News

HSBC sees 89% rise in quarterly pre-tax profit, beating analysts' expectations

Profit before tax for the second quarter stood at $8.7 billion, while revenue for the same period came in at $16.71 billion.

Stocks making the biggest moves after hours: Yum China, Western Digital, ZoomInfo and more

These are the stocks posting the largest moves in extended trading.

Banks say conditions for loans to businesses and consumers will keep getting tougher

The Fed's closely watched Senior Loan Officer Opinion Survey showed that while credit conditions got more strict, demand declined as well.

Stocks making the biggest moves midday: SoFi, ON Semiconductor, Disney, Sweetgreen and more

These are the stocks posting the largest moves in midday trading.

SEC sues entrepreneur over $1 billion in unregistered crypto sales and multi-million-dollar fraud

Richard Schueler, also known as Richard Heart, defrauded investors out of millions through his Hex cryptoasset, the SEC alleged.

Francisco Partners & TPG to take New Relic private in $6 billion deal

The consortium offered $87 per share in an all-cash deal to take New Relic private on Monday.

Stocks making the biggest moves premarket: Hasbro, Adobe, GoodRx, SBA Communications and more

These are the stocks posting the largest moves in early trading.

Robinhood rival eToro agrees $120 million share sale at discounted valuation

Stock trading platform eToro agreed to a $120 million secondary share sale giving it a slightly lower valuation than the $3.5 billion it was last valued at.

A.I. is on a collision course with white-collar, high-paid jobs — and with unknown impact

Technology has disrupted many workplaces. Artificial intelligence like ChatGPT may have an outsized impact on higher-paid office jobs, experts said.

The fight over a bill targeting credit card fees pits payment companies against retailers

Bipartisan support for the Credit Card Competition Act has surged since it was introduced last year.

Why substituting cryptocurrency for gold exposure may be a costly mistake

State Street Global Advisors' George Milling-Stanley, whose firm runs the world's largest gold ETF, gives his bull case for the precious metal.

Stocks making the biggest moves midday: Intel, Roku, Sweetgreen, Ford & more

Check out the companies making headlines in midday trading.
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