Finance

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
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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
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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
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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
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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
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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
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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
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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,
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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,
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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
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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,
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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
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