adminFisker, Lyft, Boston Scientific and more
Check out the companies making headlines in midday trading. Fisker — The electric vehicle stock gained nearly 18% after Fisker reported it grew deliveries by over 300% from the third…
Iovance, New York Times, Penn, JD
Check out the companies making headlines in midday trading. Regeneron Pharmaceuticals — Shares of the biotech firm edged less than 1% higher, adding to Wednesday’s gains. The moves follow a…
China’s Xiaomi unveils first EV in bid to compete with Porsche, Tesla
Chinese smartphone company Xiaomi revealed on Dec. 28, 2023, its forthcoming electric car, the SU7 sedan. CNBC | Evelyn Cheng BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed…
Does the tax on your year-end bonus check seem high? Here’s why
Jgi/tom Grill | Tetra Images | Getty Images Does your year-end bonus look smaller than expected? Tax withholding is a likely culprit, but Uncle Sam may pay some back when…
AI boom fails to propel China’s cloud market growth
An AI sign is seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023. Aly Song | Reuters BEIJING — Excitement over artificial intelligence isn’t yet fueling…
INTC, NIO, FDX, MANU and more
Check out the companies making headlines in midday trading. Intel — The semiconductor stock added 4.6% after Israel’s government announced a $3.2 billion grant. The grant will be for Intel…
MU, PARA, BA, KMX and more
Check out the companies making the biggest moves in premarket trading. Micron Technology — The chip stock jumped nearly 6% after the company beat earnings and revenue estimates postmarket Wednesday.…
Coinbase secures crypto license in France, expanding further in Europe
POLAND – 2023/08/01: In this photo illustration, a Coinbase logo displayed on a smartphone with stock server lights in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)…
China’s potential new gaming rules will hit smaller developers more
Mobile games in China range from League of Legends-like Honor of Kings to Source: Apple Inc. BEIJING — China’s proposed gaming rules would hit smaller developers more than large ones,…
China’s EV ambitions are getting bolder. One stock expected to soar
China’s new car market is now 40% electric and hybrid, industry data show. That contrasts with a mere 7.2% across the United States, JL Warren Capital’s Junheng Li said in…
UK and Switzerland sign post-Brexit financial services deal
The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal. Sopa Images | Lightrocket | Getty Images LONDON — The U.K. and…
NKE, BMY, COIN and more
Check out the companies making headlines in premarket trading. Nike — Shares tumbled 12.1% after the athletic retailer slashed its sales guidance and announced plans to cut costs by around…
Here’s when you can visit a national park for free in 2024
Grand Canyon National Park Jacobs Stock Photography | Photodisc | Getty Images The National Park Service is offering free admission to U.S. national parks on six days in 2024. There…
Stocks making the biggest moves midday: NKE, RKLB, BMY, NTES
Check out the companies making headlines in midday trading. Nike , Foot Locker — Shares of Nike plummeted 10% after the athletic apparel company slashed its revenue outlook and announced…
PARA, SPOT, BB, KMX and more
Check out the companies making headlines in midday trading. Spotify — The streaming music stock gained 2.2% after Pivotal Research upgraded Spotify to buy from hold. The Pivotal note said…
James Gorman talks Disney succession, proxy fight
Morgan Stanley CEO James Gorman said Thursday that he’s gearing up to join a succession planning committee at Disney, which will advise the board on choosing CEO Bob Iger’s successor.…
Citigroup to close global distressed-debt unit
A trader works underneath a monitor displaying Citigroup Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on June 3, 2016. Michael Nagle…
UK inflation slide fuels rate cut bets and jolts markets
LONDON, UK – Sept. 2021: People seen dining outdoors in Soho in London in September 2021. SOPA Images | LightRocket | Getty Images LONDON — U.K. inflation fell by more…
Stocks making the biggest moves midday: AFRM, CHWY, KVUE, ENPH
Check out the companies making headlines in midday trading. Chewy — Shares popped 9.2% after Jefferies initiated coverage of the pet e-commerce company with a buy rating and $27 price…
Inflation adds millions of new accredited investors, SEC says
Morsa Images | Getty Images Inflation has given millions of people new access to certain investments earmarked for the wealthy — and consumer advocates argue that’s not a good thing.…
Netflix, SunPower, Adobe and more
Check out the companies making headlines in midday trading. Etsy — The online merchandise platform saw shares rebound more than 4% after a steep sell-off last week. Etsy announced last…
Stocks making the biggest moves premarket: X, AFRM, ILMN
Check out the companies making headlines before the bell. U.S. Steel — U.S. Steel shares popped more than 28% after Japan’s Nippon Steel said it would buy the company at…
Fed sparks irrational market optimism on possible rate cuts: Sheila Bair
Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial…
Scholastic, Roku, Costco and more
Check out the companies making headlines in midday trading. Scholastic — Shares tumbled about 12% after the publisher and distributor of children’s books reported a 4% year-over-year decline in revenue…
This ETF offering could become next year’s hot product
BNY Mellon’s global head of ETFs suggested exchange-traded funds using options overlays could become next year’s hot product. “We are absolutely going to see more of these options-based products come…
Citigroup employees told they can work remotely until new year
Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned. Workers can log in remotely from anywhere in their country…