Markets are braced for the Fed to cut rates by a quarter point next week, but some economists say a few of the reasons the Fed gave for making the cuts may be less pressing now. Some see the Fed pausing after the Oct. 30 cut. Goldman Sachs economists, in fact, expects the Fed to
Founder of space company Blue Origin, Jeff Bezos, speaks about the future of commercial space travel. Brent Lewis | Denver Post | Getty Images Check out the companies making headlines in midday trading: Amazon stock plunged more than 7% in after-hours trading after the e-commerce giant reported third-quarter earnings fell short of street expectations. The
A metal worker operates a crane in a pot room at Century Aluminum Company in Hawesville, Kentucky, May 14, 2019. Bryan Woolston | Reuters Thursday’s economic calendar contains several reports that could shed more light on how much the manufacturing sector is slowing down, and whether its weakness will spill over onto the services sector
SpaceX owner and Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Check out the companies making headlines after the bell: Tesla shares surged more than 14% during extended trade after a big earnings beat. Tesla reported earnings of $1.86 per share
A multiple sclerosis drug is manufactured at the Biogen Idec plant in Cambridge, Mass. Essdras M Suarez | The Boston Globe | Getty Images Check out the companies making headlines in midday trading. Biogen — Shares of Biogen soared 30% after the drug maker said it is seeking regulatory approval for its Alzheimer’s drug, aducanumab, months
Check out the companies making headlines after the bell: Shares of Snap tanked as much as 15% during extended trade despite the company posting better-than-expected third-quarter earnings and user metrics. The maker of Snapchat posted a loss of 4 cents per share, which was better than the 5 cent loss per share Wall Street expected.
A Stamps.com promotional image Source: Stamps.com Shares of Stamps.com surged more than 18% during extended trade after shipping giant UPS announced a partnership that will allow Stamps.com’s more than 740,000 customers to access discounted UPS shipping rates. “This new collaboration will allow us to bring the leading shipping solutions of UPS to our customer base
A pedestrian passes in front of a TD Ameritrade Holding Corp. location in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of TD Ameritrade climbed more than 4% during extended trade after the company reported better-than-expected earnings for its fourth quarter. The
Check out the companies making headlines before the bell: Bank of America – Bank of America reported quarterly profit of 56 cents per share, 5 cents a share above estimates. Revenue was slightly above forecasts, as well. Results were helped by a 27% increase in investment banking fees and strong growth in consumer banking. Bank
Check out the companies making headlines before the bell: Morgan Stanley – Morgan Stanley reported third-quarter profit of $1.27 per share, beating estimates by 16 cents a share. Revenue also beat analysts’ forecasts. Chairman and CEO James Gorman said the quarter was a strong one despite a typical summer slowdown and volatile markets. Honeywell – Honeywell
Check out the companies making headlines before the bell: American Express – The financial services giant earned $2.08 per share for the third quarter, 5 cents a share above estimates. Revenue also came in above analysts’ forecast. American Express also forecast current-quarter revenue growth of 8% to 10%, compared to a consensus estimate of 8.9%.
In this photo illustration, a container of Johnson’s baby powder made by Johnson and Johnson sits on a table on July 13, 2018 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading: Coca-Cola — Shares of Coca-Cola jumped more than 2.5% in midday trading after the beverage
Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of E-Trade whipsawed during extended trade Thursday, first climbing about 4% immediately after the market close before slipping and settling about 1.4% below the closing price following the company’s third-quarter earnings
Morgan Stanley headquarters in Times Square, New York. Source: Morgan Stanley Check out the companies making headlines in midday trading: Netflix – Shares of the streaming service rose 3.4% after Netflix reported mixed third-quarter earnings results, beating Wall Street’s expectation for earnings and international subscriber growth but just missing on both revenue and domestic subscriber growth.
Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of Netflix surged more than 9% during extended trading after the company had a third-quarter earnings beat, though fell just shy of revenue estimates. The streaming giant posted earnings of $1.47
A Bank of America sign is displayed at the entrance of a branch in New York. Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Bank of America — Shares of Bank of America rose 2% after reporting third-quarter profit and revenue that beat analysts’ estimates. The bank’s consumer
United Airlines planes at Newark Liberty International Airport Leslie Josephs | CNBC Check out the companies making headlines after the bell: Shares of United Airlines climbed more than 2% during extended trading after the airline raised its full year adjusted earnings guidance range to between $11.25 and $12.25 per share. Analysts estimated full-year earnings of
UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading: UnitedHealth — Shares of UnitedHealth soared nearly 8% after beating analysts’ estimates for quarterly profit and revenue and raising its 2019 earnings
Check out the companies making headlines before the bell: Boeing – Chief Executive Officer Dennis Muilenburg was stripped of his chairman’s title, in a move the company said was designed to allow Muilenburg to focus on returning the grounded 737 Max jet to service. Facebook – Facebook’s planned libra cryptocurrency is seeing more defections, with
HP logo, at Hewlett-Packard pavilion, during theMobile World Congress day 3, on February 28, 2018 in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images) NurPhoto | NurPhoto | Getty Images Check out the companies making headlines in midday trading: Blackstone – Shares of the alternative asset manager shed 1.5% following a downgrade to neutral