Finance

Check out the companies making headlines in midday trading.  Tesla — Shares of the electric vehicle company jumped more than 1% to a new all-time high ahead of Tesla’s inclusion in the S&P 500. The stock will be added to the benchmark index before the opening bell on Monday based on Friday’s closing prices. There

Take a look at some of the biggest movers in the premarket: Darden Restaurants (DRI) – The restaurant operator reported quarterly earnings of 74 cents per share, beating estimates by 3 cents a share. Revenue came in below forecasts, however, as same-restaurant sales fell 20.6% compared to a FactSet estimate of an 18.3% decline. Darden

People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China’s coronavirus disease (COVID-19) outbreak, March 30, 2020. Aly Song | Reuters Shares of Tesla traded more than four times their 30-day average volume on Friday as passive funds bought the stock ahead of

GoCardless CEO and co-founder Hiroki Takeuchi speaks on stage at TechCrunch Disrupt Berlin 2019. Noam Galai | Getty Images LONDON — British financial technology start-up GoCardless is one step closer to reaching a $1 billion valuation thanks to accelerated demand for digital payments during the coronavirus pandemic. GoCardless said Thursday that it had raised $95

Institutional Investor Hall of Famer Richard Bernstein sees a risky market dynamic. He’s questioning why so many investors prefer momentum names in technology when the economy is getting ready to boom. “The whole innovation disruption thing is becoming a sucker’s bet,” the Richard Bernstein Advisors CEO and CIO told CNBC’s “Trading Nation” on Wednesday. “Fundamentals

Omar Marques | LightRocket | Getty Images Bitcoin surged 12% to hit a fresh record high above $23,000 on Thursday, extending a wild rally for the cryptocurrency that has seen it more than triple in value this year. The world’s most-valuable digital currency was last trading at $23,421, according to crypto market data provider Coin

Take a look at some of the biggest movers in the premarket: Accenture (ACN) – The consulting firm earned $2.32 per share for its fiscal first quarter, compared to a consensus estimate of $2.05 a share. Revenue beat estimates as well. Accenture also raised its full-year forecast, with demand for digital and cloud services remaining

Bitcoin course’s graph is seen on the Coinbase cryptocurrency exchange application on February 12, 2018. Chesnot | Getty Images Digital currency exchange Coinbase is going public as renewed investor interest in cryptocurrencies has pushed bitcoin to an all-time high. On Thursday the company announced that it has confidentially submitted a draft registration statement on Form

U.S. stock futures were flat on Wednesday night as traders kept an eye on Washington, looking for clues about the prospects of additional fiscal aid. Dow Jones Industrial Average futures gained just 13 points, or 0.04%. S&P 500 and Nasdaq 100 futures also rose marginally. Earlier in the day, congressional leaders closed in on a

U.S. stock index futures were flat in overnight trading on Thursday, after the major averages closed at new highs. Futures contracts tied to the Dow Jones Industrial Average advanced 5 points. S&P 500 futures were unchanged, while Nasdaq 100 futures slid 0.04%. The major averages were coming off a record-setting session, which saw all three

Check out the companies making headlines in after hours trading. FedEx — Shares of the shipper slid more than 3% in after hours trading despite FedEx beating top and bottom line estimates during the second quarter. For the period the company earned $4.83 excluding items, on $20.56 billion in revenue. Analysts surveyed by Refinitiv expected

Roger Ferguson sees a bright light ahead for investors, but only at the end of a dark tunnel. Ferguson, 69, is president and chief executive officer of TIAA. He is the former vice chairman of the Board of Governors of the U.S. Federal Reserve System. He also represented the Federal Reserve on several international policy

Annette Riedl | Picture Alliance | Getty Images WASHINGTON – The Trump administration acknowledged reports on Sunday that a group backed by a foreign government carried out a cyberattack on the U.S. Treasury Department and a section of the U.S. Department of Commerce. “The United States government is aware of these reports and we are taking all

A DoorDash Inc. delivery bag sits on the floor at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Pfizer, BioNTech — Shares of the drug makers fell 2% and 6% respectively, despite the Food and Drug Administration’s approval of the firms’ Covid-19

Take a look at some of the biggest movers in the premarket: Alphabet (GOOGL) – Multiple Google services, including Gmail and YouTube, suffered a widespread outage this morning for an undetermined reason. “Service has already been restored for some users, and we expect a resolution for all users in the near future,” Google said in

Wells Fargo Securities is pushing a bearish case for the prices of bonds in its official 2021 outlook. Michael Schumacher, the firm’s head of macro strategy, expects the 10-year and 30-year Treasury Note yields to move meaningfully higher due to progress against the coronavirus. “In a word, it’s vaccines,” he told CNBC’s “Trading Nation” on

Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures moved higher in overnight trading on Sunday as markets indicated a rebound from a losing week. Investors are weighing updates on the Covid-19 vaccine rollout as well as the coronavirus stimulus stalemate in Washington. Dow futures rose 160 points. S&P

Tesla will replace Apartment Investment and Management Co. in the S&P 500 when the electric vehicle company joins the index before trading begins on Dec. 21, S&P Dow Jones Indices said Friday. Tesla will also be added to the S&P 100, replacing Occidental Petroleum in that index. S&P Dow Jones Indices previously announced on Nov.

Check out the companies making headlines in midday trading.  Snowflake — Shares of the data-warehousing software maker slid more than 4% after Deutsche Bank downgraded the stock a hold rating. “Pent-up demand for high-multiple names, such as Snowflake, may be limited as we wrap up 2020 and investors look to protect their year,” the firm

Tink co-founders Daniel Kjellén and Fredrik Hedberg. Tink LONDON — A new movement in finance that calls on big banks to share their coveted customer data with younger technology rivals has gained significant momentum in 2020. Called open banking, a number of start-ups developing tech around the trend have raised significant sums from investors, with