GE Healthcare shares sank Tuesday after the company’s first-quarter sales and profits fell slightly short of the Wall Street consensus. The shortfall is disappointing, but the stock’s steep sell-off is an overreaction and creates an opportunity for investors. Total revenue dipped 1% year over year to $4.65 billion, missing analysts’ expectations of $4.8 billion, according to
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In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Adam Selipsky, CEO of Amazon Web Services, speaks during the Bloomberg Technology Summit in San Francisco on June 22, 2023. David Paul Morris | Bloomberg | Getty Images Amazon said Tuesday that revenue from its cloud unit grew 17% year over year in the first
In this article AMD Follow your favorite stocksCREATE FREE ACCOUNT Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters Advanced Micro Devices reported first-quarter earnings and sales on Tuesday that were
In this article SMCI Follow your favorite stocksCREATE FREE ACCOUNT Lisa Su, chair and CEO of Advanced Micro Devices, left, and Charles Liang, CEO of Super Micro Computer, speak at the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg | Getty Images Super Micro shares slipped
Amazon reported a strong first quarter after the closing bell Tuesday. Shares rose more than 1% following the release. The upside, however, was tempered by a lower-than-expected outlook. Revenue increased 13% year-over-year to $143.31 billion, beating expectations for $142.5 billion, according to estimates compiled by LSEG. Earnings per share based on generally accepted accounting principles
Starbucks shares plummeted Tuesday evening by roughly 11.5% after the coffee giant delivered a much weaker-than-expected quarter. The company also cut its outlook for fiscal 2024, leaving little room for optimism of a quick rebound in traffic at its stores. Revenue fell 2% year over year to $8.56 billion in the fiscal 2024 second quarter,
In this article GOOG GOOGL SNAP META Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Shares of Pinterest popped 18% in extended trading Tuesday after the company reported first-quarter results that beat analysts’ estimates and showed its fastest revenue growth since 2021. Here’s how the company did, compared to LSEG
Exhibition of Aston Martin DB11 during the Turin Motor Show 2018. Stefano Guidi | LightRocket | Getty Images LONDON — Luxury carmaker Aston Martin on Wednesday reported widening losses in the first quarter, as the company stopped production of its core models ahead of a launch a new range of vehicles later this year. Shares
ARK Invest is betting big on private tech companies. “It’s an amazing time to invest in innovation,” the firm’s chief futurist, Brett Winton, told CNBC’s “ETF Edge” this week. “Both venture exposures and public innovation companies are incredibly well valued today to take a long-term investment.” Winton worked with the ARK Invest team to create
Nio Founder and CEO William Li poses outside of the New York Stock Exchange to celebrate his company’s IPO. Photo: NYSE BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly branded cars this year. Nio’s first such mass market car will
Former US President Donald Trump speaks to members of the media at Manhattan criminal court in New York, US, on Thursday, April 25, 2024. Jeenah Moon | Via Reuters Former President Donald Trump’s political operatives are putting together a plan that would give him unprecedented influence over the Federal Reserve, including a plan that could
South Pointe Beach in Miami Beach, Florida. Greg Iacurci MIAMI — Daniel Habibian worries about climate change. His clothing boutique in Miami Beach’s iconic South Beach neighborhood sits just a few blocks inland from the Atlantic Ocean. Rising seas threaten to swallow much of the Miami metro area in the coming decades as the world
ARK Invest’s chief futurist lists five groups that should give tech investors an edge. According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key areas because they’re all entering the marketplace at the same time. “We believe that this is a unique time in technological economic history,” he told
Elon Musk, CEO of Tesla and owner of social media site X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023. Gonzalo Fuentes | Reuters BEIJING — Local Chinese authorities have removed restrictions on Tesla cars
The HSBC Holding logo is being displayed on a smartphone with HSBC visible in the background in this photo illustration taken in Brussels, Belgium, on February 20, 2024. Jonathan Raa | Nurphoto | Getty Images HSBC beat market expectations in its first quarter earnings report on Tuesday, and announced the surprise departure of Group Chief
An Amazon worker walks past his Amazon Prime delivery truck in Washington, DC, on February 19, 2022. Stefani Reynolds | Afp | Getty Images Check out the companies making headlines in extended trading. Amazon — Shares gained nearly 2% after the company beat on both top and bottom lines. Amazon posted earnings of 98 cents
In this article .VIX Follow your favorite stocksCREATE FREE ACCOUNT A new ETF designed to shield investors from the risk of market volatility starts trading on Wednesday. The Calamos S&P 500 Structured Alt Protection ETF (CPSM) promises to deliver investors “100% downside protection” against the index’s losses over a one-year outcome period, according the firm’s
Photo Of Robot Examining Invoice With Magnifying Glass. Andreypopov | Istock | Getty Images Even as the IRS makes headlines for cracking down on the wealthy, state tax collectors have become even more aggressive with audits of high earners, according to tax attorneys and accountants. In New York, the tax department reported 771,000 audits in
A water slide on Savannah, a 274-foot hybrid superyacht. Courtesy of Northrup & Johnson A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Superyachts sales took a dive in 2023, as long
Yana Iskayeva | Moment | Getty Images The uber wealthy live a world apart and their investing strategies also look vastly different from the average investor’s portfolio. “While there is no official threshold, centimillionaires or individuals with a total net worth of over $100 million, is a good benchmark as entry into the 0.001% club,”
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