American Express, Intel, Silvergate Capital and more

American Express, Intel, Silvergate Capital and more

American Express, Visa and Mastercard signage is displayed in a storefront in New York. Scott Eells | Bloomberg | Getty Images Find out which companies are making headlines in the midday business. American Express – The credit card company saw its shares jump 11% after it released upbeat earnings and revenue forecasts for 2023 that … Read more

Gautam Adani’s firm loses $50 billion in market value after report on short sellers

Gautam Adani’s firm loses  billion in market value after report on short sellers

New Delhi CNN — The value of Gautam Adani’s business empire has plummeted by more than $50 billion this week since Hindenburg Research, a US firm that makes money from short selling, released a scathing report l accusing of fraud. India’s Adani Group has denounced Hindenburg’s allegations as “baseless” and “malicious”, and is considering legal … Read more

Adani shares fall further as they consider legal action against Hindenburg

Adani shares fall further as they consider legal action against Hindenburg

Adani Group Chairman and Founder Gautam Adani during the News18 Rising India Summit on February 25, 2019 in New Delhi, India. Since becoming a billionaire in 2008, Adani is now one of the richest people in the world, with a fortune of $113 billion, according to the Bloomberg Billionaires Index. Hindustan Times | Hindustan Times … Read more

Stock futures fall after Dow posts five-day winning streak

Stock futures fall after Dow posts five-day winning streak

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, January 26, 2023. andrew kelly | Reuters Stock futures fell Friday morning as investors anticipate earnings and economic reports expected later in the day. Futures contracts linked to the Dow Industrial Average fell 42 points, or 0.12%. S&P 500 … Read more

Stock futures fall after Dow posts five-day winning streak

Stock futures fall after Dow posts five-day winning streak

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, January 26, 2023. andrew kelly | Reuters Stock futures fell Friday morning as investors anticipate earnings and economic reports expected later in the day. Futures contracts linked to the Dow Industrial Average fell 42 points, or 0.12%. S&P 500 … Read more

Chevron, Tesla, Seagate Technology, United Rentals and more

Chevron, Tesla, Seagate Technology, United Rentals and more

Find out which companies are making headlines in the midday business. Seagate Technology – Shares of the data storage company jumped more than 10% a day after Seagate recorded beatings up and down for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenue of $1.89 billion. Analysts called for earnings … Read more

Nasdaq rises after strong GDP report, Tesla jumps 8%

Nasdaq rises after strong GDP report, Tesla jumps 8%

The Nasdaq Composite rose Thursday as traders combed through the latest batch of corporate earnings and fourth-quarter gross domestic product that beat expectations. Stocks were mixed, with the tech-heavy index lately rising 0.6%. The Dow Jones Industrial Average traded flat, while the S&P 500 gained 0.2%. GDP data released Thursday showed the economy grew at … Read more

S&P 500 rises after strong GDP report, Nasdaq jumps nearly 1% on Tesla results

Nasdaq rises after strong GDP report, Tesla jumps 8%

The Nasdaq Composite rose on Thursday as fourth-quarter gross domestic product beat expectations and investors analyzed the latest batch of corporate earnings. The tech-heavy index jumped 0.8%, while the Dow Jones Industrial Average traded 23 points, or 0.1%, higher. The S&P 500 rose 0.4%. GDP data released Thursday showed the economy grew at an annualized … Read more

China’s Covid wave sparks consumer interest in health insurance

China’s Covid wave sparks consumer interest in health insurance

Chuiyangliu Hospital, pictured in January 2023 in Beijing, has completed renovations in recent years that have seen the number of daily patents increase sixfold to 5,000 a day, according to official estimates. Yin Hon Chow | CNBC BEIJING — High on the shopping list for anyone in their late 20s or older in China is … Read more

Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more

Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more

A customer fills up at a Chevron gas station with prices above $4 a gallon in Seattle, Washington, U.S., Monday, March 7, 2022. david ryder | Bloomberg | Getty Images Find out which companies are making headlines after the bell. You’re here – Shares rose 0.4% in volatile trading after the electric vehicle maker reported … Read more