Finance
Biden and Xi to speak after rare U.S. security adviser trip to China
Key Points U.S. President Joe Biden and Chinese President Xi Jinping are set to speak over the phone in “coming weeks,” the White House said Wednesday. The announcement came amid U.S. national security adviser Jake Sullivan’s trip to Beijing this week to meet with Wang Yi, China’s top diplomat. The last official trip to China […]
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Stocks making the biggest moves after hours: Nvidia, Salesforce, CrowdStrike, Affirm and more
Check out the companies making headlines in extended trading: Nvidia — The artificial intelligence chipmaker dropped 5% even after Nvidia beat expectations in its fiscal second-quarter results. Adjusted earnings per share of 68 cents exceeded the LSEG consensus estimate of 64 cents per share. Revenue of $30.04 billion exceeded the anticipated $28.7 billion. In the […]
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401(k) auto-enrollment features don’t help savings as much as expected, study finds
Key Points 401(k) plan policies like auto-enrollment and auto-escalation have become popular. They aim to boost workers’ retirement savings. Pioneering researchers found that the policies may be less effective than they’d previously thought. However, the effects are still positive, they said. Source
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Stocks making the biggest moves midday: Super Micro Computer, Berkshire Hathaway, Abercrombie & Fitch and more
Check out the companies making headlines in midday trading: Super Micro Computer — Shares shed 26% after the artificial intelligence server company said it would postpone filing its annual 10-K form for the fiscal year that ended June 30. Super Micro Computer said its management requires more time to “complete its assessment of the design […]
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Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Warren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization on Wednesday, the first non-technology company in the U.S. to score the coveted milestone. Shares […]
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Stocks making the biggest moves premarket: Super Micro, Abercrombie & Fitch, Box, Foot Locker and more
Check out the companies making headlines before the bell. Abercrombie & Fitch — Shares of the retailer, which owns the Abercrombie and Hollister banners, fell more than 9% after it reported a 21% increase in its revenue during its fiscal second quarter and issued bullish guidance for the current period. Abercrombie posted earnings of $2.50 […]
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Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car
Key Points Xpeng shares rose after the Chinese electric car company said prices for its new mass-market Mona brand would start as low as $16,812, far below that of Tesla’s Model 3. The Chinese automaker said orders for the Mona M03 electric coupe exceeded 10,000 just 52 minutes after the car’s formal launch Tuesday evening […]
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Stocks making the biggest moves after hours: Nordstrom, SentinelOne, Ambarella and more
Check out the companies making headlines in extended trading. Nordstrom – Shares jumped about 7% after the company’s second-quarter earnings topped analysts’ estimates. The retailer reported adjusted earnings of 96 cents per share, topping consensus forecasts of 71 cents per share, according to LSEG. Meanwhile, revenue of $3.89 billion missed the estimate for $3.90 billion. […]
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Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds
Key Points Dollar General, Dollar Tree and Kroger have charged customers who ask for cash back in recent years. Their cash-back fees amount to more than $90 million a year, Consumer Financial Protection Bureau reports. Such fees may disadvantage those in banking deserts, where they don’t have easy access to cash for free. Retailers say […]
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Stocks making the biggest moves midday: Paramount, Eli Lilly, Netflix, Hershey and more
Check out the companies making headlines in midday trading: Paramount Global — The media conglomerate’s stock dropped more than 5% after Edgar Bronfman Jr. abandoned his pursuit of a takeover, clearing the way for Skydance to follow through on its roughly $8 billion acquisition deal reached in July. The Skydance deal, expected to close in […]
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