Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said on an earnings call Thursday, at a time when rivals have been increasing…
Alibaba.com is a platform run by the Chinese e-commerce company of the same name that focuses on overseas business customers. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese e-commerce giant Alibaba is ramping up its global expansion with new services aimed at attracting small businesses in the U.S. and Europe. Alibaba.com — the…
Check out the companies making headlines in extended trading. Vail Resorts — The resort operator saw its stock fall more than 5% after posting fiscal third-quarter earnings of $9.54 per share on revenue of $1.28 billion. Those results missed analysts’ expectations of $9.97 per share on revenues of $1.3 billion, according to LSEG. DocuSign —…
A shopper browses a selection of body boards outside a Five Below store in Bloomington, Illinois, on July 25, 2018. Daniel Acker | Bloomberg | Getty Images While inflation is showing signs of easing, consumers in the country may still be feeling its effects for quite some time, according to Joel Anderson, CEO of discount…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Shares of GameStop shot to session highs Thursday after meme stock leader Roaring Kitty scheduled a livestream on Youtube, which would be his first one in almost four years. Roaring Kitty, whose real name is Keith Gill, set the time for his live chat at…
Check out the companies making headlines in midday trading: Five Below — Shares of Five Below sank 12% after the discount retailer fell short of Wall Street’s first-quarter revenue estimates and offered disappointing guidance. For the current quarter, Five Below said it expects between $830 million and $850 million in revenue, while analysts polled by…
Check out the companies making headlines in premarket trading. Robinhood — The online brokerage rose more than 3% after revealing a $200 million deal to purchase crypto exchange Bitstamp. The deal is expected to close in the first half of 2025. Nvidia — The artificial intelligence darling traded 1.8% higher, building on momentum from Wednesday’s…
A Salesforce corporate logo hangs over the front door of the Salesforce Tower on January 22, 2024, in New York City. Gary Hershorn | Getty Images LONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub. The U.S. software…
Saravutvanset | Room | Getty Images AMSTERDAM, Netherlands — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the U.S. and take on big players in the space like SAP and venture-backed firms Brex and Ramp. The startup said it is looking to acquire a U.S. company or companies at…
Check out the companies making headlines after the bell : Lululemon Athletica — The athleisure maker popped 12% on strong first-quarter results that surpassed Wall Street’s estimates on the top and bottom lines. Lululemon posted earnings of $2.54 per share on $2.21 billion in revenue. It also raised its outlook for full-year earnings per share.…
