NurPhoto | NurPhoto | Getty Images One hedge fund got the GameStop trade just about perfectly right last year — buying it under $10 and selling when the meme stock peaked. The sell signal it used? An Elon Musk tweet. That’s how 2021’s top-performing hedge fund Senvest Management was able to notch $700 million in
Finance
Statues stand outside a Deutsche Bank AG branch in Frankfurt, Germany. Krisztian Bocsi | Bloomberg | Getty Images LONDON — Deutsche Bank on Thursday defied market expectations to post a profit for the fourth quarter of 2021, as investment bank revenues rose. The German lender said profit attributable to shareholders came in at 145 million
Traders work on the floor of the New York Stock Exchange (NYSE) on January 18, 2022 in New York City. Spencer Platt | Getty Images Stock futures rose on Wednesday night after Federal Reserve chairman Jerome Powell provided an update on the central bank’s plans to raise rates, saying there’s “quite a bit of room”
In this article DKNG MAT CLX MRNA FFIV GLW Barbie dolls for sale at a Target store. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Corning — Shares of the tech and specialty glass company rallied more than 12% in midday trading after beating on the top and bottom lines
Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty Images FTX U.S., the American affiliate of cryptocurrency exchange FTX, said Wednesday it has raised $400 million in its first external fundraising round. The investment gives FTX U.S. a valuation of
Stock futures were little changed Tuesday night, following another wild session for the market. Dow Jones Industrial Average futures dropped 70 points, or 0.2%. S&P 500 futures dipped 0.2%, and Nasdaq 100 futures were off by less than 1%. Microsoft shares rose 1% in after-hours trading, after the company issued better-than-expected quarterly revenue guidance. Earlier,
Scott Eells | Bloomberg | Getty Images Check out the companies making headlines in midday trading. General Electric — Shares fell more than 6% after the company missed revenue estimates for the fiscal fourth quarter. The conglomerate reported 92 cents in adjusted earnings per share on $20.3 billion in revenue. Analysts surveyed by Refinitiv were
Investors may be playing with fire. According to Morgan Stanley’s Mike Wilson, the S&P 500 is vulnerable to a 10% plunge despite Monday’s late buying binge. He warns investors are dangerously downplaying a collision between a tightening Federal Reserve and slowing growth. “This type of action is just not comforting. I don’t think anybody is
U.S. stock index futures were little changed in overnight trading Monday, after a wildly volatile session that saw the Dow erase a more than 1,100 point decline to finish the day in positive territory. Futures contracts tied to the Dow Jones Industrial Average gained 19 points. S&P 500 futures were flat, while Nasdaq 100 futures
Former Goldman Sachs CEO and Chairman Lloyd Blankfein said that his view of cryptocurrencies has evolved after digital assets attracted trillions of dollars in value and a rapidly growing ecosystem. On Monday, Blankfein was asked by CNBC’s Andrew Ross Sorkin for his view on the nascent asset class, who noted that the former banker has
Consumers linger outside a Haikou duty free shop at Riyue Square, Haikou City, Hainan Province, China, on September 2, 2021. Wang Jianfeng | Future Publishing | Getty Images BEIJING — Chinese consumers are spending more on luxury goods at home, even if they can’t easily travel abroad due to pandemic-related restrictions, consultancy Bain & Company
Trader on the floor of the NYSE, Jan. 21, 2022. CNBC Stock futures rose slightly in overnight trading Sunday, following the S&P 500’s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve. Futures on the Dow Jones Industrial Average edged up 100 points.
People walk in front of the entrance of the five-star Paris Marriott Hotel. Fred Dufour | AFP | Getty Images Check out the companies making headlines in midday trading. Marriott International — Shares of the hotel chain jumped more than 4% after the company provided an update on its development process in 2021. Marriott said
Federal Reserve Board Chairman Jerome Powell speaking at a re-nomination hearing of the Senate Banking, Housing and Urban Affairs Committee, on January 11, 2022, in Washington, DC. Pool / Getty The Federal Reserve on Thursday released its long-awaited study of a digital dollar, exploring the pros and cons of the much-debated issue and soliciting public
[The stream is slated to start at 7:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] The Covid-19 pandemic sent the global economy into one of its worst recessions ever. And last year saw supply bottlenecks, surging inflation and new variants weigh further on the recovery. With that
In this article ISRG CSX SLB NFLX PTON PPG Check out the companies making headlines before the bell: Schlumberger (SLB) – The oilfield services company’s stock rose 1% in the premarket after it beat top and bottom-line estimates for the fourth quarter. Schlumberger earned an adjusted 41 cents per share, 2 cents above estimates, as
In this article JPM GS Tourists are lined up for taking photos by the Charging Bull Statue in the financial district of New York City, United States on August 16, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Bonus season has arrived on Wall Street, and the bankers who produced record revenue last year
In this article DIS PTON NFLX INTC Netflix logo Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Netflix – Shares of the streaming giant tanked 21%, on pace for their worst day since July 2012. The steep sell-off came after Netflix admitted that streaming competition
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters U.S. banks closed a record number of retail branches in 2021 as customers increasingly turn to digital banking and the industry consolidates. On net, U.S. banks shuttered 2,927 branches last year, according to S&P Global Market
In this article CSX NFLX ISRG PPG In this photo illustration the Netflix logo in the App Store seen displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in after-hours trading: Netflix — Netflix shares dropped 19% in extended trading after the company’s