Finance

In this article FB TDOC LUV MCD CAT Pavlo Gonchar | LightRocket | Getty Images Check out the companies making headlines in midday trading. Meta Platforms — Shares of the company formerly known as Facebook surged 17% after reporting mixed first-quarter results. The company posted a beat in earnings but a disappointing revenue miss. It also

Huawei’s smartphone business has struggled under U.S. sanctions that restrict it from buying chips and other components from key suppliers. Costfoto | Future Publishing | Getty Images BEIJING — Chinese telecommunications giant Huawei announced Thursday that first quarter revenue fell by nearly 14% from a year ago, while its profit margin more than halved. “Our

Stock futures rose in overnight trading as the market shook off the April sell-off and investors reacted positively to earnings from Meta Platforms. Futures on the Dow Jones Industrial Average jumped 90 points or 0.28%. S&P 500 futures gained 0.8% and Nasdaq 100 futures rose 1.3%. The moves came as shares of Meta surged more

In this article IVZ Heavy trucks seen working at a nickel mining area in Soroako, South Sulawesi, Indonesia. SOPA Images | LightRocket | Getty Images Amid a boom in interest for electric vehicles, Invesco is betting that the metals required for EVs and the energy transition broadly will be a hot new area for investors.

The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth. Fotoholica Press | Lightrocket | Getty Images BEIJING — The Chinese yuan strengthened slightly against the U.S. dollar on Wednesday, reversing a sharp weakening trend after the People’s Bank

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 14, 2022. Brendan McDermid | Reuters Nasdaq 100 futures fell on Tuesday night after the major averages continued their April sell-off amid concerns of an economic slowdown. Dow Jones Industrial Average futures fell 18 points, or 0.1%. S&P

In this article SHW GE WM WBD SEAS A General Electric (GE) sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters Check out the companies making headlines in midday trading. General Electric — Shares slid more than 11% despite the industrial company reporting

Pankaj Nangia | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Cadence Design Systems – Shares of computer software company gained 5% after hours following the company’s quarterly earnings reports. Earnings and revenue for the first quarter both came in above consensus forecasts, according to FactSet. The company also issued

Nasdaq 100 futures fell slightly Monday evening after stocks bounced in the afternoon and ahead of Big Tech earnings. Futures tied to the tech focused index fell 0.1%. Dow Jones Industrial Average futures and S&P 500 futures were little changed. In regular trading Monday, the Nasdaq Composite jumped 1.3%. The Dow advanced 0.7%, after cutting

In this article KO TWTR VZ PENN WBD K Check out the companies making headlines in premarket trading. Coca-Cola — Shares of Coca-Cola rose about 1% after the company beat analysts’ expectations on the top and bottom lines in the recent quarter. The beverage giant reported adjusted earnings of 64 cents per share on revenues of

Jack Guez | Afp | Getty Images ABU DHABI, United Arab Emirates — U.S. cryptocurrency exchange Kraken is expanding into the Middle East and will open its regional headquarters in Abu Dhabi after receiving a full license to operate a regulated trading platform in the UAE. “We’re incredibly excited to be able to set up

Traders on the floor of the NYSE, April 14, 2022. Source: NYSE U.S. stock futures were little changed on Sunday night as investors looked ahead to a stacked week of earnings, including reports from major tech companies such as Amazon and Apple. Dow Jones Industrial Average futures were flat. S&P 500 futures dipped 0.1%, and

Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images Britain’s online-only challenger banks need to do more to prevent the abuse of their platforms by criminals, regulators have warned. The Financial Conduct Authority on Friday published the findings of a review into financial crime controls at

Illuminated mining rigs operate inside racks at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Bloomberg | Bloomberg | Getty Images Sanctions imposed on Russia over the country’s unprovoked invasion of Ukraine could hamper the growth of its multibillion-dollar crypto sector, according to experts. This week, U.S. officials targeted Russian bitcoin mining firm BitRiver in

In this article AXP VZ KMB CLF SLB SNAP Check out the companies making headlines before the bell: American Express (AXP) – American Express rose 1.2% in the premarket after reporting better-than-expected profit and revenue for the first quarter. Amex reported a profit of $2.73 per share compared with the $2.44 consensus estimate, helped by

In this article PYPL EBAY PayPal tumbled 16% this week, but one top analyst is making a bullish long-term case for the struggling stock. The company’s underperformance follows leadership uncertainty. PayPal’s chief financial officer, John Rainey, announced last week he’ll leave the company in late May. Yet, Bruderman Asset Management’s Akshata Bailkeri made an optimistic

In this article HCA GPS Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. American Express — Shares of the payment firm dipped 1.1% despite American Express topping earnings expectations for the first quarter. American Express reported a profit

Cleveland Federal Reserve President Loretta Mester said Friday she’s in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery. That means a strong likelihood of backing a 50 basis point rate hike at the next Fed meeting and perhaps a few more after, but

Illustrative image of two commemorative bitcoins with a green background. Artur Widak | Nurphoto | Getty Images Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twitter, in the latest sign of how large financial firms are warming to digital assets. The $95 billion online payments company said Friday it will start

Tesla’s Shanghai factory was “back up and running” as of Wednesday, according to CEO Elon Musk’s comments during a quarterly earnings call, per a StreetAccount transcript. This picture shows the factory on the outskirts of Shanghai in July 2021. Vcg | Visual China Group | Getty Images BEIJING — Foreign businesses are struggling to bring