Ulrich Koerner, chief executive officer of Credit Suisse Group AG, during a Bloomberg Television interview in London, UK, on Tuesday, March 14, 2023. Hollie Adams | Bloomberg | Getty Images UBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity once its emergency purchase of…
The artificial intelligence trade may be leaving investors vulnerable to significant losses. Evercore ISI’s Julian Emanuel warns Big Tech concentration in the S&P 500 is at extreme levels. “The AI revolution is likely quite real, quite significant. But … these things unfold in waves. And, you get a little too much enthusiasm and the stocks…
People stand in front a banner displaying Palantir Technologies Inc. signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, Sept. 30, 2020. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in after-hour trading. Lucid — The electric vehicle maker…
Market Movers rounded up the best reactions from investors and analysts on Zscaler’ s better-than-expected guidance. The experts, including Jim Cramer , discussed the cloud security company. Zscaler’s shares surged more than 20% after the firm reported better-than-expected preliminary revenue for the fiscal third quarter and rosy full-year guidance. Zscaler said that its revenue in…
Tyson food meat products are shown in this photo illustration in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines in midday trading. Berkshire Hathaway — The conglomerate’s A shares rose more than 1% as investors cheered a strong earnings report from Warren Buffett’s company. On Saturday, Berkshire reported a 12.6% jump…
Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, Nebraska. David A. Grogan | CNBC OMAHA, Neb. — Warren Buffett, whose conglomerate is viewed as a barometer of U.S. economic health because of the range of businesses it owns, said something that doesn’t bode well for those believing we will skirt a…
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC OMAHA, Neb. — Berkshire Hathaway shares rose on Monday as Warren Buffett’s conglomerate wooed investors with a strong earnings report and an insightful “Woodstock for Capitalists” over the weekend. Berkshire’s B shares climbed 1.5% in…
Pacific Western Bank signage is displayed outside of bank branch in Beverly Hills, California on May 4, 2023. Patrick T. Fallon | AFP | Getty Images Check out the companies making the biggest moves in premarket trading: PacWest — The regional bank popped 39% in premarket trading, adding to its nearly 82% gain on Friday.…
A Pacific Western Bank branch in Encino, California, on Saturday, April 22, 2023. Morgan Lieberman | Bloomberg | Getty Images PacWest Bankcorp led a relief rally in regional banks again on Monday, after the struggling lender slashed dividend to build capital amid the banking crisis. Shares of PacWest soared 38% in premarket trading Monday, adding…
Amsterdam, The Netherlands. Alexander Spatari | Moment | Getty Images The following is an excerpt from “This week, your wallet,” a weekly audio show on Twitter produced by CNBC’s Personal Finance team. Listen to the latest episode here. Costs have been off the charts this year for many aspects of travel. Why? Americans are…
