Finance
Stocks making the biggest moves midday: Danaher, Tesla, AT&T and more
A woman walks by an AT&T store in Washington D.C. Ting Shen | Xinhua News Agency | Getty Images Check out the companies making headlines in midday trading. Danaher – Shares of the medical conglomerate jumped more htan 88% after the company reported better-than-expected earnings and revenue for its most recent quarter, citing higher sales […]
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Watch Christine Lagarde speak after the ECB surprises markets with larger rate hike
[The stream is slated to start at 08:45 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision. The ECB, the central bank of the 19 nations that share the euro currency, pushed […]
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Stocks making the biggest moves premarket: AT&T, DR Horton, Travelers and more
Check out the companies making headlines before the bell: AT&T (T) – AT&T fell 1.8% in the premarket, despite beating estimates on both the top and bottom lines for the second quarter, as it lowered its full-year free cash flow guidance. AT&T also reported a jump in quarterly wireless subscriber additions and raised its full-year […]
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Goldman-backed digital bank Starling reports its first annual profit as other fintechs stumble
The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images British digital bank Starling on Thursday reported its debut annual profit as revenues at the firm almost doubled. The lender swung to a pre-tax profit of £32.1 million ($38.3 million) in its fiscal year ending March 2022, having lost £31.5 […]
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Baidu’s new robotaxi can drive without a steering wheel and is 50% cheaper
Baidu unveiled on July 21, 2022, the sixth generation of its self-driving electric car built for ride-hailing rides — at a cost nearly 50% below that of a model announced last year. Baidu BEIJING — Chinese tech giant Baidu announced Thursday it has cut the price of its robotaxi vehicles by nearly half, lowering costs […]
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Biden says he expects to speak with China’s Xi in 10 days
U.S. President Joe Biden spoke with media on July 20, 2022, after disembarking Air Force One at Joint Base Andrews in Maryland. Brendan Smialowski | Afp | Getty Images BEIJING — U.S. President Joe Biden said he expects to speak with Chinese President Xi Jinping by the end of the month. He did not elaborate […]
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Stock futures slip after Nasdaq’s rally as investors digest corporate earnings
Traders on the floor of the NYSE, July 19, 2022. Source: NYSE Stock futures dipped on Wednesday evening as investors hoped to build on a strong start to the week amid a flurry of corporate earnings. Futures tied to the Dow Jones Industrial Average shed 45 points, or about 0.1%. S&P 500 futures ticked down […]
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Stocks making the biggest moves midday: Netflix, Las Vegas Sands, Bath & Body Works and more
The Netflix logo is seen on their office in Hollywood, California. Lucy Nicholson | Reuters Check out the companies making headlines in midday trading. Netflix — Shares of the streaming company popped 7.4% a day after Netflix posted a smaller-than-expected subscriber loss in the recent quarter. Netflix reported a beat on earnings but a miss […]
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The reason behind a mysterious trading surge in stocks like Berkshire Hathaway has been revealed
Warren Buffett and Charlie Munger press conference at the Berkshire Hathaway Annual Shareholders Meeting, April 30, 2022. CNBC Berkshire Hathaway’s Class A shares are among the market’s most expensive stocks priced above $400,000 apiece and therefore it was often one of the least traded well-known companies. So a surge in volume that began over a […]
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Canyon Partners’ Friedman says the markets can handle a recession and he’s building a shopping list
(Click here to subscribe to the Delivering Alpha newsletter.) Even if the economy faces two quarters of contraction — the traditional definition of a recession — Josh Friedman thinks it’s strong enough to withstand a more serious slowdown. Friedman is co-founder, co-chairman, and co-CEO of the $26 billion credit giant, Canyon Partners. He sat down with Leslie […]
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