Several weak quarterly earnings reports highlighting the negative effect of higher interest rates soured investor sentiment on the industry.
Category: Finance News
It’s time to buy the dip in this private equity stock, analysts say
Wall Street analysts are recommending investors scoop up shares of Blackstone after a sharp decline on Thursday.
Fed’s Raphael Bostic doesn’t foresee rate cuts coming until ‘late 2024’
The central bank official told CNBC that there’s still a lot of work to be done before the Fed reaches its inflation goal of 2% annually.
Stocks making the biggest premarket moves: SolarEdge, Intuitive Surgical, Knight-Swift and more
These are the stocks posting the largest moves in the premarket.
Coinbase is ‘confident’ a U.S. bitcoin ETF will be approved after SEC’s court defeat
Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the Securities and Exchange Commission, its chief legal officer told CNBC.
After blockbuster Microsoft deal, gaming giants are still sitting on $45 billion cash hoard
Activision Blizzard, Electronic Arts and other public gaming firms hold $45.1 billion in cash and cash equivalents, according to venture capital firm Konvoy.
Turbine troubles have sent wind energy stocks tumbling — and a slew of issues remain
As the biggest players in wind energy gear up to report quarterly earnings, supply chain issues and reliability concerns are front and center.
Stocks making the biggest moves after hours: SolarEdge, Knight-Swift Transportation and more
These are the stocks posting the largest moves in extended trading.
Tesla tumbles after posting quarterly results. Here’s what the pros say
Pros on CNBC discussed Tesla after the electric vehicle maker reported third-quarter earnings that missed on the top and bottom lines.
S&P 500 to mount ‘relief rally’ to new record before year end, says Piper Sandler chart analyst
Piper Sandler is bullish on the strength of the broader market as the S&P 500 holds above the 4,200 level.