Chinese laborers working at a construction site at sunset in Chongqing, China on March 6, 2005. China Photos | Getty Images BEIJING — China’s retail sales and industrial production picked up pace in August with better-than-expected growth, according to National Bureau of Statistics data released Friday. Retail sales grew by 4.6% in August from a…
Arm Holdings will help jump-start the IPO market, according to the venture capitalist behind Airbnb and Pinterest. FirstMark Capital’s Rick Heitzmann believes real fundamental demand for IPOs is returning. “People are looking for the new toy,” the firm’s founder and partner told CNBC’s “Fast Money” on Thursday. Chip design company Arm, which is affiliated with…
Co-founders Eddie Kim, Josh Reeves, and Tomer London of fintech startup Gusto, which handles payroll services for small businesses. Courtesy: Kelly Boynton | Gusto JPMorgan Chase is stepping up its appeal to small business customers by planning to offer digital payroll processing, CNBC has learned. The bank has picked San Francisco-based fintech player Gusto to…
Market Movers rounded up the latest reactions on Arm Holdings from investors and analysts. The pros, including Jim Cramer , discussed the British chip design company after it began trading publicly Thursday. The company’s initial public offering was priced at $51 per share but shares opened at $56.10. SoftBank took Arm private in 2016 and…
Amazon still has room to run as it drives profit back to pre-pandemic levels, according to Morgan Stanley. Analyst Brian Nowak rated Amazon a “top pick” and maintained his overweight rating on the stock. He also kept his price target of $175 on shares, which implies 20.8% upside from Wednesday’s closing price of $144.85. “We…
Striking Writers Guild of America members walk the picket line in front of Netflix offices in Los Angeles, July 12, 2023. Mike Blake | Reuters Check out the companies making headlines in midday trading: Visa — The credit card behemoth’s stock was trading more than 2% lower after announcing plans to change its share structure.…
An AMC Theatre on March 29, 2023 in New York City. AMC Entertainment shares jumped as much as 13%, following a report that Amazon was looking to buy the theater chain. Leonardo Munoz | Corbis News | Getty Images Check out the companies making headlines before the bell. Yum China — Shares rose over 3%…
[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is due to give a press conference following the bank’s latest monetary policy decision. The Bank hiked interest rates to a record level as it…
Market Movers rounded up the latest reactions on Apple from investors and analysts. The pros, including Jim Cramer , discussed the smartphone maker one day after it unveiled the new iPhone 15, the latest Apple Watch and other products. Apple did not raise prices on its latest iPhone models in the U.S., but hiked them…
David Wadhwani, senior vice president of digital media for Adobe, speaks during the launch of Adobe Creative Cloud and CS6 in San Francisco, April 23, 2012. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Redwire — The space infrastructure stock soared 14% Wednesday after Roth MKM…
