Tag: markets
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Stocks making the biggest moves premarket: Nvidia, Marvell, Flex and more
These are the stocks posting the largest moves in early trading.
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Marvell Technology jumps almost 9% in premarket after news it will join the S&P 500 index
Marvell rose in premarket trading after S&P Global said the AI chipmaker would join the S&P 500 on June 22.
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USAA to return nearly $1 billion to Florida members as legal reforms help lower insurance costs
USAA said it will deliver nearly $1 billion in combined savings and returns to eligible Florida members, including a $500 million dividend, CNBC can exclusively report.
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Airline profits set to halve this year as fuel costs jump by $100 billion: IATA
“The big unknown is how long travelers and shippers can tolerate the higher costs,” IATA’s Willie Walsh said.
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Bidding war erupts for world’s oldest bank as Italy’s Intesa gatecrashes BPM offer
Intesa on Monday announced an unsolicited offer of $35.3 billion, hoping to usurp its rival and create Europe’s second-biggest bank by market capitalization.
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CNBC Daily Open: The great tech retreat
Silicon Valley’s sell-off gathers speed in Asia, with chip-heavy indices bearing the brunt of the declines, while tensions in Iran send oil prices higher.
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Foreign investors have dumped billions of dollars of Korean stocks this year despite record rally. Here’s why
The selling intensified Monday as the benchmark Kospi plunged more than 8% at the open, even as it emerged as one of the world’s standout performers thus far.
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CNBC Daily Open: Washington’s ‘war of choice’ extends past 100-day mark
The war was supposed to end in “four to five weeks” and not morph into an “endless” conflict, but its end date is becoming increasingly blurry.
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Hong Kong’s IPO boom is developing a performance problem
As Hong Kong vies with Wall Street to be the top IPO market, a growing number of pre-debut runups turn sour after their listing.
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Why AI hyperscalers are now the epicenter of a bear case for stocks
In the near term, there are many mouths to feed and not enough to eat.
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