Check out the companies making the biggest moves midday. Apple — Shares of the iPad maker jumped nearly 3%, leading the rebound in the Nasdaq Composite. The rally came after Bank of America upgraded Apple to buy from neutral. The bank cited a stronger multiyear iPhone upgrade cycle as...
Nelson PeltzDavid A. Grogan | CNBCDisney and its investors are going to start hearing a lot from activist investor Nelson Peltz.In the coming weeks, Peltz's Trian Fund Management plans to post on X and add content to its website RestoreTheMagic.com as a crescendo to launching a dense white paper...
A Birkenstock banner hangs outside the New York Stock Exchange in New York on Oct. 11, 2023, as Birkenstock launches an initial public offering.Angela Weiss | Afp | Getty ImagesBirkenstock shares slumped nearly 10% Thursday after the company warned about its 2024 outlook during its first earnings report since...
Raphael Bostic at Jackson Hole, WyomingDavid A. Grogan | CNBCAtlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying Thursday that inflation is well on its way back to the central bank's goal.Bostic, a voting member this year on...
Activist investor Nelson Peltz is stating his case for joining Disney's board.Peltz's Trian Fund Management, in formally nominating Peltz and former Disney Chief Financial Officer Jay Rasulo to the media giant's board of directors Thursday, made a list of initiatives and performance targets they'd pursue if elected.In a proxy...
A networking and hiring event for professionals of color in Minneapolis, MN. Michael Siluk | Getty ImagesThe labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an unexpected drop last week.Initial filings for unemployment insurance totaled 187,000 for the week ended...
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty ImagesMorgan Stanley's new CEO Ted Pick on Thursday expressed confidence that his bank will hit financial targets of $10 trillion in client assets...
Check out the companies making headlines before the bell. Discover Financial Services — The financial services stock dropped more than 7% after posting mixed fourth-quarter results. Discover topped revenue expectations but posted a decline in earnings from a year ago as it took a large provision for potential loan...
Jakub Porzycki | Nurphoto | Getty ImagesThe world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company on Thursday posted better-than-expected profit and revenue on the back of weaker macroeconomic conditions.Here are TSMC's fourth-quarter results versus LSEG consensus estimates:Revenue: 625.53 billion New Taiwan dollars ($19.62 billion), vs. NT$618.31 billion expectedNet income: NT$238.71 billion, vs....
Check out the companies making headlines after hours. Discover Financial Services — Shares dropped nearly 7% after Discover Financial Services reported fourth-quarter results. The financial services company reported quarterly revenue of $4.20 billion that topped estimates of $4.10 billion, according to analysts polled by LSEG. GAAP earnings of $1.54...