.S. Supreme Court on the day justices issue orders in pending appeals in Washington, U.S., June 24, 2024. Nathan Howard | Reuters WASHINGTON — Liberal Justice Sonia…
All 31 banks pass annual exercise
Federal Reserve Board Vice Chair for Supervision Michael Barr testifies before a House Financial Services Committee hearing on the response to the bank failures of Silicon Valley Bank and Signature…
RIVN, FDX, WHR and more
Check out the companies making headlines in midday trading: Rivian Automotive — The stock surged more than 20% following the announcement that the electric vehicle startup secured a $5 billion…
Europe risks falling behind US and China on AI: Prince Constantijn
Prince Constantijn is special envoy to Techleap, a Dutch startup accelerator. Patrick Van Katwijk | Getty Images AMSTERDAM — Europe is at risk of falling behind the U.S. and China…
Here’s what to know about buying life insurance
Shapecharge | E+ | Getty Images Fewer Americans are buying life insurance than in the past, which suggests households may be at financial risk in the event of an unexpected…
NVDA, RACE, PLNT, CNK, more
Check out the companies making headlines in premarket trading. ResMed , Eli Lilly — ResMed tumbled 11.8% following a news release from last Friday saying Eli Lilly’s tirzepatide weight loss…
RMD, AFRM, NVDA, BUD and more
Check out the companies making the biggest moves midday: Inspire Medical Systems , ResMed — Inspire Medical Systems and ResMed, which manufacture devices to treat obstructive sleep apnea, dropped 14%…
Stocks making the biggest moves premarket: GILD, SRPT, NKE
Check out the companies making headlines before the bell. Nvidia — Shares dipped 2%, adding to losses from Thursday, when Nvidia closed down 3.5%. The decline comes after the AI…
China growth worries have hit Moutai. Some see opportunity
Prices of a prestigious Chinese alcohol brand are falling, stoking worries about economic growth. “Flying Fairy,” a 53% alcohol from Shanghai-listed Kweichow Moutai , saw wholesale prices drop by more…
Stocks are in their longest stretch without a 2% sell-off since the financial crisis
Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 11, 2024. Angela Weiss | Afp | Getty Images Wall Street’s climb to record…
SRPT, HTZ, ASAN and more
Check out the companies making headlines in midday trading. Sarepta Therapeutics — Shares of the biopharma company surged 30% after the U.S. Food and Drug Administration approved the expanded use…
Nearly $109M in Yotta customer deposits vanish
Tsingha25 | Istock | Getty Images Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks…
Citigroup, JPMorgan Chase, Goldman Sachs hit by regulators
Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September…
China talks up support for IPOs. Investors are watching the speed of approval
A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City,…
How investors can stay protected with emerging market opportunities
Investors may want to consider hedging their emerging market plays, according to one exchange-traded fund expert. Ben Slavin, global head of ETFs and managing director at BNY, said that while…
Fitch pushes back China rate cut as Fed holds interest rates steady
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — Ratings agency Fitch…
GME shares drop to session lows after annual meeting fails to offer details on firm’s strategy
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. Brendan McDermid |…
Starboard has Autodesk stake, weighs suit over probe disclosure
Jeffrey Smith, CEO and chief investment officer at Starboard Value LP. David Paul Morris | Bloomberg | Getty Images Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake…
Japan did it first. Chinese stocks with some of the biggest global upside
