Finance

Stocks making the biggest moves midday: Robinhood, Chewy, RH, Lululemon and more
Finance

Stocks making the biggest moves midday: Robinhood, Chewy, RH, Lululemon and more

Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Robinhood — Shares of the stock-trading app fell 5.8% […]

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SEC targets SPACs with rules on inflated business forecasts, merger disclosures
Finance

SEC targets SPACs with rules on inflated business forecasts, merger disclosures

A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images The Securities and Exchange Commission on Wednesday debuted a host of new rules for SPACs that, if enacted, would mark one of the broadest attempts to date at cracking […]

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Stocks making the biggest moves premarket: BioNTech, Five Below, Lululemon and others
Finance

Stocks making the biggest moves premarket: BioNTech, Five Below, Lululemon and others

Check out the companies making headlines before the bell: BioNTech (BNTX) – The drug maker’s shares jumped 5.9% in the premarket after reporting significantly better-than-expected revenue and profit for the fourth quarter. BioNTech also reiterated its prior vaccine revenue guidance for 2022. Five Below (FIVE) – The discount retailer’s stock slid 3.4% in premarket trading […]

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Stocks making the biggest moves after hours: Micron, Lululemon, RH and more
Finance

Stocks making the biggest moves after hours: Micron, Lululemon, RH and more

The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S. Matthew Staver | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Micron — Shares of the chip maker advanced more than 4% after hours, after the company reported financial results for its most recent quarter. Micron beat Wall […]

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Fed’s Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs
Finance

Fed’s Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs

Despite on ominous indicator hanging over the economy and higher interest rates on the way, Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn’t think the U.S. is heading for recession. That view, expressed in a CNBC interview, comes in the face of a looming inversion of the 10- and 2-year Treasury yields […]

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Bill Ackman is done with activist short-selling, will focus on quieter, long-term approach
Finance

Bill Ackman is done with activist short-selling, will focus on quieter, long-term approach

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Investor Bill Ackman said Tuesday that he will no longer take part in vocal activist short selling campaigns, a practice he engaged in that led to one of the most colorful battles in Wall Street history. “Despite our limited participation in […]

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Stocks making the biggest moves midday: GameStop, Uber, Nielsen Holdings and more
Finance

Stocks making the biggest moves midday: GameStop, Uber, Nielsen Holdings and more

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. GameStop — Shares of the video game retailer dropped 6% on huge trading volume. More than 8 million shares […]

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Goldman Sachs is buying corporate retirement plan robo-advisor NextCapital
Finance

Goldman Sachs is buying corporate retirement plan robo-advisor NextCapital

A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia. David Gray | Reuters Goldman Sachs has agreed to acquire NextCapital, a Chicago-based fintech firm that provides automated advice to corporate retirement plan participants. The bank said Tuesday in a release that the deal, the terms of which were not disclosed, […]

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Stocks making the biggest moves in the premarket: Nielsen Holdings, FedEx, LHC Group and more
Finance

Stocks making the biggest moves in the premarket: Nielsen Holdings, FedEx, LHC Group and more

Take a look at some of the biggest movers in the premarket: Nielsen Holdings (NLSN) – The TV ratings company’s stock surged 20.9% in the premarket after it agreed to be acquired by a private-equity consortium for $28 per share. The deal is worth $16 billion, including assumed debt. FedEx (FDX) – FedEx CEO Fred […]

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