Check out the companies making headlines in the premarket Thursday: Delta Air Lines — The airline reported better-than-expected earnings, lifting its stock by more than 2%. Delta reported a profit of $2.35 per share, topping a Refinitiv estimate of $2.28. Delta also posted a record revenue of $12.5 billion for the quarter. Amazon — Amazon
Finance
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The stock market’s record-long bull run just capped another milestone Wednesday — the S&P 500 jumped above 3,000 for the first time, nearly five years after the index hit 2,000. These are the stocks that powered the historic rally. Medical
Jerome Powell, nominee to be chairman of the Federal Reserve Board of Governors, testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington, DC, November 28, 2017. Saul Loeb | AFP | Getty Images Federal Reserve officials saw last month the case for easier monetary policy
Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, November 28, 2017. Joshua Roberts | Getty Images Business investments across the U.S. have slowed recently as uncertainties over the economic outlook linger, Federal Reserve Chair Jerome Powell said Wednesday
Pedestrians walk past an entrance to the Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Levi Strauss fell 6% following the release of the denim maker’s second quarter earnings. Levi reporter earnings per share of
Netflix CEO Reed Hastings is pictured on May 3, 2018 in Lille, northern France during the first edition of the TV Series Mania festival. Philippe Huguen | AFP | Getty Images Something strange is happening in the world of technology and media: Netflix is becoming the incumbent, and the upstart challengers are companies that have
An investor watches the electronic board at a stock exchange hall in Hangzhou, China. VCG | Getty Images U.S.-listed wealth management company Noah Holdings is the latest Chinese firm to have its shares knocked by the disclosure of ties to a criminal detention. Chinese authorities have made local headlines in the last week with reports of
Federal Reserve Chairman Jerome Powell needs to stress the institution’s independence as he testifies before Congress this week, CNBC’s Jim Cramer said Monday. “At a certain point, he has to reassert the independence of the Fed and that he is not going to do what the president tells him to do,” Cramer said on “Squawk
People shop in an Apple retail store in Grand Central Terminal, January 29, 2019 in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading: Apple— Shares of Apple fell more than 2% after receiving a downgrade from Wall Street on Monday. Rosenblatt Securities cut the stock to
U.S. government debt prices rose on Monday as investors continued to digest stronger-than-expected jobs data. The yield on the benchmark 10-year Treasury note fell to 2.0268%, while the yield on the 30-year Treasury bond dipped to 2.5318%. Bond yields move inversely to prices. Investor focus was largely attuned to the latest nonfarm payrolls report out
James von Moltke, chief financial officer of Deutsche Bank AG, speaks during a fourth quarter results news conference in Frankfurt, Germany, on Friday, Feb. 2, 2018. Andreas Arnold | Bloomberg | Getty Images Deutsche Bank may have gone through a number of strategy overhauls in recent years, but its chief financial officer (CFO) told CNBC
Deutsche Bank headquarters Photo by Hannelore Foerster Deutsche Bank announced Sunday that it will pull out of its global equities sales and trading business as part of a sweeping restructuring plan to improve its profitability. Deutsche will also slash 18,000 jobs for a global headcount of around 74,000 employees by 2022. The bank aims to
Kai Pfaffenbach | Reuters Check out the companies making headlines midday: Chipmakers— Shares of chipmakers fell broadly, including Micron falling more than 1% and Qualcomm dropping less than 1%, after Samsung said its second-quarter profit would likely be down 56% from a year ago. The world’s largest smartphone maker and supplier of memory chips cited
Investor Paul Meeks is avoiding the group that made him famous. Meeks, who’s known for running world’s biggest tech fund for Merrill Lynch during the dot-com boom and subsequent collapse, is questioning valuations following the impressive run from the recent lows. “I’m neutral to frankly a little bit bearish on the sector that I’ve covered
A Federal Reserve rate cut could lead to the same challenges for Wall Street lenders that European banks have been dealing with for years, Lorenzo Bini Smaghi, the chairman of Societe Generale, told CNBC Saturday. The U.S. central bank was divided on projections for a rate cut this year at its last meeting, but the
Federal Reserve Chair Jerome Powell has the opportunity to reinforce market expectations for a late July rate cut or rein them in when he speaks to Congress in the week ahead. Powell testifies before the House Financial Services Committee Wednesday and at the Senate Banking Committee Thursday, and is expected to answer questions on the
President Donald Trump shakes hands as he announces his nominee for Chairman of the Federal Reserve, Jerome Powell, in the Rose Garden of the White House in Washington, DC, November 2, 2017. Saul Loeb | AFP | Getty Images President Donald Trump and Federal Reserve Chair Jerome Powell have talked on the phone a handful
The market is expecting too many cuts from the Federal Reserve this year, widely followed economist Mohamed El-Erian said Friday. “We as the market base have gotten carried away — carried away thinking it will be 50 basis points in July, thinking we’re going to get three cuts by the end of the year,” El-Erian
Revolut CEO Nikolay Storonsky speaks onstage at the TechCrunch Disrupt conference in San Francisco, California. Kimberly White | Getty Images “Get sh– done.” Those are the words on a neon sign at fast-growing fintech firm Revolut’s London headquarters. The first two letters of the word in the middle aren’t lit up, though, so it read
The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of McDonald’s. Carter Worth was a buyer of Domino’s Pizza. Mark Tepper was a buyer of UnitedHealth. Dan Nathan was a seller of Procter & Gamble. Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, ACRGF, AMZA,