Traders work on the floor of the New York Stock Exchange on August 11, 2025. NYSE Small-cap stocks jumped on Wednesday, bucking the slide in some of the market’s largest companies, as investors bet that the Federal Reserve will cut interest rates starting in September — lowering the cost of capital and possibly boosting consumer…
Crypto exchange Bullish rocketed on Wednesday after the company raised about $1.1 billion in an initial public offering. The stock opened at $90 on the New York Stock Exchange, 143% above its IPO price of $37. Shares were then halted at around $102.44 per share. The Cayman Islands-headquartered company priced its IPO early Wednesday far above…
Check out the companies making headlines in premarket trading. Cava — The fast-casual restaurant chain plunged 23.6% after revenue came in at $280.6 million for the second quarter, missing the LSEG consensus forecast of $285.6 million. The company also missed expectations for same-store sales and lowered its forecast. However, Cava earned 16 cents per share…
My top 10 things to watch Wednesday, Aug. 13 1. AI computing provider CoreWeave’s quarterly results were good, but I’d wait for the expiration of the lockup later this week, which may invite huge selling given the stock is up 272% from its IPO price. While some might say its $30.1 billion backlog is a…
Tom Farley, chief executive officer of Bullish Global, during a Bloomberg Television interview on the sidelines of the Consensus Crypto Conference in Hong Kong, China, on Wednesday, Feb. 19, 2025. Lam Yik | Bloomberg | Getty Images Cryptocurrency exchange Bullish has priced its initial public offering at $37 per share, above the expected range of…
European shares open higher Twenty minutes into Wednesday’s session, European equities are broadly moving higher, with the pan-European Stoxx 600 gaining 0.45% so far. Germany’s DAX index is around 0.7% higher, while the French CAC 40 and London’s FTSE 100 were last seen trading 0.4% and 0.3% higher, respectively. — Chloe Taylor Global rally Traders…
Tencent Music shares jump 16% after second-quarter earnings top estimates Tencent Music Entertainment Group rose 16% Wednesday, a day after the company beat estimates for second-quarter revenue and profit on robust subscriber growth in its online music services. The company reported revenue of 8.44 billion Chinese yuan ($1.18 billion), up by about 18% from the same period last year. The…
Stocks climbed to a record as an in-line US inflation reading eased price concerns and bolstered bets on a Federal Reserve interest-rate cut in September. The MSCI All Country World Index rose 0.2% to an all-time high, tracking Wall Street’s surge to fresh peaks, as money markets nearly priced in a full 25 basis point…
CNBC’s Jim Cramer reviewed Tuesday’s stock market action and advised investors to stay in the market despite the geopolitical environment. Otherwise, he said, they might miss out on winning sessions. “People just can’t seem to process the most important three words in the investing lexicon: ‘stay the course.’ Nobody wants to stand pat when they…
Traders work at the New York Stock Exchange on August 12, 2025. NYSE Futures tied to the S&P 500 and Nasdaq 100 were slightly higher Tuesday night as investors come off a record-setting session that saw encouraging news on the inflation front. S&P futures rose 0.2%, while Nasdaq 100 futures were 0.5% higher. However, futures…