These are the stocks posting the largest moves in early trading.
Category: Finance News
Fintech firm Klarna halves net loss in first quarter as it races toward profitability
The results show that Klarna is making “significant strides” toward profitability on a monthly basis by the second half of 2023, the firm said.
A U.S. recession would be ‘good news’ for markets, strategist says
A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management.
China’s gambling hub opens $2 billion resort with a giant copy of London’s Big Ben
Macao — often referred to as the Las Vegas of Asia — has added yet another luxury casino resort to the Cotai Strip. And this time it’s a British-themed one.
‘Price bubble’ in A.I. stocks will wreck rally, economist David Rosenberg predicts
Long-time bear David Rosenberg warns the artificial intelligence boom could collapse like late 1990s dot-com stocks.
China’s travel recovery gets more attention, but India’s outbound market is ‘booming’ even faster
India’s outbound travel market is growing much faster than any other outbound market in the world, according to Agoda’s CEO, Omri Morgenshtern.
How one family turned a job loss into an opportunity to sail the world
For Lisa Terauchi-D’Rozario and her family, change was abrupt. Within a year of her husband losing his job, her family was sailing the Mediterranean full time.
JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
Banks including Goldman Sachs and Morgan Stanley are testing A.I. internally, but JPMorgan may be the first to release a GPT-like product directly to customers.
Nvidia shares explode, powered by a strong sales forecast. Here’s how to play it
Pros on CNBC discussed Nvidia after the company posted a big earnings beat and rosy guidance.
Luxury brands are moderating ‘but off a very high base’, says Telsey Advisory Group’s Dana Telsey
Dana Telsey, Telsey Advisory Group CEO, joins ‘Closing Bell Overtime’ to discuss the state of retail and luxury consumer trends that may not be telling the full story.