In this article T OTLY BA .CRBQX VFC DE An ASL Airlines Boeing 737-400 freighter landing at Milan Malpensa airport. Fabrizio Gandolfo | LightRocket | Getty Images Check out the companies making headlines in midday trading. Boeing — Boeing shares edged nearly 3% higher in midday trading after Reuters reported the aircraft manufacturer discussed increasing
Finance
People walk past the Federal Reserve building on March 19, 2021 in Washington, DC. Olivier Douliery | AFP | Getty Images The Federal Reserve is facing a big summer ahead as markets look for clues about when the ultra-easy policy measures put in place during the pandemic might finally start to unwind. Investors got their
Take a look at some of the biggest movers in the premarket: VF Corp (VFC) – The company behind apparel brands like North Face, Timberland and Vans posted a mixed quarter, beating top line estimates but reporting lower-than-expected per-share profit. VF said the majority of its supply chain is operational, although it has seen isolated
In this article @1YM21M .DJI Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures were flat in overnight trading after major averages rebounded from a three-day losing streak on Thursday led by technology shares. Futures on the Dow Jones Industrial Average added 6 points. S&P 500 futures were flat. Nasdaq-100
A woman wearing a face mask rides a scooter past the U.S. Federal Reserve in Washington, D.C., the United States, on Jan. 27, 2021. Lie Jie | Xinhua News Agency | Getty Images The Federal Reserve is moving forward in its efforts to develop its own digital currency, announcing Thursday that it will release a
The Trade Republic app. Trade Republic LONDON — German stock-trading app Trade Republic said Thursday it raised $900 million in a huge funding round that values the start-up at $5.3 billion. The round, a Series C, was led by American venture capital firm Sequoia, with additional backing from new investors TCV and Thrive Capital. Existing
The logo of Cisco Systems is seen at their headquarters in Issy-les-Moulineaux, near Paris, France. Philippe Wojazer | Reuters Check out the companies making headlines after the bell on Wednesday: Cisco — Shares of the data center networking hardware maker dropped more than 6% in extended trading after the company issued weaker-than-expected guidance for the next
Federal Reserve officials at their April meeting said a strong pickup in economic activity would warrant discussions about tightening monetary policy, according to minutes from the session released Wednesday. “A number of participants suggested that if the economy continued to make rapid progress toward the Committee’s goals, it might be appropriate at some point in
In this article MSTR TSLA COIN SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Cryptocurrency-related stocks led by Tesla and Coinbase dropped on Wednesday as bitcoin plunged the equivalent of a bear market
U.S. stock futures were flat in overnight trading on Tuesday ahead of more retail earnings. Dow futures fell about 40 points. S&P 500 futures gained 0.15% and Nasdaq 100 futures rose 0.1%. On Tuesday, the major averages ended the day in the red after notching gains earlier in the session. The Dow Jones Industrial Average
In this article BTC.CB= Dado Ruvic | Reuters Crypto bulls have long championed bitcoin as a modern-day replacement for gold, and by one measure, the new market is already close to surpassing bullion in that respect. The total value of the cryptocurrency market now stands above $2 trillion, putting it on nearly equal footing with
Take a look at some of the biggest movers in the premarket: Macy’s (M) – The retailer earned 39 cents a share for the first quarter, including 1 cent a share from real estate-related gains, compared to expectations of a 41 cents per share loss. The retailer’s revenue topped estimates as well amid a better
Pedestrians walk past the Nasdaq in New York on Sept. 3, 2020. Xinhua News Agency | Getty Images Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session Monday evening after Wall Street kicked off the week with modest losses. Dow futures added 50 points, while contracts
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney shares dropped 3.9% in premarket trading after growth figures for the Disney+ streaming service fell short of Wall Street predictions. Disney reported better-than-expected profit for the first quarter, but revenue was short of analysts’ forecasts. DoorDash (DASH) –
Traders on the floor of the NYSE. Source: NYSE Stock futures edged up in overnight trading on Sunday as the market looked to continue to rebound from last week’s sell-off triggered by inflation jitters. Futures on the Dow Jones Industrial Average rose 40 points. S&P 500 futures and Nasdaq 100 futures were both 0.2% higher.
The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), on Tuesday, May 4, 2021, in honor of Star Wars Day. Source: NYSE Check out the companies making headlines in midday trading. Disney — The media giant’s share price sank more than 3% after it missed revenue and streaming subscriber estimates. Disney earnings
Sherry Ann Mohan, Managing Director at Goldman Sachs Source: Goldman Sachs Goldman Sachs continues to lose key managers at its fledgling consumer banking business. The chief financial officer for Goldman’s consumer business, which includes its Marcus brand and the Apple Card, is joining JPMorgan Chase, according to an internal memo obtained exclusively by CNBC. Sherry
In this article TWNK TSLA T Hostess Twinkies Getty Images Check out the companies making headlines in midday trading. AT&T, Discovery — The pair of stocks were volatile on Monday after the company’s announced a $43 billion deal to merge Discovery and AT&T’s WarnerMedia unit. Discovery’s A shares popped at the open but were down
A Goldman Sachs logo is seen displayed on a smartphone screen. Omar Marques | SOPA Images | LightRocket | Getty Images Goldman Sachs has a new head for its retail banking division. The firm lured Peeyush Nahar, an Uber technology executive and 14-year veteran of Amazon, to take over the role vacated when Omer Ismail left
Atlanta Federal Reserve President Raphael Bostic told CNBC on Monday that he’s comfortable with the central bank’s ultra-loose policy even as inflation gains steam in the U.S. economy. “We are still 8 million jobs short of where we were pre-pandemic,” Bostic told CNBC’s Steve Liesman during a “Squawk Box” interview. “Until we make substantial progress