Stocks making the biggest moves before the bell: Robinhood, Nvidia, Lululemon, Five Below and more PUBLISHED THU, JUN 6 20248:21 AM EDT
Check out the companies making headlines in premarket trading. Robinhood — The online brokerage rose more than 3% after revealing a $200 million deal to purchase crypto exchange Bitstamp. The deal is expected to close in the first half of 2025. Nvidia — The artificial intelligence darling traded 1.8% higher, building on momentum from Wednesday’s rally that pushed the […]
Salesforce to open new AI center in London as part of $4 billion UK investment
LONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub. The U.S. software giant said in a statement Thursday that it is opening a more-than-40,000-square-foot facility in London’s Blue Fin Building, which can host over 300 people. It will be used […]
Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a ‘6-month thing’ as rates fall
Barry Sternlicht, Starwood Capital Group chairman and CEO, defended his decision to cap how much money investors could pull from his real estate fund amid mounting losses and redemption requests. “With all the hysteria in the media, people are saying, ‘I want to get out now and I’ll come back in later when the coast […]
Stocks making the biggest moves after hours: Lululemon, Five Below, Sprinklr and more
Check out the companies making headlines after the bell: Lululemon Athletica — The athleisure maker popped 12% on strong first-quarter results that surpassed Wall Street’s estimates on the top and bottom lines. Lululemon posted earnings of $2.54 per share on $2.21 billion in revenue. It also raised its outlook for full-year earnings per share. Five Below — Shares of […]
Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal
Hanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including a contingent cash consideration, the company announced on Wednesday. The deal has the potential to reach $1.5 billion through an additional cash contingent consideration of up to $300 million if performance thresholds are met, according to a press […]
Stocks making the biggest moves midday: CrowdStrike, GameStop, Dollar Tree, Nvidia and more
Check out the companies making headlines in midday trading: CrowdStrike — The cybersecurity company popped 12% after posting a strong outlook and a first-quarter results beat. CrowdStrike reported adjusted earnings of 93 cents per share on $921 million in revenue, which came in over the earnings of 89 cents per share on $905 million in revenue […]
Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO
Eli Lilly Chief Financial Officer Anat Ashkenazi will become Alphabet’s new CFO effective July 31, Google’s parent company saidTuesday, almost a year after Alphabet announced that current CFO Ruth Porat would move into a new role as president and chief investment officer. Ashkenazi had a 23-year career at Eli Lilly, which confirmed her departure in a separate release. “We’re […]
Stocks making the biggest moves premarket: Hewlett Packard Enterprise, Instacart, CrowdStrike and more
Check out the companies making headlines before the bell. CrowdStrike — Shares soared 10% after the cybersecurity firm posted better-than-expected first-quarter results and strong guidance. CrowdStrike reported adjusted earnings of 93 cents per share on $921 million in revenue, which was higher than the 89 cents on $905 million in revenue analysts polled by LSEG had […]
Ron Baron, big Tesla shareholder, supports Elon Musk’s $56 billion pay package
The pay package, proposed by Tesla’s board of directors, has repeatedly come under fire, including criticism that the board is too closely tied to Musk to be entirely independent. The package has no salary or cash bonus and sets rewards based on Tesla’s market value rising to as much as $650 billion over 10 years […]
Goldman-backed Starling says no plans to pursue EU bank license, expansion to come from software
AMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue international expansion through its software business, the incoming CEO said, in a diverging approach to overseas growth from some of its rivals. Starling is among the U.K.’s breed of so-called “neobanks” — digital-only banks that usually have no […]