Markets
Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income
watch now VIDEO1:5901:59 Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income Squawk Box Wells Fargo reported lower earnings and revenue for the third quarter than a year ago on Friday amid a sizable decline in net interest income. Here’s what the bank did compared with Wall Street estimates, […]
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Stock futures are flat as traders await inflation reading, evaluate bank earnings: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 11, 2024 in New York City. Angela Weiss | AFP | Getty Images Stock futures were little changed on Friday morning, as investors looked ahead to a wholesale inflation reading. JPMorgan Chase shares rose as the bank kicked […]
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Tesla shares drop 5.5% in premarket after Cybercab robotaxi reveal fails to impress
Tesla unveils its “Cybercab” on October 10, 2024 in Burbank, California. Shares of electric vehicle maker Tesla sank after the company’s long-awaited robotaxi event — where CEO Elon Musk unveiled the firm’s Cybercab self-driving concept car — failed to impress investors. Tesla stock was down 5.5% as of 4:55 a.m. ET in premarket trading on Friday. Musk […]
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UK economy grows 0.2% in August, in line with expectations
Alexander Spatari | Moment | Getty Images LONDON — The U.K. economy grew 0.2% in August on a month-on-month basis, flash figures published by the Office for National Statistics showed Friday. Gross domestic product (GDP) came in line with the expectations of economists polled by Reuters, who had forecast growth of 0.2%. Britain’s economic growth […]
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CNBC Daily Open: Is higher-than-expected CPI just a ‘janky’ data point?
Customers shop for eggs at a Sprouts grocery store on April 12, 2023 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where […]
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CNBC Daily Open: CPI’s higher than expected. Is it just a ‘janky’ data point?
A worker arranges peaches at a fruit stand in the Pike Place Market in Seattle, Washington, US, on Thursday, July 4, 2024. SeongJoon Cho | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, […]
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Asia markets open mostly higher after declines on Wall Street; BOK rate decision in focus
Signage for Bank of Korea is displayed atop the central bank’s headquarters building in Seoul, South Korea, on Thursday, Aug. 16, 2018. South Korea’s central bank hiked interest rates for a second consecutive meeting on Thursday to wrestle consumer inflation down from 13-year highs, and further raised its projections for prices to rise to their […]
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Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Warren Buffett’s Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July. In a Thursday night filing with the […]
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MicroStrategy hit its highest level relative to bitcoin since 2019. How to hedge it, per Wolfe
While “boring” bitcoin has been chopping sideways since March, bitcoin proxy MicroStrategy is trading at its highest level relative to the flagship crypto since 2019. Wolfe Research managing director Rob Ginsberg said he “loves [MicroStrategy’s] chances to get out and continue climbing,” but that the stock is overbought in the near term. He suggested a […]
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Stocks making the biggest moves midday: First Solar, Tesla, CVS, TD Bank and more
Check out the companies making headlines in midday trading: First Solar — The solar stock slipped 8%, on pace for its worst day since July 15, after Jefferies cut its price target on the stock and said it expects First Solar’s third-quarter report to disappoint. Jefferies maintained its buy rating on the stock but said […]
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