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
Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis. Also read:Govt evaluating usefulness of interest equalisation scheme in promoting exports According to a working paper prepared by RBI officials, the regulatory and … Read more
Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023. Gonzalo Fuentes | Reuters BEIJING — Local Chinese authorities have removed restrictions on Tesla cars … Read more
Residential buildings under construction at the Phoenix Palace project, developed by Country Garden Holdings Co., in Heyuan, Guangdong province, China in September 2023. Bloomberg | Bloomberg | Getty Images BEIJING — China’s state-directed economy may be creating the conditions for a new wave of bond defaults that could come as soon as next year, according … 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
Nio Founder and CEO William Li poses outside of the New York Stock Exchange to celebrate his company’s IPO. Photo: NYSE BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly branded cars this year. Nio’s first such mass market car will … 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