Shares of toy maker Mattel plunged more than 15 percent on Friday after the company posted weaker-than-expected full year 2019 guidance during an analyst meeting in New York. The company said it expects adjusted EBITDA to be in a range of $350 million to $400 million for 2019, below analysts expectations of $551.6 million, according

Check out the companies making headlines midday Friday: XPO Logistics – XPO stock tanked a whopping 17 percent after the transportation company reported disappointing fourth-quarter results. Its earnings came in eight cents shy of estimates with adjusted quarterly profit of 72 cents per share, and the company’s revenue also fell short of expectations. XPO also

Instead of trying to beat a wave of high-growth financial technology startups at their own game, a group of small banks is opting to join them. These low profile community banks quietly run the plumbing underneath billion-dollar fintech firms like Square, Stripe and Robinhood — handling mundane banking activities for them like holding customer deposits

Chinese ride-hailing giant Didi Chuxing is planning to lay off about 2,000 people, or 15 percent of its workforce, this year, a source familiar with the situation said Friday. That confirmed earlier Chinese media reports that Didi CEO Cheng Wei said in an internal meeting Friday that the company is preparing for difficult times. Didi

Check out the companies making headlines after the bell: NVIDIA shares jumped more than 9 percent after hours Thursday based on the chip company’s better-than-expected fourth-quarter earnings. The company posted earnings of 80 cents per share on revenue of $2.21 billion. Wall Street estimated earnings of 75 cents on revenue of $2.2 billion. The company

Economists slashed fourth-quarter GDP forecasts Thursday, and now see growth closer to 2 percent than 3 percent, after a surprise drop in December retail sales. According to the CNBC/Moody’s Analytics Rapid Update, economists in the survey see growth tracking at a median 2.4 percent pace, down 0.7 percentage points. December’s retail sales fell 1.2 percent,

Binance, the world’s largest cryptocurrency exchange by trading volume, is still profitable despite last year’s market meltdown, its chief financial officer said. Last year saw the prices of major virtual currencies plunge dramatically. Bitcoin, the most valuable crypto, is down 80 percent from a near-$20,000 record high it set in December 2017. “To date, even

A bear market could be just the beginning of the pain for most cryptocurrencies, according to one widely followed industry expert. Barry Silbert, CEO and founder of Digital Currency Group and Grayscale Investments, said besides bitcoin the majority of the once blazing hot crypto market will eventually be worthless. “I’m not a believer in the

Check out the companies making headlines midday Wednesday: Diebold Nixdorf — Shares of the ATM maker surged more than 30 percent after reporting a better-than-expected quarterly revenue and upbeat guidance for 2019. Diebold expects adjusted earnings before interest, taxes, appreciation and amortization to range between $380 million and $420 million, well above a FactSet estimate

Check out the companies making headlines after the bell: Shares of Activision Blizzard were volatile in extending trading Tuesday following a mixed fourth-quarter earnings report and weak outlooks for both the first quarter and full year. The stock initially fell 3 percent after the company reported earnings of $1.29 per share on revenues of $2.84

Florida Republican Sen. Marco Rubio proposes changing the capital gains tax as a way to discourage corporate buybacks, a position that could spook the stock market if other prominent Republicans get behind the idea. The capital gains tax is a new twist on the assault on corporate buybacks, which had been mainly under fire by

If Congress limits the ability of companies to buy back shares, it would backfire and likely result in more companies taking themselves private through leveraged buyouts, a Wall Street research firm said. “Going private is essentially a 100 percent buyback,” said Brian Reynolds, asset class strategist at Canaccord Genuity. He adds that CEOs are motivated

Shares of German payments firm Wirecard have suffered big losses in less than two weeks. The company drew investor attention last year when its market capitalization climbed above that of Deutsche Bank. It also made waves after the firm joined the domestic blue-chip DAX index, ousting Commerzbank. But since Jan. 30, Wirecard’s stock price has

Check out the companies making headlines after the bell: Shares of Gilead dropped as much as 5 percent after hours after the biotech company released disappointing test results from one of its chronic liver disease drugs. The company said it was “disappointed” the study did not achieve its goal but they “remain committed to advancing

