Finance
Stocks making the biggest moves midday: Flutter Entertainment, Hewlett Packard Enterprise and more
Check out the companies making headlines in midday trading: Flutter Entertainment — The sports betting stock rose more than 6% after the FanDuel parent announced a share buyback program of up to $5 billion. The company also forecasts total revenue growth of about $21 billion in 2027. Hewlett Packard Enterprise — The tech stock jumped […]
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SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limits
Key Points The Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients’ predesignated investment limits over a two-year period. The two companies settled separately and will pay a combined $9.3 million to resolve the claims. The SEC found Harvest exposed investors to greater financial risks and Merrill connected […]
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Stocks making the biggest moves premarket: KB Home, Hewlett Packard Enterprises, General Motors and more
Check out the companies making headlines before the bell. Progress Software – The tech stock advanced nearly 7% after better-than-expected fiscal third-quarter results. Progress posted adjusted earnings of $1.26 per share on revenue of $178.7 million. Analysts polled by FactSet were expecting $1.14 per share on revenue of $176.2 million. KB Home – Shares plunged […]
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China needs more than rate cuts to boost economic growth
Key Points China’s slowing economy needs more than interest rate cuts to boost growth, analysts said. “We will need a major fiscal policy support to see higher CNY government bond yields,” said Edmund Goh, head of China fixed income at abrdn. There’s still a 1 trillion yuan shortfall in spending if Beijing is to meet […]
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Nvidia shares pop as CEO may be done selling shares after hitting preset plan limit
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia CEO Jensen Huang talks onstage with Salesforce CEO Marc Benioff during Salesforce’s Dreamforce in San Francisco on Sept. 17, 2024. Justin Sullivan | Getty Images News | Getty Images Nvidia CEO Jensen Huang is done selling the chipmaker’s stock for the time being, cashing […]
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Stocks making the biggest moves midday: Visa, Smartsheet, JD.com and more
Check out the companies making headlines in midday trading: Visa — Shares dropped nearly 4% following a Bloomberg report that the Justice Department is preparing to file an antitrust lawsuit against the credit card network and payments processor. Smartsheet — Shares surged more than 6% after Blackstone and Vista Equity Partners agreed to buy the […]
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Stocks making the biggest moves premarket: Visa, Starbucks, Salesforce, Lowe’s and more
Check out the companies making headlines in premarket trading: Thor Industries — Shares dropped 2% after the RV maker issued disappointing fiscal-year earnings guidance. The company expects earnings per share to range between $4 and $5, well below a StreetAccount estimate of $6.27 per share. Arlo Technologies — The security systems company popped 3% after […]
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Take a look inside a $1.1 million ‘zero emissions’ home
Key Points The White House in June issued guidelines that defined standards for a “zero emissions” building. Morgan Wojciechowski’s Williamsburg, Virginia, home is among the first to receive that label. Residential and commercial buildings account for almost a third of U.S. greenhouse gas emissions. Source
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Fed Governor Bowman explains dissent on rate vote, says she’s worried about inflation
Key Points Fed Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week’s half percentage point interest rate cut. The jumbo cut “could be interpreted as a premature declaration of victory on our price-stability mandate,” she said in remarks to a bankers’ group in Kentucky. Source
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Commerzbank board member warns of significant job losses with a hostile UniCredit takeover
Key Points Stefan Wittmann, who is also a senior official at German trade union Verdi, told CNBC’s Annette Weisbach that “we certainly hope we can avoid” a hostile takeover by the Italian bank. UniCredit believes substantial value can be unlocked within Commerzbank, Germany’s second-largest lender, but it said that further action is required for that […]
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