Block Inc
Affirm shares pop more than 10% on revenue beat
Affirm shares jumped more than 10% in extended trading on Thursday after the provider of buy now, pay later loans, reported better-than-expected fiscal second-quarter results. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 23 cents adjusted. That’s not comparable to an expected loss of 15 cents. Revenue: $866 million […]
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Stocks making the biggest moves midday: Rivian Automotive, Anheuser-Busch Inbev, Ford and more
Check out the companies making headlines in midday trading. Rivian Automotive – Shares popped 19% after the electric vehicle maker’s vehicle production and deliveries for 2024 met the company’s previously announced guidance. This comes after the company had lowered its production target for the full year in October. U.S. Steel – Shares fell 6% following […]
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Stocks making the biggest moves premarket: U.S. Steel, Carvana, Block and more
Check out the companies making headlines before the bell. U.S. Steel — U.S. Steel shares slid nearly 8% after President Joe Biden blocked Japanese company Nippon Steel’s $14.9 billion takeover of U.S. Steel, saying : “U.S. Steel will remain a proud American company.” Biden said the domestic steel industry is a national security priority. Block — Shares […]
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Stocks making the biggest moves midday: MicroStrategy, Boeing, Nvidia and more
Check out the companies making headlines in midday trading. Boeing — The aircraft stock shed 2% after South Korea ordered an inspection of all 737-800 planes operated by domestic carriers following the deadly Jeju Air crash over the weekend, which involved a plane of that model. All but two of the 181 people on board […]
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These stocks, including Nvidia, are among Bank of America’s top stocks to buy in 2025
Bank of America said a slew of stocks, including Nvidia , have plenty of upside in 2025. The firm recently named a few buy-rated stocks that every investor must own heading into the new year. In addition to the chip juggernaut, the names include Block , Cadence Design Systems , Chevron and East West Bancorp […]
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How bitcoin views are evolving among corporate America’s cash managers: CNBC CFO Council Survey
In recent months, billionaire bitcoin investor Michael Saylor tried to convince Microsoft to use some of its more than $78.42 billion in cash and cash equivalents on its balance sheet to buy bitcoin. The strategy has been a lucrative one for Saylor and the company he co-founded, MicroStrategy. The company’s stock price has risen more […]
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Financials are the best performing stocks of 2024. Here’s one corner that could do especially well
Financial stocks are the best-performing group in 2024 and, even though they’re widely thought to have more room to run as a sector, a subset of them are even more favorably positioned. The S & P 500 financial sector has surged 36% so far this year, outpacing both the communication services and information technology sectors […]
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Video platform Rumble plans to buy up to $20 million in bitcoin in new treasury strategy
Mustafa Ciftci | Anadolu | Getty Images Rumble, a video platform aimed at conservatives, said Monday evening that it will begin allocating a portion of its excess cash reserves to bitcoin and making purchases of up to $20 million in the cryptocurrency. Shares rose more than 2% in extended trading. “We believe that the world […]
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CFPB expands oversight of digital payments services including Apple Pay, Cash App and PayPal
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau on Thursday issued a finalized version […]
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Top Wall Street analysts are upbeat on these stocks for the long haul
The postelection rally has hit some turbulence in recent days, giving investors a bumpy ride in the near term. However, these choppy markets can harbor plenty of opportunities — for those who know where to look. Investors shouldn’t focus too much on short-term volatility as they position their portfolios. Recommendations from Wall Street can help […]
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