Markets
Stocks making the biggest moves after hours: Paramount, Expedia, E.l.f. Beauty and more
Check out the companies making headlines in after-hours trading. Paramount Global — The media company jumped 5.7% after posting a massive earnings beat for the second quarter, reporting earnings of 54 cents per share while analysts polled by LSEG called for 12 cents per share. Paramount’s revenue of $6.81 billion for the period fell short […]
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This tech stock may hold the key to the market — and it’s not Nvidia
A stock that’s done nothing since early February could be the key to the stock market’s fate. That stock is Meta Platforms (META) . Way back on February 2nd, META gapped to new all-time highs post earnings and continued making new highs for two more months. It then gapped lower in April (again after earnings), pivoted, […]
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Stocks making the biggest moves midday: Eli Lilly, Under Armour, Warner Bros. Discovery and more
Eli Lilly — The drug maker’s stock surged 8% after the firm reported second-quarter earnings and revenue that blew past expectations. Eli Lilly also hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound spike. Under Armour — Shares popped 19% after the athletic […]
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Cryptocurrencies resume their rebound, bitcoin retakes $59,000
Omer Taha Cetin | Anadolu | Getty Images Cryptocurrencies resumed their rebound from their big sell-off earlier in the week, with bitcoin retaking $59,000. The price of the flagship cryptocurrency was last higher by 8% at $59,385.40, according to Coin Metrics, rising above the $55,000 floor that has supported it for much of this year. […]
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Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market
Initial claims for unemployment insurance totaled less than expected last week, countering other signs that the labor market is weakening. First-time filings for jobless benefits came to a seasonally adjusted 233,000 for the week, a decline of 17,000 from the previous week’s upwardly revised level and lower than the Dow Jones estimate for 240,000, the […]
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JPMorgan raises 2024 recession odds to 35%
JPMorgan upped the likelihood it sees for the U.S. economy entering a recession this year, the latest sign of concern around the country’s financial health following the market turbulence this week. The bank raised its probability for a U.S. or global recession to 35% by year end, chief global economist Bruce Kasman told clients in […]
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‘Diversification is your free lunch’ as market dynamics shift, CEO of world’s largest index provider says
Diversification into smaller stocks is a “free lunch” for long-term investors as market trends shift, according to the head of the world’s largest index provider. After a period of concentration into the “Magnificent Seven” mega-cap tech stocks — comparable to the dotcom bubble of the 1990s — traders are diversifying their strategies with small caps […]
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Stocks making the biggest moves premarket: Eli Lilly, Under Armour, Warner Bros. Discovery and more
Check out the companies making headlines in premarket trading. Eli Lilly — The drug maker’s stock surged 8% in premarket trading after the firm reported second-quarter earnings and revenue that blew past expectations. Eli Lilly also hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight loss […]
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Restaurant Brands revenue tops estimates, fueled by Tim Hortons
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom. John Keeble | Getty Images Restaurant Brands International on Thursday reported quarterly revenue that beat analysts’ expectations, fueled by better-than-expected sales at Tim Hortons and the company’s international restaurants. Shares of the company […]
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Siemens earnings beat estimates on strong demand for electrification, software
15 November 2023, Bavaria, Munich: Flags with the word “Siemens” in front of the company’s headquarters. Siemens publishes figures for fiscal year 2022/23. Photo: Karl-Josef Hildenbrand/dpa (Photo by Karl-Josef Hildenbrand/picture alliance via Getty Images) Karl-Josef Hildenbrand | Picture Alliance | Getty Images German industrial technology giant Siemens on Thursday posted better-than-expected quarterly operating profit and […]
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