Check out the companies making headlines after the bell : Palantir Technologies — Shares of Palantir Technologies popped more than 15% after the company beat second-quarter estimates and upped its annual forecast as demand for artificial intelligence software shows no signs of dwindling. Palantir posted adjusted earnings of 9 cents per share on $678 million […]
Ironheart | Moment | Getty Images The summer travel season is in full swing, often bringing more flight delays and cancellations. But travelers may be out of luck when it comes to reimbursement for such disruptions, depending on the root cause and specific airline policy, experts said. “In general, in the U.S. airlines aren’t really […]
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm is expanding, with the aim of reaching more Americans in smaller cities and towns. JPMorgan recently announced a new goal within its multibillion-dollar branch expansion plan that ensures coverage is within an “accessible drive time” […]
Check out the companies making headlines in midday trading: Crypto stocks — Several bitcoin-related names were hit following the cryptocurrency’s drop below $50,000 for the first time since February. Robinhood plummeted more than 10%, and MicroStrategy plunged more than 8%. Others such as Coinbase and Marathon Digital each fell around 5%. Kellanova — Shares of […]
Austan Goolsbee, speaking at Jackson Hole, August 8, 2023. David A. Grogan | CNBC Chicago Federal Reserve President Austan Goolsbee on Monday vowed that the central bank would react to signs of weakness in the economy and indicated that interest rates could be too restrictive now. Asked whether weakening in the labor market and manufacturing […]
Check out the companies making headlines before the bell: Chip stocks — Nvidia shares fell roughly 12.5% in premarket trading as the artificial intelligence trade continues to unwind, dragging down once-hot semiconductor plays. Broadcom slipped about 9%, while Super Micro Computer and Arm Holdings shed more than 12% each. Apple — Apple shares sank more […]
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Warren Buffett sent shockwaves through the investing world over the weekend by slashing his big Apple stake by half, causing the tech stock to crater on Monday amid the intensifying […]
In a summer of cool consumer spending, Chinese toy company Pop Mart alerted investors to double-digit growth in the first half of the year: it now expects revenue to rise by at least 55% and profits to grow 90% or more. Morgan Stanley and other investment firms raised their price targets on the Hong Kong-traded […]
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 head of SPDR Americas research notes it is also the second-largest monthly inflow ever. “Part of it is just the market,” Matt Bartolini told CNBC’s […]
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 swelled to a record $276.9 billion last quarter as Warren Buffett sold big chunks in stock holdings including Apple. The Omaha-based conglomerate’s cash hoard jumped […]