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Stocks making the biggest moves premarket: Marvell Technology, Gap, RH & more
These are the stocks posting the largest moves in early trading.
Fintech firm Klarna halves net loss in first quarter as it races toward profitability
The results show that Klarna is making „significant strides“ toward profitability on a monthly basis by the second half of 2023, the firm said.
A U.S. recession would be ‚good news‘ for markets, strategist says
A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management.
‚Price bubble‘ in A.I. stocks will wreck rally, economist David Rosenberg predicts
Long-time bear David Rosenberg warns the artificial intelligence boom could collapse like late 1990s dot-com stocks.
JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
Banks including Goldman Sachs and Morgan Stanley are testing A.I. internally, but JPMorgan may be the first to release a GPT-like product directly to customers.
Fintech firm Klarna halves net loss in first quarter as it races toward profitability
The results show that Klarna is making „significant strides“ toward profitability on a monthly basis by the second half of 2023, the firm said.
Gap shares soar after retailer reports big improvement in margins
Apparel retailer Gap reported another quarter of net losses and sale dips across its four brands but did manage to significantly improve its margins.