A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People’s Bank of China readout Monday. The agreement was…
Investors may want to consider buffer ETFs to hedge the recent market volatility. Bruce Bond, CEO of Innovator ETFs, sees an opportunity in buffer exchange-traded funds to offer some protection from the market’s downside. “This [strategy] fits a group of people that are interested in getting exposure to the market, but not taking the full…
Check out the companies making headlines in midday trading: Rocket Lab — The space company soared more than 16%, hitting a 52-week high, after packing and shipping two Mars-bound spacecraft to Cape Canaveral, Florida, for launch. The two spacecraft were designed, built, integrated and tested by Rocket Lab for the University of California Berkeley’s Space…
Check out the companies making headlines before the bell. Estee Lauder — The beauty company slipped nearly 2% after Bank of America downgraded the stock, citing headwinds in its China market. Softening U.S. demand is also weighing upon shares, the firm added. Applied Materials — The semiconductor equipment company’s shares dipped 1.8% despite posting better-than-expected…
Check out the companies making headlines in extended trading. Applied Materials — The material engineering stock slipped 2.5% despite third-quarter earnings coming in better than analysts anticipated. Applied Materials earned $2.12 per share, excluding items, on $6.78 billion in revenue. Analysts had penciled in just $2.02 a share in profits and $6.67 billion in revenue.…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC A coincidence or master plan? Warren Buffett now owns the exact same number of shares of Apple as he does Coca-Cola after slashing the tech holding by half. Many Buffett followers made the curious observation after a…
Check out the companies making headlines in midday trading. Walmart — Shares of the discount retailer jumped 7% on strong earnings. Walmart topped Wall Street’s quarterly estimates and lifted its full-year outlook as consumers show ongoing resilience. For the year, the company expects sales to rise between 3.75% and 4.75%, and adjusted earnings to come…
Buy now, pay later firms like Klarna and Block’s Afterpay could be about to face tougher rules in the U.K. Nikolas Kokovlis | Nurphoto | Getty Images Financial technology firm Klarna is pushing deeper into banking with its own checking account-like product and a cashback offering that rewards users for shopping via its app. The…
Check out the companies making headlines before the bell. Ulta Beauty — Shares of the beauty retailer popped a whopping 13% in premarket trading after a regulatory filing revealed that Warren Buffett’s Berkshire Hathaway took a stake worth $266 million in the second quarter. The bet is relatively minor for Berkshire, whose equity portfolio is…
Check out the companies making headlines in after-hours trading. Cisco Systems — The stock jumped 6% after the networking company reported an earnings and revenue beat for its fiscal fourth quarter, and also issued an optimistic forecast. Cisco posted adjusted earnings of 87 cents per share on revenue of $13.64 billion, while analysts polled by…
