Schlagwort-Archiv: CNBC
Stocks making the biggest moves premarket: Target, Walmart, Carrier Global and others
These are the stocks posting the largest moves before the bell.
Bitcoin production roars back in China despite Beijing’s ban on crypto mining
New research from the Cambridge Centre for Alternative Finance shows that Chinese bitcoin mining activity has quickly rebounded.
JPMorgan investors hand Jamie Dimon a rare rebuke with disapproval of $52.6 million bonus
The disapproval was the first time JPMorgan’s board suffered a down vote on compensation since „say on pay“ measures were introduced more than a decade ago.
Goldman Sachs cuts its China GDP forecast to 4% on Covid controls
Goldman Sachs analysts cut their forecast for China GDP to 4% after data for April showed a slump in growth as Covid controls restricted business activity.
Lowe’s sales decline as cool spring weather weighs on demand for outdoor products
The home improvement retailer’s profit topped Wall Street estimates for the quarter, even as sales missed the mark.
Target shares sink 25% after company says high costs, inventory woes hit profits
The big-box retailer said it saw a healthy customer, but a shift to experience-based purchases, such as toys for birthday parties and luggage for trips.
Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue
Southeast Asian tech giant Sea’s shares rebounded, but its e-commerce site could slow due to macro uncertainties.
Citigroup shares jump 6% after Warren Buffett reveals a near $3 billion stake in the struggling bank
A filing revealed that Buffett’s Berkshire Hathaway added more than 55 million shares to build a stake worth $2.95 billion as of the end of March.
Paramount shares jump about 14% after Buffett’s Berkshire reveals new stake
Berkshire bought 68.9 million shares of Paramount to build a stake worth $2.6 billion as of the end of March, according to a regulatory filing released Monday.