Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned. The firm’s 15,000 or so financial advisors can solicit eligible clients to purchase shares of two exchange-traded bitcoin funds starting Wednesday, according … Read more
Darren Woods, chairman and chief executive officer of Exxon Mobil Corp., Brendan McDermid | Reuters ExxonMobil on Friday posted its second highest results for the second quarter in the past decade, as the company achieved record production in Guyana and the Permian Basin. Exxon shares rose about 2% before the market opened. “If you look … Read more
Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, the Labor Department reported Friday. Nonfarm payrolls grew by just 114,000 for the month, down from the downwardly revised 179,000 in June and below the Dow Jones estimate for 185,000. The unemployment rate edged higher to 4.3%, … Read more
Gas pumps are seen at a Chevron gas station in Orlando. Paul Hennessy | SOPA Images | Lightrocket | Getty Images Chevron missed second-quarter earnings expectations, hurt by lower refining margins. The oil major also said Friday it is moving its headquarters from San Ramon, California, to Houston, Texas, with CEO Mike Wirth relocating by … Read more
Federal Reserve Chairman Jerome Powell arrives to speak at a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC. Andrew Harnik | Getty Images If the Federal Reserve is starting to set the table for interest rate reductions, … Read more
Signage for the Monetary Authority of Singapore (MAS) is displayed outside the central bank’s headquarters in Singapore. Sam Kang Li | Bloomberg | Getty Images Singapore’s central bank has established a task force to bolster the city-state’s stock market. The Monetary Authority of Singapore announced that the review group will evaluate measures to “improve the … Read more
A pedestrian looks at an electronic stock board outside a securities firm in Tokyo, Japan, on Tuesday, Dec. 25, 2018. Shoko Takayasu | Bloomberg | Getty Images Japan’s stock markets have hit a six-month low, declining for two straight days, after the Bank of Japan raised benchmark interest rates to their highest level since 2008. … Read more
Customers are trying on and learning about Apple Vision Pro headsets at an Apple store in Shanghai, China, on July 22, 2024. Costfoto | Nurphoto | Getty Images Check out the companies making headlines in extended trading: Apple — Shares of the iPhone maker inched higher, as the company beat analysts’ estimates on the top … Read more
Apple delivered quarterly beats after Thursday’s closing bell ahead of what’s expected to be a robust artificial intelligence iPhone upgrade cycle in the months the come. Revenue in Apple’s fiscal third quarter, which ended in June, grew 5% year-over-year to a record of $85.78 billion – ahead of the LSEG estimate of $84.53 billion. Earnings … Read more
Shares of Nextracker dropped in extended trading Thursday as questions about the solar technology firm’s backlog of projects overshadowed its better-than-expected quarterly results. Revenue in its fiscal 2025 first-quarter rose 50% year over year to $719.9 million, far ahead of the $617.5 million expected by analysts, according to LSEG. Adjusted earnings per share (EPS) also … Read more
