Check out the companies making headlines after the bell : Broadcom — Shares fell 5% after the chipmaker reported fiscal second-quarter revenue of $22.19 billion, coming in below the $22.27 billion analysts polled by LSEG had expected. This marked Broadcom’s first revenue miss since December 2024. The company’s $7.18 billion infrastructure revenue also missed the…
A view of a Bitcoin ATM at Northgate Mall on Feb. 5, 2026 in San Rafael, California. Justin Sullivan | Getty Images Bitcoin prices fell to their lowest levels since early April on Tuesday after a decline spurred by crypto treasury company Strategy selling a small amount of its bitcoin holding intensified. Traders on prediction…
Goldman Sachs is officially preferring mainland Chinese stocks to those traded in Hong Kong. The investment bank on Wednesday cut its rating on H shares to market-weight from overweight, while staying overweight on mainland China’s A shares — as a way to play artificial intelligence hardware. Most of China’s AI semiconductor companies and their suppliers…
Morgan Stanley’s office in Canary Wharf financial district on Jan. 30, 2025 in London, UK. Mike Kemp | In Pictures | Getty Images Morgan Stanley will soon open a key wealth management funnel to artificial intelligence agents from thousands of corporations, CNBC has learned exclusively. It’s one of the earliest instances of a major Wall…
Check out the companies making the biggest moves premarket: Private equity firms — The group fell after Bloomberg News reported Partners Group, a Swiss-based private equity firm, capped withdrawals from one of its private equity funds. Blackstone fell 6%, while KKR tumbled more than 5.5%. Blue Owl Capital was off nearly 4%. Palo Alto Networks…
The new Chairman of the Federal Reserve Kevin Warsh departs from the East Room of the White House after a swearing in ceremony in Washington, DC on May 22, 2026. Aaron Schwartz | AFP | Getty Images Federal Reserve Chair Kevin Warsh has hired two conservative economic policy researchers to work with him at the…
Goldman Sachs CEO David Solomon said Tuesday that investors have shifted decisively into “greed” mode as markets are poised to test an unprecedented fundraising wave for giant artificial intelligence firms. Asked by CNBC’s Leslie Picker whether markets could support a string of massive equity offerings from the upcoming initial public offerings of OpenAI, Anthropic and…
Los Angeles Mayor Karen Bass (L) and Los Angeles mayoral candidate Spencer Pratt. Los Angeles Times | Getty Images Los Angeles voters are heading to the polls Tuesday to elect their next mayor, a race that has put all eyes on the nation’s second-largest city. But if no one reaches more than 50% of the…
A few months after taking over from Warren Buffett , Greg Abel is making it clear he intends to put Berkshire Hathaway ‘s cash hoard to work. In the span of just a few days, Berkshire committed nearly $17 billion across two major transactions, agreeing to acquire homebuilder Taylor Morrison Home for $6.8 billion, excluding…
Check out the companies making headlines before the bell: Marvell Technology — Shares surged 25% after Nvidia CEO Jensen Huang said Marvell could be the next trillion dollar company . Hewlett Packard Enterprise — The information technology stock surged 25% after Hewlett Packard posted current-quarter earnings and revenue guidance that topped analysts’ estimates. The company…
