Check out the companies making headlines in extended trading. Arista Networks — The cloud networking solutions company added 6% Monday after the bell. Arista Networks reported $1.83 in earnings per share, excluding items, on $1.51 billion in revenue. Analysts polled by FactSet had estimated $1.58 in earnings per share on $1.48 billion in revenue. Lattice…
Bitcoin, the world’s largest cryptocurrency, has been stealthily rising in 2023. Chris Ratcliffe | Bloomberg | Getty Images The U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will look to bring in formal legislation for crypto activities by 2024. The government published its response to…
Check out the companies making headlines in premarket trading. East West Bancorp — Shares ticked up 2.6% after UBS upgraded them to buy on the back of strong third-quarter results. UBS also highlighted the company’s potential balance sheet strengthening and capital return efforts heading into the fourth-quarter. McDonald’s — Shares popped 2.8% after the fast-food…
Aaron P | Bauer-Griffin | GC Images | Getty Images HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in the same period last year. Europe largest bank by assets also saw profit before tax for the quarter rise by $4.5 billion to…
In a dismal year for most Chinese stocks, a few consumer names with growing international revenue have outperformed the market — and are forecast to climb further. Take, for example, U.S.-listed Miniso , up more than 140% so far this year. Through its network of brick-and-mortar stores, the company sells low-cost home goods and toys…
Suze Orman has a warning for investors relying too heavily on bonds. The personal finance expert believes the draw of high interest rates and an aversion to risk taking are preventing too many people from taking a “lifetime opportunity” in the stock market. “Some of these stocks — how do you pass them up? I…
Market Movers rounded up the latest reactions to Amazon from investors and analysts. Jim Cramer dissected the tech giant’s third-quarter results, which were issued late Thursday. Amazon took on cost-cutting measures in 2023, which included laying off thousands of employees. The e-commerce giant also saw its revenue jump 13% from this period last year. The…
Check out the companies making headlines in midday trading. Intel — Shares of the chipmaker popped 9.6% Friday, a day after Intel reported third-quarter results that topped analysts’ expectations. Intel also gave strong guidance for the current quarter, and CEO Pat Gelsinger said the company plans to cut costs by about $3 billion this year.…
JPMorgan Chase CEO Jamie Dimon will begin to sell 1 million shares of the bank he runs next year, the company said Friday in a filing. The plan sparked concern that Dimon, who is 67 years old, could be contemplating retirement. Dimon is arguably the country’s top banker; he has led JPMorgan since 2005, helping…
Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly Twitter, attends a U.S. Senate bipartisan Artificial Intelligence (AI) Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images X owner Elon Musk is attempting to create a future in which X users…
