Stocks making the biggest moves after hours: Disney, Bumble, Rivian and more

Stocks making the biggest moves after hours: Disney, Bumble, Rivian and more


Check out the companies making headlines in extended trading.

Walt Disney — Disney shares rose about 1% in extended trading after the company reported stronger-than-expected growth in streaming subscribers across its media platforms for the most recent quarter.

Bumble — The dating app operator’s shares jumped more than 9% after the company reported $211.2 million in revenue for the first quarter that exceeded analysts’ estimates of $208.3 million, according to Refinitiv.

Beyond Meat — Shares fell more than 20% after the maker of plant-based meat substitutes reported a wider-than-expected loss for its first quarter after offering discounts to international consumers in that period. Revenue for the quarter also missed expectations.

Rivian — The electric vehicle maker saw shares jump more than 7% after reporting a narrower-than-expected loss for the first quarter. The company maintained its 2022 production target of 25,000 vehicles.



Source

Republican Sen. Thom Tillis vows to block Trump’s Fed nominees following Powell probe
Finance

Republican Sen. Thom Tillis vows to block Trump’s Fed nominees following Powell probe

Key Points Sen. Thom Tillis, R-N.C., said he will block any Trump Fed nominees, including for chair, in light of revelations that the Justice Department is investigating Jerome Powell for potential perjury charges. That position substantially complicates the road to replacing Powell, whose term as chair expires in May. While Powell’s term as chair ends […]

Read More
Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned
Finance

Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned

Treasury Secretary Janet Yellen speaks with CNBC from the New York Federal Reserve on Sept. 26th, 2024. David A. Grogan | CNBC Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank’s independence. Yellen, who served as Treasury secretary after leaving the Fed, […]

Read More
Trump’s credit card rate cap plan has unclear path, ‘devastating’ risks, bank insiders say
Finance

Trump’s credit card rate cap plan has unclear path, ‘devastating’ risks, bank insiders say

Key Points Trump proposed a one-year 10% cap on the interest rates that American credit card companies can charge customers. Shares of Citigroup, JPMorgan Chase, Wells Fargo, Bank of America, Visa, Mastercard, American Express and Capitol One fell in response. It’s unclear how the cap would be enforced, and bank industry insiders say it would […]

Read More