If the international expansion of Japanese companies is any guide, Chinese companies still have significant potential left in the global market. That’s according to HSBC analysts. They found that for…
Avoid concentration risk with this value play, ETF expert suggests
Investors worried about concentration risk in the market may want to consider value-oriented investments. Avantis Investors chief investment strategist Phil McInnis suggests taking a more diversified approach than simply looking…
Avoid concentration risk with this value play, ETF expert suggests
Investors worried about concentration risk in the market may want to consider value-oriented investments. Avantis Investors chief investment strategist Phil McInnis suggests taking a more diversified approach than simply looking…
Stocks making the biggest moves midday: ADBE, RH, HAS
Check out the companies making headlines in midday trading: Adobe — The software stock surged 14.5% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31…
CleverCards, a configurable payments startup, raises $8.6 million
Miragec | Moment | Getty Images A startup that uses technology to stop employees from abusing corporate expenses just raised 8 million euros ($8.6 million) of funding from investors, defying…
Roaring Kitty’s GameStop stake grows to 9 million shares
Keith Gill, aka Roaring Kitty, hosting a YouTube livestream on June 7th, 2024. Source: Roaring Kitty | YouTube Meme stock champion Keith Gill, known as “Roaring Kitty” online, seemed to…
Fintech has hit a bottom after valuation plunge, execs and VCs say
Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to show in terms of business metrics and fundamentals. Bloomberg |…
Robotics startup cofounded by Synapse CEO raises funds with exaggerated GM claims
3alexd | E+ | Getty Images A humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds by claiming close ties…
$1 billion in EV tax credits issued upfront to buyers, say Treasury, IRS
Halfpoint Images | Moment | Getty Images The federal government has issued more than $1 billion in tax credits as an upfront cash incentive to buyers of electric vehicles, the…
Affirm buy now, pay later loans coming later this year
Chris Ratcliffe | Bloomberg | Getty Images Apple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, the companies said Tuesday.…
Stocks making the biggest moves midday: LUV, GME, AMD
Check out the companies making headlines in midday trading: Southwest Airlines — The stock rose 7% after activist hedge fund Elliott Management amassed a $1.9 billion stake in Southwest Airlines.…
Why high interest rates make it tough to tap home equity
Cultura Rm Exclusive/twinpix | Image Source | Getty Images Home equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial advisors.…
China’s consumers are spending on experiences. Travel stocks to watch
China’s biggest food delivery platform is seeing a trend: more spending on experiences. “More and more consumers are willing to allocate a larger portion of their budget to travel,” Wang…
The cost of buying famous TV and movie homes
The original house used in the “Home Alone” movies on Nov. 8, 2021. Erin Hooley/Chicago Tribune/Tribune News Service via Getty Images An array of iconic homes are for sale —…
Apollo’s co-president said it is one of the few private equity firms OK with higher rates
Back in December 2023, when the market was pricing in six or so rate cuts, Apollo Asset Management Co-President Scott Kleinman had a more contrarian view: He said he’d be betting against…
Retail investors may be a step closer to investing in unicorns
An alternative trading platform CEO wants to revolutionize private equity investing to help mitigate a stalling initial public offering market. So, Forge Global’s Kelly Rodriques partnered with Accuidity to launch…
Stocks making the biggest moves midday: GameStop, Vail Resorts, DocuSign, Skechers and more
These are the stocks posting the largest moves midday.
