Latest news, breaking stories
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Air travel in the United States is back. That’s great news for airline stocks, which have rallied this year on hopes that domestic trips would make a return. What’s happening: […]
Continue Reading
(CNN Business)Elon Musk is sending bitcoin’s price on another volatile ride. The price of bitcoin is surging after Tesla (TSLA) CEO Elon Musk tweeted Sunday that the electric car company would start accepting the cryptocurrency again once at least half of it can be mined using clean energy. “When there’s confirmation of reasonable (~50%) clean […]
Continue Reading
AbbVie (ABBV) announced Friday results from a four-year follow-up analysis of the Phase 3 CLL14 trial. The new data shows that AbbVie’s VENCLYXTO/VENCLEXTA fixed duration combination demonstrates sustained progression-free survival or PFS in chronic lymphocytic leukemia or CLL patients after three years off treatment. CLL is a slow-growing form of leukemia, or blood cancer, in […]
Continue Reading
Check out the companies making headlines after the bell: Chewy — Shares of Chewy fell about 2% after hours despite the company's first-quarter financial results beating Wall Street's estimates. The pet-product retailer reported first-quarter earnings of 9 cents per share on revenue of $2.14 billion. Analysts were looking for a loss of 3 cents per […]
Continue Reading
Overnight on Wall Street, the Dow Jones Industrial Average declined more than 150 points, marking its third down session in a row. The U.S. consumer price index for May, set to be reported at 8:30 a.m. ET Thursday, is expected to show headline inflation at 4.7% — the fastest pace since 2008. SINGAPORE — Shares […]
Continue Reading
Market volatility and the next moves by central banks have to be watched "very carefully," veteran investor Mark Mobius has warned. He described "crazy moves" in assets such as bitcoin as being driven by "disorientation and confusion." Market volatility and the next moves by central banks have to be watched "very carefully," veteran investor Mark […]
Continue Reading
New York (CNN Business)The historic agreement from the world’s richest nations to impose a global minimum tax doesn’t pose much of a threat to Corporate America’s bottom line. In a win for President Joe Biden, G7 nations announced their support last weekend to impose a global minimum tax rate of at least 15%. Treasury Secretary […]
Continue Reading
Take a look at some of the biggest movers in the premarket: Stitch Fix (SFIX) – Stitch Fix lost 18 cents per share for its first quarter, smaller than the 27 cents a share loss that analysts were anticipating. The online clothing styling company's revenue came in above estimates. Stitch Fix also issued an upbeat […]
Continue Reading
One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 194,000 shares of Pluristem Therapeutics Inc. (NASDAQ: PSTI) on Friday, as the share price of this fund traded up 0.9% in the day’s session. The fund’s share price has greatly improved over the past year. ARK Next Generation Internet ETF (NYSEARCA: ARKW) […]
Continue Reading
The futures were positive on Friday, as we complete the first trading week of June. Investors were once again on a wild roller-coaster trading ride Thursday, as the meme stocks were once again front and center. AMC Entertainment Holdings Inc. (NYSE: AMC) was all over the map, at one point trading down to $33.76 and […]
Continue Reading