Check out the companies making headlines in midday trading. Nvidia – Nvidia slumped more than 3% after the AI chipmaker unveiled its widely-anticipated next-generation chips. Several Wall Street firms boosted their price targets on Nvidia in the wake of the event. The company plans to roll out the first...
Discussion around the potential for a recession is becoming less common among American business executives. Ever since the Federal Rserve began raising interest rates in early 2022, corporations and investors have braced for how a recession might play out. Now, the topic is losing its luster on earnings calls...
Check out the companies making headlines in after-hours trading. Adobe — The software stock tumbled 10% on the back of weak guidance for current-quarter revenue. Despite that, Adobe beat analysts' predictions on both lines in its fiscal first quarter and announced a $25 billion share buyback. Ulta — The...
Check out the companies making headlines in premarket trading. Oracle — The information technology stock climbed 13.3% on the back of strong per-share earnings. Oracle posted adjusted earnings per share of $1.41, topping the $1.38 consensus estimate of analysts polled by LSEG. On Holding — Shares plunged more than...
Check out the companies making headlines in extended trading. Workday — Shares tumbled 9% following the enterprise software company's fourth-quarter earnings report. Workday's adjusted earnings beat the expectations of analysts polled by LSEG, formerly known as Refinitiv, by 10 cents per share, posting $1.57. Revenue, on the other hand,...
Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023.Mat Hayward/tas23 | Getty Images Entertainment | Getty ImagesThe devil's in the details, but local economies have a friend in Taylor Swift.The American pop star has spent nearly a year crossing the U.S. and globe with her...
Check out the companies making headlines in premarket trading. Nvidia — The closely followed chip giant's stock surged 13% in premarket trading after earnings released Wednesday afternoon blew past expectations amid the artificial intelligence boom. Nvidia earned $5.16 per share on an adjusted basis and $22.1 billion in revenue...
Check out the companies making headlines in midday trading. Nvidia — Nvidia fell 2% during midday trading and built on Tuesday's more than 4% loss ahead of its quarterly print after the bell. Investors will be closely watching the chipmaker's results for insights into how long its massive growth...
Check out the companies making headlines in midday trading. New York Community Bancorp — The regional bank added 3.1%, building on its sharp gains from Friday — when the stock rallied after an influx of insider buying. Bank of America also reiterated its neutral rating on Monday, while noting...
Check out the companies making headlines in premarket trading. Snap — The social media stock tumbled 32.2% on Wednesday morning, a day after the company posted worse-than-expected revenue and offered weak guidance. Snap said it was facing headwinds from the Israel-Hamas war. Alibaba — The Chinese e-commerce giant rose...