The HSBC Holding logo is being displayed on a smartphone with HSBC visible in the background in this photo illustration taken in Brussels, Belgium, on February 20, 2024. Jonathan Raa | Nurphoto | Getty Images HSBC beat market expectations in its first quarter earnings report on Tuesday, and announced the surprise departure of Group Chief … Read more
Check out the companies making headlines in after hours trading. Paramount Global — Shares rose less than 1% after the parent of CBS television said its CEO Bob Bakish would step down and be replaced by an “office of the CEO.” The news comes as Paramount posted per-share earnings of 62 cents, topping the 36 … Read more
Check out the companies making headlines in midday trading. SoFi Technologies — The consumer fintech company’s stock price plunged about 10% on disappointing second-quarter earnings guidance. SoFi forecast adjusted revenue between $555 million and $565 million and net income of $5 million to $10 million, while analysts polled by FactSet had called for $580.8 million in … Read more
Check out the companies making headlines in premarket trading: Tesla — Shares rocketed more than 10% during premarket trading after the electric vehicle company said on Sunday that local Chinese authorities removed restrictions on its cars , raising expectations that Tesla’s driver-assistance software Full Self-Driving would soon be available in the country. Paramount — The … Read more
ARK Invest’s chief futurist lists five groups that should give tech investors an edge. According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key areas because they’re all entering the marketplace at the same time. “We believe that this is a unique time in technological economic history,” he told … Read more
Check out the companies making headlines before the bell. Boeing — Shares jumped 3% after Boeing posted a narrower-than-expected loss in its latest results. In its first quarter, the company reported an adjusted loss of $1.13 per share, better than the adjusted loss of $1.76 per share estimated by the LSEG analyst poll. Revenue of … Read more
Check out the companies making headlines before the bell: Microsoft — Shares gained 4% after the tech giant reported fiscal third-quarter results that topped expectations as its Azure business continued to show momentum. Alphabet — The tech behemoth surged more than 11%. Alphabet posted first-quarter results that topped estimates and issued its first-ever dividend, as … Read more
Check out the companies making headlines in midday trading: Microsoft — Shares added 1.8% after the tech giant reported better-than-expected fiscal third-quarter results as its Azure business continued to show momentum. Alphabet — The Google parent company rallied 10.2%. Alphabet posted first-quarter results that topped estimates and authorized its first-ever dividend, as well as a … Read more
ARK Invest is betting big on private tech companies. “It’s an amazing time to invest in innovation,” the firm’s chief futurist, Brett Winton, told CNBC’s “ETF Edge” this week. “Both venture exposures and public innovation companies are incredibly well valued today to take a long-term investment.” Winton worked with the ARK Invest team to create … Read more
Check out the companies making headlines in midday trading: Victoria’s Secret — Shares dropped 3.5% after Goldman Sachs initiated coverage of the stock with a sell rating, saying it sees a “tough macro and ongoing competitive pressure” for the lingerie company in the near term. Longer term, the firm is constructive on the company’s loyalty … Read more