A holding page for Keith Gill, a Reddit user credited with inspiring GameStop’s rally, before a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024. Michael Nagle | Bloomberg | Getty Images A sell-off in GameStop shares intensified in afternoon trading Wednesday, and that coincided with a spike…
Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the bank’s William McChesney Martin building on May 01, 2024 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve on Wednesday projected only one rate cut for the remainder of 2024, down from its March…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting that concluded May 1. Text removed from the prior statement is in red with a horizontal line through the middle. Text appearing for the first time in the June statement is in red and underlined. Black text appears in…
Check out the companies making headlines in midday trading: Oracle — Shares of the software maker surged more than 12% to an all-time high after the database management company announced cloud deals with Google and OpenAI. Oracle said it would bring its database to Google’s cloud in November. It is also partnering with Microsoft and…
Merchandise lines the shelves of a GameStop store on May 28, 2024 in Miami, Florida. Michael Nagle | Bloomberg | Getty Images GameStop raised more than $2 billion in a recent stock sale as the video game company took advantage of a revived meme rally sparked by the return of trader Roaring Kitty. The retailer…
Check out the companies making the biggest moves in premarket trading: Oracle — The cloud services company advanced nearly 8% after announcing deals with Google and OpenAI. Oracle plans to make its database available to Google Cloud beginning in November. It also planned to partner with Microsoft and OpenAI for additional computing capacity. Paramount Global…
Check out the companies making headlines in after-hours trading. Oracle — The tech company’s shares jumped nearly 9% after it announced cloud deals with Google and OpenAI, despite posting a miss on fiscal fourth-quarter results. Oracle posted adjusted earnings of $1.63 per share on revenue of $14.29 billion, while analysts expected earnings of $1.65 per…
Check out the companies making headlines in midday trading. Affirm Holdings – The stock popped nearly 7% following the announcement that its buy now, pay later loans will be embedded into Apple Pay as an option for purchases. U.S. Apple Pay users on iPhones and iPads will be able to use the option later this…
Chris Ratcliffe | Bloomberg | Getty Images Apple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, the companies said Tuesday. Affirm will surface as an option for U.S. Apple Pay users on iPhones and iPads later this year, the San Francisco-based fintech company said in…
Check out the companies making headlines before the bell. Eli Lilly — Eli Lilly shares rose 2% after a panel of FDA advisors recommended the approval of its Alzheimer’s drug known as donanemab. General Motors — The automaker’s stock added more than 1% after its board authorized a $6 billion stock buyback program . Shopify…
