Market Movers rounded up the best reactions from investors and analysts on Datadog . The experts, including Jim Cramer , talked about the cloud service provider after it was hit with a downgrade from Stifel. The firm lowered its rating to hold from buy , citing details in Datadog’s second-quarter report as a cause for…

The Moody’s ratings downgrades and outlook warnings on a swath of U.S. banks this week show that the industry still faces pressure after the collapse of Silicon Valley Bank. Concern over the sector had waned after second-quarter results showed most banks stabilized deposit levels following steeper losses during the March regional banking crisis. But a…

Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Check out the companies making headlines before the bell Wednesday. WeWork — The stock plunged 25.7% after WeWork said in an SEC filing that there’s doubt about the company’s ability to keep operating amid weaker-than-expected membership rates. WeWork warned of measures such as a potential…

Customers at a fresh food market in Shanghai, China, on Monday, Aug. 7, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — China reported inflation data for July that pointed to a modest improvement from June. The consumer price index fell by 0.3% in July from a year ago, but was up by 0.2% when…

People walk by electric truck maker Rivian’s newly opened storefront in the Meatpacking District of Manhattan, New York City, June 23, 2023. Spencer Platt | Getty Images Check out the companies making headlines after hours. Rivian Automotive — Rivian Automotive dipped about 2.5% in extended trading. The decline comes even after the electric automaker beat…

Market Movers rounded up the best reactions from investors and analysts on Eli Lilly . The experts, including Jim Cramer , discussed the drugmaker after it reported second-quarter revenue and earnings Tuesday that beat Wall Street estimates. The company also raised its full-year guidance as quarterly profit soared 85% from the same period last year.…

PNC Financial, Citizens Financial, M&T Bank — Regional bank stocks were broadly under pressure Tuesday after Moody’s downgraded the credit in several smaller institutions. The ratings agency also said some larger banks were under review for a downgrade. Shares of M&T Bank and Webster Financial, which had their credit rating downgraded, fell 2% each. Citizens…

John Rogers, executive vice president and chief of staff at Goldman Sachs Group Inc., speaks during an interview at the Securities Industry And Financial Markets Association (SIFMA) annual meting in Washington, D.C., U.S., on Tuesday, Oct. 24, 2017. SIFMA represents the U.S. securities industry including broker-dealers, banks and asset managers with nearly one million employees…

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, 2022. Evelyn Hockstein | Reuters U.S. regulators on Tuesday announced a combined $549 million in penalties against Wall Street firms that failed to maintain electronic…

Patrick Harker at Jackson Hole, Wyoming David A. Grogan | CNBC Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of its current rate-hiking cycle. A voter this year on the rate-setting Federal Open Market Committee, the central bank official noted progress in the fight against…