Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023. Mike Blake | Reuters Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions. Fraser, closing in on her third full year atop the bank, said…
A member of the Mississippi National Guard receives a dose of the Moderna COVID-19 vaccine in his arm, in Flowood, Mississippi. Rogelio V. Solis | AP Check out the companies making headlines before the bell. Moderna — Moderna shares rose more than 3% in early trading after the Centers for Disease Control and Prevention recommended updated Covid vaccine…
Market Movers rounded up the latest reactions on Oracle from investors and analysts. The pros, including Jim Cramer , discussed the software company as its stock suffered the worst single-day drop in more than 20 years. Late Monday, Oracle reported an earnings beat, but revenue came in lighter than analysts’ estimates . A major catalyst…
Traders work on the floor of the New York Stock Exchange, July 12, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Oracle — Shares dipped more than 12% a day after the software company posted disappointing earnings and revenue guidance for its fiscal second quarter. Oracle’s revenue, which came in at…
Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines before the bell Oracle – Shares fell 10% before the opening bell after the company posted weaker-than-expected revenue and revenue…
A Citic Press book stand advertises for the release of the Chinese version of Walter Isaacson’s new Elon Musk biography. CNBC | Evelyn Cheng BEIJING — Walter Isaacson’s new biography of Elon Musk hit the Chinese market Tuesday, several hours ahead of the U.S. release due to a time difference that puts Beijing 12 hours…
A view of the Standard Chartered bank in Singapore, May 3, 2023. Caroline Chia | Reuters Zodia Custody, a company that helps large institutions store their crypto, launched in Singapore on Tuesday in a bid to tap into the country’s rapidly growing digital asset market. The development makes Zodia the first entity that is owned…
Market Movers rounded up the latest reactions on Qualcomm from investors and analysts. The pros discussed the chipmaker after the company announced it will continue to supply 5G modems for Apple’s smartphones through 2026 . Wall Street analysts and Qualcomm officials had previously thought Apple would produce and use its own 5G modem starting in…
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, US, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon said Monday that while the U.S. economy is doing well, it…
Visitors at the Tesla booth at the World Artificial Intelligence Conference in Shanghai, July 6, 2023. Costfoto | Nurphoto | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle maker jumped 6% after Morgan Stanley upgraded the stock to overweight from equal weight. Analyst Adam Jones…
