Month: November 2024
Marqeta shares plunge more than 30% on big forecast miss
Marqeta celebrates its initial public offering at the Nasdaq on June 9, 2021. Source: The Nasdaq Marqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter. Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: […]
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Stocks making the biggest moves after hours: Palantir, Wynn Resorts, NXP Semiconductors and more
Check out the companies making headlines after the bell : Palantir Technologies — Shares popped 13%. The software company surpassed Wall Street’s third-quarter estimates, posting adjusted earnings of 10 cents per share on $726 million in revenue. That beat the 9 cents per share and $701 million in revenue expected by analysts polled by LSEG. […]
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Judge rejects request to block Elon Musk $1 million voter giveaway
Larry Krasner, Philadelphia’s district attorney, center, departs after a hearing at City Hall in Philadelphia, Pennsylvania, US, on Thursday, Oct. 31, 2024. Ryan Collerd | Bloomberg | Getty Images A judge on Monday rejected a request by the Philadelphia District Attorney to block a $1 million daily giveaway by Tesla CEO Elon Musk’s political action […]
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Palantir shares surge on rosy revenue outlook
Palantir Technologies CEO Alex Karp appears on a Bloomberg television interview during the FoundryCon event in Palo Alto, California, on March 7, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares jumped 12% in extended trading on Monday after the data analytics software maker reported robust third-quarter results and revenue guidance. Here’s how […]
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Talen, Constellation and Vistra tumble after government rejects Amazon nuclear data center agreement
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024. Nathan Howard | Bloomberg | Getty Images Technology companies’ push to directly power artificial intelligence with nuclear plants hit a major roadblock, after a federal regulator rejected a request to increase power for an Amazon data center. The Federal […]
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The Dow needs Nvidia to give chipmakers representation in index after Intel’s plunge
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images At around $23 a share, Intel is no longer a viable member of the Dow Jones Industrial Average. That was the conclusion of the S&P Dow Jones committee, which decides […]
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Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024 (L), and Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Reuters Physical Intelligence, a robot startup based in San Francisco, has raised $400 […]
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Labor strikes shut down operations at Canada’s container ports from East to West Coast, with U.S. trade left in limbo
Key ports on Canada’s West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. The International Longshore and Warehouse Union Ship & Dock Foreman Local 514 began striking on Monday morning, stopping containers and cargo immediately. According to the Greater Vancouver Board […]
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What the stock market typically does after the U.S. election, according to history
Traders work on the floor at the New York Stock Exchange on Oct. 24, 2024. Brendan McDermid | Reuters Stocks typically rise after a presidential election — but investors need to be prepared for some short-term choppiness first, history shows. The three major benchmarks on average have seen gains between Election Day and year-end in […]
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Arizona businesses worry immigration proposal on ballot would exacerbate worker shortage
PHOENIX — Immigration is a top election issue across the country, but few places feel it more than Arizona, the only swing state along the southern border and home to one of the races that could make or break control of the Senate. Arizona businesses say a shortage of workers is threatening to hold up […]
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