Trustee says $85 million of customer savings is missing
Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3, 2021. Al…
The best banks in the Asia-Pacific region, according to customers
SINGAPORE — Customers in Asia-Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing environment. After a prolonged period of high inflation — and…
Stocks making the biggest moves after hours: MTN, DOCU, IOT, BRZE
Check out the companies making headlines in extended trading: Vail Resorts — The resort operator saw its stock fall more than 5% after posting fiscal third-quarter earnings of $9.54 per…
Corporate card unicorn Payhawk plans acquisitions to expand in US
Saravutvanset | Room | Getty Images AMSTERDAM, Netherlands — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the corporate spend management world and…
Stocks making the biggest moves after hours: LULU, FIVE, CXM
Check out the companies making headlines after the bell : Lululemon Athletica — The athleisure maker popped 12% on strong first-quarter results that surpassed Wall Street’s estimates on the top…
U.S. ignored evidence StanChart was serving sanctioned Iran groups: Whistleblower
Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Recent documents submitted to a U.S. federal court allege that major British bank Standard Chartered helped…
Stocks making the biggest moves after hours: CRWD, HPE, VRNT
Check out the companies making headlines in after-hours trading: CrowdStrike — The cybersecurity company jumped 7% after offering better-than-expected quarterly results and guidance. CrowdStrike posted adjusted earnings of 93 cents…
‘Roaring Kitty’ post seems to show trader held onto giant GameStop stake after Monday’s rally
Keith Gill, known on Reddit under the pseudonym DeepF——-Value and as Roaring Kitty, is seen on a fragment of a youtube video displayed on a smartphone screen in front of…
E-Trade is debating whether to ban meme stock star Keith Gill: WSJ
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images E-Trade is having internal discussions about whether to ban Keith Gill — the meme stock trader who just disclosed a…
GameStop shares surge as ‘Roaring Kitty’ trader posts account showing $116 million position
Meme stock GameStop rallied again Monday on speculation Keith Gill, the man who inspired 2021’s epic short squeeze, could have a huge position in the video game retailer. Shares in…
‘No quid pro quo’ between Trump and oil execs, Gov. Burgum says
Kathryn Burgum aplauds as her husband Republican Governor of North Dakota Doug Burgum shakes hands with former US President and 2024 presidential hopeful Donald Trump during a Caucus Night watch…
Italy braces for record wave of tourists, but is having trouble handling them
Tourists line a street in Venice, Italy, on Saturday, March 16, 2024. Venice collected €37 million in overnight tourist taxes in 2023, with hotels charging guests anywhere between €1 and…
Major cryptocurrency shift due to SEC Ethereum ETF ruling: VanEck CEO
VanEck CEO Jan van Eck sees a major sentiment shift underway in the cryptocurrency market linked to the U.S. Securities and Exchange Commission’s approval of a rule change allowing for…
Bill Ackman selling Pershing Square stake at $10.5B valuation
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Billionaire investor Bill Ackman is…
Stocks making the biggest moves midday: GPS, MDB, DELL
Check out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 18% after executives cautioned that its gross margins could face more pressure in 2025.…
UBS backs $37 million round for climate fintech startup Doconomy
From left to right: Johan Pihl, Doconomy’s chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder. Doconomy Swedish climate-focused financial technology startup Doconomy told CNBC on…
DELL, MDB, ZS, GPS and more
Check out the companies making headlines in extended trading. Zscaler — Shares surged nearly 15% after Zscaler topped third-quarter expectations on the top and bottom lines. The cloud security company…
Trustly posts 51% profit jump; CEO says IPO at least 2 years out
Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening,…
CRM, PATH, CPRI and more
The logo for Salesforce is displayed on the Salesforce Tower in New York City on March 7, 2019. Brendan Mcdermid | Reuters Check out the companies making headlines in extended…
Chinese tourists pick cheaper destinations, fueling local spending
A night in China’s Guizhou province at the Cliff Hotel, pictured here, starts around $83, according to Trip.com, which says the hotel was built in 2023 with 34 rooms. Nurphoto…
Stocks making the biggest moves after hours: AAL, HOOD, BOX
Check out the companies making headlines in after-hours trading: Robinhood — The retail brokerage added 4.5% after the company announced a $1 billion share repurchase program. Robinhood management expects to…
Here’s when paying with cash can be better than credit card
Ryanjlane | E+ | Getty Images Sometimes, it pays to pay with cash. More merchants are offering a lower price to customers who use cash rather than credit card…
Weight loss drug ETF bets big on Eli Lilly, Novo Nordisk
A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs. Roundhill Investments’ GLP-1 & Weight Loss ETF (OZEM), which began trading last week, pairs…
Alibaba’s global arm signs David Beckham as international e-commerce brand ambassador
Alibaba’s international e-commerce platform AliExpress is a UEFA Euro 2024 sponsor and has signed David Beckham as its global brand ambassador. AliExpress BEIJING — Soccer star David Beckham will promote…
Clarity? In this economy?
