Check out the companies making headlines in extended trading: Nike — Shares soared 10%. The sneaker company announced that CEO John Donahoe would step down from the role on Oct. 13. Nike veteran Elliott Hill, who had been at the company for 32 years before retiring in 2020, will...
Check out the companies making headlines in midday trading: Tech stocks — Key tech names rallied a day after the Federal Reserve's supersized rate cut decision. Tesla and Meta jumped around 7% and 4%, respectively, while chip darlings Nvidia and ASML each advanced more than 5%. Edgewise Therapeutics —...
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank.At his news conference following Wednesday's open market committee meeting, Powell used variations of the word no fewer than eight times as he...
LAS VEGAS, United States, September 19th, 2024, ChainwireBlockchain storage layer Xandeum has announced that it will reveal its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-enabled liquid staking program...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Joe Duran has mixed feelings about the current state of the wealth management industry, one that he had a significant hand in shaping. After helping to pioneer the creation of large, nationwide registered investment advisors with United Capital, which he launched in 2005, he’s now concerned about what will happen...
In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen.Budrul Chukrut | Lightrocket | Getty ImagesSports gambling giant DraftKings apologized Monday for a bet parlay offer that would have paid out if three New York teams won...
With a nod toward LPL Financial Holdings Inc.’s recent successes in both recruiting financial advisors as well as signing up large outside firms like banks to use its platform, Barclays Equity Research slapped a brand-new “overweight” rating on shares of LPL Financial (LPLA). As Barclays initiated its coverage of...
A McDonald's restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBCMcDonald's will begin virtual focus groups with some owners and operators as a part of an ongoing civil rights audit, according to a message to franchisees viewed by CNBC.The fast food giant retained WilmerHale law firm...
The following is an excerpt from "This week, your wallet," an audio program produced by CNBC's Personal Finance team. Listen to the latest episode here.Social Security is the largest federal program in the U.S. The vast majority of older Americans get Social Security benefits, which either partially or even...
Used car sales are soaring all over the U.S., and companies from Autonation to CarMax, Carvana and Buffalo, New York-based used car start-up ACV Auctions are benefitting.Patrick T. Fallon | Bloomberg | Getty ImagesDuring the pandemic, shoppers splurged on higher-end new cars. Now, given the current high car costs...
