The growth of artificial intelligence soon could have some big implications for the labor market, according to Morgan Stanley. Analyst Brian Nowak estimates that the AI technology will have a $4.1 trillion economic impact on the labor force — or affect about 44% of labor — over the next...
Pavlo Gonchar | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Media stocks — A handful of media and studio stocks rose Wednesday after the nearly 150-day writer strike ended. Shares of Warner Bros. Discovery and Paramount Global jumped more than 2.5%, while Comcast added 0.9%....
The all-electric 4-door Convertible GT Fisker Ronin is revealed during its inaugural "Product Vision Day" in Huntington Beach, California, on August 3, 2023.Frederic J. Brown | AFP | Getty ImagesCheck out the companies making headlines before the bell.Fisker — Shares of the vehicle development company surged 4.1% premarket after...
Justin Sullivan | Getty ImagesCheck out the companies making headlines in midday trading.Instacart — Instacart shares fell more than 5% one day after going public on the Nasdaq. The grocery deliver company's stock debuted at $42 on Tuesday, 40% above its $30 offering price.Steelcase — The furniture stock soared...
Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. Brendan Mcdermid | ReutersCheck out the companies making headlines before the bellOracle – Shares fell 10% before the opening bell after the company posted weaker-than-expected...
Dry cannabis flowers inside the packaging room at the Aphria Inc. Diamond facility in Leamington, Ontario, Jan. 13, 2021.Anne Sakkab | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Salesforce — The cloud software company saw its stock jump 3% after it announced quarterly results and...
Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. Brendan Mcdermid | ReutersCheck out the companies making headlines before the bell.Oracle — The software giant rose 2.7% after UBS upgraded Oracle to a buy...
Marvell Technology GroupSource: marvell.comCheck out the companies making headlines before the bell.Marvell Technology — Shares fell more than 3% before the bell despite the company topping Wall Street's expectations for the recent quarter. Marvell posted earnings of 33 cents per share, excluding items, on $1.34 billion in revenue. Analysts...
Jen-Hsun Huang, CEO, Nvidia.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in the premarket.Nvidia — The chipmaker popped 7% after reporting another blowout quarter that topped Wall Street's estimates. Nvidia also offered optimistic guidance, saying sales will jump 170% during the current period as...
A Dick's Sporting Goods store in Niles, Illinois, May 20, 2014.Getty ImagesCheck out the companies making headlines in midday trading.Dick's Sporting Goods — The retail stock tumbled 24.1% after Dick's reported a rare earnings miss and slashed guidance for the year, due in part to an uptick in store...