Check out the companies making headlines after the bell: Dropbox stock surged nearly 5% in extended trading after the software company reported first-quarter earnings that surpassed analysts expectations. Dropbox reported earnings of 10 cents per share on revenue of $386 million, while Wall Street had expected earnings of 6 cents per share on revenues of
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U.S. equity futures were little changed Thursday as traders awaited a midnight deadline for tariffs to increase. Stock futures opened slightly lower, with S&P futures contracts down 0.1%. Dow and Nasdaq futures both fell 0.12%. China’s Vice Premier Liu He is meeting with top U.S. trade officials Thursday evening in Washington, just hours before the
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Delta Airlines. Tim Seymour was a buyer of U.S. Steel. Steve Grasso was a buyer of McDonald’s. Guy Adami was a buyer of Wynn Resorts. Trader disclosure: Pete Najarian is long calls AAL, AMD, AMRN, ASHR, BABA,
Check out the companies making headlines after the bell: Shares of Disney popped in extended trading after the mass media company reported second-quarter results that beat expectations on the top and bottom lines. The company reported earnings of $1.61 per share on revenue of $14.92 billion, topping analysts’ estimates of $1.58 per share on revenue
President Donald Trump says China wants a deal, but Wall Street is not totally convinced there will be one, even though stocks rose on the president’s remarks Wednesday. Before the market open, Trump tweeted that Chinese Vice Premier Liu He is coming to the U.S. to make a deal. Several hours later, White House spokeswoman
The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of L Brands. Cater Worth was a buyer of S&P 500 ETF puts. Karen Finerman was a buyer of Anthem. Dan Nathan was a seller of the Financials ETF. Trader disclosure: Pete Najarian is long calls AAL, AMD, AMRN,
Yu Gong, founder and CEO of China-based iQiyi, rings the opening bell at Nasdaq MarketSite in Times Square. Spencer Platt | Getty Images News | Getty Images Nasdaq is looking to benefit from a strong year for Chinese tech companies launching initial public offerings. Last week, two Chinese companies debuted on the tech-heavy U.S. exchange,
Investors are worried the U.S. and China may not find enough common ground to head off a new round of tariffs later this week that could bite into global growth, squeeze profit margins and drive down stock prices. Trade negotiators are scheduled to meet this week in Washington, but recent tensions make it less likely
Check out the companies making headlines before the bell: Allergan — Allergan beat estimates by 24 cents a share, with adjusted quarterly profit of $3.79 per share. Revenue also exceeded Wall Street forecasts, helped by sales growth for existing products like Botox and Juviderm. The company also raised its full-year forecast amid what it calls
Jeffrey Gundlach speaking at the 24th Annual Sohn Investment Conference in New York on May 6, 2019. Adam Jeffery | CNBC Jeffrey Gundlach is not shy when it comes to ridiculing the Democratic presidential hopefuls. The so-called bond king and DoubleLine Capital CEO first fired shots at former Vice President Joe Biden, who last month
Berkshire Hathaway Chairman and CEO Warren Buffett said Monday stocks are a huge bargain if interest rates remain at their low levels. “I think stocks are ridiculously cheap if you believe … that 3% on the 30-year bonds makes sense,” Buffett said in an interview with CNBC’s Becky Quick on “Squawk Box. “ “We are
President Donald Trump delivers remarks during a National Day of Prayer service in the Rose Garden at the White House May 02, 2019 in Washington, DC. Chip Somodevilla | Getty Images The U.S. could become one of the most protectionist countries in the world, if President Donald Trump‘s latest tariff threat materializes. Trump tweeted Sunday
President Donald Trump’s threats to slap more tariffs on China are being viewed as a bargaining tactic, and analysts say the most likely outcome is still a deal over an all-out trade war. Stocks were pounded after Trump threatened in tweets Sunday to raise tariffs on $200 billion in Chinese goods and complained about China’
All it took was two tweets from President Donald Trump to rattle the markets, and these companies could be hurt the most by them. Trump threatened in a Twitter post Sunday to hike tariffs on goods imported from China, which instantly jolted the stock market that had been heading higher steadily on better-than-expected earnings and
Visitors crowd around the Nvidia booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai. STR | AFP | Getty Images Check out the companies making headlines midday Monday: Nvidia, Micron Technology, Advanced Micro Devices — The chipmakers fell all at least 3% after President Donald Trump threatened to hike tariffs on
Eileen Murray, co-chief executive officer of Bridgewater Associates LP, speaks during the Bloomberg Business of Equality conference in New York, U.S., on Tuesday, May 8, 2018. Mark Kauzlarich | Bloomberg | Getty Images A co-CEO of the world’s largest hedge fund, Bridgewater Associates, is considering leaving the fund, The Wall Street Journal reported on Monday.
A trader works ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on April 12, 2019 in New York City. Johannes Eisele | AFP | Getty Images A trade agreement between the U.S. and China could be a strong catalyst for stocks, even though analysts say the market may
Robert Kaplan, president of the Federal Reserve’s Dallas district, said low inflation is here to stay. “It’s not that we don’t have any inflation…Inflation forces I think are going to be muted including technology,” Kaplan said Friday in an interview with CNBC’s Steve Liesman. “Technology enables disruption and to some extent globalization. Businesses have less
Sinclair Broadcast Group’s subsidiary Tennis Channel rings the NASDAQ bell, led by President Ken Soloman. Gary Gershoff | Getty Images Sinclair Broadcast announced Friday that it will buy 21 regional sports networks from Disney at a $10.6 billion valuation. Adjusting for minority equity interests, Sinclair said it bought the assets for $9.6 billion. The broadcasting
Warren Buffett David A. Grogan | CNBC Warren Buffett doesn’t like the way former Wells Fargo CEO Tim Sloan left the bank, saying he was “an excellent banker” that was forced out by undue political pressure. “I was 100% behind Tim Sloan the day it was announced he resigned,” Buffett told CNBC’s Becky Quick on