Market Insider
China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
Key Points China is introducing ways to bolster yuan’s usage as confidence in the U.S. dollar falters. Three major Chinese exchanges have allowed certain foreign institutional investors to trade more futures and options contracts listed in mainland China. From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to accelerate international […]
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Stocks making the biggest moves midday: Uber, Carnival, Advance Auto Parts, Snowflake and more
Check out the companies making the biggest moves midday: Carnival — The cruise line jumped nearly 7% after beating second-quarter earnings and revenue that topped analysts’ expectations. Carnival reported adjusted earnings of 35 cents per share on revenue of $6.33 billion. Analysts were expecting earnings of 25 cents per share on revenue of $6.21 billion, […]
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Stocks making the biggest moves premarket: Carnival, Chewy, KB Home, Lockheed Martin and more
Check out the companies making headlines before the bell: Carnival — The cruise line jumped more than 6% after beating second quarter earnings and revenue that topped analysts’ expectations. Carnival reported adjusted earnings of 35 cents per share on revenue of $6.33 billion. Analysts were expecting earnings of 25 cents per share on revenue of […]
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Stocks making the biggest moves midday: Tesla, Novo Nordisk, Hims & Hers, Northern Trust, Fiserv and more
Check out the companies making headlines in midday trading: Tesla — Shares jumped more than 10% after Tesla rolled out its robotaxi service in Austin, Texas, over the weekend. Wedbush analyst Dan Ives said a ride in the taxi exceeded his expectations . However, some analysts were more reserved. Northern Trust — Shares rose 7% […]
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Stocks making the biggest moves premarket: Tesla, Northern Trust, DoorDash, Northrop Grumman, Exxon Mobil and more
Check out the companies making headlines before the bell. Northern Trust – Shares rose more than 6% after the Wall Street Journal, citing people familiar with the matter, reported that Bank of New York Mellon approached Northern Trust last week to convey interest in a merger between the two rivals. The report also said that […]
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The Iran-Israel conflict isn’t denting Chinese business optimism in the Middle East
Key Points Chinese shipments to Dubai’s logistics hub have risen by 20% this month from a year ago, according to estimates from Bear Huo, China general manager at FundPark. Chinese companies have increasingly turned to the region in the last few years. “A more stable Middle East serves China’s economic and strategic interests,” said an […]
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Stocks making the biggest moves midday: GXO Logistics, CarMax, Nvidia, Circle & more
Check out the companies making the biggest moves midday: GXO Logistics — The stock popped more than 11% after the supply chain and warehousing management firm raised its full-year earnings outlook. The company now sees EBITDA between $860 million and $880 million. GXO also appointed Patrick Kelleher as CEO, effective Aug. 19. CarMax — Shares […]
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Stocks making the biggest moves premarket: CarMax, Darden Restaurants, Accenture, GMS
Check out the companies making headlines before the bell: CarMax — Shares jumped 10% after CarMax reported first-quarter results that exceeded. Earnings of $1.38 per share on revenue of $7.55 billion exceeded an LSEG consensus of $1.16 in earnings per share and revenue of $7.52 billion. GMS — The specialty building products stock jumped 26% […]
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Labubu-maker Pop Mart’s shares extend slide as Morgan Stanley removes it from China focus list
Key Points Pop Mart’s Hong Kong-listed shares dropped more than 5%, extending their slide from the previous session when they had slumped 5.3%. The high-flying stock is on track for its first negative week since early May — down more than 13%. Its year-to-date gains stand at over 160%. Morgan Stanley said in a note […]
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