Check out the companies making headlines midday on Monday: Avis Budget Group — Shares of the car-rental company jumped 7 percent after Goldman Sachs upgraded it to buy from sell, citing an attractive valuation. The analyst also sees a 36.3 percent upside for Avis over the next 12 months. Electronic Arts — The video-game maker

As bond yields fall on global growth fears, Wells Fargo is making some changes. This month, the firm cut both its year-end Federal Reserve interest rate hike forecast and bond yield targets. However, the firm’s global head of interest rate strategy said the decision has little to do with an economic slowdown abroad. “It boils

Daniel Loeb’s Third Point dissolved its stakes in Netflix, Microsoft and Alibaba as of Dec. 31, according to a Friday filing with the Securities and Exchange Commission. The hedge fund previously held 1.25 million shares of Netflix, 4.1 million shares of Microsoft and 4.05 million shares of Alibaba as of the quarter ended Sept. 30

Bank of America CEO Brian Moynihan got a 15 percent raise, the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings last year. Moynihan’s compensation rose to $26.5 million from $23 million in 2017, according to a regulatory filing Friday. That includes a $1.5 million salary and $25

The earnings deluge continues and inflation reports are due, but it will be the tone of trade talks in Beijing that could have the biggest impact on markets in the week ahead. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin head to China, as the U.S. and Chinese still appear to be far

Call it the “Powell Put” or the “Powell Pivot” or something else, but the Federal Reserve chairman’s recent change in approach to monetary policy is reverberating through the markets. In just a matter of a few months, central bank chief Jerome Powell has evolved from a hawk on interest rates — in favor of pushing

With little apparent progress in U.S.-China trade talks, the Trump administration could be about to open up a new front in the trade wars by taking on the European auto industry — and that could spook markets. U.S. negotiators head to China next week, and while there are few signs any kind of deal is

Amazon CEO Jeff Bezos stunned everyone with his revealing post accusing National Enquirer of extortion and blackmail, but analysts covering the biggest online retailer don’t really care and believe the swirling controversies won’t affect his ability to lead the Internet retailing and cloud software juggernaut. Bezos, Amazon’s single largest shareholder and the world’s richest man,

Check out the companies making headlines midday Friday: Skechers — The shoemaker’s stock jumped 18 percent after the company gave strong profit guidance for the quarter ahead. Skechers reported 2018 was “a year of record sales,” with the fourth quarter breaking above $1 billion in sales for the first time. Goodyear Tire — Shares of

The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of JPMorgan. Steve Grasso was a buyer of Westrock. Dan Nathan was a seller of Citigroup. Guy Adami was a buyer of Twitter. Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, AMZA, ACB, APC, APH, BA, BABA,

Check out the companies making headlines after the bell: Shares of Skechers surged more than 16 percent in extended trading after the company released fourth-quarter results that beat on its bottom line. The shoe company posted earnings of 31 cents per share, 8 cents more than consensus estimates of 23 cents per share. Despite higher-than-expected

A group of traders from across the U.S. who allege that J. P. Morgan Chase manipulated precious metals markets for years are one step closer to bringing a class action suit against the nation’s largest bank. Earlier this month, a federal judge said five separate lawsuits making similar allegations against the bank could be combined,

The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Array Biopharma. Karen Finerman was a buyer of the CBOE Volatility Index. Brian Kelly was a buyer of AMD. Tim Seymour was a buyer of the Oil Services ETF. Trader disclosure: Pete Najarian is long calls AA,

Sluggish productivity and widening wealth gap are the biggest challenges facing the U.S. over the next decade, Federal Reserve Chairman Jerome Powell said Wednesday. Speaking at a town hall in Washington D.C. to a group of educators, the central bank leader said his greatest economic fears lie outside the Fed’s purview. Specifically, he called for

Former Federal Reserve Chair Janet Yellen defended the central bank’s independence after months of strong criticism from President Donald Trump. “It is important for the Fed to be viewed as independent, and I worry that the comments threaten public confidence,” Yellen told CNBC’s Steve Liesman on Power Lunch Wednesday. “It’s important for the public and

When 55places.com, an online resource for active adult communities in the U.S., identified the most affordable places to retire in 2019, one sun-drenched state — Florida — stood out by landing four of the top five spots, if not the No. 1 perch itself, which goes to the most populous city in a much chillier