UAW-Stellantis deal includes $18.9 billion in new investments
Randy Harvard (right), an autoworker of 29 years, stands with other United Auto Workers members after the union called a strike Oct. 23, 2023 at Stellantis’ Ram 1500 plant in Sterling Heights, Mich. Michael Wayland / CNBC DETROIT – The United Auto Workers union said Chrysler-parent Stellantis plans to invest $18.9 billion in the U.S. […]
Ex-New York Fed head sees risk of four ‘fatal’ flaws in central bank’s thinking
A former top official for the Federal Reserve is warning about all the ways in which the central bank’s pause on interest-rate hikes could go wrong. Bill Dudley, who led the Federal Reserve Bank of New York between 2009-2018, wrote in a Bloomberg column that he sees “four potentially fatal flaws” in policymakers’ thinking and […]
Amazon to unveil Affirm buy now, pay later for small business
Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use its online store, CNBC learned exclusively. The tech giant confirmed Thursday that its partnership with Affirm is expanding to include Amazon Business, the e-commerce platform that caters to companies. Affirm shares jumped more than 15% […]
Peloton (PTON) earnings Q1 2024
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2. Michael Nagle | Bloomberg | Getty Images Peloton on Thursday reported a wider-than-expected quarterly loss, a tepid holiday forecast and “bad news” for paid subscriptions. The connected fitness […]
Wall Street analysts are souring on stocks. That could mean the S&P 500 is poised for a 15% rally, B. of A. says.
Wall Street analysts are souring on U.S. stocks. Historically, that has meant that the market is likely to climb during the coming months, with gains sometimes breaking into double-digit percentage territory. Bank of America’s sell-side indicator, a gauge of Wall Street analysts’ expectations for U.S. stock-market performance, declined by 37 basis points to 53.1% in […]
Eli Lilly (LLY) Q3 earnings report 2023
Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain. Cristina Arias | Cover | Getty Images Eli Lilly on Thursday reported third-quarter revenue and adjusted earnings that topped estimates on strong demand for its diabetes drug Mounjaro, but slashed its full-year profit guidance due to charges primarily related to its recent acquisitions. Here’s […]
EA’s stock rises on improved bottom line, revenue beat
Shares of videogame maker Electronic Arts Inc. lit up more than 6% in extended trading Wednesday after the company reported a jump in net income and revenue that slightly beat analysts’ estimates. EA EA, -0.01% reported fiscal second-quarter net income of $399 million, or $1.47 a share, compared with net income of $299 million, or […]
e.l.f. Beauty (ELF) earnings Q2 2024
E.l.f. Beauty raised its full-year outlook for the second quarter in a row on Wednesday after posting another 76% year-over-year sales jump, beating Wall Street’s expectations. The cosmetics company, known for its viral TikTok marketing and middle-of-the-road pricing, also saw profits nearly triple compared with the year-ago period. Shares jumped about 9% in extended trading […]
Roku Q3 2023 earnings: Stock soars
A video sign displays the logo for Roku, a video streaming firm, in Times Square after the company’s initial public offering at the Nasdaq Market in New York on Sept. 28, 2017. Brendan McDermid | Reuters Shares of Roku soared in after-hours trading Wednesday after the company reported better-than-expected revenue for the third quarter. Here’s […]
DoorDash shares rally after earnings beat, helped by expansion beyond restaurants
Online delivery company DoorDash Inc. on Wednesday reported third-quarter results that beat expectations, as its expansion beyond restaurants helped grow orders, but it said it expected “significant levels of ongoing investment” up ahead as it tries to widen its service options. DoorDash DASH shares jumped 8% in after-hours trading. The…
