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

Top holdings of the famous ‘Tiger Cubs’ hedge funds reveal e-commerce and pandemic plays

Julian H. Robertson Jr. speaking at the 2017 Delivering Alpha conference in New York on Sept. 12, 2017. David A. Grogan | CNBC Legendary hedge fund pioneer Julian Robertson fostered dozens of talents and seeded investments throughout his career since the 1980s. These so-called Tiger Cubs became some of the key players in the industry. … Read more

Amazon set to report Q2 earnings

Andy Jassy, CEO Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. Mike Blake | Reuters Amazon is set to announce its second-quarter earnings after the bell on Thursday. Here’s what Wall Street is expecting: Earnings: $12.30 per share, according to analysts surveyed by Refinitiv Revenue: $115.2 billion, … 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

Tech companies made big pledges to fight racism last year — here’s how they’re doing so far

Demonstrators gather at the Lincoln Memorial during a protest against police brutality and racism on June 6, 2020 in Washington, DC. Win McNamee Last June, social media feeds became flooded with corporate statements about how companies would promote racial equity within and beyond their workforce. The commitments came after the police murder of George Floyd … Read more

Here’s what Google announced today at its first developer conference since 2019

Google CEO Sundar Pichai speaks at the company’s 20201 Google I/O conference. Google Google announced a slew of updates to its developer products Tuesday at its first Google I/O event since 2019. Though Google makes most of its money from advertising, the annual event is a way to excite its developer ecosystem with updates ranging … Read more

Dubbed ‘WoodStocks,’ Jim Cramer sees Cathie Wood’s top tech picks heading lower

Investors in technology stocks should buckle up for a wild ride as the group turns toxic in a rising inflation environment, CNBC’s Jim Cramer said Wednesday. “If you own the turbo-charged growth stocks … you either need to steel yourself for the pain or cut your losses on the next sharp move up, because we’re … Read more

Amazon tests tool that lets brands contact shoppers in departure from its tight control over customers

Amazon is quietly rolling out a way for some brands on its site to engage with shoppers, in a move that represents a departure from its historically tight controls over customer data. Last week, Amazon began piloting a tool that enables U.S. brands who are part of its Brand Registry program to email marketing materials … Read more

Facebook-backed Diem aims to launch digital currency pilot later this year

Facebook wanted to revolutionize finance with a global digital currency — then came the regulators. First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign currencies such as the U.S. dollar and the euro. But after facing strong opposition from … Read more