Check out the companies making headlines after the bell: Shares of Snap tanked as much as 15% during extended trade despite the company posting better-than-expected third-quarter earnings and user metrics. The maker of Snapchat posted a loss of 4 cents per share, which was better than the 5 cent loss per share Wall Street expected.
Finance
Getty Images Shares of Travelers dropped more than 6% after the insurer reported weaker-than-expected quarterly earnings. The stock was on pace for its biggest one-day drop since Aug. 8, 2011, when it fell 7.6%. Travelers’ decline shaved off about 70 points from the Dow Jones Industrial Average, which flopped around the flatline for most of
Guests have their faces scanned at the World Artificial Intelligence Conference in Shanghai in August, 2019. Hector Retamal | AFP | Getty Images BEIJING — China struck a confident tone Tuesday in the face of new challenges from the U.S. to Chinese technological development. Amid ongoing trade tensions between the two countries, U.S. President Donald Trump’s
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images WeWork but WeDon’tGetPaid. That’s the grim reality J.P. Morgan Chase bankers are facing now that WeWork is close to accepting a deal to
Traders work at the Coty booth on the floor of the New York Stock Exchange. Jin Lee | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Coty — Coty shares surged 13.5% after the beauty-products maker announced the potential sale of the company’s professional and Brazil units. CEO Pierre Laubies said
Workers install a Nike logo lamp outside the Wukesong Arena in Beijing, August 28, 2019. Tingshu Wang | Reuters BEIJING — At least on paper, the Chinese government is trying to show how serious it is about improving the local business environment for foreign companies. Joerg Wuttke, president of the European Union Chamber of Commerce
Wells Fargo Securities’ Michael Schumacher sees year-end bond market volume dropping off earlier than usual. According to the firm’s global head of rate strategy, the slide will likely occur around Thanksgiving instead of mid-December. Not only is Wall Street still thinking about last year’s painful historic stock market drop, Schumacher blames the geopolitical backdrop. He
Federal Reserve policymakers don’t have their minds made up about where interest rate policy is headed and will weigh conditions as they unfold, central bank Vice Chairman Richard Clarida said Friday. With the Fed less than two weeks away from a meeting at which markets expect another rate cut, Clarida said decisions will be made
Stocks will try in the week ahead to break the all-time highs set earlier in the year as a slew of S&P 500 companies get set to report. The S&P 500 and Dow Jones Industrial Average are both around 1% below their all-time highs while the Nasdaq Composite is about 2% away from its record.
HTC’s Exodus 1s smartphone comes packed with cryptocurrency-related features. HTC HTC is bringing out a cheaper version of its blockchain-friendly smartphone in a bid to entice the people hesitant about buying cryptocurrencies and expense flagships from the likes of Apple and Samsung. The Taiwanese smartphone maker on Saturday launched the Exodus 1s, a slightly smaller
[embedded content] [The stream is slated to start at 12:45 p.m., ET. Please refresh the page if you do not see a player above at that time.] James Gorman, CEO of Morgan Stanley, and J.P. Morgan Chase CEO Jamie Dimon were set to speak Friday at an event organized by the Institute of International Finance
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images J.P. Morgan Chase CEO Jamie Dimon is not bullish on the future of Facebook’s libra cryptocurrency. “It was a neat idea that’ll never
Check out the companies making headlines before the bell: American Express – The financial services giant earned $2.08 per share for the third quarter, 5 cents a share above estimates. Revenue also came in above analysts’ forecast. American Express also forecast current-quarter revenue growth of 8% to 10%, compared to a consensus estimate of 8.9%.
Pigs raised by farmers are seen at Linquan county on December 5, 2018 in Fuyang, Anhui Province of China. Visual China Group | Getty Images BEIJING — China needs more pork imports than ever as the country grapples with an outbreak of a swine disease — and that could become a business opportunity for U.S.
Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of E-Trade whipsawed during extended trade Thursday, first climbing about 4% immediately after the market close before slipping and settling about 1.4% below the closing price following the company’s third-quarter earnings
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Schlumberger. Karen Finerman was a buyer of United Rentals. Steve Grasso was a buyer of Spirit Airlines. Guy Adami was a buyer of Cardinal Health. Disclosure Trader disclosure: Pete is long calls ALLY, ASHR, BABA, BMY, BP, C,
A slew of Wall Street’s top hedge fund managers shared their best ideas on Wednesday at the annual Sohn San Francisco Investment Conference. The conference is best known for hedge fund managers making market-moving presentations. The Sohn conference held in San Francisco is the West Coast version of the investment conferences that began in New
Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of Netflix surged more than 9% during extended trading after the company had a third-quarter earnings beat, though fell just shy of revenue estimates. The streaming giant posted earnings of $1.47
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of UnitedHealth Group. Dan Nathan was a buyer of Lyft. Karen Finerman was a seller of iShares iBoxx $ High Yield Corporate Bond ETF. Guy Adami was a buyer of Amgen. Disclosure Trader disclosure: Tim Seymour is long AMZN,
Pro-democracy protesters set barricade on fire at a demonstration in Causeway Bay district on October 6, 2019 in Hong Kong, China. Anthony Kwan | Getty Images News | Getty Images BEIJING — China will take countermeasures against the U.S. in response to a bill that favors the Hong Kong protesters, the Chinese Foreign Ministry said