Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation. “If I’m them, I don’t want to cut too quickly,” Griffin said at the International Futures Industry conference in…
Check out the companies making the biggest moves midday: Southwest Airlines — Shares plummeted nearly 14% after the airline announced it was “reevaluating all prior full year 2024 guidance, including the expectation for capital spending,” citing delivery delays from Boeing. Southwest stated that its first-quarter leisure bookings were weaker than expected. The airline also forecast…
Check out the companies making headlines in premarket trading. Oracle — The information technology stock climbed 13.3% on the back of strong per-share earnings. Oracle posted adjusted earnings per share of $1.41, topping the $1.38 consensus estimate of analysts polled by LSEG. On Holding — Shares plunged more than 14% after the shoemaker posted quarterly…
Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. CNBC | Evelyn Cheng BEIJING — Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28. The company claimed in a social media post…
One of Wall Street’s biggest bulls on Meta Platforms thinks its business could easily grow during a Trump presidency. Jefferies’ Brent Thill sees Facebook as vital — despite President Donald Trump calling it an “enemy of the people” on CNBC’s “Squawk Box ” on Monday. “I don’t agree with this view that it’s the enemy.…
China has set a GDP target of around 5% for yet another year, amid analyst concerns of insufficient policy support to reach the goal. Bloomberg | Bloomberg | Getty Images Valuations of Chinese stocks are “way too low” and investors should be looking to cautiously re-enter the world’s second-largest economy, according to Shaun Rein, founder…
A sign is posted in front of the Oracle headquarters in Redwood Shores, California, on March 11, 2024. Justin Sullivan | Getty Images Check out the companies making headlines after the bell. Oracle — The database software stock surged about 10% in extended trading after fiscal fourth-quarter results topped analysts’ earnings estimates. Oracle’s cloud services…
Check out the companies making headlines in midday trading. Bally’s — Shares soared more than 25% after hedge fund Standard General made a buyout proposal valuing the casino operator at $15 per share. That’s 41.2% higher than where the stock finished last week. Oracle — Shares added 1.6% ahead of the software giant’s fiscal third-quarter…
Check out the companies making headlines before the bell. Crypto stocks — Stocks connected to cryptocurrencies rose as Bitcoin hit a fresh record high and topped $71,000. Coinbase and Microstrategy rose about 6% and 8%, respectively. Marathon Digital also rose 6%. PDD Holdings — U.S.-listed shares of the Chinese ecommerce company added 4.5% following an…
Chesnot | Getty Images News | Getty Images Bitcoin prices rallied on Monday to hit a fresh record high above $71,000, after the British financial watchdog said it would allow exchanges to list cryptocurrency-linked exchange-traded products for the first time. The Financial Conduct Authority said in a notice Monday that it would not object to…
