Check out the companies making headlines before the bell. Hertz — Shares of the car rental company slid 2.6% following a downgrade to neutral from overweight at JPMorgan. The bank cited a “failed electric vehicle strategy” leading to an estimated $0.5 billion in losses as a reason for the change. Tesla — Shares of the…

Check out the companies making headlines in midday trading. Netflix – The streaming stock popped nearly 13% after topping fourth-quarter revenue estimates and posting strong subscriber growth. Late Tuesday, Netflix said it added 13.1 million subscribers during the period, bringing its total membership tally to 260.8 million. That’s ahead of the 256 million expected by…

Check out the companies making headlines before the bell. Netflix — Netflix’s stock price jumped 9.2% after topping analysts’ revenue and subscriber growth expectations during the fourth quarter. The streaming giant added 13.1 million subscribers during the quarterly period, reaching a record 260.8 million in paid subscribers. ASML — Shares of the Dutch chip firm…

Swedish buy now, pay later firm Klarna unveils a $7.99 monthly subscription plan called Klarna Plus Courtesy: Klarna Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead of an expected initial public offering this year, the company told CNBC. The product is set to…

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday. The announcement came as the Israeli bourse announced the pricing of…

Check out the companies making headlines in extended trading. Netflix — The streaming service jumped 8.5% after the company reported 13.1 million new subscribers, pushing its total membership count to an all-time high of 260.8 million paid subscribers. Netflix also posted a revenue beat during the fourth quarter. The company reported $2.11 earnings per share…

Signage for Citadel Investment Group LLC hangs outside their office in Chicago, Illinois, U.S. Bloomberg | Getty Images The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed. The 20 leading fund managers made $67 billion in investor profits in 2023, up from the $65…

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023. Valerie Plesch | Bloomberg | Getty Images A watchdog review into market trading from two former high-ranking Federal Reserve officials criticizes the actions but does not accuse either of doing anything illegal. The report released Monday…

Check out the companies making headlines in midday trading. Macy’s — Shares of the department store giant added 2% after the company rejected a $5.8 billion proposal by Arkhouse Management and partner Brigade Capital Management to take the retailer private, citing concerns over deal financing and valuation. Archer-Daniels-Midland — The food processor’s shares dropped more…

Check out the companies making headlines before the bell. Macy’s – Shares of the department store giant added 2% in premarket trading after the company over the weekend rejected a $5.8 billion proposal by Arkhouse Management and partner Brigade Capital Management to take the retailer private. Macy’s cited concerns over deal financing and valuation. Boeing…