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☆ Stocks making the biggest moves premarket: Cigna, Apple, DraftKings, Lyft & more
▼ + stars: | 2023-05-05 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves premarket:Cigna — Cigna gained 3% in premarket trading after beating top- and bottom-line estimates for its latest quarter and raising its full-year forecast. Apple — Apple rose 2.7% in premarket trading after beating quarterly earnings and revenue estimates, with particularly upbeat results for its flagship iPhone. Bumble — Bumble posted higher than expected quarterly sales, as user demand for its dating app remained strong. Expedia did see its highest-ever first quarter revenue, in addition to a 20% leap in gross bookings. Coinbase — Coinbase posted better than expected quarterly results, leading to a 8.1% premarket rally for the cryptocurrency exchange's stock.

☆ Airbnb CEO says he changed how he ran the business during the pandemic and now follows a simple rule Steve Jobs used
▼ + stars: | 2023-05-05 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Airbnb CEO Brian Chesky told the "This Week in Startups" podcast the pandemic forced him to change how he runs the company. Now, Chesky said the company follows a principle Steve Jobs held at Apple — to never work on more than the CEO can focus on. "We were like staring into the abyss," Chesky told host Jason Calacanis. According to Chesky, a few people who famously worked closely with Steve Jobs during his time at Apple ultimately proved instrumental in reshaping how Airbnb runs. Chesky told Calacanis Ive used to tell Jobs it was important for Jobs himself to be personally involved with product development.

☆ Stocks making the biggest moves after hours: Apple, Carvana, DoorDash, Block and more
▼ + stars: | 2023-05-04 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The company reported earnings of $1.52 per share on revenue of $94.84 billion for the second fiscal quarter. Carvana posted a loss of $1.51 per share for the first quarter, coming in below estimates for a loss of $2 per share, according to Refinitiv. Expedia posted a loss of 20 cents per share, wider than analysts' expectations of 4 cents per share, according to Refinitiv. Booking reported adjusted earnings of $11.60 per share against consensus expectations of $10.61 per share, according to Refinitiv. The company reported a loss of 41 cents per share, narrower than the loss of 58 cents per share forecasted by analysts, according to Refinitiv.

☆ Ex-Apple employee sentenced to 3 years in prison and fined $30 million in penalties for scheme to defraud the company and IRS
▼ + stars: | 2023-04-28 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

A former Apple employee has been sentenced to three years in prison and over $30 million for a fraud scheme. Dhirendra Prasad pleaded guilty to the scheme last year and was sentenced earlier this week. Prasad and two others partook in schemes like double billing Apple for parts, defrauding the company of over $17 million. Charges of tax evasion and money laundering were dropped at his sentencing after he pleaded guilty in November. He is also required to pay another $8 million in forfeitures, along with $17.4 million in restitution to Apple and $1.8 million to the IRS, totaling just under $33 million in penalties.

☆ Apple bets big on India, but will still rely on China for 'years' to come
▼ + stars: | 2023-04-20 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Apple's first physical retail store is located in the populous city of Mumbai. Now, he's betting big on the South Asian giant as Apple shifts its focus away from China and expands its footprint in India. Still, analysts told CNBC the iPhone-maker's dependency on China will remain for years to come. "It will take Apple years to diversify away from China," Soni said. The iPhone maker had to scale back production in China due to those restrictions, a move that hurt its bottom line.

☆ Here are the top 15 companies to work for in Singapore, according to LinkedIn — most are new on the list
▼ + stars: | 2023-04-18 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

The list of top companies in Singapore sees a huge reshuffle this year, which is a testament to "Singapore's strong business ecosystem," according to LinkedIn. LinkedIn has released its annual list of top companies in Singapore to work for — and banking and information technology companies dominated the 2023 list. The list of top companies also saw a huge reshuffle this year, which is a testament to "Singapore's strong business ecosystem," according to the professional networking platform. The banking and finance sector in particular, saw 4 companies in the top 5 on the "LinkedIn Top Companies 2023″ for Singapore. It provides financial products and banking services to individuals, corporations, governments, investors and institutions.

