Check out the companies making headlines before the bell. U.S. Steel — U.S. Steel shares popped more than 28% after Japan's Nippon Steel said it would buy the company at $55 per share, a deal that values the American steel company at $14.9 billion, including debt. Affirm — Shares...
Check out the companies making headlines in midday trading. Scholastic — Shares tumbled about 12% after the publisher and distributor of children's books reported a 4% year-over-year decline in revenue for the fiscal second quarter, citing headwinds in the retail market. Quanex Building Products — The window and door...
Check out the companies making headlines before the bell. Costco Wholesale — Costco shares added 2.7% after the wholesale retailer posted quarterly numbers that beat analyst expectations. The company also announced a special dividend of $15 per share. Lennar —The homebuilder slipped 2.4% despite posting fourth-quarter results that topped...
Check out the companies making headlines in midday trading. Live Nation — Shares of the entertainment company rose 6% after an upgrade to overweight from equal weight at Morgan Stanley. "We have increased conviction in durable long-term growth given Live Nation's unique ability to capture the expanding global live...
Check out the companies making headlines before the bell. Adobe — Adobe fell 3.6%, continuing the stock's decline from Wednesday, after the company released disappointing guidance for fiscal year 2024. Foot Locker — The sneaker retailer gained 3.9% after Piper Sandler upgraded shares to overweight and raised the firm's...
Check out the companies making headlines in midday trading. Etsy — Etsy's stock sank 5% after the e-commerce company said it's laying off 11% of its workforce , or about 225 employees, as it deals with a difficult macro and competitive environment. The e-commerce marketplace also updated its fourth-quarter...
Check out the companies making headlines in premarket trading. Tesla — Shares fell 1.2% after U.S. safety regulators said Tesla will recall more than 2 million vehicles to fix issues with its driver assistance system. The electric vehicle maker will send out a software update to fix the problem,...
Check out the companies making headlines in midday trading. Oracle — The software provider tumbled 11% Tuesday, a day after reporting lower revenue than analysts expected for the fiscal second quarter . Oracle posted $12.49 billion in revenue, below the consensus estimate of $13.05 billion from analysts polled by...
Check out the companies making big moves in premarket trading: Hasbro — The toymaker tumbled 5.5% after it said it was laying off about 1,100 workers . Hasbro's soft sales are "likely to persist into 2024," CEO Chris Cocks said in a company memo obtained by CNBC. Oracle —...
Michael Milken attends Prostate Cancer Foundation's Dinner At Daniel on November 19, 2019 at Daniel in New York City.Paul Bruinooge | Patrick McMullan | Getty ImagesFamed investor Michael Milken expects the Federal Reserve will move slowly on monetary policy — if history is any guide.In fact, the Milken Institute...