The criminal trial against fintech startup founder Charlie Javice began on Friday, with lawyers laying out their opening arguments, Reuters reported. Lawyers reiterated their original claims and defenses from the lawsuit filed by JPMorgan Chase against Javice in December of 2022. The financial services giant alleges that Javice had helped...
Check out the companies making headlines in midday trading: Novo Nordisk — Shares rose 4.9% after the Food and Drug Administration said Friday that the U.S. shortage of Novo Nordisk's weight loss injection Wegovy and diabetes treatment Ozempic is resolved after more than two years. Hims & Hers Health — The telehealth...
Marco Bello | AFP | Getty ImagesBlock shares plunged 16% on Friday and headed for their steepest drop since 2020 after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors.In its financial report late Thursday, Block reported earnings of 71...
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 Friday's key moments. 1. The S & P 500 declined Friday, pushed lower by weaker-than-expected consumer sentiment data and a big drop in UnitedHealth Group shares on...
Global investing in fintech startups is starting to see an uptick. Just this week, KPMG issued its Pulse of Fintech report for the second half of 2024. In the fourth quarter of 2024, investment climbed to $25.9 billion from $18 billion in the third quarter, according to KPMG. Granted, this...
Warren Buffett is about to address shareholders and countless admirers following a series of market-moving events — a fresh trade war, devastating wildfires as well as a shocking stock-selling spree at his own Berkshire Hathaway . The 94-year-old "Oracle of Omaha's" must-read annual letter will be released Saturday at...
Check out the companies making headlines before the bell. Celsius Holdings — The energy drink maker skyrocketed more than 31% after surpassing expectations for fourth-quarter earnings and entering an agreement to acquire Alani Nutrition in a cash and stock deal. Celsius earned an adjusted 14 cents per share on...
Dubai, United Arab Emirates, February 21st, 2025, ChainwireBybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an industry-first initiative by making all liquidation data fully accessible to the public via its enhanced API. This bold step positions Bybit as a leader in transparency, offering institutional investors, analysts,...
Production at the VW plant in Emden.Sina Schuldt | Picture Alliance | Getty ImagesThe struggling German economy has been a major talking point among critics of Chancellor Olaf Scholz' government during the latest election campaign — but analysts warn a new leadership might not turn these tides.As voters prepare...
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba shares surged in Hong Kong Friday following stellar quarterly results, boosted by growth in the company's cloud Intelligence and e-commerce segments.The Chinese tech giant's shares soared as much...