Today: September 16, 2024
Today: September 16, 2024

Latest From Chibuike Oguh

Business

Salesforce shares jump as strong cloud demand drives stellar results

Salesforce Inc's stock jumped by about 10% on Thursday to a nearly two-year high after the U.S. cloud and business software company reported stellar third quarter

Salesforce shares jump as strong cloud demand drives stellar results
Business

Birkenstock shares extend rally, hit IPO price for first time

Shares of German sandal maker Birkenstock extended their gains on Wednesday, hitting the initial public offering price for the first time, following a buoyant

Birkenstock shares extend rally, hit IPO price for first time
Business

ChargePoint's stock slumps to record low after revenue warning, executive changes

ChargePoint Holdings' stock slumped by nearly 38% to a record low on Friday after the electric vehicle (EV) charging network slashed its third quarter revenue

ChargePoint's stock slumps to record low after revenue warning, executive changes
Business

Intel jumps to 17-month high after Mizuho analyst upgrade

Shares of Intel rose by more than 6% on Thursday, hitting their highest level in 17 months, after analysts at Mizuho Securities upgraded the semiconductor giant

Intel jumps to 17-month high after Mizuho analyst upgrade
Business

EV maker Fisker plunges to all-time low after cutting production target

Shares of Fisker Inc fell by more than 24% to an all-time low on Tuesday after the electric-vehicle startup slashed its production targets as it struggles to ramp

EV maker Fisker plunges to all-time low after cutting production target
Business

B. Riley shares plummet after investment losses, ratings downgrade on Franchise Group

Shares of financial services

B. Riley shares plummet after investment losses, ratings downgrade on Franchise Group
Business

Spirit Aero shares fall on new capital raise plans

Shares of Spirit AeroSystems dropped by nearly 15% on Wednesday after the embattled aerospace supplier unveiled offerings that aimed to raise up to $400 million

Spirit Aero shares fall on new capital raise plans
Business

Affirm shares jump on expanded partnership with Amazon

Affirm Holdings's stock rose by nearly 18% on Thursday after ecommerce giant Amazon announced that its business-to-business store would begin offering the buy-now

Affirm shares jump on expanded partnership with Amazon
Business

Nvidia shares drop after report of canceled China orders

Shares of Nvidia Corp dropped by about 5% to a near five-month low on Tuesday following a Wall Street Journal report that the artificial intelligence (AI) giant

Nvidia shares drop after report of canceled China orders
Business

Blackstone's Q3 profit drops 12% on weak asset sales, misses estimates

Blackstone Inc, the world's largest private equity firm, said on Thursday that its third-quarter distributable earnings fell by a steeper-than-expected 12% year-

Blackstone's Q3 profit drops 12% on weak asset sales, misses estimates
Business|Economy

Wall Street stocks close slightly lower; jobs data strong but rates still high

Wall Street stocks ended slightly lower on Friday in choppy trading after stronger-than-expected U.S. jobs data pointed to a robust economy but prompted worries

Wall Street stocks close slightly lower; jobs data strong but rates still high
Business|Economy

S&P 500, Nasdaq close slightly down ahead of US payrolls data

The S&P 500 and Nasdaq composite finished a shade lower on Thursday ahead of a key labor market report, retreating from record highs reached in the previous

S&P 500, Nasdaq close slightly down ahead of US payrolls data
Business|Economy

Wall Street stocks end slightly higher as weak jobs data supports rate cut

U.S. stocks ended a shade higher on Tuesday following softer-than-expected labor market data that reaffirmed expectations of an interest rate cut by the Federal

Wall Street stocks end slightly higher as weak jobs data supports rate cut
Business|Economy

Wall Street ends slightly higher after soft manufacturing data, NYSE glitches

S&P 500 and the Nasdaq edged higher in a choppy session on Monday amid soft manufacturing sector data and as a glitch on the NYSE briefly caused trading halts in

Wall Street ends slightly higher after soft manufacturing data, NYSE glitches
Business|Economy

Trump Media shares fall after Donald Trump's hush money conviction

(In MAY 30 story corrects closing price to read $51.84 (not $51.12) in paragraph 2; corrects to show IPO launched via merger with a SPAC in paragraph 4; corrects highest close to read $66.22 (not $

Trump Media shares fall after Donald Trump's hush money conviction
Business|Economy

KKR's earnings rise 20% on strong management fees, annuities business

Private equity firm KKR & Co Inc said on Wednesday its first-quarter adjusted net income jumped 20% year-on-year, driven by strong management and transaction fees

KKR's earnings rise 20% on strong management fees, annuities business
Business|Economy

Carlyle Group reports 59% jump in Q1 earnings

Carlyle Group said on Wednesday its first quarter distributable earnings jumped nearly 59% year-on-year driven by strong asset sales across its private equity

Carlyle Group reports 59% jump in Q1 earnings
Economy

US regional banks earn more on loans but warn on rising deposit costs

Several U.S. regional banks beat analysts third-quarter profit expectations on Wednesday as higher interest rates allowed them to charge more for loans, although

US regional banks earn more on loans but warn on rising deposit costs
Business|Economy|Technology

S&P 500, Nasdaq close at record highs as data supports Fed easing

The S&P 500 and Nasdaq indexes hit record closing highs on Wednesday, powered mainly by technology stocks as markets digested economic data that could support a

S&P 500, Nasdaq close at record highs as data supports Fed easing
Business|Economy|News|World

Wall Street stocks fall as markets weigh strong wage data, Fed meeting

U.S. stocks ended lower on Tuesday as markets weighed economic data showing rising labor costs and deteriorating consumer confidence on the day of a key Federal

Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Business|Economy|News

Wall Street stocks finish higher as investors focus on Fed moves

U.S. stocks ended higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the

Wall Street stocks finish higher as investors focus on Fed moves
Business|Economy|News|Technology

Wall Street shares close up as megacap tech stocks rally

U.S. stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and

Wall Street shares close up as megacap tech stocks rally
Business|Economy|News

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
Business|Economy|News

S&P 500 ends higher as markets weigh rising yields, upbeat corporate results

Benchmark S&P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from

S&P 500 ends higher as markets weigh rising yields, upbeat corporate results
Business|Economy|News

Wall Street closes higher as investors digest earnings, megacap outlook

U.S. stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other

Wall Street closes higher as investors digest earnings, megacap outlook

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