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Check out the companies making the biggest moves in premarket trading:Credit Suisse — U.S.-listed shares of Credit Suisse gained nearly 6% after the Swiss bank said it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. Occidental Petroleum — Shares rose nearly 1% after Warren Buffett's Berkshire Hathaway bought another 7.9 million shares, totaling $466.7 million. Baidu — U.S. listed shares of Baidu sank nearly 6% after the Chinese tech company unveiled its ChatGPT alternative, Ernie bot. PagerDuty — Shares rallied nearly 6% after the digital operations management platform's earnings and revenue topped estimates for the fourth quarter. Adjusted earnings per share came in at 8 cents per share, versus the 2 cents expected, per Refinitiv.
The near $1,700 device is Honor's attempt to challenge Samsung in the foldable smartphone market. Foldables hit global marketSamsung launched its first foldable phone in 2019 and really created this category of smarpthones. The Galaxy Fold series opens outwards like a book, while the Galaxy Z Flip opens up like a traditional flip phone. The market expects foldable phone shipments to jump 111% year-on-year to 30 million in 2023. It comes as speculation rises that Apple could be gearing up to launch a foldable device, though it may be an iPad rather than a smartphone.
Motorola DynaTAC 8000XThe Motorola DynaTAC 8000x MotorolaMotorola's DynaTAC (Dynamic Adaptive Total Area Coverage) line started with the DynaTAC 8000x which launched in 1984. It cost $3,995 when it was released. The Motorola DynaTAC 8000X was a result of a race between Motorola and Bell Labs. Former Motorola vice president Martin Cooper made the first private call from a mobile phone to Joel Engel, his Bell Labs rival. Source: PCMag, mobilecollectors.net, Insider
The Honor Magic Vs is on display at Honor's stand at Mobile World Congres in Barcelona. The near $1,700 device is Honor's attempt to challenge Samsung in the foldable smartphone market. Honor takes aim at Apple and SamsungHonor launched its Magic Vs foldable phone outside of China this week, with a price tag of nearly $1,700. Honor had a large poster for the Magic Vs with the tagline: "Unfold your magic." "Our ambition and target is develop the best foldable phone, so be the number one technology for foldable phones.
Motorola plans to launch the next generation of the Razr foldable device "very soon," according to the CEO of Lenovo. Motorola rebooted the iconic Razr brand in 2020 as a device with a bendable screen. BARCELONA, Spain — A new version of the foldable Motorola Razr will be launched this year, according to the CEO of Chinese technology giant Lenovo which now owns the brand. The Razr is one of the brand's most iconic mobile phones and was first launched by Motorola in 2004. Yang said this is where the next generation of Razr phone would see improvements.
BARCELONA — Motorola is showing off a concept smartphone that rolls out as a user slides it up. The phone, which is being featured at the Mobile World Congress tech conference in Barcelona, has a flexible five-inch display that extends to 6.5 inches when pushed upward. The phone is at an early concept stage, and there's no telling how much it will cost. Motorola is no longer the major mobile industry player it once was — the company shipped 51 million units in 2021, according to Statista data. The design at least shows innovation in a market that has struggled to come up with new features to get consumers excited.
Feb 27 (Reuters) - Qualcomm Inc (QCOM.O) on Monday said it was working with a group of Android smartphone companies to add satellite-based messaging capabilities to their devices. Satellite-based communications can send and receive data in remote or rural regions where other telecommunications networks are not available. Qualcomm did not say when the new satellite messaging features from the Android smartphone brands named on Monday would become available. Earlier this year, Qualcomm said that some Android phones would have the features by the second half of this year. Reporting by Stephen Nellis in San Francisco; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
British smartphone firm Bullitt on Friday launched a new phone capable of sending text messages via space, joining a crowded race to commercialize satellite-enabled devices. They will have to have Bullitt Messenger — the firm's proprietary satellite messaging app — installed in order to reply. Satellite phones have been in the works for decades, but have not yet entered mainstream usage. Bullitt is also launching a Bluetooth accessory, the Motorola Defy Satellite Link, that lets any Android or iOS device connect to its Bullitt Satellite Messenger app, effectively enabling any phone to become a satellite phone. "The company is a trailblazer for satellite messaging but competition is snapping at its heels," Wood told CNBC.
