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Stocks making the biggest moves after hours: Alphabet, Microsoft, Snap, Intel and more

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Check out the companies making headlines after the bell : Alphabet – Shares soared about 15% in extended trading after first-quarter earnings of $1.89 per share beat analysts’ estimates of $1.51 per share, according to LSEG, and revenues of $80.54 billion exceeded expectations of $78.59 billion. The search giant operator also authorized its first ever […]

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Stocks making the biggest moves midday: Meta, Victoria's Secret, Microsoft, Caterpillar and more

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Check out the companies making headlines in midday trading. Victoria’s Secret — Shares dropped 3.5% after Goldman Sachs initiated coverage of the stock with a sell rating, saying it sees a “tough macro and ongoing competitive pressure” for the lingerie company in the near term. Longer term, the firm is constructive on the company’s loyalty

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Dow drops more than 600 points on inflation and growth concerns, heads for biggest drop of the year: Live updates

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Stocks tumbled Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. The Dow Jones Industrial Average slid 611 points, or 1.6%, weighed down by steep declines in Caterpillar and IBM. The S&P 500 dropped 1.3%, and the Nasdaq Composite lost 1.7%. U.S. gross domestic product expanded

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Stocks making the biggest moves premarket: Meta Platforms, Honeywell, Merck, Southwest Airlines and more

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Check out the companies making headlines before the bell: Meta Platforms — The Facebook parent company plunged more than 14% after issuing lighter-than-expected second-quarter revenue guidance . However, first-quarter earnings and revenue both came above analysts’ estimates. Honeywell — The industrial stock rose 2.2% in premarket trading after the company posted earnings per share of

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Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions

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Nvidia-backed artificial intelligence firm Synthesia on Thursday unveiled a new wave of AI-generated digital avatars that can convey human emotions using a user’s text inputs. The company said its “Expressive Avatars” can blur the lines between the virtual world and real characters. It aims to eliminate cameras, microphones, actors, lengthy edits and other costs from

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Barclays swings back to profit in first quarter amid strategic overhaul

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LONDON — Barclays on Thursday reported first-quarter net income attributable to shareholders of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul. Analysts polled by Reuters had expected net profit attributable to shareholders of £1.29 billion for the quarter, according to LSEG data. Pre-tax profits, however, were down

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Deutsche Bank reports 10% profit rise in first quarter, beating expectations

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Deutsche Bank on Thursday reported 1.275 billion euros ($1.365 billion) in net profit attributable to shareholders in the first quarter, marking a 10% annual increase. Analysts had forecast a result of 1.23 billion euros for the period, according to LSEG data. Revenue rose 1% year-on-year to 7.8 billion euros, which the bank attributed to growth

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Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand

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South Korean memory chipmaker SK Hynix on Thursday reported a net profit of 1.92 trillion South Korean won ($1.39 billion) in the first quarter, reversing a loss of 2.58 trillion won logged in the same period a year ago. This was the first positive income recorded since the third quarter of 2022, LSEG data showed.

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Standard Chartered doubles down on its prediction that bitcoin will reach $150,000 by the end of the year

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Bitcoin is set for more price gains later this year, even after a recent retreat in prices, according to Standard Chartered’s top crypto analyst. Geoffrey Kendrick, head of foreign exchange research, West, and digital assets research at Standard Chartered, said in a research note this week that he sees bitcoin rising to $150,000 per coin,

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JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank

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A Russian court sided with state-run lender VTB Bank in its efforts to recoup the $439.5 million from JPMorgan Chase that the American lender froze in U.S. accounts after the Ukraine invasion. The court ordered the seizure of funds in JPMorgan’s Russian accounts and “movable and immovable property,” including the bank’s stake in a Russian

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