The Leopard 8 is one of the three cars BYD’s Fang Cheng Bao brand unveiled in Shenzhen on April 16, 2024. CNBC | Evelyn Cheng BEIJING — China’s Ministry of Commerce has warned Mexico of countermeasures as the country plans to hike tariffs on Asia-made cars to 50%. We “hope Mexico will be extremely cautious,…
Check out the companies making headlines after the bell : Adobe — The design software maker’s shares rose nearly 3% in extended trading after the firm reported fiscal third-quarter results that topped analysts’ estimates. Adobe also hiked revenue guidance for its digital media business. RH — The luxury furniture maker saw shares drop 6% in…
Check out the companies making the biggest moves midday: Revolution Medicines — The biotech stock rallied 13% on the release of positive trial data for daraxonrasib, a drug aimed at treating pancreatic cancer. The company plans to begin a phase 3 trial in the fourth quarter based on the latest findings. Delta Air Lines —…
Check out the companies making the biggest moves in premarket trading: Opendoor Technologies – The meme stock soared 33.6% after the online real estate platform named Shopify executive Kaz Nejatian as its next CEO . Former chief executive Carrie Wheeler resigned last month under pressure from investors. Oxford Industries — The Tommy Bahama and Lilly…
Some of America’s top financial services executives are starting to issue warnings about the economy. Saying they’re seeing signs of “softening” or “weakening,” a slew of CEOs have been weighing in ahead of next week’s Federal Reserve decision and with the U.S. Bureau of Labor Statistics revising job numbers lower this week. In a Wednesday…
Check out the companies making headlines before the bell: Oracle — Shares surged 32% after Oracle reported that multicloud database revenue from Amazon, Google and Microsoft grew at the rate of 1,529% in its last quarter. That helped investors look past fiscal first-quarter earnings and revenue from the company that came in weaker than expectations….
Wells Fargo CEO Charlie Scharf speaks during in interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 4, 2025. Brendan McDermid | Reuters Wells Fargo CEO Charlie Scharf said he “absolutely” supports the Federal Reserve’s independence, but that President Donald Trump is free to express…
Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Michael Nagle | Bloomberg | Getty Images Klarna shares popped…
Check out the companies making the biggest moves midday: Oracle — The stock surged 39% after Oracle reported that multicloud database revenue from Amazon, Google and Microsoft grew at the rate of 1,529% in its last quarter. That helped investors look past fiscal first-quarter earnings and revenue from the company that came in weaker than…
Fintech company Pipe is partnering with Uber in a new effort to help small businesses acquire capital with fewer barriers to access, CNBC has learned. Pipe is teaming up with Uber Eats to add its embedded technology to the company’s restaurant manager app. Eligible restaurants will see pre-approved capital offers from Pipe that are customized…