Nutanix IPO celebration at the Nasdaq market site in New York, September 30, 2016. Source: Nasdaq Check out the companies making headlines after the bell: Shares of Nutanix soared 18% in extended trading after the company announced a lower-than-expected loss for the fourth quarter. The cloud platform company reported a fourth-quarter adjusted loss per share of
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A trader works on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines midday: JetBlue Airways — Shares of the airliner rose 2% after an analyst at Deutsche Bank named JetBlue a “catalyst call”short-term investment idea. The analyst cited JetBlue’s “good” balance sheet
Trader on the floor of the New York Stock Exchange. Lucas Jackson | Reuters For the first time since the financial crisis, stocks are earning more for investors than key long-term Treasury bond. The U.S. 30-year yield dropped below the S&P 500‘s dividend yield on Tuesday. It’s the first time since March of 2009 —
Paul J. Richards | AFP | Getty Images Check out the companies making headlines after the bell: Shares of Autodesk nosedived 10% in extended trading after announcing the trade war could hurt its financials. The software company’s third-quarter adjusted earnings per share guidance of 70 to 74 cents fell below the estimated earnings per share
Former New York Fed President Bill Dudley is calling on the central bank not to help President Donald Trump fight his trade war with China. In a sharply worded commentary to his one-time colleagues, Dudley urged Fed officials not to lower interest rates simply as a backstop while the president continues his tit-for-tat tariff battle
European shares traded slightly lower on Tuesday, with investors monitoring the potential recommencement of U.S.-China trade talks and unfolding developments in Italian politics. European Markets: FTSE, GDAXI, FCHI, IBEX The pan-European Stoxx 600 slipped 0.2% in the opening minutes of trade, autos, construction and chemicals stocks leading losses with 0.5% declines while utilities edged 0.3%
Employees close a valve of a pipe at a PetroChina refinery in Lanzhou, Gansu province. Stringer | Reuters China’s plan to put tariffs on U.S. crude oil shows it is willing to take more economic pain in the trade war than some in the markets have expected, according to a Bank of America Merrill Lynch’s
AT&T signage is displayed on a monitor above traders working on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Dish Network — Shares of Dish rose 4% on Monday after Raymond James upgraded the stock to strong buy from market
European stocks traded lower on Monday as investors reacted to the latest escalation in the U.S.-China trade war. European Markets: FTSE, GDAXI, FCHI, IBEX The pan-European Stoxx 600 fell about 0.4% during morning deals, with sectors and major bourses broadly in the red. European basic resources stocks, with their heavy exposure to China, fell 0.3%.
A Chinese denim factory STR | AFP | Getty Images BEIJING — As trade tensions rise, American firms are facing an increasingly complex environment in China, while Chinese companies are looking for ways to adapt — all that may present new opportunities for Chinese businesses, analysts say. On Friday, China announced plans to impose additional
Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Apple, Nvidia, Broadcom, Caterpillar — Shares of the tech companies, along with Caterpillar, all traded lower after President Donald Trump tweeted that
Sam Britton, head of tech, media and telecom M&A at Goldman Sachs Source: Goldman Sachs In the perpetual battle for tech investment banking supremacy, Goldman Sachs has taken a commanding lead this year over its Wall Street rivals, thanks to its top role in the three biggest deals of 2019. The guy at the center
The latest escalation in the trade war between the U.S. and China increases odds the U.S. economy will fall into recession— and that the Federal Reserve will try to stop it with more aggressive interest rate cuts. President Donald Trump called on U.S. companies Friday to find alternatives to China, following a new round of
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month. “Obviously, the global economy has worsened since our July meeting,” Clarida told CNBC’s Steve Liesman on Friday from the Fed’s economic policy symposium in Jackson Hole, Wyoming. “The global economy is slowing and there’s powerful disinflationary pressures.”
The final week of August — the bittersweet end of summer for many— could be highly volatile, as markets fret over the economy and the latest developments in trade wars. President Donald Trump joins the G-7 leaders in France over the weekend, and markets will be watching to see if the meeting exposes new fault
Federal Reserve Chairman Jerome Powell repeated his pledge Friday to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow. In his annual remarks at the central bank’s Jackson Hole symposium, Powell, while not saying specifically where thought rates should go, pledged that the Fed “will act as
Robert Kaplan at Jackson Hole, Wyoming David A. Grogan | CNBC Dallas Fed President Robert Kaplan would like to avoid additional stimulus but is keeping an “open mind.” “I’d like to avoid having to take further action but I think I’m going to have an open mind about taking action over the next number of
Kuni Takahashi | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Gap slid as much as 7% before settling around 1% lower in extended trading after the retailer posted second-quarter sales that missed estimates. The company reported adjusted earnings per share of 63 cents on revenue of $4.01
Michael Burry attends the “The Big Short” New York premiere at Ziegfeld Theater on November 23, 2015 in New York City. Jim Spellman | WireImage | Getty Images GameStop shares jumped after Barron’s reported that investor Michael Burry, one of the main money managers depicted in Michael Lewis’ book “The Big Short,” is long the
Federal Reserve Chairman Jerome Powell reacts during a press conference in Washington D.C., the United States, on July 31, 2019. Liu Jie | Xinhua | Getty Images Market moves were modest after the Fed released minutes of its last meeting, but the message was clear — the market still fears the Fed will not be