Trump Media stock falls 10% after posting $327.6 million loss in first quarter – CNBC
Aytak Unal/ | Anadolu | Getty Images The loss for the three months ended March amounted to a net loss per share attributable to common stockholders of $3.61, according to the company’s financial report. The report attributes Trump Media’s losses to non-cash expenses, including the “conversion of promissory notes and the associated elimination of past […]
Stocks making the biggest moves premarket: Macy's, Lowe's, Peloton, Zoom Video and more – CNBC
Check out the companies that are gaining attention in pre-market trading. Macy’s — The department store operator beat first-quarter profit expectations and raised its full-year outlook, sending its stock up about 3%. Macy’s touted its turnaround plan as the driving force behind its strong results. Lowe’s — The home improvement store’s stock rose more than […]
Data centers may drive the grid into a 'brick wall.' These stocks benefit – CNBC
Companies that make small, quick-to-deploy natural gas turbines and generators will benefit as surging demand for electricity from data centers significantly slows the addition of new capacity to the grid, according to Morgan Stanley. He says he is ready to accept it. Morgan Stanley analysts have told clients that much of the U.S. power grid […]
Stock futures are little changed after Nasdaq Composite hits all-time high: Live updates – CNBC
9 minutes ago Lowe’s rises after strong financial results Lowe’s shares rose more than 2% in premarket trading after the home improvement retailer reported better-than-expected earnings and revenue of $3.06 a share on sales of $21.36 billion. Analysts for LSEG had expected earnings of $2.94 a share on sales of $21.12 billion. Same-store sales, a […]
Palo Alto Networks tumbles on earnings again. It's another chance to buy – CNBC
Another earnings report saw Palo Alto Networks selling again in after-hours trading. However, as with the two announcements ahead of Monday night’s earnings call, we view the dip as a buying opportunity for long-term investors. The cybersecurity company’s third-quarter fiscal 2024 revenue rose 15% year over year to $1.985 billion, beating the LSEG consensus estimate […]
JPMorgan CEO Jamie Dimon signals retirement is closer than ever – CNBC
JPMorgan Chase CEO Jamie Dimon attends the UK Global Investment Summit held at Hampton Court Palace on Monday, November 27, 2023 in London, England. Bloomberg | Bloomberg | Getty Images Jamie Dimon’s time as CEO of JPMorgan Chase & Co. is numbered, but it’s unclear how long he will last. Mr. Dimon responded Monday to […]
European markets start the week mixed; Richemont up 5% – CNBC
46 minutes ago European stocks open mixed European stocks had a cautious start on Monday, with the regional Stoxx 600 index up 0.07% by 8:40 a.m. in London after opening near flat. Germany’s DAX, Britain’s FTSE 100 and France’s CAC 40 all rose about 0.25%. See chart… STOXX 600 index. Friday, May 17, 2024 12:59 […]
Stock futures tick higher after Dow closes above 40,000 for the first time: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures rose Sunday night after the Dow Jones Industrial Average closed above the crucial $40,000 level for the first time in history on Friday. […]
Here's what has driven the Dow rally to 40,000, and why it could keep going – CNBC
Traders work on the floor of the New York Stock Exchange on May 16, 2024. Spencer Pratt | Getty Images Breaking major milestones, such as the $40,000 barrier that the Dow Jones Industrial Average crossed this week, makes for great headlines, but market experts aren’t giving the moves much weight. What really matters is what […]
Dow futures are little changed after blue-chip average touches 40,000 for first time: Live updates – CNBC
2 hours ago Country Garden liquidation hearing in Hong Kong court postponed Hearing on a petition to liquidate debt-laden Chinese property company Country Garden Holdings has been postponed until June 11 by a Hong Kong court. According to Reuters. The struggling real estate company received a winding up application filed by one of its creditors […]