Stocks making the biggest moves after hours: IBM, Tesla, Moderna and more
These are the stocks posting the largest moves in extended trading.
Santoli’s Wednesday market wrap-up: Whipsaw in hot-money flows catches S&P 500 in bumpy 0.5% drop
High-momentum, more-volatile, heavily speculative stocks have broken steep uptrends and are spilling lower, as quality and value stocks hang in just fine.
Southwest beats earnings estimates, forecasts strong demand for rest of the year
Southwest Airlines reported a surprise quarterly profit for the third quarter.
IBM tops third-quarter estimates and lifts guidance, but stock drops
IBM’s results topped estimates and the company lifted its guidance, citing artificial intelligence tailwinds.
Crypto execs meet with senators to push forward market structure legislation: CNBC Crypto World
On today’s epsiode of CNBC Crypto World, bitcoin drops to the $108,000 level. Plus, Coinbase says the crypto exchange acquired the digital asset investment platform Echo for approximately $375 million. And, Sergey Nazarov, co-founder of Chainlink, shares what was discussed during meetings with senators on Capitol Hill about crypto regulation.
Trump dined with Rupert Murdoch despite suing him for $10B over Epstein letter: Report
President Donald Trump denies sending a risque birthday letter to then-friend Jeffrey Epstein, who killed himself in 2019 amid child sex trafficking charges.
NFL approves sale of minority stake in New York Giants to Julia Koch at a $10.3B valuation
The National Football League signed off on Julia Koch’s purchase of a 10% stake in the New York Giants.
Western Alliance CEO says alleged loan fraud is ‘incredibly frustrating’ but isolated issue
Regional banks are getting a reprieve this week after Western Alliance and Zions reported results that didn’t include any new loan meltdowns.
Amazon introduces ‘Blue Jay’ warehouse robot that performs multiple tasks at once
The robotics system is called Blue Jay, and Amazon said it’s already being deployed in one of its South Carolina warehouses.
Amazon’s switch to robots over human warehouse employees will save it up to $4 billion a year, Morgan Stanley says
“The market is under-appreciating AMZN’s GenAI advances in its Retail business with robotics-driven efficiencies,” analyst Brian Nowak said.