Elon Musk sells 7.92 million Tesla shares worth $6.88 billion

Elon Musk sells 7.92 million Tesla shares worth .88 billion

NEW YORK, NEW YORK – MAY 02: Elon Musk attends the 2022 Met Gala celebrating ‘In America: An Anthology of Fashion’ at The Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Dimitrios Kambouris/Getty Images for The Met Museum/Vogue) Dimitrios Kambouris | Getty Images Entertainment | Getty Images Tesla CEO … Read more

Stocks make the biggest moves after the hour: Coinbase, Roblox and more

Stocks make the biggest moves after the hour: Coinbase, Roblox and more

In this photo illustration the Coinbase logo seen displayed on a smartphone screen. Raphael Henrique | SOPA Images | Light flare | Getty Images Find out which companies are making headlines after hours trading. Coinbase – Coinbase fell more than 3.5% in after-hours trading after reporting its quarterly results. The company missed analysts’ expectations for … Read more

Sweetgreen (SG) Q2 2022 results are in line with estimates

Sweetgreen (SG) Q2 2022 results are in line with estimates

A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen plunged more than 20% in extended trading on Tuesday after the salad chain lowered its 2022 forecast. The catering company also said it had laid off 5% of … Read more

Norwegian Cruise Line, Micron Technology, Signet Jewelers, Novavax and more

Norwegian Cruise Line, Micron Technology, Signet Jewelers, Novavax and more

A view of the Norwegian Encore cruise ship during its maiden departure from PortMiami, which took place November 21-24, 2019. Orlando Sentinel | Tribune News Service | Getty Images Find out which companies are making headlines in the midday business. Norwegian Cruise Line – Shares fell nearly 12% on Tuesday after the company reported second-quarter … Read more

Micron to invest $40 billion in US chip manufacturing

Micron to invest  billion in US chip manufacturing

Sanjay Mehrota, CEO, Micron Scott Mill | CNBC Micron announced on Tuesday that it would invest $40 billion by 2030 to manufacture chips in the United States. The investment is supported by grants and credits from the CHIPS and Science Act, which President Joe Biden will sign into law on Tuesday. Micron said it will … Read more

Zales owner Signet buys online jewelry brand Blue Nile

Zales owner Signet buys online jewelry brand Blue Nile

A pedestrian walks past a Zales store in New York. Scott Eells | Bloomberg | Getty Images Signet Jewelers announced on Tuesday that it will acquire online jewelry retailer Blue Nile for $360 million in an all-cash deal, in a bid to attract younger consumers and grow its bridal business. . Separately, Signet cut its … Read more

Novavax, GoodRx, Allbirds and more

Novavax, GoodRx, Allbirds and more

Take a look at some of the biggest pre-market movers: Novavax (NVAX) – The drugmaker’s stock fell 32.3% in premarket after posting an unexpected quarterly loss and halving its full-year revenue forecast. Novavax said it did not expect further U.S. sales of its Covid-19 vaccine this year amid weak demand and a glut of supply. … Read more

Britain is becoming an ’emerging nation’, says analyst

Britain is becoming an ’emerging nation’, says analyst

Pensioners protest against rising fuel prices during a demonstration outside Downing Street organized by the National Pensioners Convention and Fuel Poverty Action on February 7, 2022 in London, England. Guy Smallman | Getty Images Political instability, trade disruptions, the energy crisis and soaring inflation are making the UK an “emerging country”, according to Saxo Bank. … Read more

Slowdown in US, Europe and China could hurt Asian exporters (HSBC)

Slowdown in US, Europe and China could hurt Asian exporters (HSBC)

Asian exporters will face significant challenges as demand from major markets like the United States, Europe and China slows in the coming months, according to HSBC’s chief Asia economist. European manufacturers are already shrinking quite significantly, especially in Germany, Frederic Neumann told CNBC’s “Squawk Box Asia” on Monday. “Recall that Europe is a major export … Read more

Attention turns to US inflation and Fed outlook

Attention turns to US inflation and Fed outlook

LONDON — European markets were slightly lower on Tuesday as attention in global markets turns to a key print of US inflation expected on Wednesday. The pan-European Stoxx 600 slid 0.3% by mid-morning, with travel and leisure stocks shedding 1.2% to lead the losses while insurance stocks gained 0.5%. Investors are trying to gauge the … Read more