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…
Federal Reserve Bank of Boston President Susan Collins stands behind the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, August 24, 2023. Ann Saphir | Reuters Boston Federal Reserve President Susan Collins on Wednesday advocated a patient approach to policymaking while saying she needs more…
The Roku app on a television in Hastings-On-Hudson, New York, US, on Tuesday, July 25, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making headlines in premarket trading on Wednesday. Roku — The streaming stock jumped 12.5% after announcing plans to lay off 10% of its staff. Roku also lifted its…
The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag shown in the background. Justin Tallis | AFP via Getty Images The European Commission on Wednesday said it designated six tech giants as “gatekeepers” under its new Digital Markets Act — a strict set of rules that…
The latest jump in Treasury yields is not “death to equities,” BofA Securities’ Savita Subramanian told CNBC’s “Fast Money” on Tuesday. In fact, Subramanian sees the bond move as a positive signal — rather than an ominous sign for the economy. “Companies are refocusing on efficiency and productivity rather than juicing up earnings through leverage…
Market Movers rounded up the latest reactions on Disney from investors and analysts. The pros, including Jim Cramer , discussed Disney after Wells Fargo cut its price target on the entertainment giant to $110 from $146. However, the firm reiterated the name as overweight, noting that Disney is ” the most interesting stock in Media…
People celebrate the GitLab initial public offering at the Nasdaq, Oct. 14, 2021. Source: Nasdaq Check out the companies making headlines in after-hours trading. Zscaler — The cloud security stock slipped 1% even after a better-than-expected report for its fiscal fourth quarter and strong current-quarter guidance. Zscaler reported adjusted earnings of 64 cents per share…