Motorola CEO on earnings: Demand for what we do is unprecedented
  + stars: | 2023-02-10 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMotorola CEO on earnings: Demand for what we do is unprecedentedGreg Brown, Motorola Solutions chairman and CEO, joins 'Squawk Box' to discuss the company's earnings results, how public spending will help the company and more.
Expedia — The travel company's stock toppled nearly 8% after falling short of analysts' revenue and earnings expectations for the recent quarter. Yelp — Yelp's stock jumped 4% after fourth-quarter revenue beat analysts expectations, according to Refinitiv. Deutsche Bank — Shares fell 3% after Bank of America downgraded Deutsche Bank to underperform from neutral, saying the European bank is "struggling to improve profitability." The decline in shares came despite a top-and-bottom line beat on analysts' expectations, according to FactSet. Adjusted earnings before interest, taxes, depreciation and amortization for the fourth quarter came in below analysts' expectations, according to FactSet.
Morning Bid: Corporate scatter
  + stars: | 2023-02-09 | by ( ) www.reuters.com   time to read: +5 min
A look at the day ahead in U.S. and global markets from Mike Dolan. A hail of mega corporate updates distracted stock markets from a confusing macro picture - but offers little more clarity with scattergun fortunes and ambiguous readouts for the wider economy. The flub fed worries that the Google parent is losing ground to rival Microsoft (MSFT.O) in the renewed craze around artificial intelligence. European shares touched a fresh nine-month high on Thursday as Germany's Siemens and UK's AstraZeneca boosted earnings euphoria, while Britain's bank, commodity and pharma heavy FTSE100 hit another record high. Norway's $1.35 trillion sovereign wealth fund said it had recently divested virtually all its remaining shares in the Adani group.
Expedia — The travel company's shares fell 1.8% after the company missed analysts' expectations on earnings and revenue in the latest quarter. Analysts called for earnings of $1.67 per share on revenue of $2.70 billion, according to Refinitiv. Lyft also anticipates making roughly $975 million in revenue in the fiscal first quarter of 2023, lower than the $1.09 billion analysts anticipated, according to StreetAccount. Revenue came in at $7.38 billion, compared to analysts' estimate of $7.39 billion, according to Refinitiv. The company had revenue of $309 million, compared to analysts' forecasts of $307 million, according to Refinitiv.
Earnings season continues next week, with Club holdings Linde (LIN), Emerson Electric (EMR) and Walt Disney (DIS) all set to report. Similarly, shares of Meta Platforms (META) have surged over 20% since CEO Mark Zuckerberg reassured investors Wednesday evening that 2023 would be the technology giant's "year of efficiency." The bull case is further supported by continued signs inflation is easing, a still-robust job market and the breadth of market-buying activity since the start of the year. Lastly on Wednesday, the Fed's Federal Open Market Committee raised the federal funds rate by 25 basis points, in line with expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Gas distributor SGN uses Lenovo's suite of products to help vulnerable customers out in the field. This human-centered approach honors Lenovo's commitment to innovation, while ensuring that SGN makes a positive social impact. The gas distributor uses Lenovo's whole ecosystem of products, including its moto g31 smartphones and ThinkPad X13 devices, to access digital resources to help vulnerable customers in the field. In turn, using Lenovo's products helps SGN to have a positive impact. Using a variety of Lenovo equipment plus Microsoft Teams software has enabled the company to achieve excellence when it comes to digital transformation.
Credit Suisse has refreshed its list of top U.S. stock picks. Microsoft is among Credit Suisse's "top of the crop" ideas, along with Discover Financial and Motorola Solutions . Here are 10 of Credit Suisse's top picks: Microsoft is a recurring "top of the crop" pick, chosen by Credit Suisse analysts for its potential to "disproportionately benefit" from the accelerated shift from infrastructure and platform layers to cloud-first roadmaps. Among the newcomers, Ross Stores is one of Credit Suisse's top picks among discount retailers. Credit Suisse's price target is about 4% from Tuesday's closing price.
Pantone recently announced its 2023 Color of the Year: Viva Magenta. SKIP AHEAD Viva Magenta home products | Viva Magenta kitchen products | Viva Magenta beauty products | Viva Magenta apparel and accessoriesAs many sought to do with the 2022 Color of the Year, Very Peri, you may be interested in incorporating Viva Magenta into your wardrobe or home. Viva Magenta home productsThis expert-recommended rowing machine from Hydrow has a Viva Magenta option available for pre-order that is set to ship in February 2023, according to the brand. Pets can get in on the Viva Magenta trend with this plush bed, available in a color close to the new Pantone Color of the Year. Viva Magenta apparel and accessoriesPantone offers a handful of products in Viva Magenta, including this long keychain.