Things look solid with the election five months out, but Americans are torn between hopeful and stuck on a “hamster wheel.”
Why you may be saving more in your 401(k) — and not even know it
Aleksandarnakic | E+ | Getty Images You may be saving more money for retirement and not even know it. An increasing share of employers are automating how people save in…
Resort day passes offers travelers luxury on a budget
Avid traveler Lora Bowler is cutting back on vacation spending. That doesn’t mean she’s skipping the resort. The New York resident said she spent more in 2023 than she had…
How private equity rolled Red Lobster
Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was America’s largest casual dining operation, serving 64 million customers a…
Stocks making the biggest moves midday: WDAY, LCID, TOST, DECK
Check out the companies making headlines in midday trading: Ross Stores — The discount retailer popped nearly 10% on strong first-quarter results. Ross Stores posted earnings of $1.46 per share…
Stocks making the biggest moves midday: NVDA, BA, LYV
Check out the companies making headlines in midday trading. Nvidia — The chipmaker and artificial intelligence beneficiary spiked 9.3% after Nvidia posted strong fiscal first-quarter results , issued better-than-expected guidance…
Stocks making the biggest moves after hours: ROST, INTU, WDAY, DECK
Check out the companies making headlines in extended trading. Ross Stores – Shares of the discount clothing store jumped 7%. Ross Stores reported first quarter earnings of $1.46 per share…
China’s ‘Magnificent Seven’ gets new ETF
Roundhill Investments wants to mimic the success of its Magnificent Seven ETF (MAGS) in China. The firm’s CEO Dave Mazza plans to launch the Lucky Eight ETF, which aims to…
Customers say they can’t access funds
Sarinyapinngam | Istock | Getty Images A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for…
DocuSign CEO says wants to stay public after PE takeover speculation
The DocuSign website is seen on a laptop in Dobbs Ferry, New York, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Contract management platform DocuSign is committed to…
Stocks making the biggest moves after hours: URBN, VSAT, TOL
Check out the companies making headlines after the bell : Urban Outfitters — The clothing retailer added nearly 8% after beating estimates on its first-quarter results. Urban Outfitters reported adjusted…
China’s sweeping measures to prop up the property sector will need time
A real estate construction site in Wanxiang City, Huai ‘an City, East China’s Jiangsu province, May 17, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — China’s sweeping…
JPMorgan stock is too expensive
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.…
April retail sales, industrial production, investment data
Pictured here is a BYD factory producing new energy-powered trucks in Huai’an, China, on February 21, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China reported data Friday that…
China’s hot EV market no longer focused on lower prices. Stocks to watch
Winning in China’s electric car market is no longer just about having the cheapest price. Despite new U.S. tariffs , the Chinese electric car industry is already moving into a…
Stocks making the biggest moves premarket: GameStop, Reddit and more
Check out the companies making headlines before the bell: GameStop — Shares dropped more than 20% after the video game retailer said it plans to sell 45 million common shares…
Crypto fraud and poor regulation may jeopardize ether ETF approval
The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. But it will likely fail due to a lack of…
Walmart bubble due to high-income grocery spending, warns Bill Simon
Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat on quarterly results, former Walmart U.S. CEO Bill Simon warns…
Stocks making the biggest moves midday: GME, RDDT, AMD, HOOD
Check out the companies making headlines in midday trading: GameStop — Shares tumbled 19.7% after the video game retailer said it plans to sell up to 45 million class A…
HSBC shares fall amid reports top shareholder Ping An may sell shares
Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019. Anthony Kwan | Bloomberg | Getty…
