These are the stocks posting the largest moves before the bell.
Schlagwort-Archiv: CNBC
SoFi stock falls after fintech firm accidentally releases first-quarter report early
SoFi blamed the early release of its results on human error, according to CNBC’s Kate Rooney.
Controversial stablecoin UST — which is meant to be pegged to the dollar — plummets below 30 cents
UST, a so-called stablecoin that’s meant to maintain a $1 peg, was trading at less than 40 cents Wednesday.
Shanghai’s big automakers saw production plunge by 75% in April after lockdowns began
Auto production plunged in April as Covid lockdowns halted nearly all non-essential business in Shanghai, the China Passenger Car Association said Tuesday.
China’s consumer prices hit a six-month high as Covid prompts locals to stock up on food
China’s consumer and producer prices rose more than expected in April, according to data from the National Bureau of Statistics released Wednesday.
Coinbase revenue drops 27% from a year ago, stock slides
Coinbase earnings missed analyst estimates and shares fell as much as 19% in extended trading.
Stocks rebound as investors shake off another hot inflation report
April’s consumer price index showed an 8.3% jump, higher than the 8.1% increase expected by economists polled by Dow Jones.
Roblox shares sink on disappointing revenue and wider-than-expected loss
Roblox soared in popularity during the pandemic, but the hype has since cooled.
SoFi stock falls after fintech firm accidentally releases first-quarter report early
SoFi blamed the early release of its results on human error, according to CNBC’s Kate Rooney.
Goldman Sachs is shrinking its SPAC business amid regulatory crackdown and market turmoil
Goldman is scaling back its business in SPACs as blank check deals got caught in a double whammy of a regulatory crackdown and a tough market environment.