Finance

China just expanded its efforts to boost consumption. Here are some stocks to watch

China has, in its own way, signaled it wants to support specific kinds of consumer purchases. Authorities on Thursday announced the equivalent of 300 billion yuan ($41.5 billion) in special bonds would go towards trade-ins and equipment upgrades — a significant expansion of an existing program. “Compared to previous policies on equipment upgrade and consumer…

Finance

Stocks making the biggest moves after hours: Dexcom, Coursera, Deckers Outdoor and more

Check out the companies making headlines in after-hours trading: Deckers Outdoor — The footwear company’s stock jumped 8% after Deckers reported fiscal first-quarter earnings of $4.52 per share on revenue of $825 million, exceeding analysts’ expectations for earnings of $3.48 per share on revenue of $808 million. Dexcom — Shares of the medical device company…

Finance

Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 4, 2024. CNBC Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett’s conglomerate has reduced its stake in the bank. The Omaha, Nebraska-based holding company sold another 18.9 million shares via…

Finance

Stocks making the biggest moves after hours: Chipotle, IBM, Ford, ServiceNow and more

Check out the companies making headlines in after-hours trading: Ford Motor — Ford shares tumbled 11% after the company’s second-quarter earnings came in much lower than Wall Street expected due to longtime warranty issues. The automaker posted adjusted earnings per share of 47 cents, significantly less than analysts’ forecast of 68 cents, per LSEG. Automotive revenue…