Check out the companies making headlines after hours. Discover Financial Services — Shares dropped nearly 7% after Discover Financial Services reported fourth-quarter results. The financial services company reported quarterly revenue of $4.20 billion that topped estimates of $4.10 billion, according to analysts polled by LSEG. GAAP earnings of $1.54...
Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity. Michael Siluk | UCG | Getty ImagesDrugmakers have been scrambling to join a two-horse race to lead the market for popular weight...
Clothes at the Shein headquarters in Singapore on June 19, 2023.Ore Huiying | Bloomberg | Getty ImagesChina's powerful internet regulator is conducting a security review of Shein as the fast-fashion giant gears up for its highly anticipated U.S. initial public offering, CNBC has learned. The Cyberspace Administration of China is...
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022.Joe Cavaretta | Sun Sentinel | Getty ImagesSpirit Airlines is on shaky footing after JetBlue Airways' proposed $3.8 billion takeover of the budget carrier was blocked by...
A person picks out clothing in a Lacoste store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, on Nov. 24, 2023.Vincent Alban | ReutersHoliday...
Check out the companies making headlines in midday trading. Spirit Airlines , JetBlue Airways — Spirit Airlines and JetBlue Airways respectively slid 22% and 8% a day after a federal judge blocked JetBlue's proposed $3.8 billion acquisition of Spirit. Following the ruling, Bank of America downgraded Spirit to an...
Argentinian payments infrastructure startup Pomelo has raised $40 million in a Series B round of funding. The Buenos Aires-based company started in 2021 with the goal of giving fintechs and embedded finance players a way to launch virtual accounts and issue prepaid and credit cards via compliant onboarding processes. Pomelo went live...