China’s pandemic-battered economy is starting to see consumers open their wallets wider, according to KraneShares’ Brendan Ahern. “We’re seeing the incremental rebound from the Chinese consumer,” the firm’s chief investment officer told “ETF Edge” this week. “[But] it’s not like turning on a light switch.” The National Bureau of Statistics of China reports retail sales…
Market Movers rounded up the best reactions from investors and analysts on Marvell Technology . The chipmaker’s stock hit a new 52-week high Friday. A day earlier, Marvell posted beats on the top and bottom lines in its latest quarterly report. On a conference call with analysts, CEO Matt Murphy said artificial intelligence is a…
A Ford F-150 Lightning Platinum electric truck during the 2022 New York International Auto Show, New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making the biggest moves midday Friday. Ford — Shares popped about 7% after Ford and Tesla announced a partnership late Thursday that will give Ford owners access…
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023. Patrick T. Fallon | AFP | Getty Images Paramount Global shares jumped more than 5% on Friday after an investor known as Warren Buffett’s favorite banker piled into the media company’s controlling shareholder. National Amusements, Paramount’s majority…
Iparraguirre Recio | Moment | Getty Images 44% of plans offer a ‘rare’ advantage Companies use different timelines, or vesting schedules, to determine how long it takes for savers to fully own the employer contributions. In some cases, they must work at a company at least six years before the funds are theirs. They risk…
Matt Murphy, president and CEO of Marvell Technology Adam Jeffery | CNBC Check out the companies making headlines before the bell: Marvell Technology — Marvell Technology surged 17% in premarket trading after reporting a top-and-bottom beat in its first quarter. Marvell posted adjusted earnings of 31 cents per share, topping estimates for 29 cents, according…
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe | Bloomberg via Getty Images Klarna, the Swedish buy now, pay later fintech company, halved its net loss in the first quarter, recording a significant improvement in its bottom line after a major cost-cutting drive. The…
Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for his contrarian views, believes enthusiasm surrounding AI has become a major distraction from recession risks. “No question that we have a price bubble,” the Rosenberg Research president told CNBC’s “Fast Money” on Thursday. According to…
Jamie Dimon, chief executive officer of JPMorgan Chase, is planning his first visit to mainland China in four years as the American bank prepares to host three conferences in Shanghai at the end of May. Giulia Marchi | Bloomberg | Getty Images JPMorgan Chase is developing a ChatGPT-like software service that leans on a disruptive…
Pedestrians walk past a Gap Inc. store in Shanghai. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Gap — Shares surged 15% in the postmarket following the retailer’s earnings report, which showed a major improvement in margins. Revenue was a hair below expectations, coming in at $3.28…
