Shares of Nu Holdings Ltd. NU, -2.03% jumped 14.7% after hours on Monday after the Brazil-based digital banking platform reported a surprise third-quarter profit and revenue that beat expectations, helped by a boost in active customers. The company reported net income of $7.8 million, compared with a net loss ofContinue Reading
By Exec Edge Editorial Staff Dutch Bros Inc. (NYSE: BROS) coffee chain reported a 53% surge in third quarter sales, sending its shares higher aftermarket by 5%. The Oregon-based company said total revenues grew to $198.6 million as compared to $129.8 million in the same period of 2021. System same shop salesContinue Reading
In this photo illustration the Netflix logo in the App Store seen displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Netflix shares skyrocketed more than 14% after the bell Tuesday as the company posted better-than-expected results on the top and bottom lines. TheContinue Reading
Ford Motor Co. shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, reminding Wall Street supply-chain snags are far from over for auto makers. Ford F, +1.43% said it expectsContinue Reading
Tesla (TSLA) notched a big jump in China sales and exports last month, an industry group confirmed Thursday, as the carmakers Shanghai gigafactory returned to full pace following shutdowns linked to Covid restrictions and a scheduled upgrade. The China Passenger Car Association (CPCA) said Tesla sold 76,995 China-made cars lastContinue Reading
(Bloomberg) — Investors should stay wary of US stocks and bonds as inflation remains a threat and recession looms, according to Rebecca Patterson, chief investment strategist at Bridgewater Associates. Most Read from Bloomberg The stock market, which finished its best month since November 2020, has mistakenly given the benefit ofContinue Reading
U.S. stocks pushed higher at Thursday’s open as investors weighed minutes from the Federal Reserve’s last meeting and fresh employment data out of Washington. The S&P 500 and Nasdaq both rose 1% as of 9:48 AM ET while the Dow Jones Industrial Average added 250 points, or roughly 0.8%. InitialContinue Reading
(Bloomberg) — Samsung Electronics Co. reported a better-than-anticipated 21% jump in revenue, assuaging investors’ worst fears about the impact of weakening consumer demand and soaring materials costs on the $550 billion chip industry. Most Read from Bloomberg The results from South Korea’s largest company — among the first major techContinue Reading
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units. Sales were 8.6% lower than in May 2021. As existing-homeContinue Reading
Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent. Diana Olick | CNBC Real Estate Correspondent As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as moreContinue Reading