Disney store can be seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines Wednesday after the bell: Walt Disney – Shares of the entertainment company rose 5.8% after Disney booked better-than-expected Disney+ subscriptions in the previous quarter. Subscriptions came in at 152.1 million, above StreetAccount’s expected 147.76 … Read more
Check out some of the biggest movers in the premarket: Novavax (NVAX) – The drugmaker’s stock in the premarket plunged 32.3% after an unexpected quarterly loss and halving its full-year revenue forecast. Novavax said it did not expect further US sales of its Covid-19 vaccine this year amid weak demand and oversupply. GoodRx (GDRX) – … Read more
According to market forecaster Jim Bianco, Washington’s efforts to curb inflation will fall especially short this year. And he believes this week’s key inflation data will help prove it. “I don’t see anything that will lower inflation. There are some things that could lower prescription drug prices and maybe a few other things,” the president … Read more
Check out some of the biggest movers in the premarket: Palantir (PLTR) – Shares of the data analytics company plunged 15.6% in premarket trading after it reported an unexpected quarterly loss, lowering its full-year forecast due to the uncertain timing of some government contracts. Signify Health (SGFY) – CVS Health (CVS) is planning a bid … Read more
An Andy Warhol-esque print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing booth at Berkshire Hathaway Inc’s first in-person annual meeting since 2019 in Omaha, Nebraska, US April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway’s corporate profits rose in the second quarter despite fears of slowing growth, but the Warren Buffett conglomerate … Read more
The logo for Coinbase Global Inc, the largest US cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others in Times Square in New York, US, April 14, 2021. Shannon Stapleton | Reuters Shares of Coinbase rose Thursday after the crypto exchange announced a partnership with BlackRock, allowing institutional customers to buy bitcoin. Coinbase … Read more
Check out the companies making headlines after the bell: Pinterest – Shares of the image-sharing company rose more than 19% despite a miss at the top and bottom, as activist investor Elliott Management revealed it is now the largest investor. The company also beat monthly estimates of active users. Simon Property Group – Simon Property’s … Read more
Shares rose on Wednesday after the Federal Reserve announced its long-awaited 0.75 percentage point rate hike to fight inflation, but hinted it could slow the pace of its walking campaign at some point. The Dow Jones Industrial Average rose 436.05 points, or nearly 1.4%, to 32,197.59. The S&P 500 gained 2.62% and closed at 4,023.61 … Read more
