Minneapolis Federal Reserve President Neel Kashkari said Wednesday he expects the central bank to cut rates only a few times this year, contrary to market expectations. “Sitting here today, I would say, two or three cuts would seem to be appropriate for me right now,” he said during a CNBC “Squawk Box” interview. “But again,…

The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images New York Community Bank’s shares jumped early Wednesday after it promoted its chairman to help stabilize the company’s operations. NYCB shares rose 9%, reversing earlier losses of about 10% after Moody’s…

Check out the companies making headlines in premarket trading. Snap — The social media stock tumbled 32.2% on Wednesday morning, a day after the company posted worse-than-expected revenue and offered weak guidance. Snap said it was facing headwinds from the Israel-Hamas war. Alibaba — The Chinese e-commerce giant rose as much as 5% in premarket…

A customer exits a Lawson Inc. convenience store in Tokyo, Japan, on Tuesday, Oct. 6, 2020. Bloomberg | Bloomberg | Getty Images Shares of Japan’s third-largest convenience store chain Lawson surged 18% it received an offer to go private. The offer would see conglomerate Mitsubishi and mobile carrier KDDI jointly manage the convenience store chain,…

Check out the companies making headlines in extended trading. Mercury Systems — Shares of the technology company fell nearly 12% after missing Wall Street estimates in the fiscal second quarter. Mercury reported an adjusted loss of 42 cents per share on revenue of $197 million, while analysts polled by FactSet expected it to earn 7…

Billionaire investor Leon Cooperman forecasts that the stock market and its hefty valuations could see losses this year, while long-duration Treasury yields could test higher again. “Everybody came into 2023 with a very negative view, and the market went up quite a bit. Everybody is now positive, and so my guess is that by the…

Check out the companies making headlines before the bell. Spotify — The streaming stock popped 7.4% after Spotify reported an increase in Premium subscribers — which reached 236 million in the fourth quarter — that beat analysts’ expectations as estimated by the FactSet consensus. Palantir — Shares of the data analytics provider surged more than…

Fabrice Coffrini | Afp | Getty Images Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth up to $1 billion in the second half of the year. The group posted a net loss attributable to shareholders of $279 million for the quarter. Analysts polled…

Check out the companies making headlines after hours. Palantir Technologies — Shares jumped 17% after Palantir posted a revenue beat in the fourth quarter. Revenue came in at $608.4 million versus the $602.4 forecast by analysts, according to LSEG, formerly known as Refinitiv. The company posted adjusted earnings of 8 cents per share, which was…

Ken Griffin, CEO of Citadel, at CNBC’s Delivering Alpha on Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s flagship hedge fund rose last month as volatility made a return amid the debate about rate cuts, according to a person familiar with the returns. Citadel’s multistrategy flagship Wellington fund climbed 1.9% in January, following…