Online education company 2U saw its stock fall to below $1 for much of the day Friday after a concerning revenue forecast.
Kategorie-Archiv: CNBC Financial News
Nvidia will reportedly sell new chips to China that still meet U.S. rules
U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. restrictions.
Chinese business database Qichacha passes Beijing’s security test for resuming overseas operations
Chinese business database Qichacha said Friday it passed a data export security assessment that allows the company to resume overseas operations.
Startup Li Auto is beating Tesla China’s EV sales
Chinese startup Li Auto sold more cars in October than Tesla’s China business did in October, according to the China Passenger Car Association.
Powell says Fed is ’not confident‘ it has done enough to bring inflation down
Powell said in remarks for an International Monetary Fund audience that more work could be ahead in the battle against high prices.
Watch Fed Chair Jerome Powell speak live to an IMF panel on monetary policy
The U.S. central bank leader’s remarks follow a Fed decision last week to hold benchmark policy rates at their current level.
China’s largest chipmaker SMIC posts a 80% drop in third-quarter profit
China’s largest chipmaker SMIC on Friday posted a 80% profit drop as global demand weakness hit foundries hard.
Startup Li Auto is beating Tesla China’s EV sales
Chinese startup Li Auto sold more cars in October than Tesla’s China business did in October, according to the China Passenger Car Association.
Flutter shares fall after disappointing earnings — but it insists FanDuel is No. 1 in sports betting
A disappointing earnings report sent shares of FanDuel parent Flutter falling, as it defends its first place position in the U.S. sports betting market.
Trade Desk shares plunge about 30% on weak guidance tied to auto, Hollywood strikes
Shares of The Trade Desk plunged in extended trading on Thursday after company provided guidance that fell well short of analyst expectations