Chinese internet companies don’t have enough compute to power their artificial intelligence ambitions — and they aren’t about to buy Nvidia outright. That’s a key takeaway from the latest earnings season. Alibaba reported cloud-related revenue surged by 34% year-on-year to the equivalent of $5.6 billion. Management said demand was outstripping supply, and indicated they might…
Check out the companies making headlines in midday trading: Netflix , Warner Bros. Discovery — Shares of Netflix pulled back almost 3%, while Warner Bros. Discovery added almost 4% in midday trading after the streaming giant said Friday it’s reached a deal to buy WBD for $27.75 per share. But trading has been volatile as…
Bitcoin’s sharp pullback from its recent record high wiped out its year-to-date gains, and that’s led to questions about aggressive price targets for the cryptocurrency into 2026. But as important as where bitcoin’s price goes next is a question about the role bitcoin really serves in a portfolio: When will it consistently behave like a…
Check out the companies making headlines before the bell. Netflix , Warner Bros. Discovery — Shares of Netflix and Warner Bros. Discovery pulled back almost 3% and roughly 1%, respectively, after the streaming giant said Friday it’s reached a deal to buy WBD for $27.75 per share. Rubrik — Shares jumped nearly 19% after the…
Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images Visa is moving its European headquarters to London’s financial district, hot on the heels of an announcement by JPMorgan that it will build a landmark tower in an area considered to be the city’s answer to Wall Street….
As Yieldstreet tries to distance itself from a rocky past with a new name and ad campaign, its customers are dealing with a present reality that is increasingly dire. The private markets investing startup, freshly rebranded as Willow Wealth, last week informed customers of new defaults on real estate projects in Houston, Texas, and Nashville,…
Anthony Noto, CEO of SoFi, speaking with CNBC at the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 10th, 2025. David A. Grogan | CNBC SoFi shares fell almost 6% in extended trading Thursday after the fintech company announced a $1.5 billion stock offering. The company, which provides online…
Check out the companies making headlines in after-hours trading. Ulta Beauty — Shares of the beauty retailer rose nearly 6% after outpacing Wall Street’s expectations for the fiscal third quarter and raising its forecasts for the full fiscal year. Ulta expects revenue for the year to be $12.3 billion, up from a prior range of…
Check out the companies making the biggest moves midday: Meta Platforms — The Facebook and Instagram parent advanced 4%. Managers led by CEO Mark Zuckerberg are weighing cuts as deep as 30% in Meta’s “metaverse group” in 2026, Bloomberg reported. Kroger – The Cincinnati-based supermarket chain dropped 6.5% after third-quarter revenue lagged Street estimates, identical…
Check out the companies making the biggest moves in premarket trading: Salesforce — The software company raised its fourth-quarter revenue guidance, sending shares nearly 2% higher. Salesforce now expects revenue between $41.45 billion and $41.55 billion. Its third-quarter results were mixed. Snowflake — The cloud-based data storage company tumbled 8.6% after its outlook for product…
