Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a “large and underserved” market of some 2.8 million British “digital nomads.” Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Dutch challenger bank Bunq told CNBC that it plans to grow its global headcount by 70% this year to over […]
September is living up to its reputation as a volatile month, and this creates more challenges to the Big Tech trade. But one low-volatility ETF is still betting big on it. Alliance Bernstein is behind the AB US Low Volatility Equity ETF. According to FactSet, its top three holdings include megacap winners Microsoft, Apple and […]
Check out the companies making headlines in midday trading. Trump Media & Technology — The stock fell more than 13% following Tuesday’s debate between majority shareholder former President Donald Trump and Democratic Vice President Kamala Harris. On Wednesday, Trump Media hit its lowest intraday level since going public on the Nasdaq in late March. Rentokil […]
Check out the companies making headlines before the bell. Trump Media & Technology – Shares slid more than 11% in the wake of the debate between Republican nominee Donald Trump and Democratic Vice President Kamala Harris . Trump Media is majority owned by the former president. Rentokil Initial – Shares plummeted about 20% following the […]
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett’s Berkshire Hathaway offloaded another chunk of Bank of America shares, bringing its total sales to more than $7 billion since mid-July and reducing its stake to 11%. The Omaha-based conglomerate shed a total of 5.8 […]
José Luis Gutiérrez | iStock Photo Why are September and October historically weak for stocks? For answers, I turned to Mark Higgins, senior vice president at Index Fund Advisors and author of the book, Investing in U.S. Financial History: Understanding the Past to Forecast the Future. The answers have been edited for clarity. What is it […]
Kai-Fu Lee, chairman and chief executive officer of Sinovation Ventures, speaks during the HICOOL Global Entrepreneur Summit on September 11, 2021 in Beijing, China. China News Service | China News Service | Getty Images BEIJING — Chinese artificial intelligence models may be at least half a year behind those developed in the U.S., but Chinese […]
Check out the companies making headlines after the bell : GameStop — The gaming retailer was trading 1% lower after posting mixed second-quarter results. While revenue fell to $798 million from $1.16 billion a year ago, GameStop posted net income rose to 4 cents per share from a loss of 1 cent a share a […]
Daniel Pinto, JPMorgan’s chief executive of corporate and investment bank. Simon Dawson | Bloomberg | Getty Images JPMorgan Chase shares fell 7% Tuesday after the bank’s president told analysts that expectations for net interest income and expenses in 2025 were too optimistic. While the bank expects to be in the “ballpark” of the 2024 target […]
Check out the companies making headlines in midday trading: Ally Financial — Shares of the lender fell 17% after Ally Chief Financial Officer Russell Hutchinson said at an industry conference that credit challenges have increased during the third quarter, particularly with auto loans for retail customers. Mission Produce , Calavo Growers — Shares gained 20% […]