☆ Stocks making the biggest moves midday: Apple, Tesla, Netflix, Bed Bath & Beyond & more
▼ + stars: | 2023-04-13 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The Wall Street firm anticipates U.S. retail sales could be down close to 20%. The Wall Street firm said growth in the drugs has "significantly outperformed" its expectations. Alibaba — Shares of the Chinese e-commerce giant rose 2%, rebounding from a near 6% selloff in the previous session. Chipotle — Shares rose 1% after Citi said it was optimistic about the restaurant chain's earnings report later this month. They will look for insight on whether Tesla is planning more price cuts on key models such as the Model 3 and Model Y.

☆ Tim Cook says today's kids are 'born digital' and warns parents to 'set some hard rails' around screen time
▼ + stars: | 2023-04-03 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Men's lifestyle magazine GQ published an in-depth profile of Apple CEO Tim Cook on Monday. Cook said today's kids are "born digital," but warned there should be "hard rails" on screen time. Cook was also described as someone who does not personally "log on all that much." "Kids are born digital, they're digital kids now," Cook was quoted saying in a lengthy profile of him published in GQ on Monday. In the GQ profile, Cook suggested that Apple is not driven by fostering digital addiction.

☆ These stocks are table-pounding buys as bank fears linger, analysts say
▼ + stars: | 2023-03-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts unveiled a slew of must-own stocks this week even as bank and macroeconomic worries permeate the market. While some investors might be distracted by the ongoing financial turmoil, analysts say there are plenty of quality buying opportunities. They include: TrueCar, Apple, Progressive, Academy Sports and Prosperity Bancshares. Apple Morgan Stanley is doubling down on Apple shares. Apple shares are up almost 20% since the start of the year.

☆ Stocks making the biggest moves midday: Snap, Apple, Boeing and more
▼ + stars: | 2023-03-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Apple — Shares advanced more than 3% after Goldman Sachs initiated coverage of the big technology stock as a buy. Credit Suisse — Shares were down about 1% after former top shareholder Harris Associates sold its entire stake in Credit Suisse, according to a Financial Times report. The Wall Street firm said the luxury housing market is struggling to stabilize, which will impact RH's business. The Wall Street firm said the derating of Emerson Electric is overdone. Domino's Pizza — Domino's Pizza shares advanced more than 4%.

☆ Stocks making the biggest premarket moves: Ferrari, Apple, KB Home and more
▼ + stars: | 2023-03-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

In a note to clients, Jonas cited Ferrari's backlog and pricing power as reasons to raise his price target on the stock by more than 10%. Apple — The iPhone maker advanced 2% premarket after Goldman Sachs initiated coverage with a buy rating, saying Apple could get a big boost from its services business. The Wall Street bank's 12-month price target of $199 implies Apple could rally more than 30% from here. KB Home — The homebuilder slipped 1.4% following a double downgrade to underweight from overweight by JPMorgan. Horton, another homebuilder, fell a little more than 1% after it was downgraded by JPMorgan to neutral from overweight.

☆ Stocks making the biggest moves premarket: C3.ai, Zscaler, ChargePoint and more
▼ + stars: | 2023-03-03 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines before the bell:C3.ai — Shares surged 17% after C3.ai reported third-quarter results that topped expectations. It also reported revenue of $66.7 million, surpassing expectations of $64.2 million. The company reported adjusted earnings of 63 cents per share on revenue of $7.81 billion. Zscaler — Shares of the cybersecurity company slid 11% in premarket trading despite Zscaler beating estimates on the top and bottom lines for the fourth quarter. The wholesale retailer reported revenue of $55.27 billion, less than the consensus estimate of $55.54 billion, according to Refinitiv.

☆ Stocks making the biggest moves midday: Apple, Meta, Costco, Marvell, C3.ai and more
▼ + stars: | 2023-03-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Costco Wholesale — The retailer's shares dropped 3.4% after the company's fiscal second-quarter earnings missed analysts' expectations. Marvell Technology — The chip stock lost 7.3% after Marvell Technology reported mixed quarterly results and provided weak guidance. The move comes after Bumble announced it would price a secondary offering of 13.75 million shares of its common stock at $22.80 per share. The company earned an adjusted 37 cents per share, above the 29 cents expected by analysts, according to Refinitiv. The company posted a loss of 6 cents per share, compared to Refinitiv analysts' estimates for a 22 cent loss.

