Stocks making the biggest moves premarket: UnitedHealth, Wells Fargo, Walgreens and more

Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer’s shares rose 2.2% in the premarket after beating on the top and bottom lines for the third quarter and raising its full-year earnings forecast. UnitedHealth earned $4.52 per share, 11 cents above consensus, helped by revenue gains at its Optum … Read more

TikTok says 1 billion people use the app each month

TikTok app logo on the App Store. Jakub Porzycki | NurPhoto | Getty Images TikTok revealed Monday it has 1 billion active global users, indicating steady growth of the short-form video app. TikTok, which is privately held and owned by the Chinese company Bytedance, has reported a surge in users over the past few years, … Read more

As the market struggles in September, this buyback stock strategy could be a winner

Signage at the Oracle headquarters campus in Redwood City, California. Michael Short | Bloomberg | Getty Images Microsoft shares ticked up Wednesday after the company announced a new $60 billion stock buyback program, and the Big Tech name isn’t the only corporation announcing share repurchases. Source link

Cramer’s week ahead: ‘I need you to expect some brutal days ahead’

CNBC’s Jim Cramer on Friday warned investors there could be more selling next week. “Given the nature of September, you have to expect next week to feel less like this morning’s decent action and more like the ugly sell-off of this afternoon even as there might be some individual bright spots,” the “Mad Money” host … Read more

‘They have better things to do’ – Major Republican donors are staying away from Trump

Former U.S. President Donald Trump speaks during a press conference announcing a class action lawsuit against big tech companies at the Trump National Golf Club Bedminster on July 07, 2021 in Bedminster, New Jersey. Michael M. Santiago | Getty Images Several of the Republican Party’s biggest and most influential donors are signaling that they don’t … Read more

Start-ups will suffer from antitrust bills meant to target Big Tech, VCs charge

San Francisco Compassandcamera | Getty Images Many lawmakers are eager to rein in the power of the largest tech companies: Amazon, Apple, Facebook and Google. But some of their proposals could actually hurt the smaller companies they’re meant to protect, venture capitalists warned CNBC. VCs are particularly concerned about efforts in Congress to restrict mergers … Read more

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

TikTok insiders say social media company is tightly controlled by Chinese parent ByteDance

ByteDance Ltd.’s TikTok app is displayed in the App Store on a smartphone in an arranged photograph taken in Arlington, Virginia, on Monday, Aug. 3, 2020. Andrew Harrer | Bloomberg | Getty Images A former TikTok recruiter remembers that her hours were supposed to be from 10 a.m. to 7 p.m., but more often than not, she … Read more

Cramer’s week ahead: Don’t underestimate the market’s small gains

Matteo Colombo | DigitalVision | Getty Images After stocks muscled their way slightly higher on Friday, CNBC’s Jim Cramer advised investors not to underestimate a market that’s putting up small gains. The S&P 500 crawled 0.19% higher to 4,247.44, a record close. “Some would say it’s the calm before the storm … I learned a … Read more

Markets await the Fed’s meeting before making the next big move in the week ahead

U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3, 2020. Kevin Lamarque | Reuters Stocks could trade sideways as investors await the outcome … Read more