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Powell says inflation has been higher than thought and expects rates to hold steady

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Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the Foreign Bankers’ Association in Amsterdam, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed […]

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Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam

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[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers’ Association in Amsterdam. The appearance is the central bank leader’s first public address since

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Stocks making the biggest premarket moves: GameStop, AMC, Alibaba, Sony and more

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Check out the companies making the biggest moves in premarket trading: Meme stocks — GameStop soared 120%, adding to the 74.4% it gained Monday , after the man who fueled the 2021 GameStop frenzy “Roaring Kitty” posted online for the first time in about three years. Shares of AMC popped 106%, while Reddit and Robinhood

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AMC raises $250 million in stock sale during meme rally, shares still up 90% in premarket

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AMC Entertainment raised about $250 million of new equity capital on Monday during the revived meme stock craze triggered by the return of “Roaring Kitty.” On Monday, the movie theater operator sold 72.5 million shares in an at-the-market equity offering. AMC sold those shares at an average price of $3.45 per share before commissions and

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Fintech firm Klarna says 90% of its employees are using generative AI daily

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Swedish financial technology company Klarna said Tuesday that nearly 9 out of 10 employees in its 5,000-strong workforce are now using generative artificial intelligence tools in their daily work. Klarna, which lets individuals split their purchases into interest-free, monthly installments, said over 87% of its employees are using generative AI tools, including OpenAI’s ChatGPT and

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The revived craze for GameStop is confusing Wall Street. It's 'not in a position to be profitable'

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The return of “Roaring Kitty” sparked a jaw-dropping advance in GameStop shares Monday, but such a speculative rally in an unprofitable company will likely end badly once again. Roaring Kitty, the man who inspired the meme stock mania of 2021, resurfaced online with a cryptic image showing a man in a chair leaning forward. That

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Stocks making the biggest moves midday: Walgreens, GameStop, Intel, Robinhood and more

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Check out the companies making headlines in midday trading: Walgreens Boots Alliance — The stock advanced 5.4% on news that Walgreens is looking for potential buyers for its $8.8 billion Boots drugstore chain in the U.K., Bloomberg reported Monday. Xponential Fitness — Xponential Fitness shares were last up nearly 8.5% in volatile trading. The stock

Stocks making the biggest moves midday: Walgreens, GameStop, Intel, Robinhood and more Read More »

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GameStop soars 60% as 'Roaring Kitty', who drove meme craze, resurfaces

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GameStop shares rallied dramatically on Monday after “Roaring Kitty,” the man who inspired the epic short squeeze of 2021, posted online for the first time in roughly three years. The post, a picture on X of a video gamer leaning forward on their chair as if to indicate he’s taking the game seriously, marked Roaring Kitty’s first

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Freetrade, Britain's answer to Robinhood, says its CEO is stepping down

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LONDON — The boss of U.K. stock trading service Freetrade is stepping down and leaving the company with immediate effect, the company told CNBC exclusively Monday. Adam Dodds, who co-founded the company with business partners Davide Fioranell and Viktor Nebehaj in 2016, will be replaced by Nebehaj, currently Freetrade’s chief operating officer, as CEO, pending

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Stocks making the biggest moves premarket: GameStop, Nvidia, Intel, Kenvue and more

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Check out the companies making headlines before the bell. GameStop — GameStop shares rallied more than 37% in the premarket after “Roaring Kitty” posted for the first time in roughly three years . The post, a picture on X of a video gamer leaning forward on their chair as to indicate he’s taking the game

Stocks making the biggest moves premarket: GameStop, Nvidia, Intel, Kenvue and more Read More »

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