Canada Goose (GOOS) Q4 earnings report 2024
Chris So | Toronto Star | Getty Images Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was…
Chubb is Warren Buffett’s Berkshire Hathaway secret stock pick
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett finally revealed his secret stock pick in a new regulatory…
Stocks making the biggest moves after hours: CB, CSCO, PANW
Check out the companies making headlines in extended trading. Chubb — The property and casualty insurer gained nearly 6% after Berkshire Hathaway revealed it has bought nearly 26 million shares…
China’s economy reveals pockets of softness ahead of Friday’s data
People purchasing fruit at an agricultural trade market on May 11, 2024 in Lianyungang, Jiangsu Province of China. Vcg | Visual China Group | Getty Images BEIJING — As China’s…
Stocks making the biggest moves after hours: BOOT, NXT, DLO
Check out the companies making headlines after the bell : Boot Barn — The western apparel and footwear stock slid 7% after issuing light revenue and earnings guidance for the…
Stocks making the biggest moves midday: WBA, GME, INTC, HOOD
Check out the companies making headlines in midday trading: Walgreens Boots Alliance — The stock advanced 5.4% on news that Walgreens is looking for potential buyers for its $8.8 billion…
GameStop, AMC soar more than 70% each as ‘Roaring Kitty’ meme trader resurfaces
GameStop and AMC shares rallied dramatically on Monday after “Roaring Kitty,” the man who inspired the epic short squeeze of 2021, posted online for the first time in roughly three years. The…
House buyers in China’s Tianjin have been waiting 8 years for their homes
People wait at the train station of Wu Qing, Tianjin, on January 8, 2016. Fred Dufour | Afp | Getty Images BEIJING — A group of around 1,500 homebuyers in…
Big short trader Danny Moses warns Tesla is vulnerable to 70% drop
Tesla shares are still vulnerable to a big decline ahead, according to investor Danny Moses of “The Big Short” fame . Even with the electric-vehicle maker’s stock down 32% so…
Inflation ETF may be in a sweet spot even if Fed cuts rates
It’s an exchange-traded fund designed to profit from higher rates. But even if the Federal Reserve starts to cut this year, Horizon Kinetics’ James Davolos thinks his firm’s Inflation Beneficiaries…
Bronze bust of the late Charlie Munger wowed crowd in Omaha at Berkshire meeting
Artist Yu Shu creates sculptures of Charlie Munger. Courtesy: Yu Shu OMAHA, Neb. — A 24-inch tall, bronze bust sculpture of the late Charlie Munger became a conversation piece for…
The rule capping credit card late fees at $8 is on hold — here’s what it means for you
Rohit Chopra, director of the Consumer Financial Protection Bureau, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., Dec. 15, 2022. Ting Shen | Bloomberg…
Sweetgreen shares soar 34% after company beats revenue expectations
People dine outside a Sweetgreen in Manhattan. Jeenah Moon | The Washington Post | Getty Images Sweetgreen shares surged nearly 34% on Friday after the company topped Wall Street’s revenue…
European companies in China are under pressure from slower growth, overcapacity
A robot is producing auto parts on the production line of an auto parts company in Minhou County, Fuzhou, China, on May 7, 2024. Nurphoto | Nurphoto | Getty Images…
PLNT, AMC, ABNB, RBLX and more
Check out the companies making headlines in midday trading. Planet Fitness — Shares jumped 5.6% after trading lower premarket Thursday. First-quarter earnings excluding one-time items of 53 cents a share…
Stocks making the biggest moves after hours: ABNB, HOOD, ARM, EQIX
A key is seen in front of a computer screen displaying the Airbnb logo in Ankara, Turkey, on Nov. 22, 2023. Dilara Irem Sancar | Anadolu | Getty Images Check…
Stocks making the biggest moves midday: UBER, INTC, LYFT, RIVN
Check out the companies making headlines in midday trading: Uber Technologies — The ride-hailing giant fell 5.7% after posting mixed first-quarter results . The company’s overall revenue exceeded expectations, coming…
HD Hyundai Marine Solution shares double in IPO
Employees of HD Hyundai Marine Solution Co., during the company’s listing ceremony at the Korea Exchange in Seoul, South Korea, on Wednesday, May 8, 2024. HD Hyundai Marine, a ship…
