Jim Chanos discusses his legendary Enron short bet more than two decades later
Short seller Jim Chanos is best known for calling the collapse of Enron, the world's largest energy trading company at the time. He was widely credited as the first person to figure out that Enron was a house of cards. "As the dot-com era went on, people really began to embrace...
Stocks making the biggest moves midday: Nvidia, Walmart, Discover Financial and...
Check out the companies making headlines in midday trading. Semiconductor stocks — Popular semiconductor stocks declined, with Nvidia dropping more than 4% ahead of its Wednesday print. Super Micro Computer shed nearly 2% even after Rosenblatt issued a price target at a Street...
Stocks making the biggest moves after hours: Palo Alto Networks, SolarEdge...
Check out the companies making headlines after the bell. Palo Alto Networks – Shares declined nearly 19% after the cybersecurity company's full-year guidance missed expectations. Palo Alto Networks said it predicts full-year revenue growth of 15% to 16%, down from earlier...
HSBC slides 7% after annual profit misses estimates on China write-down
Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019.Anthony Kwan | Bloomberg | Getty ImagesHSBC's full-year 2023 pretax profit missed analysts' estimates on Wednesday, hit by impairment costs...
UK posts record budget surplus in January
Jeremy Hunt, UK chancellor of the exchequer, holding the despatch box as he stands with treasury colleagues outside 11 Downing Street in London, UK..Bloomberg | Bloomberg | Getty ImagesLONDON — The U.K. logged a record £16.7 billion ($21.1 billion) net budget surplus in January,...