Stocks making the biggest moves midday: Kimberly-Clark, Intel, Snap and more

Here are the stocks making significant moves on Friday. Kimberly-Clark – The consumer products stock slumped 5.2% after Kimberly-Clark fell short of analysts’ estimates for the first quarter. The company reported earnings per share of $1.80, 13 cents below what Wall Street expected, according to Refinitiv. Revenue also missed estimates as organic sales in North … 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

These stocks are the best buys in the internet sector, says Evercore ISI’s Mark Mahaney

This illustration photo shows a person checking the Facebook app on a smartphone in Los Angeles, March 1, 2021. Chris Delmas | AFP | Getty Images The internet sector may not be broadly attractive to investors in the near term, but some of the biggest stocks in the space are positioned to be long-term winners, … Read more

Coinbase direct listing set for April 14 after SEC approval

The Coinbase cryptocurrency exchange application seen on the screen of an iPhone. Getty Images Cryptocurrency exchange Coinbase said Thursday that it will begin trading on April 14, after receiving regulatory clearance for its direct listing from the Securities and Exchange Commission. The company, ranked No. 10 on the 2018 CNBC Disruptor 50 list, published a short blog post … Read more

Spotify jumps into the hot live audio trend with acquisition of Clubhouse rival Betty Labs

People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images Spotify is moving into live audio. The company said Tuesday it will buy Betty Labs, the makers of … Read more

How Europe became the world’s top tech regulator

Executive Vice President of the European Commission for an Europe Fit for the Digital Age Margrethe Vestager. YVES HERMAN | AFP | Getty Images LONDON — While the European Union may lack tech giants, it’s not short on rugged regulation for the sector.  The 27-member bloc has been at the forefront of tightening the rules … Read more

Roblox starts trading at $64.50 as public investors get their first crack at the popular kids game app

Roblox, the kids gaming app that surged in popularity during the pandemic, started trading Wednesday at $64.50 on the New York Stock Exchange, giving the company a market cap of $35.5 billion. Roblox went public through a direct listing, following the lead of other tech companies like Spotify, Slack and Palantir. Instead of raising fresh … Read more

These tech stocks could be hit even harder if rates continue to rise, says Goldman Sachs

People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images The recent jump in interest rates and rising fears of inflation could hit one group of stocks particularly … Read more

Cathie Wood bought a ton more Tesla amid Tuesday’s sell-off, possibly sparking turnaround

Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You Think conference in the Brooklyn borough of New York on Tuesday, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Ark Invest’s Cathie Wood scooped up more than $120 million worth of Tesla shares … Read more

Stocks making the biggest moves midday: Alphabet, Spotify, GameStop, Amgen & more

Visitors pass by the logo of Google at the high profile startups and high tech leaders gathering, Viva Tech, in Paris, France May 16, 2019. Charles Platiau | Reuters Check out the companies making headlines in midday trading.  Alphabet – Shares of the Google-parent company jumped more than 7% after Alphabet reported quarterly results that … Read more