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Stocks making the biggest moves after hours: Microsoft, Meta Platforms, Starbucks, Coinbase and more
Check out the companies making headlines in extended trading: Microsoft — The technology giant added about 1% after surpassing Wall Street estimates on the top and bottom lines in the fiscal first quarter . Microsoft reported earnings per share of $3.30 on revenue of $65.59 billion, while analysts polled by LSEG forecast $3.10 in earnings […]
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The Jackson Hole technical trade: BTIG says these stocks are buys ahead of Powell speech
A handful of stocks could be breakout candidates as investors react to discussions at the Federal Reserve’s annual retreat in Jackson Hole, Wyoming, according to BTIG. Fed Chair Jerome Powell could offer insight into the likelihood and depth of an interest rate cut at the central bank’s September meeting. Investors widely expect a cut, according […]
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Stocks making the biggest moves after hours: Meta Platforms, Qualcomm, Arm Holdings and more
Check out the companies making headlines after the bell : Meta Platforms — Shares of the social media giant rallied more than 4%. Meta Platforms topped revenue and earnings expectations for the recent quarter, posting earnings of $5.16 per share on $39.07 billion in revenue. The company also offered a strong forecast for the current […]
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Temu and Shein’s soaring popularity has Wall Street eyeing China’s influence on tech earnings
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Temu and Shein have exploded in the U.S. by going on an online marketing blitz and offering consumers inexpensive goods […]
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CNBC Everyday Open: ‘Roaring Kitty’ will get chewed up, Nasdaq hits document
Nasdaq closes at document significant, Paramount streaming company on the block, ‘Roaring Kitty’ will take 6.6% Chewy stake Johannes Eisele | AFP | Getty Photographs This report is from modern CNBC Everyday Open, our global marketplaces e-newsletter. CNBC Each day Open brings buyers up to velocity on everything they need to have to know, no […]
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Nike CEO John Donahoe comes under fire from Wall Street after lackluster performance
People wearing protective face masks walk past the closed Nike store on 5th Avenue during the outbreak of Covid-19 in New York City on May 11, 2020. Mike Segar | Reuters Nike CEO John Donahoe appears to be on thin ice. The former top executive of eBay, who has been at the helm of Nike […]
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Shares making the largest moves prior to the bell: Robinhood, Nvidia, Lululemon, 5 Underneath and additional
Examine out the businesses earning headlines in premarket investing. Robinhood — The online brokerage rose additional than 3% just after revealing a $200 million deal to order crypto exchange Bitstamp. The offer is anticipated to shut in the initial fifty percent of 2025. Nvidia — The artificial intelligence darling traded 1.8% higher, creating on momentum […]
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See inside Ford’s new tech campus, a century-old Detroit train station restored for $950 million
Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit’s downfall and blight into a new technology campus for the automaker and mixed-use property for the city. Michael Wayland / CNBC DETROIT – Ford’s latest project out of the Motor City is the restoration and reopening of an abandoned […]
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BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%
Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit. In an exclusive interview with CNBC, Johan Tjarnberg, CEO of Trustly, said that his firm still needs […]
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Advertisers boost spending at retailers like Walmart and Amazon as TV shrinks
An M&M’s advertisement seen on a gas pump. Courtesy: GSTV The next frontier for the ad market isn’t on TV — it’s in stores and on your phone. Television had long been the key target for advertisers, until tech companies like Alphabet and Meta-owned platforms like Facebook began to gobble up market share. While ad […]
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