JPMorgan’s $100M Penalty: CFTC Reportedly Crackdown On Trade Reporting Flaws
The U.S. Commodity Futures Trading Commission is reportedly poised to unveil a $100 million settlement with JP Morgan Chase for trade reporting failures.
Walmart, Vertex Pharmaceuticals And More On CNBC’s ‘Final Trades’
Walmart Inc. reported a "really strong" quarter, with e-commerce sales surging 21%. Adjusted EPS was 60 cents.
Why Ticketmaster Owner Live Nation’s Shares Are Tumbling Today?
Live Nation Entertainment Inc (NYSE:LYV) shares dropped as the company faces an antitrust lawsuit by the U.S. Department of Justice. The lawsuit, expected to be filed in the Southern District of New York, challenges Live Nation's control over concert ticket sales through Ticketmaster. This legal action is part of the Biden administration's efforts to combat monopolistic practices in various industries, including tech and online marketplaces.
Jim Cramer Offers His Take On Corning, Calls This Healthcare Stock A ‘Terrific Spec’
Jim Cramer says Corning has "not been able to generate the kind of return that I've wanted"; calls Recursion a "terrific spec"
Ferrari Aims to Challenge Tesla with Launch of Electric Supercar in 2025
Ferrari's CEO expects high electric supercar demand, plans 2025 launch and new factory in Italy. Sales and EPS beat estimates.
What’s Going On With Alibaba Stock On Thursday?
Alibaba Group (NYSE: BABA) is considering a $5 billion convertible bond sale, following rival JD's move. This could fund share repurchases and growth. BABA's ADRs have dropped 6.6% this week. Reports of bearish sentiment from U.S. short sellers may have caused this. BABA reported 7% revenue growth in Q4 2023. BABA stock has lost 0.24% in the last 12 months.
What’s Going On With Nvidia Supplier Taiwan Semi Stock On Thursday?
TSM predicts 10% revenue growth in semiconductor industry, driven by AI. Plans to triple 3nm capacity by 2024. Stocks up 73% in past year.
Top Chipmakers Forecast Revenue Growth as AI and Consumer Product Demand Rebounds: Report
Taiwan Semiconductor's supplier Applied Materials is expected to see a revenue increase this quarter due to rising demand for AI and consumer products.
Boeing’s China Deliveries Hit By Regulatory Battery Review: Report
Deliveries of Boeing aircraft to China face delays as Chinese regulators review the batteries in the cockpit voice recorder. Boeing is working with Chinese clients to manage delivery schedules while awaiting the Civil Aviation Administration of China's (CAAC) evaluation. The company disclosed having around 140 737 MAX 8 aircraft in stock, with 85 intended for Chinese customers, impacting their delivery timelines.
Tesla Pushes Suppliers To Diversify Production Away From China Amid Escalating Sino-Taiwan Tensions: Report
The request was reportedly made before the U.S. hiked tariffs on Chinese imports including electric vehicles.