The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia | via Reuters Check out the companies making headlines after hours. Nvidia — Nvidia shares surged 19% in extended trading. The chipmaker gave stronger-than-expected revenue guidance for the fiscal second quarter, while also reporting beats on…
Market Movers rounded up the best reactions from investors and analysts on Palo Alto Networks ‘ fiscal third-quarter results and what they mean for shareholders. The experts, including Jim Cramer , discussed the cybersecurity name as the stock gained 7.7% Wednesday and hit a new 52-week high. A day earlier, the company posted a better-than-expected…
Jane Fraser, chief executive officer of Citigroup Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” at the Economic Club of Washington in Washington, DC, US, on Wednesday, March 22, 2023. Valerie Plesch | Bloomberg | Getty Images Citigroup said Wednesday it plans to pursue an initial public offering of…
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Check out the companies making headlines in premarket trading Wednesday Moderna — The biotech company added 2.4% amid renewed Covid-19 concern in China after an uptick in infections. V.F. Corporation — Shares in the clothing…
Xie Feng, China’s new ambassador to the U.S., addresses the media as he arrives at JFK airport in New York City, May 23, 2023. Brendan McDermid | Reuters China’s new ambassador to the U.S. arrived in New York Tuesday with a call to “safeguard the interests of China,” according to a release from the country’s…
A major activist investor is betting stalled return-to-office plans will stir up more trouble in commercial real estate. Land and Buildings’ Jonathan Litt has been shorting REITs with high office space exposure for three years, and he has no plans to shift gears. “If you have no rent growth and your vacancies are going up…
Construction workers build a Toll Brothers home in Boca Raton, Florida. Joe Raedle | Getty Images Check out the companies making headlines in extended trading. Palo Alto Networks — Shares gained 3.5% after the company’s fiscal third-quarter earnings and revenue topped estimates. The cybersecurity company posted adjusted earnings of $1.10 per share and revenue of…
Market Movers rounded up the best reactions from investors and analysts as Broadcom ‘s stock hit a 52-week high after Apple announced a multibillion-dollar deal with the chipmaker . The experts, including Jim Cramer , discussed Broadcom as it looks to develop 5G radio frequency components in the U.S. for Apple, its biggest client. Additionally,…
Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, speaks during a Reuters investment summit in New York, November 7, 2019. Lucas Jackson | Reuters NEW YORK – When the bond chief of the world’s biggest asset manager looks at the U.S. right now, he sees a lot to like. A combination of resilient…
Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making headlines before the bell: Yelp — Yelp shares surged 11.4% in premarket trading. Activist investor TCS Capital Management confirmed reports that it’s built…
