As China’s biggest shopping festival of the year gets underway, analysts are starting to favor Chinese logistics companies as a way to play the online shopping trend. Their reasoning? The delivery companies are seeing package volume grow, regardless of how much consumers spend on each purchase. “Express parcel volume growth has been outperforming online [gross […]
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway‘s monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares. The Omaha-based conglomerate saw its […]
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett sold another big chuck of his Apple stake, downsizing Berkshire Hathaway‘s biggest equity holding for four quarters in a row. The Omaha-based conglomerate held $69.9 billion worth of Apple shares at the end of September, […]
Check out the companies making headlines in midday trading: Cardinal Health — The health-care services provider gained 5.5%, hitting a new 52-week high, after Cardinal exceeded fiscal first-quarter earnings expectations and lifted its adjusted earnings outlook for fiscal 2025. The company posted earnings of $1.88 per share, excluding items, on revenue of $52.28 billion. Analysts […]
Check out the companies making headlines before the bell. Amazon — The e-commerce giant popped 7% after posting stronger-than-expected earnings and robust cloud and advertising growth. Revenues for its Amazon Web Services grew 19% on a year-over-year basis. Apple — Shares dropped 1.6% even after the technology giant surpassed top-and-bottom line estimates for the recent […]
Britain’s Science and Innovation Secretary Peter Kyle addresses delegates at the 2023 Labour Party conference in Liverpool. Paul Ellis | Afp | Getty Images LONDON — British tech bosses and venture capitalists are questioning whether the country can deliver on its bid to become a global artificial intelligence hub after the government set out plans to […]
BlackRock’s iShares is trying to appeal to investors who want to diversify beyond from the so-called Magnificent Seven. The firm launched the iShares Top 20 U.S. Stocks ETF (TOPT) this month. It doesn’t just hold the Magnificent Seven — Apple, Amazon, Meta, Alphabet, Microsoft, Nvidia and Tesla. It’s made up of the 20 largest U.S. […]
Check out the companies making headlines in extended trading. Amazon — The e-commerce giant popped 4.7% after beating earnings expectations on both lines in the third quarter. Amazon reported $1.43 earned per share on revenue of $158.88 billion, while analysts polled by LSEG expected $1.14 and $157.2 billion, respectively. The firm said both its cloud […]
Check out the companies making headlines in midday trading. Peloton — Shares soared 28% after the exercise equipment company posted better-than-expected results for its fiscal first quarter and raised its full-year profit outlook. Peloton also announced that Ford executive Peter Stern will serve as its next CEO starting January. Carvana — The used car platform […]
Check out the companies making headlines before the market open. Carvana – Shares surged more than 19% on the heels of a third-quarter earnings and revenue beat . For the period, Carvana earned 64 cents per share on $3.65 billion in revenue, above the 25 cents per share and $3.45 billion that analysts surveyed by […]