☆ China has U-turned on almost all major policies it put in place in the last 3 years — and it's not surprising, given the state of its economy
▼ + stars: | 2023-02-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +10 min

But the country reversed some major policies in response to the abysmal GDP growth. China's GDP grew by 3% in 2022 — the worst since the chaotic Cultural Revolution ended. Most recently, after three years of pandemic lockdowns and isolation, China abruptly reversed course and abolished its zero-COVID policy — leaving the world guessing why. China's GDP grew only 3.0% in 2022 — the worst in nearly half a century since the chaotic Cultural Revolution ended. China's GDP growth is vital because it is the world's second-largest economy after the US, so it's a driving force for global investment and trade.

This is Matt Weinberger, deputy editor of Insider's tech analysis team and your host for today. The one port in this particular storm is Apple, which is still the only major tech company not to do layoffs in recent weeks. Mark Zuckerberg just ushered in a new era of tech. In recent months, layoffs have swept just about every major tech company (except, notably, Apple). Enter Mark Zuckerberg, CEO of Facebook's parent company Meta, who officially rang in the new era on Wednesday when he declared that 2023 would be the "year of efficiency" at the social network.

☆ Stocks making the biggest moves before the bell: Apple, Alphabet, Amazon, Starbucks and more
▼ + stars: | 2023-02-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Alphabet earned $1.05 per share, lower than the expected earnings of $1.18 per share, according to consensus estimates from Refinitiv. Ford – Shares of Ford slipped 6.5% after the company reported earnings that badly missed Wall Street's earnings expectations. Starbucks reported earnings per share of 75 cents compared to Refinitiv analysts' projections of 77 cents. Revenue also fell short of the $8.78 billion Refinitiv estimates, coming in at only $8.71 billion. Qualcomm's revenue fell 12% year over year during the quarter.

☆ Mark Zuckerberg just ushered in a new era of tech, where profitability and efficiency trump perks and culture
▼ + stars: | 2023-02-02 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +6 min

Mark Zuckerberg says this will be the "year of efficiency" at Meta, signaling more cuts ahead. His comments reflect a new reality for tech: The era of deep pockets and endless perks is over. Enter Mark Zuckerberg, CEO of Facebook's parent company Meta, who officially rang in the new era on Wednesday when he declared that 2023 would be the "year of efficiency" at the social network. Instead of throwing money and manpower at problems, Zuckerberg shows that Meta is now learning to live within its means. For those who remain, perks will be stripped back as a new culture of efficiency upends the tech office culture to which they've grown accustomed over the last two decades or so.

☆ Stocks making the biggest moves after hours: Apple, Amazon, Ford and more
▼ + stars: | 2023-02-02 | by ( Jesse Pound | ) www.cnbc.com time to read: +5 min

Here are the notable stocks making moves after hours on Thursday, Feb. 2. Apple — The consumer tech stock tumbled 4% in extended trading after the company reported weaker-than-expected results for its fiscal first quarter. The company reported $1.88 in earnings per share on $117.15 billion of revenue. Amazon reported $149.20 billion in revenue for the quarter, above the $145.42 billion expected, according to Refinitiv. The company reported a 2% decline in comparable transactions year over year, thanks in part to weakness in China.

☆ Apple has infringed on worker rights, NLRB investigators say
▼ + stars: | 2023-01-31 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Washington CNN —Apple has illegally imposed rules on its employees that prohibit them from discussing their wages and engaging in other protected activity, according to investigators at the National Labor Relations Board. The findings by NLRB agents determined that “various work rules, handbook rules, and confidentiality rules at Apple” are unlawful because they “reasonably tend to interfere with, restrain, or coerce employees” who attempt to assert their labor rights, NLRB spokesperson Kayla Blado told CNN Tuesday. The NLRB does not have the power to impose penalties, but can force employers to implement “make-whole remedies,” according to its website. According to Bloomberg, the cases in question were brought by two former Apple employees, one of whom cited an email from CEO Tim Cook vowing to crack down on information leaks at the company. Apple pushed back at those claims in a filing with the NLRB.