Stocks making the biggest moves midday: DIS, NVDA, RACE, DDOG
Check out the companies making headlines in midday trading: Walt Disney — The entertainment giant sank 9.5% after posting fiscal second-quarter results . Walt Disney reported adjusted earnings that beat…
Stocks making the biggest moves after hours: PLTR, LCID, MCHP
Check out the companies making headlines in extended trading: Palantir Technologies — Shares declined nearly 5% after the company issued lighter-than-expected guidance for full-year revenue. First-quarter adjusted earnings were in…
Citigroup CEO Jane Fraser says low-income consumers are more cautious
Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans. Fraser, who leads one of the largest…
Warren Buffett says Berkshire Hathaway is looking at an investment in Canada
OMAHA, Neb. — Warren Buffett said that Berkshire Hathaway is looking into an investment in Canada. “We do not feel uncomfortable in any shape or form putting our money into…
Autos analysts pick who can survive China’s cut-throat EV market
Investment analysts are coalescing around a few potential winners in China’s car market after a 10-day auto show in Beijing put the ferocious competition on full display. The opening morning…
Warren Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he’s gone
OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway’s investing decisions when the Oracle of Omaha is no longer…
‘We lost quite a bit of money’
OMAHA, Neb. — Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss. “I was 100% responsible for the Paramount decision,” Buffett said at Berkshire’s annual…
Warren Buffett shopping extravaganza kicks off with Squishmallows pit
Squishmallows in the images of Warren Buffett and Charlie Munger display at the Berkshire Hathaway Annual Shareholder Meeting at Omaha, Nebraska, on May 3, 2024. Sarah Min | CNBC OMAHA,…
AAPL, EXPE, SQ, LYV and more
Check out the companies making headlines in midday trading: Apple — The tech giant jumped around 6% after announcing it would repurchase $110 billion in shares . Apple also posted…
China’s automakers must adapt quickly or lose out on the EV boom
Chinese new energy vehicle giant shows off the latest version of its Han electric sedan at the Beijing auto show on April 26, 2024. CNBC | Evelyn Cheng BEIJING —…
AAPL, PTON, W, CVNA and more
Check out the companies making headlines in midday trading: Apple — Shares ticked up 2.2% ahead of the iPhone maker’s second-quarter results due after the closing bell. Peloton — Shares…
Stocks making the biggest moves after hours: EBAY, QCOM, DASH, CVNA
Check out the companies making headlines in extended trading: DoorDash — Shares of the food delivery company tumbled 13% after its first-quarter report revealed a wider-than-expected loss. DoorDash lost 6…
Gundlach sees one rate cut this year as Fed keeps up inflation fight
Key Points DoubleLine Capital CEO Jeffrey Gundlach said Wednesday that he now sees no more than one interest rate cut this year. The noted fixed income investor said the most important moment from…
New Calamos ETF promises ‘100% downside protection.’ How it works
A new ETF designed to shield investors from the risk of market volatility starts trading on Wednesday. The Calamos S&P 500 Structured Alt Protection ETF (CPSM) promises to deliver investors…
Where the 10-year yield is a ‘clear problem’ for stocks, Goldman says
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 29, 2024. Brendan Mcdermid | Reuters The volatility in the bond market…
beats expectations, CEO Noel Quinn to retire
The HSBC Holding logo is being displayed on a smartphone with HSBC visible in the background in this photo illustration taken in Brussels, Belgium, on February 20, 2024. Jonathan Raa…
Stocks making the biggest moves midday: TSLA, ROKU, AAPL, DPZ
Check out the companies making headlines in midday trading: SoFi Technologies — The consumer fintech company’s stock price plunged roughly 10.5% on disappointing second-quarter earnings guidance. SoFi forecast adjusted revenue between…
Musk visits Beijing as Tesla’s China-made cars pass security rules
Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de…
