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Check out the companies making headlines in after-hours trading: Domino’s Pizza , Ulta Beauty â Shares surged about 8% after Berkshire Hathaway announced a new stake in the pizza chain in a regulatory filing. The Warren Buffett-led firm bought more than 1.2 million shares, making the stake worth around $550 million at the end of […]
Federal Reserve Chairman Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in remarks for a speech
Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates Read More »
[The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Thursday to business leaders in the Dallas-Fort Worth area on monetary policy. Powell is delivering a speech followed by a Q-and-A session. The appearance
Watch Fed Chair Powell speak live to business leaders in the Dallas area Read More »
Check out the companies making headlines in midday trading: Disney â The media stock popped 7% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. The company said it expects high-single-digit adjusted earnings growth in fiscal 2025. Capri , Tapestry â Both luxury apparel stocks rose after the companies called off their
Stocks making the biggest moves midday: Tapestry, Capri, Disney and more Read More »
Securities and Exchange Commission Chairman Gary Gensler spoke this morning at the Practising Law Institute’s 56th annual conference on securities regulation. It sounded awfully close to a farewell speech. “It’s a remarkable agency,” Gensler said of the SEC, which he has led since April, 2021. “It’s been a great honor to serve with them, doing
Check out the companies making headlines before the bell. Disney â Shares popped more than 9% after the company’s fiscal fourth-quarter results beat analysts’ estimates . For the period, Disney earned $1.14 per share, after adjustments, on revenue of $22.57 billion. That’s above earnings of $1.10 per share on revenue of $22.45 billion that analysts
Stocks making the biggest moves premarket: Disney, Cisco, ASML, Tapestry and more Read More »
LISBON, Portugal â It’s a tough time for the venture capital industry right now as a dearth of blockbuster initial public offerings and M&A activity has sucked liquidity from the market, while buzzy artificial intelligence startups dominate attention. At the Web Summit tech conference in Lisbon, two venture investors â whose portfolios include the likes
Britain’s motor finance industry is in disarray, with analysts warning of worst-case scenarios similar in magnitude to the country’s costliest consumer banking scandal. The burgeoning crisis stems back to a landmark judgement from the U.K.’s Court of Appeal in late October, when the court ruled it was unlawful for car dealers to receive bonuses from
BEIJING â Beijing-based Shengshu Technology on Wednesday said that its artificial intelligence-powered text-to-video tool Vidu will now be able to generate videos by combining images. Vidu already allows users worldwide to create 8-second clips based on written prompts. While OpenAI â the maker of ChatGPT â in February revealed that its AI model Sora could
Chinese AI startup takes aim at OpenAI's Sora with image-to-video tool launch Read More »
Check out the companies making headlines in extended trading. CNH Industrial â Shares popped nearly 8% after Greenlight Capital’s David Einhorn at CNBC’s Delivering Alpha conference told attendees he took a medium-sized position in the agricultural equipment company. Cisco Systems â Shares inched lower by less than 1% even after Cisco Systems posted a beat
