An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record…
Market Movers rounded up the latest reactions to Apple from investors and analysts. The pros, including Jim Cramer , discussed the iPhone maker. A day earlier, Apple released fiscal fourth-quarter results that beat on both earnings and revenue. The company also issued a weak revenue outlook for the December quarter, which historically is Apple’s most…
Check out the companies making headlines in midday trading. Expedia — Shares surged 17% during midday trading Friday, a day after the vacation booking platform delivered a stronger-than-expected earnings report for the third quarter. Expedia posted adjusted earnings of $5.41 per share on $3.93 billion in revenue. Analysts polled by LSEG forecasted earnings of $4.93…
Wefox CEO Julian Teicke. Wefox Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit, two anonymous sources familiar with the deal told CNBC. The company, which sells insurance plans via an online platform, raised the fresh cash in a debt financing deal from the…
The need for second — and often third — incomes is mounting, according to a top digital bank executive. Current CEO Stuart Sopp finds almost half of the firm’s payment customers have more than one job. “If you’re having a paycheck over the past year, 20, 25% of paycheck depositors have at least one extra…
Check out the companies making headlines in extended trading. Live Nation Entertainment — Shares of the ticket provider climbed nearly 3% after a beat on the top and bottom lines in the third quarter. Live Nation reported $1.78 in earnings per share on $8.15 billion in revenue against estimates from analysts polled by LSEG, formerly…
Market Movers rounded up the latest reactions to Starbucks from investors and analysts. The pros, including Jim Cramer , discussed the coffee giant after it released fiscal fourth-quarter results that exceeded expectations. U.S. and North American same-store sales jumped 8% as customers purchased costlier beverages. Starbucks closed the trading session up 9.5% and is held…
Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Shares of fintech firm Block surged as much as 19%…
Bank of England Governor Andrew Bailey said Thursday that the ongoing Israel-Hamas war poses a potential risk to the bank’s efforts to bring down inflation. Bailey told CNBC that aside from the immense human tragedy brought about by the now almost four-week conflict, the possible knock-on effects for energy markets were significant, risking a resurgence in price…
Alain Jocard | AFP | Getty Images Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use its online store, CNBC learned exclusively. The tech giant confirmed Thursday that its partnership with Affirm is expanding to include Amazon Business, the e-commerce platform that caters to…
