A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California. Lucy Nicholson | Reuters Check out the companies making headlines after hours. Ford Motor — Ford topped analysts’ expectations on the top and bottom lines, according to Refinitiv. However, the firm reiterated its prior full-year guidance of adjusted…
Market Movers rounded up the best reactions from investors and analysts on the rally in Uber shares. The experts, including Jim Cramer , discussed the ride-sharing giant after Uber reported better-than-expected revenue in the first quarter . CEO Dara Khosrowshahi said Uber is off to a “strong start” for 2023. Revenue for the quarter was…
Nurphoto | Nurphoto | Getty Images Check out the companies making headlines in midday trading. Uber — Shares of the ride-hailing giant jumped 11.6% after the company reported first-quarter revenue that beat analysts’ expectations. Revenue for the quarter was up 29% year over year. CEO Dara Khosrowshahi said Uber is off to a “strong start”…
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Notable short seller Hindenburg Research is going after famed activist investor Carl Icahn. The Nathan Anderson-led firm took a short position against Icahn Enterprises, alleging “inflated” asset valuations, among other reasons, for what it says is an…
James Tahaney loads textbooks on to a pallet in preparation for shipping at the Chegg warehouse in Shepherdsville, Kentucky, April 29, 2010. John Sommers II | Bloomberg | Getty Images Chegg shares tumbled after the online education company said ChatGPT is hurting growth. “In the first part of the year, we saw no noticeable impact…
The logo of Morgan Stanley is seen in New York Shannon Stapleton | Reuters As Wall Street’s slump in IPOs and mergers deepens this year, top advisory firms including Morgan Stanley, Bank of America and Citigroup have turned to job cuts in recent weeks. Morgan Stanley plans to eliminate roughly 3,000 positions by the end…
DCG, Luno’s parent company, has been grappling with the ongoing fallout from last year’s plunge in token prices and the collapse of FTX. Rafael Henrique | Sopa Images | Lightrocket via Getty Images Vijay Ayyar, a senior executive at cryptocurrency exchange Luno and one of its earliest employees, is leaving the company. Ayyar, who is…
Singapore’s largest lender DBS Group Holdings expects net interest income to taper off in the future, but the bank is confident that it can ride on other drivers going forward, such as a growth in loans and fee income. On Tuesday, DBS reported record revenue and net profit for the first quarter. Revenue came in…
Market Movers rounded up the best reactions from investors and analysts on JPMorgan Chase ‘s stock movement. The experts, including Jim Cramer , discussed how the bank, already the nation’s largest by several measures, acquired most of troubled First Republic Bank’s assets in a weekend auction. Prior to the market’s open on Monday, regulators took…
A monitor displays Arista Networks Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Aug. 24, 2018. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Arista Networks — The cloud networking company slid 7% despite beating analysts’ expectations…
