Zoom’s lightning-fast ascent to $100 billion made big acquisitions a sudden priority

Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. The video-conferencing software company announced it’s IPO priced at $36 per share, at an estimated value of $9.2 billion. … Read more

Morgan Stanley beat earnings estimates as stock trading, investment banking top expectations

James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley posted second-quarter profit and revenue that exceeded analysts’ expectations on strength in equities trading and investment banking. Here’s how the bank did: Earnings: $1.85 … Read more

Goldman CEO David Solomon says China’s crackdown on tech companies will delay many U.S. listings

David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said that China’s recent moves boosting oversight of its technology … Read more

Affirm shares fall on report Apple is working with Goldman Sachs to offer buy now, pay later service

Apple CEO Tim Cook attends the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Shares of Affirm, a company that offers lending services for retailers, dropped as much as 16% on Tuesday after Bloomberg reported Apple plans to offer a competing “buy now pay … Read more

Jim Cramer says stock futures mislead investors, create buying opportunities

CNBC’s Jim Cramer rendered stock futures to be a worthless tool to gauge the temperature of the market after stock indexes finished at records on Monday. “When you wake up at 4 a.m., you’ll learn a ton amount the market. I encourage you to try it if you want to see how stocks are setting … Read more

Stock futures mostly flat ahead of bank earnings

The Goldman Sachs booth on the floor of the New York Stock Exchange Getty Images U.S. stock futures were mostly flat on Monday night after the Dow Jones Industrial Average rose to almost 35,000 ahead of the second-quarter earnings season for banks, which kick off Tuesday. The Dow Jones Industrial Average futures fell 10 points, … Read more

Stocks making the biggest moves midday: Capital One, Disney, Cheesecake Factory, Expedia and more

Pedestrians wearing protective masks wait to enter a Disney store in San Francisco, California, on Wednesday, Dec. 23, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Virgin Galactic — Shares of Virgin Galactic were down 14% in midday trading after the space company filed to … Read more

Stock futures open mostly flat ahead of the kickoff of earnings season

Traders work on the floor of the New York Stock Exchange. NYSE Stock futures opened mostly flat late Sunday as earnings season kicks off this week. Futures on the Dow Jones Industrial Average added 25 points, or 0.07%. S&P 500 futures edged 0.08% higher and Nasdaq 100 futures rose 0.17%. The three major indexes closed … Read more