Blue Owl Capital at the New York Stock Exchange, May 20, 2021. Source: NYSE Shares of Blue Owl, the private credit firm at the center of recent jitters over exposure to software companies, jumped 10% in trading Thursday after executives disclosed sizable gains tied to SpaceX. “We made about 10 times our money on that…
Check out the companies making the biggest moves in premarket trading: Meta Platforms — The Facebook parent dropped 9% after the company hiked its full-year capital expenditures guidance to a range of $125 billion to $145 billion, raising concern over its AI spending. That forecast overshadowed a better-than-expected Q1 report. Eli Lilly — The Zepbound…
Wall Street is already looking beyond Big Tech quarterly results. Even though it’s a major earnings week for the group, YieldMax chief strategist Mike Khouw lists consumer staples and discretionary names high on his watch list – especially due to the Iran war fallout. “The biggest impact to [the] consumer checkbook is going to be…
Shares of SoFi plunged more than 15% Wednesday after the company declined to raise its full-year outlook — a move CEO Anthony Noto said reflects macro reality, not weakening fundamentals. “We did not raise the full-year guidance because when we originally gave the full-year guidance, we were anticipating at least two Federal Reserve rate cuts,”…
Check out the companies making headlines after the bell : Alphabet — Shares added almost 7% after the tech titan posted first-quarter revenue of $109.9 billion, beating the $107.2 billion analysts polled by LSEG had expected. Google cloud revenue surged 63% from a year earlier to $20.02 billion last quarter, while analysts had penciled in…
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Dec. 13, 2023. Liu Jie | Xinhua News Agency | Getty Images This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March. Text removed from the March statement is in…
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on March 18, 2026 in Washington, DC. Anna Moneymaker | Getty Images Federal Reserve Chair Jerome Powell on Wednesday said he will stay on the Board of Governors for an indefinite period while a…
Enrique Lores, then-CEO of Hewlett-Packard speaks on CNBC outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC PayPal CEO Enrique Lores has this week told managers that he is reorganizing the firm’s reporting lines to separate Venmo, the popular mobile payments app, from the company’s other operations, CNBC…
An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank. In what may have been Chair Jerome Powell‘s final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold…
Get ready. Wenesday night is the main event for earnings season, with Alphabet, Amazon, Meta and Microsoft – four of the “Magnificent Seven” — set to report. Options traders are pricing in more than $800 billion of market cap movement after the bell. If options prices are an indication, it will be a more volatile…
