Check out the companies making headlines in midday trading. Ulta Beauty — Ulta Beauty shares fell 3% after Jefferies downgraded the beauty retailer to a hold from a buy rating, citing rising competition. Netflix — The streaming giant sank more than 7% after saying it will stop reporting subscriber growth in its quarterly earnings starting […]
Check out the companies making headlines before the bell. Ulta — The beauty chain slipped more than 1% following a downgrade to hold from buy at Jefferies. Analyst Ashley Helgans cited mounting pressure from competitor Sephora as well as a “lack of newness” as two reasons for the change. Netflix — Shares slid nearly 6% […]
Pictured here is a commercial residential property under construction on March 20, 2024, in Nanning, capital of the Guangxi Zhuang autonomous region in south China. Future Publishing | Future Publishing | Getty Images BEIJING — China’s fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption […]
Check out the companies making headlines after the bell : Netflix — The streamer saw shares drop about 3% even after the company reported quarterly earnings that beat on the top and bottom line. Netflix said subscribers jumped 16% from the previous year, but added it would no longer report paid memberships starting next year. Intuitive […]
Hedge funds and other money managers have been stepping up wagers on gold as the bullion reached a series of new highs on the back of reaccelerating inflation. Overweighting precious metals has become the consensus among the largest money managers, with 83% of them being long the asset class, a new Citi analysis of top […]
Grand Prismatic Spring, Yellowstone National Park on Aug. 8, 2020. Darwin Fan | Moment | Getty Images Visitors to national parks will get free admission on April 20 as the federal government waives entrance fees to commemorate the start of National Park Week. National Park Week runs for nine days, from April 20 to April […]
Investing in semiconductors may be the most efficient way to play the artificial intelligence boom, according to VanEck’s CEO. “Semiconductors have become the heart of the AI trade,” Jan van Eck told CNBC’s “ETF Edge” this week. His firm’s VanEck Semiconductor ETF (SMH), which tracks 25 of the biggest chipmakers in the country, is up […]
Check out the companies making headlines in midday trading. Duolingo — The online language app company popped 7.5% after JPMorgan reiterated its overweight rating on the stock, saying it has an attractive risk/reward and potential upside for its first-quarter guide and 2024 outlook. Taiwan Semiconductor Manufacturing — U.S.-traded shares of the Taiwanese chipmaker dropped 3.6% […]
Check out the companies making headlines before the bell. Taiwan Semiconductor Manufacturing — U.S.-traded shares of the Taiwanese chipmaker fell 2.4% despite beating revenue and profit expectations in the first quarter. The company reported no structural damage from the earthquake in Taiwan earlier in April, but noted some wafers “had to be scrapped.” Most of […]
Illustration of a cybercriminal using a computer. Seksan Mongkhonkhamsao | Moment | Getty Images A huge fraud website used by thousands of criminals to trick people into handing over personal information such as email addresses, passwords, and bank details, has been infiltrated by international police. Britain’s Metropolitan Police said in a statement Thursday that the […]