Stocks making the biggest moves after hours: Yelp, Activision, Hertz, Disney and more
Check out the companies making headlines after the bell: Yelp stock plunged 27 percent in the extended session after the company missed revenue expectations for the third quarter and also provided weak guidance. The company reported $241 million in revenue,...
Shoemaker Crocs rockets 27% as demand for clogs drives surprise profit
Shares of shoemaker Crocs rallied 27 percent Thursday after CEO Andrew Rees said strong clog sales helped the company post a surprise profit in the third quarter. “Clogs grew in every region. Our North American results were particularly strong as...
Stock market will plunge if Fed doesn’t hike rates in December, predicts ex-Wells Fargo CEO
If the Federal Reserve doesn’t raise interest rates in December, it could cause turmoil the stock market, former Wells Fargo CEO Dick Kovacevich told CNBC on Thursday. The central bank has recently come under attack by President Donald Trump, who...
Fed unwavering in message that interest rates will keep going higher
The Federal Reserve made clear it sees a near perfect environment to keep raising interest rates and that it was undeterred by recent market volatility. Strategists viewed the Fed’s post-meeting statement Thursday as slightly hawkish, which means in favor of...
Fed leaves rates unchanged, notes slowing in business investment
In its first meeting since October’s market turmoil and this week’s midterm elections, the Federal Reserve voted to maintain the current level of its benchmark interest rate. The policymaking Federal Open Market Committee, as expected, unanimously approved keeping the federal...
J.P. Morgan sees three potential long-term stock winners from blockchain
Despite blockchain’s corporate buzz this year, the technology can be tricky to get exposure to as an investor, unless you’re buying bitcoin. To give clients some less controversial options, J.P. Morgan named three public companies who are potential long-term winners...
Interest rates could hit new decade high even if Fed does nothing at its meeting
The Federal Reserve could make no new comment at all after its meeting and still sound hawkish, sending the bond market into a tizzy. “If the Fed reaffirms that it’s going to keep going after all that stock market...
US weekly jobless claims edge lower, in line with expectations
The number of Americans filing for state unemployment benefits fell slightly from the previous week, highlighting the increasingly tight labor market. First-time claims for state unemployment benefits totaled 214,000 in the week ended November 3, matching expectations of economists polled...
US weekly jobless claims fall slightly to a 45-year low
New applications for U.S. unemployment fell slightly last week and the number of Americans receiving benefits remained at a 45-year low as strong labor market conditions continued. Initial claims for state unemployment benefits dropped by 1,000 to a seasonally adjusted...
Chinese tech CEO predicts ‘exponential’ growth in financial technology
Financial technology has reached a tipping point for China’s Ping An Technology and future growth in that area is set to be exponential, according to CEO Ericson Chan. Years of investment and research into fintech is paying off, Chan told...
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