Tech shares sold off sharply Tuesday, dragging the S&P 500 to its worst day since August. Here’s what CNBC TV is watching going into Wednesday.
Schlagwort-Archiv: CNBC
Robinhood lets Brits lend shares for extra income in bid to grow international footprint
Robinhood on Wednesday launched a new feature in the U.K. allowing users to lend out any stocks they own outright in their portfolio to interested borrowers.
Nvidia $279 billion wipeout — the biggest in U.S. history — drags down global chip stocks
In the U.S., chipmaker Nvidia plunged more than 9% in regular trading, leading semiconductor stocks lower amid a sell-off on Wall Street.
Dollar Tree shares slide after discounter cuts full-year forecast
Dollar stores, in particular, have felt pinched as their core customer makes trade-offs after a prolonged period of pricier food and everyday costs.
Dick’s Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election
Theft at Dick’s Sporting Goods had previously impacted its profits but the company now appears to be past those issues.
Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO
Philip Belamant, Zilch’s CEO, told CNBC the firm was able to hit profitability by growing rather than cutting back like other fintechs have done.
China’s property woes and U.S. sanctions have hit some cities hard
Hangzhou, capital of the eastern Zhejiang province and home to Alibaba and other tech companies, ranked first in this year’s rankings.
American demand for international trips drives ‚travel momentum‘ and overall spending
Americans‘ spending on international trips has underpinned overall travel strength.
Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO
Philip Belamant, Zilch’s CEO, told CNBC the firm was able to hit profitability by growing rather than cutting back like other fintechs have done.
Is the Fed ’sleepwalking into a policy mistake?‘: Abrdn analyst calls for faster easing of rates
Is the economy already weaker than the headline data suggests and should the U.S. Federal Reserve already be easing? Akintewe questioned on „Squawk Box Asia.“