Stock markets
Stocks making the biggest moves midday: AT&T, Nvidia, Sailpoint Technologies and more
A pedestrian walks in front of an AT&T location in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Monday: AT&T — Shares of AT&T jumped more than 7% after the telecom giant announced that it closed its transaction with Discovery to spin off its WarnerMedia business. The combined […]
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Oil drops, Brent crude falls below $100 as China lockdowns spark demand fears
Oil pumping rigs are situated next to a vineyard of table grapes as viewed on July 8, 2021, north of Bakersfield, California. George Rose | Getty Images Oil prices slid Monday, accelerating two straight weeks of declines as lockdowns in China sparked demand fears. International benchmark Brent crude declined 3.9%, or $4.02, to trade at […]
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Shopify plans a 10-for-1 stock split, eyes ‘founder share’ to protect CEO’s voting power
The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. Chris Wattie | Reuters Ecommerce start-up Shopify said Monday it is planning a 10-for-1 stock split, while seeking shareholder approval for a “founder share” for its CEO Tobi Lutke to increase his voting power. Upon shareholders’ approval, Shopify will […]
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Chinese electric car company Nio hikes prices, suspends production
Nio said it has suspended production due to Covid-related restrictions in the last several weeks that halted production at suppliers’ factories. Long Wei | Visual China Group | Getty Images BEIJING — Chinese electric car company Nio said over the weekend it is raising prices and suspending production as the latest Covid wave added to […]
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China Covid outbreak: Guangzhou closes schools, Shanghai’s new cases soar to a record
All 11 districts of Guangzhou city began another round of mass Covid testing late last week, while elementary and middle schools shifted to online learning as of Monday. Costfoto | Future Publishing | Getty Images BEIJING — Another major Chinese city has tightened Covid restrictions as the country struggles to contain a nationwide outbreak stretching […]
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Raising a kid is getting expensive in China — buy these global stocks to cash in, Jefferies says
China’s efforts to raise the national birth rate can help some U.S. consumer stocks, Jefferies analysts said in a report. Source
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Earnings playbook: Big banks and an airline kick off the reporting season
The corporate earnings season will get going next week with some of the biggest U.S. banks slated to report. Source
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Russia’s war will reorient global energy flows and these stocks stand to benefit, says Bernstein
Moving away from Russian energy means billions of dollars in new infrastructure spending, and these names stand to benefit, according to Bernstein. Source
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Reversing globalization could cause pain and profit for companies
Russia’s invasion of Ukraine has fast forwarded a shift away from globalization, and that will create challenges and opportunities for businesses and investors. Source
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Sunnova CEO says war in Ukraine will spur shift to renewables, calls on U.S. to foster solar panel production
Consumer demands, on both reliability and price; climate change, and geopolitical and national security will spur a shift to solar energy, Sunnova CEO says. Source
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