Elf complexion sponges arranged in Germantown, New York, July 17, 2023. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after hours. SolarEdge Technologies — The solar stock dropped 11% in extended trading. SolarEdge missed revenue expectations in its second quarter, posting $991 million compared to the expected $992 million from…
Hon Chang-joon, business partner of Do Kwon, the cryptocurrency entrepreneur who created the failed Terra (UST) stablecoin, is taken to court in Podgorica, Montenegro, March 24, 2023. Stevo Vasiljevic | Reuters Cryptocurrencies are considered securities regardless of how they are sold, a Manhattan federal judge said in an opinion, allowing the Securities and Exchange Commission to…
People walk by a Gap retail store on August 24, 2022 in Beijing, China. VCG | Getty Images Check out the companies making headlines before the bell on Tuesday. SoFi Technologies — The financial technology stock dropped 3.7% after KBW analyst Michael Perito downgraded the stock from underperform from market perform. Perito hiked his price…
Signage outside the State Street Corp. Global Advisors Global Advisors building in Boston, Massachusetts, U.S., on Tuesday, Jan. 18, 2022. Scott Eisen | Bloomberg | Getty Images Asset management giant State Street is reducing the fees investors pay for a group of core ETFs, the company announced Tuesday. The changes impact roughly half of the…
An HSBC Holdings bank branch in Hong Kong on May 24, 2022. A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business. Bertha Wang | Bloomberg | Getty Images HSBC on Monday reported a second quarter profit before tax of…
Pedestrians walk past Yum! Brands Shanghai, China Bloomberg | Getty Check out the companies making headlines in extended trading. Yum China — The restaurant franchiser’s shares fell 3.4% following its mixed second-quarter results. The company announced 47 cents in adjusted earnings per share on $2.65 billion in revenue. Analysts polled by Refinitiv had expected 46…
Market Movers rounded up the best reactions from investors and analysts addressing ON Semiconductor . Just after the opening bell, the chipmaker’s stock hit a record high, going back to its IPO in May, 2000 following second-quarter results that beat expectations. ON Semi reported $1.33 in earnings per share and $2.09 billion in revenue ,…
The U.S. Federal Reserve Building in Washington, D.C. Win Mcnamee | Reuters Lending conditions at U.S. banks are tight and likely to get tighter, according to a Federal Reserve survey released Monday. The Fed’s closely watched Senior Loan Officer Opinion Survey showed that while credit conditions got more strict, demand declined as well. Those results…
SEC Chairman Gary Gensler participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury on July 28, 2023 in Washington, DC. Kevin Dietsch | etty Images The Securities and Exchange Commission on Monday filed charges against a U.S. citizen it alleged raised more than $1 billion through the unregistered offer and…
Lew Cirne, CEO, New Relic Scott Mlyn | CNBC A consortium led by Francisco Partners and private equity group TPG will take software provider New Relic private in an all-cash, $87-a-share offer that values the company at nearly $6.5 billion, the company announced Monday. New Relic shares rose 13% in morning trading, to nearly $84.…
