Take a look at some of the biggest movers in the premarket: AT&T (T), Discovery (DISCA) – AT&T and Discovery announced a deal to combine Discovery with AT&T’s WarnerMedia unit. The combination would be co-owned by current shareholders of both companies, and would create a new stronger streaming video challenger to the likes of Netflix
Finance
In this article TSLA Michael Burry attends the “The Big Short” New York premiere at Ziegfeld Theater on November 23, 2015 in New York City. Jim Spellman | WireImage | Getty Images Famed investor Michael Burry on Monday revealed a short position against Tesla worth more than half a billion, in a regulatory filing. Burry,
In this article NIO SHW COMP EBS JNJ ABT FUBO XOM QDEL MU KMX BNTX PFE 2330-TW Take a look at some of the biggest movers in the premarket: Johnson & Johnson (JNJ) – J&J said a batch of its Covid-19 vaccine that came from a Baltimore factory did not meet quality standards and will
In this article LI NIO XPEV ZE594-CN TSLA Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Two of China’s U.S.-listed electric car start-ups beat market expectations in their March deliveries, with both companies setting quarterly records.
In this article .SSEC .SPX People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s central bank warned Thursday of financial risks in the country that have accumulated over the years, as well as shocks from overseas
In this article MSFT QS WING KMX MU WDC F NIO Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. The Build conference, marking its second consecutive year in Seattle, is expected to put emphasis on the company’s cloud technologies
In this article VIACP DISCA Family offices have grown in the U.S., but that segment remains lightly regulated — and that could be a problem for the financial industry, warned a former counsel at the Securities and Exchanges Commission. The risks posed by large family offices came under the spotlight after the multibillion-dollar Archegos Capital
In this article .IXIC HYD XLF XLI XLB XLE XLK KRE US10Y Wilmington Trust’s Meghan Shue expects growth stocks, including Big Tech, to hit more turbulence over the next three months. “Our main takeaway was to lean a little bit more into value and trim some of our growth exposure,” Shue, the firm’s head of
Avishek Das | LightRocket | Getty Images Robinhood is redesigning some of its app features — most notably ditching its confetti animation —amid scrutiny over the popular stock trading company’s so-called gamification of investing. The free-stock trading pioneer, which is gearing up for its public debut, told CNBC the move is an effort to remove
In this article ROO-GB AMZN A Deliveroo cyclist in London, U.K. Dinendra Haria | SOPA Images | LightRocket | Getty Images LONDON — Shares of British food delivery start-up Deliveroo sank in its stock market debut Wednesday, as the company faces pressure from top investors and trade unions over workers’ rights. Deliveroo, which is backed
In this article US10Y SMH MCHP NXPI TXN ADI .IXIC Paul Meeks is wary of the group that made him famous on Wall Street. The investor, known for running the world’s largest technology fund during the late 1990s, says it’s the wrong time to aggressively put money to work in tech. “You have to play
In this article 8604.T-JP CSG.N-CH MS .BBKA GS American flags hang from the facade of the New York Stock Exchange (NYSE) building in New York January 28, 2021. Mike Segar | Reuters The diverging fortunes of major banks in the fallout from the Archegos Capital Management meltdown has posed serious questions for global regulators, experts
In this article VIACP DISCA 9888-HK 700-HK 8604.T-JP CSG.N-CH The warning by Japanese investment bank Nomura that it could incur billions of dollars in losses at a U.S. subsidiary was “pretty unfortunate,” an analyst said on Tuesday. Nomura on Monday flagged a potential $2 billion loss resulting from transactions with a client stateside. The bank’s
In this article .SPX US10Y XLK XLE XLV XLP XLU XLC CFRA’s Sam Stovall sees three reasons April should spell gains for stocks. Stovall, who’s known for building market forecasts based on historical trends, highlights market instability over the past two weeks as his top bullish signal. “The period after the Ides of March is
In this article TWTR FLY PEBO PFBI AMZN V BILI BA TME CALM LUV 8604.T-JP CSCO GS VIAC DISCA CG Take a look at some of the biggest movers in the premarket: Discovery Communications (DISCA), Viacom (VIAC) – Both stocks remain on watch this morning, after significant declines last week. A source with direct knowledge
In this article TME 700-HK Executives of Tencent Music Entertainment celebrate the company’s IPO outside the New York Stock Exchange (NYSE) in New York, U.S., December 12, 2018 Bryan R Smith | Reuters GUANGZHOU, China — Tencent Music Entertainment Group announced plans to buy back up to $1 billion worth of shares on Monday after
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Stock futures held steady in overnight trading Sunday after a rush of broad based late buying pushed the S&P 500 to a record high in the final minutes of the previous session. Futures on the Dow Jones Industrial Average dipped
A woman walks past the headquarters of the People’s Bank of China in Beijing, China. Jason Lee | Reuters BEIJING — Data for the year so far show signs that China is starting to crack down on debt. A first-quarter survey by the China Beige Book released Thursday found that borrowing by state-owned enterprises dropped
In this article MO PRGS NIO LYFT UBER ROOT MSFT F NLY MSGN MSGE BOWX WFC C BAC JPM ZM Take a look at some of the biggest movers in the premarket: BowX Acquisition (BOWX) – The special purpose acquisition company will take office-sharing company WeWork public in a deal worth $9 billion, including debt.
In this article TSLA CRM Marc Benioff, Co-CEO of SalesForce speaking at the WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Chainalysis, a start-up that sells blockchain data analytics tools, announced Friday that it’s raised $100 million in an investment round valuing the company at $2 billion. That’s double what Chainalysis