Check out the companies making the biggest moves in premarket trading: Bank of America — The Brian Moynihan-led bank rose 4.5% after earnings and revenue beat analyst expectations . BofA earned $1.06 per share on revenue of $28.24 billion, while analysts polled by LSEG estimated a profit of 95 cents per share on revenue of…
The Trump administration will set price floors across a range of industries to combat market manipulation by China, Treasury Secretary Scott Bessent told CNBC in an exclusive interview on Wednesday. China has driven foreign competitors in the rare earths industry out of business over the past two decades by using its global dominance in refining…
Chris Ryan | Ojo Images | Getty Images The Spanish-language TV audience is growing, and advertisers are taking notice. Over the past few years, the Hispanic population in America has seen significant growth in TV viewership, according to experts, becoming one of the most valuable demographics for media companies and advertisers. And as these consumers…
Chinese smartphone company Honor is developing a smartphone with an AI-connected camera that unfolds from the back of the device. Honor BEIJING — Chinese smartphone company Honor on Wednesday announced it is developing a smartphone with a camera that folds out of the device using a robotic arm. The company said it plans to share…
Many predict that the artificial intelligence boom will dramatically change how people live and work, and the scale and pace of recent AI deals seems to reflect this. At the center are a handful of companies that are increasingly turning to each other to finance and build out the necessary infrastructure. ChatGPT-maker OpenAI alone has…
Ted Pick, CEO of Morgan Stanley speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025. Gerry Miller | CNBC Morgan Stanley on Wednesday posted earnings that topped expectations by the largest margin in nearly five years. Here’s what the company reported: Earnings per share: $2.80 vs. $2.10…
LONDON, ENGLAND – MAY 18: Minority shareholder of Chelsea, Alexis Ohanian during The Adobe Women’s FA Cup Final match between Chelsea and Manchester United at Wembley Stadium on May 18, 2025 in London, England (Photo by Eddie Keogh – The FA/The FA via Getty Images) Eddie Keogh – The Fa | The Fa Collection |…
A pedestrian walks past the window display of a Louis Vuitton store, operated by LVMH Moet Hennessy Louis Vuitton SE. Ore Huiying | Bloomberg | Getty Images Shares of LVMH popped nearly 14% Wednesday, putting them on course for their best daily performance in more than two decades, after the French conglomerate posted growth for…
Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America is scheduled to report third-quarter earnings before…
Workers assemble an Volkswagen’s ID.3 GTX FIRE+ICE electric car on a production line at the Volkswagen electric car factory on October 13, 2025 in Zwickau, Germany. Jens Schlueter | Getty Images News | Getty Images Automotive industry groups have raised the alarm over the ramifications of China’s latest move to restrict critical rare earth exports,…
