Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of 2U Inc. surged more than 15% during extended trading after the cloud-based software company reported third-quarter earnings and updated its full-year revenue and net loss outlook. 2U expects revenue between $570 million and $575 million for the year, narrower than
Finance
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images The S&P 500 could surge in a powerful rally to 3,850, if stocks stage the same type of breakout they had after the
Partners and executives at European venture capital firm Balderton Capital. Balderton Capital Venture capital firm Balderton Capital has closed a new $400 million fund, which it says will be used to invest in early-stage European tech start-ups. Balderton said Tuesday that the fund is targeted at start-ups raising funds at the Series A stage —
China could start rolling out its digital currency as early as the next two to three months, predicted the managing partner of an investment firm backed by Foxconn Technology Group. China has developed a framework called the Digital Currency Electronic Payment or DCEP, according to Jack Lee, managing partner of HCM Capital. That would allow
J.P. Morgan Chase CEO Jamie Dimon should have defended his 2018 $31 million compensation during his recent “60 Minutes” interview, CNBC’s Jim Cramer argued Monday. Dimon, in an interview that aired Sunday on the CBS show, was asked if his pay package last year was too high. Dimon sharply responded that the board of directors
Pro-democracy protesters hold banners as they march during a rally ahead of Hong Kong Chief Executive Carrie Lams annual policy speech outside of Central Government Complex on October 16, 2019 in Hong Kong, China. Anthony Kwan | Getty Images Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks
An electric scooter from Swedish tech start-up Voi Technology. Voi Technology Swedish electric scooter sharing start-up Voi Technology has raised $85 million from investors, a move the firm hopes will help it reach profitability in the next few years. The new round was led by Stockholm-based investment group Vostok New Ventures, Voi said Monday. Existing
A Goldman Sachs sign is seen on at the company’s post on the floor of the New York Stock Exchange. Brendan McDermid | Reuters The New York Department of Financial Services is launching an investigation into Goldman Sachs’ credit card practices after a tech entrepreneur accused the bank’s Apple Credit Card algorithm of discriminating against
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) “You are what your record says you are,” said former football coach Bill Parcells, offering a no-excuses maxim of accountability tied to tangible results. So, what does the stock market’s recent rally
Jeff Bezos CEO of Amazon. Joe Klamar | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) The Dow, S&P 500 and Nasdaq all hit all time record-highs this week and if investors are looking at what
US Federal Reserve Governor Lael Brainard attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images Along with all of the other things it must consider, the Federal Reserve needs to take into account climate change when formulating monetary policy, Fed
President Donald Trump holds a campaign rally in Dallas, October 17, 2019. Jonathan Ernst | Reuters Progress in trade talks and a steady, but accomodative Fed policy have eased the way for the stock market’s rally to new highs, and both will be in the forefront when President Donald Trump and Jerome Powell speak at
Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, October 2, 2019. Kate Munsch | Reuters Bitcoin’s buzz may have faded but Andreessen Horowitz is still betting on cryptocurrency and its underlying technology. The Silicon Valley venture capital firm is launching a school to coach entrepreneurs on
A child receives a vaccination shot at a hospital in Huaibei in China’s eastern Anhui province on July 26, 2018. – | AFP | Getty Images SHANGHAI – Some of the world’s largest medical and health care companies are stepping up their bets on the Chinese market, regardless of slowing economic growth and trade tensions.
Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the bell: Zillow shares surged 14% during extended trading after the online real estate website posted a third-quarter revenue beat. Zillow reported revenue of $745 million, compared to the $718 million Wall Street expected, according to Refinitiv consensus estimates. That revenue
Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks during a rally in Washington Square Park on September 16, 2019 in New York City. Bauzen | GC Images | Getty Images Wall Street can’t stop talking about Elizabeth Warren, and as trade-war fears and recession scares abate, the Massachusetts senator’s ascent is set to become the
A 711 employee accepts a mobile payment from a customer in Shenzhen, China Uptin Saiidi | CNBC BEIJING — A few months ago, I got out of a taxi upon arriving at my hotel in Beijing. As mainstream credit cards are uncommon and rarely accepted here, I handed the driver cash. I couldn’t speak Chinese
Netflix has built itself into a $125 billion company by accumulating global subscribers — a number that hit 164 million when the company announced third-quarter results last month. But CEO Reed Hastings said Wednesday that subscriber counts aren’t the right metric to track who’s winning the streaming wars — what’s really important is how viewers
CNET founder Halsey Minor onstage at the Web Summit tech conference with former professional boxer Wladimir Klitschko and Machine Zone CEO Kristen Dumont. David Fitzgerald | Sportsfile | Getty Images LISBON, Portugal — Facebook’s plans to introduce a cryptocurrency show the company is ill-equipped to take on finance, the founder of tech news site CNET
A visitor holds illuminated controllers while wearing a prototype of the Sony Project Morpheus virtual reality gaming headset at the IFA tech show in Berlin, Germany, on Sept. 3. Chris Ratcliffe | Bloomberg | Getty Images LISBON, Portugal — Europe’s technology industry is thriving and showing signs that it can compete with the U.S., the