A cellular tower is seen on Feb. 22, 2024 in Redondo Beach, California. The outage affected tens of thousands of customers in cities across the country whose phones lost signal overnight. Eric Thayer | Getty Images News | Getty Images ‘It won’t be our last’ AT&T’s outage on Thursday knocked out service for tens of…
Watch out, Ivies, there’s a new endowment performer in town. Baylor University’s $2 billion endowment — a fraction of those in the Ivy League — generated a 6.4% return for the fiscal year that ended June 30, outperforming the entire conference. Harvard’s endowment, the largest at $50.7 billion, returned 2.9%. What’s more, Baylor’s annualized return…
Check out the companies making headlines in extended trading. Beyond Meat — Shares skyrocketed more than 78% after the plant-based meat company beat revenue estimates in the fourth quarter. Beyond Meat reported revenue of $73.7 million, while analysts polled by LSEG, formerly known as Refinitiv forecast $66.7 million. eBay — The online marketplace added 4%…
Check out the companies making headlines in extended trading. Workday — Shares tumbled 9% following the enterprise software company’s fourth-quarter earnings report. Workday’s adjusted earnings beat the expectations of analysts polled by LSEG, formerly known as Refinitiv, by 10 cents per share, posting $1.57. Revenue, on the other hand, came in line with the consensus…
The burgeoning artificial intelligence tools from companies such as OpenAI still have their share of skeptics, but don’t count JPMorgan Chase CEO Jamie Dimon among them. The Wall Street titan told CNBC’s Leslie Picker on Monday that AI is not just a passing fad and is bigger than just the large language models such as…
Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion takeover of Discover…
Check out the companies making headlines in midday trading. Berkshire Hathaway — Berkshire’s Class B shares dipped 1.2% in intraday trading. Earlier in the session, the conglomerate’s stock reached all-time highs, following strong operating earnings in its fourth quarter. R1 RCM — Shares surged 28% after major holders of the health-care payment tech company indicated…
Check out the companies making headlines in premarket trading. Domino’s Pizza — Shares surged more than 6% after the restaurant chain said it will raise its dividend by 25% and increase its buyback program by an additional $1 billion. The increased dividend will be payable on March 9, while the additional stock repurchase was cleared…
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Berkshire Hathaway shares rose on Monday after Warren Buffett’s conglomerate posted strong earnings for the fourth quarter over the weekend. Berkshire class B shares jumped 2.3% in premarket trading, set to add to their 17%…
Investor sentiment toward intermediate-term Treasury bonds may be changing. Schwab Asset Management’s David Botset is seeing more flows into bonds with maturity rates typically between three and five years — and sometimes out to 10 years. “People are starting to realize that we’re kind of at the peak of interest rate increases,” the firm’s head…
