CompaniesBIO

In this article TSLA BABA LVS WYNN SBUX CAR MYOV T Follow your favorite stocks CREATE FREE ACCOUNT People wait in line at Avis rental agency in the Miami International Airport Car Rental Center. Joe Raedle | Getty Images Check out the companies making the biggest moves midday: Tesla — Shares of the electric vehicle company fell 3.2% after Tesla cut the starting prices for some of its vehicles in China. The price decreases apply to Model 3 and Model Y cars. CEO Elon Musk said last week that he saw signs of a recession in China. WeWork — Shares of WeWork rallied 4.3% after Cantor Fitzgerald initiated coverage of the stock with an overweight rating. Cantor said that the office-sharing company's cost and optimization of its real estate portfolio cut $2.7 billion in expenses. Alibaba , Pinduoduo — Shares of Chinese companies listed in the U.S. dropped sharply Monday after Beijing tightened President Xi Jinping's grip on power, souring investor sentiment for non-state-driven com...

Locals wearing personal protective equipment (PPE) line up to enter a specialized hotel for medical observation and quarantine in Zhengzhou city on Nov. 1, 2022. Vcg | Visual China Group | Getty Images BEIJING — Chinese stocks rallied this week as investors hoped Beijing would soon relax its stringent Covid policy. The Shanghai composite gained 5% during the week. The Hang Seng Index notched weekly gains of well over 8%, bouncing back from 13-year lows hit in the last two weeks. The Chinese government has yet to announce any official policy change. Covid-related restrictions on travel, regular virus testing requirements and other measures generally remained just as tight. However, the stock rally that accelerated Friday followed multiple unconfirmed rumors of a coming Covid policy change. "The rally that we saw this morning was primarily triggered by the hope for reopening to happen earlier than expected," Zhiwei Zhang, president and chief economist at Pinpoint Asset Manage...

In this article BAC AXP Follow your favorite stocks CREATE FREE ACCOUNT Shoppers carry bags in San Francisco, California, on Thursday, Sept. 29, 2022. David Paul Morris | Bloomberg | Getty Images U.S. consumers have demonstrated a willingness to continue to pay higher prices in the face of a sluggish economy that could be tipped into a recession, according to credit card giants American Express and Bank of America. American Express on Friday reported stronger-than-expected third -quarter earnings and revenue, while raising its full-year forecast. The company said overall customer spending jumped 21% year over year, driven by growth in goods and services as well as travel and entertainment. The demand for travel is particularly resilient as Americans make up for postponed trips due to the pandemic. Consumers are also splashing out on food and entertainment after pandemic lockdowns eased. American Express said its travel and entertainment segment saw spending climb 57% from a year ago ...

S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of the Snapchat parent company cratered 30% after missing revenue estimates and sharing its slowest sales growth since going public as advertising spending slows. The results from Snap hit other ad-reliant stocks, sending shares of Pinterest and Meta Platforms down about 7.7% and 2.6%, respectively. Twitter — The social media stock sank more than 4% Friday amid a slew of media reports surrounding Twitter and Elon Musk. The Washington Post reported on Thursday that the Tesla CEO told some potential investors that he would slash nearly three-quarters of Twitter's workforce in his deal to buy the company. Bloomberg reported that the Biden administration is weighing whether it should subject some of Musk's ventures to national security reviews. American Express – Shares of American Express fell about 3.5% even after the bank reported quarterly earnings and revenue that beat anal...

In this article WFC DAL BYND PNC HHC Follow your favorite stocks CREATE FREE ACCOUNT Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in New York, June 1, 2022. Mike Segar | Reuters Check out the companies making headlines in midday trading Friday. Albertsons — Shares of the Safeway owner dropped 7% on news that Kroger has agreed to purchase Albertsons in a deal valued at $24.6 billion, or $34.10 a share. Kroger 's shares slipped 4.8%. JPMorgan Chase — The bank gained 2.8% after topping estimates for the recent quarter. JPMorgan Chase said net interest income surged 34% to $17.6 billion in the period due to higher rates. Morgan Stanley — Morgan Stanley's stock slumped 4.6% after the bank posted weaker-than-expected third -quarter earnings . Revenue also fell short of expectations as a result of a decline in investment banking. Citigroup — Citigroup rose more than 1% afte...

