Stocks making the biggest moves after hours: Oracle, Rentokil, Rubrik and more
Check out the companies making headlines in after-hours trading. Oracle — The tech company’s shares jumped nearly 9% after it announced cloud deals with Google and OpenAI, despite posting a miss on fiscal fourth-quarter results. Oracle posted adjusted earnings of $1.63 per share on revenue of $14.29 billion, while analysts expected earnings of $1.65 per share on $14.55 […]
Stocks making the biggest moves midday: Abercrombie & Fitch, UnitedHealth, Netflix and more
Abercrombie & Fitch — Shares popped 23.4% after the apparel retailer posted fiscal first-quarter sales that grew 22% from a year earlier. Abercrombie’s profit during the period was nearly seven times compared to the year-ago period and came in ahead of Wall Street’s estimates. Netflix — Morgan Stanley reiterated its overweight rating on the streaming stock, leading shares 1.3% higher on […]
This retirement planning gap is ‘hidden in plain sight,’ Harvard professor says
For many people, retirement planning is all about money: how to invest, how much to save, when to claim Social Security, how to best withdraw from accounts. Finances in retirement are an acute fear. About 2 in 3 people worry more about running out of money than about death, according to a recent poll by Allianz Life. Yet, there’s a notable lack of […]
Jim Chanos calls suit accusing him of embezzling funds ‘baseless and defamatory’
Famed short seller Jim Chanos called a lawsuit accusing him of embezzling funds for personal use, “false, baseless and defamatory.” Chanos gave the statement to CNBC’s Scott Wapner in response to allegations made by a former investor in Chanos & Co. Conlon Holdings, a Chicago-based firm run by Sean Conlon, filed the suit in New York state court […]
Stocks making the biggest moves premarket: Marathon Oil, Robinhood, American Airlines, Chewy & more
Check out the companies making headlines before the bell. ConocoPhillips — Shares slipped more than 3% following news that the company is acquiring Marathon Oil in a $17.1 billion all-stock deal, which is expected to close in the fourth quarter. Marathon Oil stock rose more than 7% following the announcement. Dick’s Sporting Goods — The sporting goods retailer popped 7.7% after reporting […]
Stocks making the biggest moves after hours: American Airlines, Robinhood, Box and more
Check out the companies making headlines in after-hours trading: Robinhood — The retail brokerage added 4.5% after the company announced a $1 billion share repurchase program. Robinhood management expects to execute the program over a two- to three-year period starting in the third quarter of 2024, a press release said. Cava Group — The stock dropped 5% in after-hours […]
IMF upgrades China’s growth forecast to 5% on ‘strong’ first quarter and policy measures
BEIJING — The International Monetary Fund on Wednesday raised its forecast for China’s growth this year to 5%, from 4.6% previously, due to “strong” first quarter figures and recent policy measures. The upgrade followed an IMF visit to China for a regular assessment. The organization now expects China’s economy to grow by 4.5% in 2025, up from […]
Stocks making the biggest moves midday: GameStop, U.S. Cellular, Nvidia, Norwegian Cruise Line and more
Check out the companies making the biggest moves midday: GameStop — Shares jumped 25.16% following the video game retailer’s announcement on Friday that it made about $933 million from a stock sale. Gambling stocks — DraftKings and U.S.-traded shares of FanDuel parent Flutter Entertainment fell 10.29% and 7.73%, respectively. Illinois Senate approved the state’s budget over the weekend, which includes a measure that would […]
Stock trade settlement moves to single day as GameStop mania underscores need for faster transactions
Years of work on Wall Street to pick up the pace of trading will be put to the test this week. If all goes well, most people won’t notice the difference. Starting Tuesday, trades of stocks and several other securities will need to be settled by the end of the next business day. Settlement involves the actual swap of […]
Alibaba’s global arm signs David Beckham as international e-commerce brand ambassador
BEIJING — Soccer star David Beckham will promote Alibaba’s international e-commerce platform, AliExpress, in its biggest global brand ambassador partnership to date, the business unit announced Monday. The deal comes against the backdrop of China-based rivals PDD Holdings’ Temu and online fashion startup Shein’s rapid global expansion, with the former also advertising at the Super Bowl to gain traction with […]