Check out the companies making headlines in extended trading: Palantir Technologies — Shares declined nearly 5% after the company issued lighter-than-expected guidance for full-year revenue. First-quarter adjusted earnings were in line with expectations at 8 cents per share, per LSEG. Meanwhile, quarterly revenue of $634 million topped forecasts of...
A Lucid showroom in New York City on Aug. 19, 2023.Adam Jeffery | CNBCLucid Group reported first-quarter revenue above analysts' estimates on Monday as price cuts helped the company deliver more luxury electric sedans in the first three months of 2024.Shares of the Newark, California-based firm fell about 3%...
Dozens of former employees who say they were fired from Bowlero based on their age or out of retaliation plan to sue the bowling chain after the U.S. Equal Employment Opportunity Commission closed its case against the company, the attorney representing the claimants said Monday.Bowlero, the world's largest owner...
Alex Karp, CEO of Palantir, arrives for the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC.Alex Wong | Getty ImagesDefense-tech firm Palantir reported first-quarter earnings on Monday that beat analyst expectations on revenue. Bottom line results were in-line...
Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans.Fraser, who leads one of the largest U.S. credit card issuers, said she is seeing a "K-shaped consumer." That means the affluent continue to spend, while lower-income...
Check out the companies making headlines in midday trading: Berkshire Hathaway — Class A shares added 0.6% following the release of first-quarter results and the annual shareholders meeting on Saturday. Berkshire posted a 39% yearly jump in operating profit, while cash holdings are approaching $200 billion. Micron Technology —...
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. U.S. stocks rose on Monday, adding to the prior session's gains when the S & P 500 , Dow and Nasdaq popped over 1%...
