Carvana, GameStop, AMC, General Motors and more

Carvana, GameStop, AMC, General Motors and more

Check out the companies making headlines in midday trading Thursday. Carvana — Shares of the online used-car retailer popped nearly 30%, alongside other heavily shorted stocks. Nearly 29% of Carvana shares available for trading are sold short, according to FactSet. The company has faced negative sentiment on Wall Street recently, with downgrades this month from … Read more

Ford, General Motors, Tapestry and more

Ford, General Motors, Tapestry and more

Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – Ford fell 2.8% in premarket trading while GM slid 3.4% after Wells Fargo double-downgraded both stocks to “underweight” from “overweight.” Wells Fargo said 2022 could represent a profit peak for legacy automakers, with the shift toward electric … Read more

Roblox CEO David Baszucki says bookings are turning around

Roblox CEO David Baszucki says bookings are turning around

Roblox CEO David Baszucki told CNBC on Wednesday that the company is seeing its bookings recover in April after the company said earlier this week that they declined 3% in the March quarter. Bookings are how the company describes sales of its virtual currency, Robux, which players use to buy digital items such as avatars … Read more

Wendy’s, Krispy Kreme, Perrigo and more

Wendy's, Krispy Kreme, Perrigo and more

Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s reported adjusted profit of 17 cents per share, 1 cent below estimates, with revenue and same-store sales also missing analyst forecasts. The restaurant chain is seeing a negative impact from higher costs for supplies and labor, and its shares slide 3.4% in … Read more

China’s consumer prices climb as Covid prompts food stockpiling

China's consumer prices climb as Covid prompts food stockpiling

Fresh vegetable prices rose by 24% year-on-year in April as consumers stocked up to prepare for potential stay-home orders. Pictured here is a delivery driver for Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | dpa | Getty Images BEIJING — China’s consumer and producer prices rose more than expected in … Read more

Upstart CEO defends increased loan balance, says the AI ​​lending platform’s model hasn’t changed

Upstart CEO defends increased loan balance, says the AI ​​lending platform's model hasn't changed

In an interview Tuesday with CNBC’s Jim Cramer, Upstart Holdings CEO David Girouard sought to downplay investor concerns about the increased loan balance held on the financial technology firm’s balance sheet at the end of its first quarter. Shares of the artificial intelligence lending platform plunged 56.42% Tuesday, closing at $33.61 apiece, one day after … Read more

After Covid-era boom, newly public tech stocks hit first major hurdles

After Covid-era boom, newly public tech stocks hit first major hurdles

It was fun while it lasted, but after years of sky-high valuations, Silicon Valley is engulfed in its worst sell-off since the 2008 stock market crash. After a pandemic-fueled boom sent tech names soaring, many of those businesses have seen the worst six months of their lives as publicly traded companies. Peloton, the exercise startup, … Read more

Worried about a recession? Here’s how to prepare your portfolio

Worried about a recession?  Here's how to prepare your portfolio

FGTrade | iStock | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. “We all understand that markets go through cycles and recession is part of the cycle that we may be facing,” said certified financial planner Elliot Herman, partner at PRW Wealth Management in Quincy, Massachusetts. … Read more

Fed’s fight against inflation will beat down ‘shaky’ stocks

Fed's fight against inflation will beat down 'shaky' stocks

CNBC’s Jim Cramer said Friday that the Federal Reserve’s attempts to crush inflation by raising interest rates will also inevitably bring down “formerly high-flying stocks” — even those that are “legitimate” companies. The stock market is “a major risk to containing inflation. It’s not just collateral damage, it’s one of [Fed Chair Jay Powell’s] targets. … Read more

Peloton, Under Armour, Monster Beverage and more

Peloton, Under Armour, Monster Beverage and more

A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, US, September 26, 2019. Shannon Stapleton | Reuters Check out the companies making headlines in midday trading Friday. Peloton — Shares of Peloton dropped more than 6% … Read more