The upcoming spate of tech IPOs could help kickstart muted capital markets, Goldman Sachs CEO David Solomon told CNBC’s David Faber. Firms including chip designer Arm and Instacart have filed to go public, and companies that are mulling listings will watch how those IPOs go, Solomon said Thursday during the interview. “Over the course of…
Oil prices reached their highest level in nearly a year earlier this week. For investors looking to play this trend, here are some energy stocks with the greatest long-term upside potential. Energy is the only winning sector in the S & P 500 this month, raking in gains of about 2.6%. The sector has added…
A ChargePoint electric vehicle charging station at Walnut Creek City Hall parking lot, Walnut Creek, California, April 18, 2023. Smith Collection/gado | Archive Photos | Getty Images Check out the companies making headlines in midday trading. WestRock — The stock gained 5% in midday trading on news that the company is nearing a merger with…
The Adyen logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Dutch payments giant Adyen on Thursday said it won approval for a banking license in the U.K., marking a deeper push from the company into the banking sector. The company said its new license would allow its merchants…
Apple phones on display in an Apple store in Miami, Florida, May 4, 2023. Joe Raedle | Getty Images Check out the companies making headlines in premarket trading Thursday. Apple — Apple shares fell more than 2.6% after Bloomberg News reported China is planning to extend a ban on iPhone use to state-owned corporations. A…
Chinese tech giant Tencent is launching its artificial intelligence model “Hunyuan” for business use at an annual summit on Thursday, Dowson Tong, CEO of the cloud and smart industries group at Tencent, told CNBC in an exclusive interview ahead of the event. The news comes days after Baidu revealed a slew of AI-powered applications on…
Market Movers rounded up the latest reactions on Apple from investors and analysts. The pros discussed Apple after The Wall Street Journal reported that China banned the use of foreign-branded devices, including iPhones, for government officials at work. Additionally, Apple faces pressure as the European Commission designated it and five other major tech companies as…
A man passes by a GameStop location on 6th Avenue in New York, March 23, 2021. View Press | Corbis News | Getty Images Check out the companies making headlines in extended trading. GameStop — The video game retailer surged 5% after posting an increase in sales for its latest quarter. GameStop reported revenue of…
For investors looking to rake in profit from the recent oil rally, here are some companies that are poised to benefit off of higher crude prices. West Texas Intermediate crude futures are surging this week. After Saudi Arabia and Russia pledged to extend voluntary oil supply cuts this year, contracts for WTI crude and Brent…
The Tesla logo is seen on a charging station in Virginia, Aug. 16, 2023. Celal Gunes | Anadolu Agency | Getty Images Check out the companies making the biggest moves midday. Roku — Shares popped 3% after the streaming company announced it would lay off 10% of its staff, consolidate office space and look to…