That's why we're incredibly hyped about this Cyber Monday sale: Samsung is selling both the Galaxy S22 and Galaxy S21 FE for some of the lowest prices we've ever seen. First, you can save $300 on the Samsung Galaxy S21 FE. Deal Samsung Galaxy S20 FE The Samsung Galaxy S1 FE is an updated version of the original Galaxy S21 phone, which means that this is a fantastic high-end Android phone. $349.99 from Amazon Originally $599.99 Save 42%Second, you can save $100 on the newer Samsung Galaxy S22. Great Price Samsung Galaxy S22 (256GB) The Samsung Galaxy S22 is the newest entry in Samsung's line of high-end Android smartphones.
UJET: 2022 Top Startups for the Enterprise
  + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +1 min
Former Motorola and Jawbone executive Anand Janefalker founded UJET to transform the customer experience, applying AI and data analytics to a world in which brands are increasingly relying on technology to make omnichannel service faster and more efficient. Instacart, PayPal's Zettle, Wag!, Money Lion, Turo and Atom Tickets are among clients using UJET across voice, digital and in-app platforms. Investors include some of Silicon Valley's elite, such as Kleiner Perkins and GV (formerly Google Ventures). The 2022 Top Startups for the Enterprise list is powered and inspired by the members of CNBC's Technology Executive Council (TEC). Learn more about CNBC Councils.
Morning Bid: Slower, higher, longer
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: +3 min
A look at the day ahead in U.S. and global markets from Mike Dolan. U.S. Treasury yields are on the rise again as Fed rate futures now expect a terminal rate as high as 5.15% by May, with pricing for end-2023 rates just shy of 5% too - half a point higher than where futures had priced the terminal rate just one month ago. European Central Bank President Christine Lagarde said the ECB must be "attentive" to Fed policy decisions as it influences global markets - but it cannot just mirror moves in Washington. In banking, Morgan Stanley is expected to start a new round of layoffs around the world over the coming weeks. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Ashford will report directly to both CEO Michael Rubin and CFO Glenn Schiffman. Each of the three Fanatics' businesses — commerce, collectibles, betting & gaming — have heads of HR that report to those respective business CEOs. Prior to joining Fanatics, Ashford was a strategic advisor to private-equity firm Sycamore Partners. He's currently the chairman of the board of pharmaceutical company Perrigo , and sits on the board of Syndio — a private, venture-backed HR tech company. Last week, Fanatics announced it hired Andrea Ellis to be the chief financial officer of its betting and gaming division, which is expected to launch in January.
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Club holding Meta Platforms (META) seems to be a hated stock on Wall Street no matter what it does. The stock hit a new 52-week low Wednesday, one day after the company unveiled its new Quest Pro headset at its 2022 Meta Connect conference. Quest Pro Starting with the Meta Quest Pro, at $1,500, the headset is targeting a different audience than its Meta Quest 2 counterpart, which starts at $400. Tools and partnerships While the Quest Pro is impressive in its own right, what makes it really intriguing are the tools and partnerships that were announced with it. The Meta Quest Pro headset during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022.
Netflix's first Director of Product Accessibility, Heather Dowdy, told Insider what drives her. Growing up with deaf parents, she was aware of gaps in subtitles and when they "messed up." Having deaf parents meant she was constantly aware of mistakes and gaps in subtitles, she said. But TV subtitles are now used far more widely than by people who are deaf or hard of hearing. 'Feedback is crucial'Dowdy said people who are hard of hearing or deaf aren't included enough in the process of making subtitles.
Samsung Galaxy Z Flip 4 (256 GB) The Samsung Galaxy Z Flip 4 has improved cameras and faster performance than its predecessor. The Galaxy Z Flip 4's foldable display still suffers from its inherent quirksThe Galaxy Z Flip 4 has a crease where the phone folds, which is typical on foldable phones. The Galaxy Z Flip 4 runs incredibly fast, but the screen can feel crampedThe Galaxy Z Flip 4's display is narrower than those on flat phones, which cramps apps and content. Samsung upped the Z Flip 4's charging speed to 25W versus 15W on the Z Flip 3. The Galaxy Z Flip 4 supports faster 25W charging than the Z Flip 3, which is a meaningful improvement and helps the phone charge faster.
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