☆ 2022's best picture nominees are the most popular Oscar contenders in over a decade thanks to 'Top Gun' and 'Avatar 2'
▼ + stars: | 2023-01-27 | by ( Travis Clark | ) www.businessinsider.com time to read: +4 min

This year's batch of Oscar best picture nominees has the biggest box office total since 2009. The 2009 group totaled $1.74 billion at the North American box office. Plus, since 2009, the Oscars have gone from 10 best picture nominees, to between five and 10, and since last year, back to a full 10. The chart below shows the North American box-office totals for each group of best picture nominees since 2009. The biggest movie of a given year hasn't won best picture since "The Lord of the Rings: The Return of the King" in 2003.

☆ Stocks making the biggest moves before the bell: Roblox, Discover, Chegg and more
▼ + stars: | 2023-01-19 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Roblox — Roblox shares fell 6.7% after Morgan Stanley downgraded the gaming company to underweight from equal weight and said the upside is limited following the stock's recent outperformance. Philip Morris — Shares of the tobacco company rose more than 1% after Jefferies upgraded the stock to buy from hold and raised its price target. Apple — Shares slid 1.2% after JPMorgan cut its price target on Apple and said the technology company had a tough setup going into earnings from supply headwinds. Boot Barn — UBS raised its price target on the stock ahead of the company's quarterly earnings report. The stock slid 0.6% despite the target increase, however.

☆ Apple and Google are both at their biggest risk of disruption in over a decade
▼ + stars: | 2023-01-13 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +7 min

This year, Apple and Google will both face their first real tests in a very long time. Apple could finally open its walled garden, potentially disrupting the App Store juggernaut. Google has spent the last decade-plus guarding its advertising business; Apple has built as many moats around its all-important iPhone business as possible, happily collecting App Store fees and Apple Music subscriptions. Let's look at how this is finally the year that Apple and Google will face their most meaningful competition yet. If the App Store opens up and the iPhone doesn't become a toxic hellstew, perhaps Apple will reconsider its approach.

☆ Meta and Apple are no longer among the best places to work, according to a new Glassdoor ranking
▼ + stars: | 2023-01-11 | by ( Grace Kay | Madison Hoff | ) www.businessinsider.com time to read: +4 min

Meta and Apple fell off Glassdoor's list of best places to work for the first time in over a decade. Other tech companies like Google, LinkedIn, and Microsoft made the top 20 of this year's list. While Meta and Apple fell off the list, tech companies still dominated the US rankings, accounting for 40% of the organizations on the list. Top tech companies like Microsoft, LinkedIn, and Google made the top 20. There are some tech companies that entered the list," Zhao said.

☆ Stocks making the biggest moves midday: Netflix, Cal-Maine Foods, Southwest and more
▼ + stars: | 2022-12-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Cal-Maine Foods — Cal-Maine shares shed 15% after reporting earnings that fell short of Wall Street's expectations even as the egg producer reported record sales. Southwest Airlines — The airline stock rose more than 3%, paring back losses from the previous session when it dropped more than 5%. Severe disruptions at Southwest Airlines have drawn outsized criticism from frustrated travelers, who have dealt with thousands of canceled flights from airlines this week because of winter weather. Southwest Airlines canceled another 60% of its flights on Wednesday. Apple — The iPhone maker's stock rose more than 3% after hitting its lowest level since June 2021 earlier in the week.

☆ Stocks making the biggest moves midday: Tesla, Southwest, Apple, AMC and more
▼ + stars: | 2022-12-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Baird also trimmed its price target on shares to $252 from $316 a share. AMC Entertainment – AMC Entertainment shares dipped about 3% a day after CEO Adam Aron tweeted that he asked the company's board to freeze his 2023 pay and urged other executives to forgo salary bumps. Maxeon — Shares slid 8% after the solar company announced Bill Mulligan would be the new CEO. The firm gave the stock a price target of $29, which presents an upside of 75.4% over where it closed Tuesday.

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