Market Movers rounded up the best reactions from investors and analysts on Qualcomm ‘s second-quarter earnings . Jim Cramer and Odyssey Capital Advisors’ Jason Snipe discussed their concerns about phone chip sales, which fell 17% in the latest quarter. These worries weighed on the stock despite overall results that were in-line with estimates. The stock…
Recent events may be chipping away at confidence in the U.S. financial system, according to the findings of a Gallup survey. Nearly half of the 1,013 adults polled said they were “very worried” (19%) or “moderately worried” (29%) about the safety of the money they had tucked away in a bank or other financial institution,…
The Western Alliance Bancorporation logo is seen in this photo illustration on 13 March, 2023 in Warsaw, Poland. Jaap Arriens | Nurphoto | Getty Images Check out the companies making headlines in midday trading Thursday. Paramount Global — The media stock cratered more than 27% after the company slashed its dividend and reported earnings that…
[The stream is slated to start at 9:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is due to give a press conference following the bank’s latest monetary policy decision. The ECB on Thursday confirmed expectations of a 25 basis point…
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in premarket trading. Paramount Global – The media company slumped 10.4% after reporting quarterly profit and revenue that missed analyst forecasts, and slashing…
The Etsy website Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after hours. PacWest, Western Alliance, Comerica – Shares of PacWest plunged more than 50% in extended trading following a Bloomberg News report that the regional bank was exploring strategic options, including a potential sale. The news weighed on other…
Market Movers rounded up the best reactions from investors and analysts on Eli Lilly. The pharmaceutical company reported its experimental Alzheimer’s drug slowed progression of the disease in a large-scale study . The stock hit a new all-time high during Wednesday’s session. Lilly closed the day up 6.6%. The pros said this may be the…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on March 21-22. Text removed from the March statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both…
general view of a Starbucks store on September 15, 2022 in Plainview, New York Bruce Bennett | Getty Images News | Getty Images Check out the companies making headlines in premarket trading. Eli Lilly — The pharmaceutical stock rose more than 5% on clinical trial data showing that the company’s donanemab drug slowed the progression…
Michael Milken, Chairman of the Milken Institute, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) Patrick T. Fallon | Afp | Getty Images Famed investor Michael Milken said Tuesday that the current banking…
