Check out the companies making headlines during midday trading Thursday.
Kategorie-Archiv: CNBC Financial News
China’s economic model is ‚washed up on the beach,‘ says veteran investor David Roche
China’s economic model is „washed up on the beach“ and „not going to take off again,“ which will have a big impact on global markets, says veteran investor David Roche.
Stocks making the biggest premarket moves: Walmart, Adobe, Cisco, Hawaiian Electric and more
These are the stocks posting the largest moves in the premarket.
China is considering countermeasures to Biden’s executive order
China signaled it would respond if needed to the Biden administration’s executive order to restrict U.S. investments in advanced Chinese technology.
Don’t count out more rate hikes due to strong jobs market, former Fed governor Kroszner suggests
Randall Kroszner, who’s now a University of Chicago economics professor, believes rates are staying high into well next year.
Stocks making the biggest moves after hours: Cisco Systems, Synopsys, Wolfspeed and more
These are the stocks posting the largest moves in postmarket trading.
Walmart raises full-year earnings forecast as grocery, online growth fuel higher sales
Walmart beat earnings and revenue expectations as it capitalizes on its low-priced reputation with consumers looking for value.
Europe’s Stripe rival Adyen dives 28% after slowest sales growth on record
Adyen reported revenue of 739.1 million euros ($804.3 million) in the first half of the year, up by 21% from 2022, but below analyst estimates.
UK launches £1 billion fintech fund to compete with Silicon Valley
A new U.K. investment fund with up to £1 billion ($1.27 billion) in raised capital has been launched to back growth-stage financial technology companies.
Stocks making the biggest moves premarket: Target, Tesla, Cava and more
These are the stocks posting the largest moves before the bell.