Check out the companies making headlines before the bell. Starbucks — Shares of the coffee giant jumped 5.6% after Starbucks’ quarterly earnings and revenue exceeded analysts’ expectations. The company’s same-store sales also rose by 8%, driven by higher average checks and a 3% increase in customer traffic to Starbucks cafes. Domestic locations outperformed. SolarEdge —…
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images European fintech firm Revolut on Thursday said it appointed former Barclays executive Francesca Carlesi as its new U.K. CEO. Carlesi, who also worked at Deutsche Bank and has 15 years of experience in financial services, was most recently…
Bletchley Park was a codebreaking facility during World War II. Getty The U.K. government said Wednesday that it will invest £225 million, or $273 million, into an artificial intelligence supercomputer, highlighting the country’s ambition to lead in the technology as it races to catch up to the U.S. and China. The University of Bristol will…
Market Movers rounded up the latest reactions to Advanced Micro Devices from investors and analysts. The pros, including Jim Cramer , discussed the chipmaker after it reported third-quarter results that beat on both earnings and revenue. After market close Tuesday, AMD reported adjusted earnings of 70 cents per share on revenue of $5.8 billion. Analysts…
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes that interest rates are about to trend lower as the economy deteriorates further and tips into a recession next year. “I do think rates are going to fall as we move into…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in September. Text removed from the September statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements.…
Check out the companies making headlines in midday trading. Advanced Micro Devices — The stock added 8% after the chipmaker beat analysts’ expectations for its third-quarter earnings . The company also offered positive 2024 guidance for artificial intelligence GPU revenue. Generac — The generator builder popped more than 15% after topping Wall Street’s third-quarter estimates. Generac…
Thomas Jordan, president of the Swiss National Bank (SNB), speaks during the bank’s annual general meeting in Bern, Switzerland, on Friday, April 28, 2023. Bloomberg | Bloomberg | Getty Images Jordan suggested that without the ELA+ loan, which was not secured in the manner typically required by the SNB, Credit Suisse risked being unable to…
Check out the companies making headlines before the bell. WeWork — Shares plunged 35.5% following a report in the Wall Street Journal that the shared workspace company is planning to file for Chapter 11 bankruptcy protection as soon as next week. Advanced Micro Devices — The chipmaker dipped more than 1% after issuing softer-than-expected revenue…
Billionaire investor Stanley Druckenmiller said the federal government has been spending recklessly and failed to issue debt at low rates in past years, mistakes that will ultimately lead to some tough choices in the future like cutting Social Security. “We are spending like drunken sailors,” Druckenmiller said on CNBC’s “Squawk Box” Wednesday. “Don’t forget pre-Covid … the…
