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
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.
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
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
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
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
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,
Kevin O’Leary is bullish on the future of NFTs, or nonfungible tokens. “I haven’t bought any yet. I’m waiting to see when the volatility of the pricing changes,” O’Leary, chairman of O’Shares ETFs, told CNBC Make It in April. But “this has legs. It’s going to work.” NFTs are unique digital assets that are represented
Samuel Corum/Bloomberg via Getty Images There’s still time to make health savings account contributions for 2020. Those with high-deductible health plans have until the extended tax-filing deadline, May 17, to make HSA contributions for 2020. Self-only plans allow deposits of up to $3,550, while those with family coverage may save as much as $7,100. This
The cryptocurrency dogecoin’s value has surged over the past few months thanks to the alignment of several important factors, including extra capital from stimulus checks, the popularity of free-trading apps like Robinhood and the backing of billionaire SpaceX and Tesla CEO Elon Musk. But one reason has been understated in media reports, Billy Markus, the
Volunteers at a food bank in Duarte, California, load donation boxes. FREDERIC J. BROWN | AFP | Getty Images It appears the pandemic hasn’t dented charitable giving from wealthy households. Most affluent Americans — about 90% — gave to charitable causes in 2020, with a third of them giving more than in the past to
On Friday, Dr. Anthony Fauci gave advice to Vanderbilt University graduates to never stop learning. “The scope of you what you have learned here at Vanderbilt, and importantly what you will need to learn after you leave here, is like a giant mosaic,” he said while delivering the “Graduates Day” address. “This mosaic of your
Dr. Anthony Fauci, the nation’s leading expert on infectious disease, will deliver Emory University’s 2021 commencement address for the Emory College of Arts and Sciences graduation ceremony on May 16. “During the past year, the name Fauci has become synonymous with truth, clarity, and medical expertise,” Emory president Gregory L. Fenves said in a release.
With vaccines rolling out across across the world, travelers want to reclaim something most gave up during the lockdown era: the summer vacation. Travel searches are surging, and bookings aren’t far behind. But it isn’t happening uniformly across continents. Here’s who is booking, where people are traveling, and what’s beckoning travelers from their homes again.
Laurene Powell Jobs is set to deliver the commencement address on Monday to the University of Pennsylvania 2021 graduation class. Powell Jobs, who is Steve Jobs’ widow, is the founder and president of the Emerson Collective, an umbrella organization for her philanthropic and business endeavors that focus on education, immigration, climate and cancer research and
A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Goldman Sachs has formally kicked off the cryptocurrency trading era on Wall Street. The bank informed its markets personnel on Thursday that a newly created cryptocurrency trading desk had successfully traded two kinds of
SEC Chairman Gary Gensler told CNBC on Friday the agency is looking into how commission-free retail brokerage apps encourage more stock trading and then make money off m the execution of those trades. “There is a little bit of a conflict of interest,” Gensler said on “Squawk Box,” one day after testifying about this issue
Server Nioka Mantilla arranges items in the buffet at the DoubleTree by Hilton Hotel on Penn Street in Reading, Pennsylvania, Friday morning May 7, 2021. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images The stunningly disappointing April jobs report shouldn’t be taken as an indictment against the fast-moving economic recovery but shouldn’t
Harley Finkelstein, COO, Shopify Scott Mlyn | CNBC Investors should take note when an analyst becomes bullish on a stock after standing on the sidelines. It could signal the name is undervalued and poised for long-term growth. The stocks highlighted below have just been upgraded to Buy. As for the analysts handing out these upgrades,
Cathie Wood Source: CNBC Cathie Wood’s flagship fund Ark Innovation hit its lowest point of the year on Monday amid further selling in innovation stocks. Ark Innovation‘s drop of as much as 5% on Monday dragged the “disruptive innovation” ETF below its February low, a level that many investors are watching as a barometer for