Check out the companies making headlines before the bell. Alphabet — Alphabet’s stock declined 5.2% after posting disappointing fourth-quarter advertising revenue . The Google parent topped Wall Street’s expectations on the top and bottom lines, but recorded advertising revenue of $65.52 billion. That fell short of the $65.94 billion expected by analysts polled by StreetAccount.…
Check out the companies making headlines in postmarket trading. Microsoft — The tech giant slipped 1% after releasing its quarterly results. Microsoft posted earnings of $2.93 per share on $62.02 billion in revenue. Analysts surveyed by LSEG, formerly known as Refinitiv, had expected earnings of $2.78 per share and revenue of $61.12 billion. Revenue from…
A Citibank branch in the central business district of Singapore on Feb. 12, 2018. Ore Huiying | Bloomberg | Getty Images New York Attorney General Letitia James on Tuesday sued Citibank for allegedly failing to protect and reimburse victims of electronic fraud. The suit claims that Citi does not have strong protections in place to…
Buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. Bloomberg | Bloomberg | Getty Images The International Monetary Fund on Tuesday nudged its global growth forecast higher, citing the unexpected strength of the U.S. economy and fiscal support measures in China. It now sees global growth in 2024 at 3.1%,…
Check out the companies making headlines before the bell. Spotify — Shares of the music streaming platform added 2% following an upgrade from UBS to buy from neutral. “We think efficiency initiatives remain the focus and have increased conviction on sustainable margin expansion and stronger bottom line trends in the coming years,” wrote analyst Batya…
Xreal Air 2 in action. Xreal’s augmented reality glasses is compatible with gaming consoles and can allow users to play games on a large virtual screen Xreal BEIJING — Alibaba-backed augmented reality glasses company Xreal said Monday it received $60 million in new funding, giving the company a valuation of more than $1 billion. That…
Check out the companies making headlines in after-hour trading. Woodward — Shares jumped 5% after the manufacturer surpassed expectations of analysts polled by FactSet on both lines for the fiscal first quarter. Woodward also raised its guidance for full-year performance, offering ranges that included FactSet consensus estimates. Sanmina — The manufacturer soared 15% after beating…
Check out the companies making headlines in midday trading. McGrath RentCorp — Shares jumped more than 9% after WillScot Mobile Mini, an equipment rental company, said it would buy McGrath RentCorp in a $3.8 billion cash-and-stock transaction. Dollar Tree — Shares of the discount retail chain popped 1% following an upgrade to overweight from neutral…
Ukrainian President Volodymyr Zelenskyy speaks with CNBC’s Andrew Ross Sorkin at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Ukrainian President Volodymyr Zelenskyy published his income for the first time on Sunday as he looks to promote transparency and tackle corruption as part of the country’s push…
Multi exposure of virtual abstract financial graph interface on Chinese flag and sunset sky background, financial and trading concept Igor Kutyaev | Istock | Getty Images China plans to merge three of its largest state-owned bad debt asset managers with its China Investment Corp sovereign fund as part of a plan to reform institutions, the…