Stocks making biggest moves premarket: Alphabet, Microsoft and more
Check out the companies making headlines before the bell: Microsoft — Shares gained 4% after the tech giant reported fiscal third-quarter results that topped expectations as its Azure business continued…
Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says
Former US President Donald Trump speaks to members of the media at Manhattan criminal court in New York, US, on Thursday, April 25, 2024. Jeenah Moon | Via Reuters Former…
ARK says it’s a unique time to invest
ARK Invest’s chief futurist lists five groups that should give tech investors an edge. According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key…
Miami is ‘ground zero’ for climate risk. People move there, build there anyway
South Pointe Beach in Miami Beach, Florida. Greg Iacurci MIAMI — Daniel Habibian worries about climate change. His clothing boutique in Miami Beach’s iconic South Beach neighborhood sits just a…
Stocks making the biggest moves midday: MSFT, GOOGL, XOM, SNAP
Check out the companies making headlines in midday trading: Microsoft — Shares added 1.8% after the tech giant reported better-than-expected fiscal third-quarter results as its Azure business continued to show…
Amazing time to invest in cutting-edge tech including AI
ARK Invest is betting big on private tech companies. “It’s an amazing time to invest in innovation,” the firm’s chief futurist, Brett Winton, told CNBC’s “ETF Edge” this week. “Both…
Dow drops on inflation and growth concerns, Meta slides
Stocks tumbled Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. The Dow Jones Industrial Average slid 375.12 points, or 0.98%,…
Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions
U.K. tech startup Synthesia unveiled a new range of AI-generated avatars that can convey emotions like happiness, sadness, and frustration. Synthesia Nvidia-backed artificial intelligence firm Synthesia on Thursday unveiled a…
Klarna scores payment deal with Uber ahead of anticipated IPO
The Swedish “buy now, pay later” pioneer said Tuesday that its new design would help users find the items they want by using more advanced AI recommendation algorithms, while merchants…
China’s Xiaomi is selling so many electric cars it’s closer to breaking even
The Xiaomi SU7 on display at the Mobile World Congress 2024. Arjun Kharpal | CNBC BEIJING — Chinese smartphone company Xiaomi‘s new electric vehicle is selling better than expected, putting…
Stocks making the biggest moves midday: SPOT, JBLU, DHR, GM
Check out the companies making headlines in midday trading. General Motors — Shares rose more than 4% after the automaker exceeded analysts’ expectations for its first-quarter results . General Motors…
Stocks making big postmarket moves: Nucor, Cleveland-Cliffs and more
Check out the companies making headlines in after-hours trading. Nucor — Shares slid 6.3% after the steelmaker’s first-quarter results fell short of estimates and it issued a lackluster second-quarter outlook.…
Inflation Reduction Act home energy rebates may arrive soon
Ryanjlane | E+ | Getty Images Rebates tied to home energy efficiency and created by the Inflation Reduction Act may start flowing to many consumers within months. The federal…
Here’s where the world’s top 0.001% are putting their money, according to wealth experts
Yana Iskayeva | Moment | Getty Images The uber wealthy live a world apart and their investing strategies also look vastly different from the average investor’s portfolio. “While there is…
Hong Kong’s biggest stock is ready for a turnaround, analysts say
After three straight years of decline, Chinese tech company Tencent is poised for gains in 2024. The stock is up more than 3% for the year so far, in contrast…
Investing in the AI theme for the long haul. How to pick the winners
Fotografielink | Istock | Getty Images Artificial intelligence has shaken up the investing landscape since the groundbreaking launch of ChatGPT in November 2022. Since then, investors have poured money into…
Big change in global growth is bullish for commodities: VanEck CEO
Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The world economy started growing again,” van Eck told CNBC’s “ETF…