The PayPal application on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Shares of PayPal fell as much as 6% in after-hours trading after the payments giant missed Wall Street’s estimates for second-quarter revenue and lowered its full-year guidance. PayPal’s revenue for the quarter rose to $4.31 billion, up 12% from a year
Finance
Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on January 17, 2018 in New York. Bryan R. Smith | AFP | Getty Images Check out the companies making headlines midday Wednesday: Texas Instruments — Texas Instruments rose more than 7% to an all-time
Michaela Rehle | Reuters Big cap technology stocks hit an all-time high Tuesday, aided by a rebounding semiconductor sector amid some signs of progress in the trade war between the U.S. and China. The Technology Select SPDR Fund ETF, XLK representing the technology sector within the S&P 500, rose to a record $82.15 at the
A banner for Snap Inc. hangs on the facade of the the New York Stock Exchange on the eve of the company’s IPO in New York. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of technology companies Facebook, Alphabet and Amazon all fell more than 1% after the U.S.
People walk past an AT&T store in New York on October 23, 2016. Kena Betancur | AFP |Getty Images A multi-million-dollar case involving stolen cryptocurrency filed against AT&T is moving forward. A federal judge in Los Angeles, California rejected the telecommunications giant’s request to dismiss a suit filed by Michael Terpin last year for enabling
President Donald Trump and the Prime Minister of the Islamic Republic of Pakistan, Imran Khan, speak to the media in the Oval Office at the White House on July 22, 2019 in Washington, DC. Mark Wilson | Getty Images Pakistani Prime Minister Imran Khan’s three-day visit to the U.S. is not likely going to do
TD Ameritrade traders on the floor of the New York Stock Exchange. Adam Jeffery | CNBC Check out the companies making headlines after the bell: TD Ameritrade gained nearly 2% in after-hours trading before losing those gains and falling a fraction of 1%. The financial services company reported third-quarter results that beat estimates and announced
TD Ameritrade is introducing a new place to check your portfolio: while sitting in traffic. The financial services company announced in-vehicle features Monday that let drivers check their balances and portfolio performance, or get a stock quote through voice commands from behind the wheel. “In a connected world like ours, we have to meet investors
Chairman of the China Securities Regulatory Commission Yi Huiman presides over the launch ceremony of the SSE STAR Market or its Nasdaq-style tech board during the 11th Lujiazui Forum 2019 on June 13, 2019 in Shanghai, China. Zhang Hengwei | China News Service | VCG via Getty Images China is trying again to boost the
One of Wall Street’s biggest long-time bears is painting a painful picture for stocks as earnings season goes into full gear. Gluskin Sheff’s David Rosenberg warns earnings are “rolling over” and ominous economic data suggests the economy is on the brink of a recession. “Maybe a recession is not here. But it’s certainly suggesting of
A bottle of Diet Coke is pulled for a quality control test at a Coco-Cola bottling plant in Salt Lake City, Utah. George Frey | Getty Images With earnings season now in full swing, Wall Street analysts are advising clients there are plenty of buying opportunities. So far over 15% of companies in the S&P
Chris Ratcliffe | Bloomberg | Getty Images Bank of America Merrill Lynch has paid a hefty $40 million to settle “churning” allegations involving a former broker, according to filings and sources familiar with the case. It’s the largest such settlement in at least a decade. The recipient of the settlement is Robert Levine, co-founder of
Traders work on the floor of the New York Stock Exchange (NYSE) the morning after Donald Trump won a major upset in the presidential election on November 9, 2016 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines midday: Microsoft — Microsoft rose 1.7% and
Congress is going crypto. Lawmakers from the U.S. Senate and House of Representatives heard testimony this week regarding Facebook’s Libra project in the interest of finding a way to regulate the digital payment system and ascertain how it is different from cryptocurrencies like bitcoin. In the hourslong confabs, Congress heard testimony from Calibra chief David
Eric Rosengren, president and chief executive officer of the Federal Reserve Bank of Boston at the Brookings Institution in Washington, D.C., on Jan. 8, 2018. Andrew Harrer | Bloomberg | Getty Images President Donald Trump’s constant berating of the Federal Reserve and its actions does not influence the central bank’s decisions on monetary policy, Boston
The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren Keith Bedford | Reuters Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can afford to be patient as long as the economy holds up.
Gold has been on fire this year and some investors think the precious metal is poised to do something it has only done twice since World War II: enter a major bull market. The metal is trading above $1,400 per ounce for the first time since 2013 and is up more than 12% year to
European stocks are set to open higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE 100 was seen 31 points higher at 7,524, Germany’s DAX up by 75 points at 12,310, and France’s CAC climbing 31 points
A Microsoft store in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Microsoft ticked up 1% in after-hours trading after the company’s fourth-quarter earnings beat estimates. The technology company reported adjusted earnings per share of $1.37 on revenues of $33.72 billion. Analysts had expected earnings per share of
U.S. President Donald Trump tours his ‘Made In America’ product showcase at the White House July 15, 2019 in Washington, DC. Chip Somodevilla | Getty Images President Donald Trump’s allies in the business world and an army of bundlers have been courting executives across the country in an effort to help raise millions of dollars