A worker prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas. Jason Janik | Bloomberg | Getty Images Take a look at the companies making headlines after the bell. Texas Instruments – Texas Instruments’ stock fell 1% in extended trading on Wednesday after
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Elon Musk, chief executive officer of Tesla Inc., smiles while speaking to members of the media outside federal court in New York, U.S., on Thursday, April 4, 2019. Natan Dvir | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of Tesla continued their rapid climb on Wednesday
There is no deadline for the “phase two” China deal, U.S. Treasury Secretary Steven Mnuchin said while speaking at a CNBC panel during the World Economic in Davos, Switzerland on Wednesday. “As it relates to phase two, I would say there’s no deadlines,” Mnuchin told CNBC’s Geoff Cutmore. “So the first issue we’re very focused
CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Juan Naharro Gimenez | Getty Images Netflix downplayed concerns about competition in its Q4 2019 earnings report, but subscriber numbers don’t lie. Netflix noted
Uber CEO Dara Khosrowshahi walks outside of the New York Stock Exchange its highly anticipated initial public offering on May 10, 2019. Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Morgan Stanley — Shares of the nation’s fourth-largest bank sunk 3.5% following a downgrade from Citigroup to neutral from buy.
Top Wall Street economist Michael Gapen believes the market’s record rally has stamina. The Barclays head of U.S. economics research cites a calm economic backdrop as a major driver. “We’re kind of sitting at a trend-like outlook where growth is around 2% this year,” he told CNBC’s “Trading Nation” on Friday. “It’s a very benign
Tim Cook, CEO of Apple (L), Satya Nadella, CEO of Microsoft (C) and Sundar Pichai, CEO of Google. Getty Images The stock market travels on the currents of supply and demand. That’s uncontroversial. Yet as the indexes have sped to new highs, plenty of observers have argued that a relative shortage of stocks combined with
Nestle Health Lab Imagine receiving customized nutrition advice based on your personal biologic or genetic profile. That’s the “future of food,” according to a UBS analyst, who sees diet personalization as the next plant-based meat. Personalized nutrition could generate annual revenues as high as $64 billion by 2040, the firm said. Plus, big-name companies such
Traders signal offers in the Ten-Year Treasury Note Options pit at the Chicago Board of Trade. Scott Olson | Getty Images Wall Street firms just posted the biggest surge to bond-trading revenue in years, helping several banks break records for annual profit — but don’t expect the party to last. Morgan Stanley said earlier Thursday
People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City. The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York. Spencer Platt | Getty Images
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters The new year is not even three full weeks old, and already half a trillion dollars has been added to the S&P 500‘s value. Some investors worry either the economy has to
Toward the end of NBCUniversal’s two-hour long presentation of its Peacock streaming video service Thursday, the media and entertainment company dropped a revealing piece of information that rival companies haven’t made available. Comcast’s NBCUniversal estimates its streaming service will generate average revenue per user (ARPU) per month of $6 to $7. This is an aggregate
CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Juan Naharro Gimenez | Getty Images Here are the most important things to know about Tuesday before you hit the door. 1. Netflix reports
Fluorescent shipping containers, billiard tables atop AstroTurf, and his signature “MATH” campaign signs plastered to the walls greeted Democratic presidential candidate Andrew Yang on Thursday night at a fundraiser in downtown San Francisco. Hundreds of supporters braved a torrential downpour and a line that wrapped around city blocks to see the entrepreneur and nonprofit executive,
Jeff Bezos CEO of Amazon. Joe Klamar | AFP | Getty Images There’s an exclusive club on Wall Street and it might let Amazon back in this year. The so-called trillion-dollar club, which includes tech giants Apple, Microsoft and now Google-parent Alphabet, is the group of companies with a market value of $1 trillion or
Pete Sikora member of New York Communities for Change. In response to the findings of a new report by Majority Action, members of New York Communities for Change (NYCC), Mothers Out Front (MOF), Sunrise Movement NYC, Sierra Club, and 350Brooklyn gathered for a press conference on September 17, 2019 outside BlackRock offices in New York
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020. Brendan McDermid | Reuters What investors are willing to pay for stocks relative to their long-term earnings growth expectations is at an all-time high, according to Bank of America. The price-earnings to growth ratio, commonly called
The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of Shake Shack. Karen Finerman was a buyer of American Airlines. Dan Suzuki was a buyer of MSCI. Guy Adami was a buyer of Newmont Goldcorp. Disclaimer Trader disclosure: Karen Finerman’s firm is long ANTM, C, CBS, CPRI, FB, FDX,
A peacock in Ranthambore, India. Travelographer 1 | 500px Prime | Getty Images In what’s become a right of passage in the world of media and entertainment, Comcast‘s NBCUniversal will unveil Peacock, its new video streaming service, during the company’s investor day Thursday in New York. Peacock is the last of the known major media
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images J.P. Morgan Chase admitted to failures brought to light in a New York Times article last month and said it had taken a series of steps to learn from the episode. In letters to congressmen