Check out the companies making headlines before the bell. GitLab — GitLab shares popped more than 14% after the maker of developer tool software posted stronger-than-expected fiscal first-quarter results and shared upbeat guidance. The company posted its first adjusted operating profit and said revenue grew 32% year over year....
Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. Patrick T. Fallon | Afp | Getty ImagesWells Fargo CEO Charlie Scharf said Tuesday that...
Lawmakers are ramping up their scrutiny of Shein after it confidentially filed to go public last week.One congressman who sits on a key committee is even threatening to pursue legislation to bar the retailer from trading if the U.S. Securities and Exchange Commission doesn't reject its application.Rep. Blaine Luetkemeyer,...
French fries arranged at a McDonald's Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021.Luke Sharrett | Bloomberg | Getty ImagesMcDonald's is expected to share new details about its accelerated expansion plans, a new spinoff brand called CosMc's and digital strategy at its investor day...
Harun Ozalp | Anadolu | Getty ImagesThe free version of ChatGPT may provide inaccurate or incomplete responses — or no answer at all — to questions related to medications, which could potentially endanger patients who use OpenAI's viral chatbot, a new study released Tuesday suggests.Pharmacists at Long Island University...
People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021.Source: NasdaqGitLab stock jumped as much as 18% in extended trading on Monday after the developer-tools software maker announced fiscal third-quarter results and quarterly guidance that impressed Wall Street.Here's how the company did, compared with consensus of estimates among...
An Alaska Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022.Joshua Roberts | ReutersAlaska Air Group's executives spent months working on its plan to buy rival Hawaiian Airlines. The airlines' leaders will now spend many more trying to...
Check out the companies making headlines in midday trading. Lululemon — Shares declined 2% after Wells Fargo downgraded the athleisure company to equal weight from overweight. The firm said Lululemon's prior positive catalysts have already played out, and it forecasts more muted growth in 2024. Coinbase , MicroStrategy ,...
Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle in the second proposed airline merger in less than two years.Alaska would pay $18 a share for Hawaiian and would take on $900 million of its debt, the...
Check out the companies making headlines before the bell: Coinbase — Crypto-related assets surged after Bitcoin topped $40,000 for the first time this year. Coinbase jumped 7%, MicroStrategy gained 7% and Marathon Digital climbed 13%. Uber Technologies — The ride-hailing stock rose 4% after S & P Dow Jones...