Check out the companies making headlines in midday trading. Tesla — Tesla shares slipped less than 1% as Wall Street assessed the company’s long-anticipated Cybertruck following a delivery launch event Thursday in Texas. Disney — Disney shares were virtually flat after the entertainment giant reinstated its dividend at 30 cents per share amid a renewed…
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Friday to an audience at Spelman College in Atlanta. He is scheduled to participate in a fireside chat following his speech. His remarks come…
Check out the companies making headlines in premarket trading. Pfizer — Shares dropped 4.2% after the drugmaker said it would halt development of its twice-daily experimental weight loss pill. Pfizer said patients in a midstage clinical study reported high rates of adverse side effects. It still plans to release trial data on its once-a-day version…
Vlad Tenev, co-founder and CEO of Robinhood, rings the opening bell at the Nasdaq on July 29, 2021. Source: The Nasdaq Robinhood CEO Vlad Tenev says he doesn’t believe that the payment for order flow (PFOF) model of market-maker routing that the company incorporates in the U.S. is under threat. That’s despite calls from notable…
Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller The late investment icon Charlie Munger said Berkshire Hathaway, the conglomerate he and Warren Buffett built over the last five decades, could have doubled its value if they applied leverage, or borrowed money, when buying businesses and common stocks.…
JOHANNES EISELE | AFP | Getty Images Charlie Munger didn’t manage to help pull off one final deal with his lifelong partner Warren Buffett, but he remained hopeful that Berkshire Hathaway, with nearly $160 billion cash, will find its elephant one day. “We have $160 billion in cash, plus a great credit rating we deserve.…
Bitcoin. Filip Radwanski | Sopa Images | Lightrocket | Getty Images The U.S. Securities and Exchange Commission is formally engaging with asset managers ahead of a much anticipated decision on whether the regulator will approve a bitcoin exchange-traded fund, according to memos published this week. The regulator said in a memo that it met with…
Check out the companies making headlines after the bell . Walt Disney — Shares added about 1% after the entertainment giant reinstated its dividend at 30 cents a share. The move comes amid activist investor Nelson Peltz and his firm’s proxy fight . The activist is calling for additional seats on Disney’s board. Ulta Beauty…
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange on Feb. 27, 2023. Brendan McDermid | Reuters Cathie Wood is about to notch her best month ever as her holdings of innovative technology stocks roared back from steep losses amid declining Treasury yields…
Check out the companies making headlines before the bell: Salesforce — Salesforce popped more than 9% after the cloud software company reported fiscal third-quarter earnings that beat analysts’ expectations. The company posted adjusted earnings of $2.11 per share on $8.72 billion in revenue. Salesforce also shared stronger-than-expected guidance for its fiscal fourth quarter. Nutanix —…
