Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tilray, Canopy Growth, Aphria, Aurora Cannabis — Several cannabis stocks dropped Thursday, giving up some of the sharp gains from earlier this week as Reddit traders piled into the names. Shares of Tilray fell more than 40% after rallying
Finance
The Adyen logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images LONDON — Adyen, the European fintech giant processing payments for the likes of Facebook, Netflix and Uber, isn’t convinced bitcoin can be used as a mainstream form of payment. Pieter van der Does, the firm’s CEO and co-founder,
A popular spot targeted by retail investors may deliver the year’s biggest gains. Wells Fargo Securities’ Chris Harvey said he believes the affinity for small caps has merit because growth stocks have gotten so expensive. “Retail is very influential,” the firm’s head of equity strategy told CNBC’s “Trading Nation“ on Wednesday. “They’re becoming a bigger part
Jack Dorsey, chief executive officer of Twitter Inc. and Square Inc., speaks during an Empowering Entrepreneurs events at Ryerson University in Toronto, Ontario, Canada, on Tuesday, April 2, 2019. Cole Burston | Bloomberg | Getty Images Twitter CEO Jack Dorsey made a $1 million donation to non-profit cryptocurrency think tank Coin Center, the organization said
SINGAPORE — Some Asian countries have bounced back from the economic pain of the coronavirus pandemic and that bodes well for the 2021 outlook, according to Piyush Gupta, the chief executive officer of DBS. He told CNBC’s Tanvir Gill that there has “quite clearly” been an economic rebound in most of the bank’s markets, and
U.S. stock were flat in overnight trading on Tuesday following the regular session that snapped a six-day winning streak on Wall Street. Dow futures rose 35 points. S&P 500 futures gained 0.14% and Nasdaq 100 futures rose 0.13%. Better-than-expected earnings from Twitter, Lyft, Cisco Systems, Mattel and Yelp boosted sentiment on Wall Street. Lyft reported
The GameStop Corp. logo on a smartphone and the Robinhood website on a laptop computer. Tiffany Hagler-Geard | Bloomberg | Getty Images GameStop, the poster child of a recent speculative retail trading frenzy, tumbled below $50 apiece on Tuesday, as the massive short squeeze took effect and investors booked profits. The brick-and-mortar video game retailer
A Temasek Holdings signage at their office in Singapore. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Singapore’s state investment company Temasek Holdings announced Tuesday that Ho Ching will retire from her roles as chief executive and executive director on Oct. 1. Ho, the wife of Singapore’s Prime Minister Lee Hsien Loong, has been
Automated teller machines of the three Singapore-listed banks: OCBC, DBS and UOB. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Singapore’s three largest banks could receive a boost in profitability this year after a challenging 2020, as economic activities recover on the back of the city-state’s relative success in controlling the pandemic. That brighter
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Check out the companies making headlines in midday trading. Tesla — Shares of the electric carmaker popped 1.6% after an SEC filing showed Tesla bought $1.5 billion worth of bitcoin.