Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds – CNBC
The regulator did not immediately respond to CNBC’s request for comment on Monday. The agency approved rule changes in May to allow exchanges to list ethereum funds. Among the firms that have been racing to launch Ethereum funds are large asset managers such as BlackRock, Fidelity and VanEck, along with crypto-focused firms such as Bitwise, […]
S&P 500 futures are little changed as investors await key earnings reports: Live updates – CNBC
18 minutes ago CBOE Volatility Index rate of change measure hits April high last week The CBOE Volatility Index (VIX) 10-day volatility gauge rose to 32 last week, the highest level since April, according to data compiled by Canaccord Genuity analyst Michael Welch. Welch said that of the five times the measure (which is separate […]
Warren Buffett's Berkshire trims Bank of America stake for the first time since 2019 after strong rally – CNBC
Warren Buffett walks through the chambers ahead of Berkshire Hathaway’s annual shareholder meeting on May 3, 2024 in Omaha, Nebraska. David A. Glogen | CNBC Berkshire Hathaway has reduced its huge holdings in Bank of America for the first time in four and a half years, following the bank’s strong 2024 performance. Warren Buffett’s conglomerate […]
S&P 500 futures tick higher Sunday night after worst week since April: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange on July 11, 2024. Spencer Pratt | Getty Images S&P 500 futures were up slightly late Sunday after posting their worst weekly drop since April last week as investors shifted money from large tech stocks to mid-cap names. Futures linked to the Composite Stock […]
Microsoft, CrowdStrike shares fall in premarket trading after major outage hits businesses worldwide – CNBC
CrowdStrike develops software that helps businesses manage security in their IT environments. Sopa Images | LightRocket | Getty Images Shares in cybersecurity company CrowdStrike plummeted on Friday after an update caused a major outage that affected businesses around the world. Shares of the company, which makes software to help companies manage security in their IT […]
Stocks making the biggest moves after hours: Intuitive Surgical, Netflix and more – CNBC
These are the stocks with notable moves after the market closed on July 18: Netflix — The streaming giant fell less than 1% after its second-quarter sales and profits beat expectations. Netflix reported earnings of $4.88 per share on revenue of $9.56 billion. Analysts surveyed by LSEG had expected $4.74 per share on revenue of […]
First Horizon CEO talks regional bank competition after earnings miss – CNBC
After First Horizon reported weaker-than-expected profits on Wednesday morning, the regional bank’s CEO, Brian Jordan, told CNBC’s Jim Cramer that tough competition in the industry could continue through the rest of the year. “Competition is increasing. Money market and CD deposit rates are becoming very competitive,” Jordan said. “We’re seeing a lot of special rates […]
Stocks making the biggest moves after hours: United Airlines, Discover Financial Services, Kinder Morgan and more – CNBC
Here’s a look at some companies that were making waves in after-hours trading: Discover Financial Services — Shares rose 2.7% after Discover Financial Services reported second-quarter results. The banking and payments company reported net interest income of $3.52 billion, beating the FactSet consensus estimate of $3.46 billion. Earnings per share of $6.06 beat analysts’ estimates […]
Our 5 top-performing stocks since June’s monthly meeting (only one is Big Tech) – CNBC
Since the Club’s last monthly meeting in June, stocks have been performing well again. Stocks have been trading at new highs in the past few weeks as the Fed is likely to cut interest rates soon, following recent strong inflation readings. Traders now see a 100% chance of an interest rate cut by September, according […]
HSBC appoints Georges Elhedery as group CEO starting Sept. 2 – CNBC
HSBC’s logo is displayed outside its UK branches. Matt Cardy | Getty Images HSBC Announced on Wednesday Georges El Hedery appointed Group CEOIt will start on September 2nd. El Hedery, the current chief financial officer, will succeed Noel Quinn, who will retire in September. In late April, HSBC suddenly announced that Quinn was stepping down […]