China's consumer price index increased by 2.8% in September from a year ago as prices of food, especially pork, rose. Future Publishing | Future Publishing | Getty Images BEIJING — China's consumer prices rose in September at their fastest pace in more than two years as pork prices climbed, the National Bureau of Statistics said Friday. The consumer price index increased by 2.8% last month from a year ago, matching expectations from a Reuters poll. That marked the fastest pace since a 3.3% year-on-year increase in April 2020, according to Wind Information. Much of the gains came from a continued pickup in pork prices , which rose by 36% year-on-year for their biggest rise since August 2020, Wind data showed. Pork, a food staple in China, has a significant weighting in the country&#x27 ;s official consumer price index. However, other indicators pointed to subdued consumer demand. Excluding food and energy, so-called core CPI rose by only 0.6% from a year ago — the slowest p...

In this article DCT DWAC Follow your favorite stocks CREATE FREE ACCOUNT The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines after-hours. Digital World — The company aiming to take public Truth Social, Donald Trump's media company , surged 8.7% on news of Google approving the media company 's app for the Play Store. It marks a reversal as the app was previously blocked. Victoria's Secret — Shares of the women&#x27 ;s clothing retailer climbed 3.1% after it said that earnings in its latest quarter would end at the higher end of previous estimates , and reaffirmed its sales guidance. Applied Materials — The semiconductor equipment manufacturer shed 1.7% after warning that fourth-quarter revenue and earnings would miss analyst estimates for the fiscal fourth quarter ending October 31. Duck Creek — Shares of the insurance technology company jumped 6.6% ...

In this article AMD U AMBC LEVI Follow your favorite stocks CREATE FREE ACCOUNT Omar Marques | LightRocket | Getty Images Check out the companies making headlines in midday trading Friday. Ambac Financial Group – Shares of the municipal bond insurer shot up 15.7% on news of settlements with Bank of America that would bring Ambac $1.84 billion. The settlements come out of lawsuits related to the bond insurance policies Ambac used for Bank of America prior to the 2008 financial crisis . Bank of America was down about 2.4%. Levi Strauss – Levi's dropped 11.7% to a 52-week low after cutting its full-year sales and profit outlook Thursday, as the clothing maker cited issues stemming from the supply chain and the stronger U.S. dollar. DraftKings – Shares of DraftKings rose 3.3% on a Bloomberg report that the online sports betting company is close to a partnership deal with ESPN. Lyft – The rideshare company slid 8.7% after RBC downgraded the stock to sector perform from outperform...

In this article WFC ALLY AMD CAMP RTX LMT COST Follow your favorite stocks CREATE FREE ACCOUNT Visitors walk past a Boeing board during the Farnborough Airshow, in Farnborough, on July 18, 2022. Justin Tallis | AFP | Getty Images Check out the companies making headlines in midday trading. Boeing — The aerospace company was down 6% after it reached a $200 million settlement on charges of misleading investors following two of its jetliners being involved in deadly crashes. related investing news Here are Friday's biggest analyst calls: Apple, Tesla, Coinbase, Domino's, Costco, Meta & more Michael Bloom 5 hours ago BMO upgrades Domino's Pizza, predicts 35% rebound in struggling stock Carmen Reinicke 8 hours ago Costco's quarterly results indicate the retailer is thriving despite high inflation Jeff Marks 19 hours ago FedEx — Shares were down about 4% and hit a new 52-week low after the delivery company announced plans to increase rates between 6.9% and 7.9%. Costco...