Day: March 5, 2025
Asia-Pacific markets set to open higher after Wall Street rises on Trump auto tariff concessions
People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024. Jung Yeon-je | Afp | Getty Images Asia-Pacific markets were set to open higher Thursday, as Wall Street rose overnight after U.S. President Donald Trump postponed tariffs on certain automakers. Australia’s S&P/ASX 200 […]
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MongoDB shares sink after company issues weak guidance
Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares sank 16% in extended trading on Wednesday after the database software maker issued disappointing guidance. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.28 adjusted vs. 66 cents expected Revenue: $548.4 million vs. $519.6 million expected Revenue increased about […]
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Stocks making the biggest moves after hours: Marvell Technology, MongoDB, Zscaler and more
Check out the companies making headlines in after-hours trading: Marvell Technology — Shares of the semiconductor solutions provider plunged about 13%. In the fiscal fourth quarter, Marvell reported adjusted earnings of 60 cents per share on revenue of $1.82 billion, while analysts polled by LSEG forecast earnings of 59 cents per share on revenue of […]
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Jack Daniel’s maker says Canada pulling U.S. alcohol off shelves ‘worse than tariff’
The LCBO removes US products off the shelves on the first day of the trade war instigated by Donald Trump’s Administration in Toronto, Ontario. Nick Lachance | Toronto Star | Getty Images Jack Daniel’s maker Brown-Forman‘s CEO Lawson Whiting said on Wednesday Canadian provinces taking American liquor off store shelves was “worse than a tariff” […]
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Tom Lee is a buyer of stocks and says a lot of bad news is already priced in
Tom Lee said the stock market is a buy now that it has priced in much of the bad news, and is poised for a huge rally in the coming months. “I am optimistic. I mean, I can understand why investors are sitting on their hands … they don’t really know how severe these tariffs […]
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Trump grants automakers one-month exemption from tariffs
In an aerial view, brand new Subaru cars sit in a storage lot at Auto Warehouse Co. on March 4, 2025 in Richmond, California. Justin Sullivan | Getty Images The White House on Wednesday announced a one-month North American tariff exemption for automakers after President Donald Trump spoke a day earlier with heads of General […]
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California pauses home energy rebate program amid Trump funding freeze
Key Points California paused an energy rebate program for consumers who make their homes more energy efficient, due to a federal funding freeze imposed by the Trump administration. The Home Energy Rebate program was created by the Inflation Reduction Act, which President Biden signed in 2022. The law offered consumers up to $8,000 of Home […]
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Charts show that a recent Amazon sell-off is a big buying opportunity, says Carter Worth
(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Amazon’s 19% sell-off from its 52-week high one month ago is seen as a buying opportunity. The stock is in a well-defined uptrend, and uptrends are characterized by countertrends (sell-offs). This pullback, as seen in the charts below, is very similar in terms of […]
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Dealmaker Michael Grimes expected to lead new U.S. sovereign wealth fund: Reuters
Michael Grimes, head of global technology investment banking at Morgan Stanley, smiles while speaking to freshman students enrolled in the Management, Entrepreneurship, and Technology (M.E.T.) program during an orientation at the University of California-Berkeley campus in Berkeley, California, U.S., on Friday, Aug. 17, 2018. David Paul Morris | Bloomberg | Getty Images Star technology investment […]
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Digg founder teams up with former Reddit rival to buy and revive website
Alexis Ohanian David A. Grogan | CNBC Content aggregator Digg is making a comeback with the help of an unlikely partner: Reddit co-founder and rival Alexis Ohanian. Ohanian and Digg founder Kevin Rose acquired the platform for an undisclosed sum. The deal is backed by venture capital firms True Ventures, where Rose is a partner, […]
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