Stocks making the biggest moves midday: RH, Reddit, Estée Lauder, AMC and more
Check out the companies making the biggest moves midday. RH — The luxury retailer surged 17.26% after offering strong full-year forecasts for demand and revenue growth. That allowed investors to look past a fourth-quarter earnings report that came in below expectations. Estée...
The S&P 500 is about to wrap the quarter with a 10% gain. Resist the urge...
Man, what a run it's been. The S & P 500 is closing out the first quarter on an epic win streak: The index is up 10% year to date and an amazing 25% in the past five months. A run of 25% in any five-month period is a very rare event. Since 1950, there have only been seven other...
Huawei’s profit doubled in 2023 as smartphone, autos business picked up
Huawei brought one of the largest displays to Mobile World Congress in Barcelona in February 2024.Sopa Images | Lightrocket | Getty ImagesBEIJING — Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product...
Stocks making the biggest moves midday: GameStop, Merck, Carnival, Cintas and...
Check out the companies making headlines in midday trading. GameStop — GameStop shed 15% after the video game retailer reported lower fourth-quarter revenue from a year ago. The company also said it axed an unspecified number of roles to trim costs. Merck — Merck jumped 5% after...
Amazon spends $2.75 billion on AI startup Anthropic in its largest venture...
Jakub Porzycki | Nurphoto | Getty ImagesAmazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race. The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based...