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☆ Bitcoin rockets to an all-time high above $69,000, surpassing 2021 record
▼ + stars: | 2024-03-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

"Bitcoin reclaiming its all-time high yet again shows it is never going away," said Alex Thorn, head of research at Galaxy Digital. Catalysts driving the surge in the cryptocurrency include the U.S. spot bitcoin ETFs that started trading earlier this year, along with the tightening bitcoin supply ahead of the late April "halving." "The odds have always been against bitcoin," Thorn said, citing naysayers who have referred to it as "a bubble" and compared it to the "tulip mania" in Holland during the 1600s. "Retail interest is oftentimes momentum driven, and all-time high levels are a pivotal momentum driver for even more investment," he told CNBC. Nevertheless, U.S. spot bitcoin ETFs have brought legitimacy to it and been hugely popular, with BlackRock's iShares Bitcoin Trust (IBIT) passing $10 billion in assets under management last week.

Persons: Jaap Arriens, FTX, crypto's Lehman, Alex Thorn, bitcoin, Clara Medalie, Thorn, naysayers, Needham, John Todaro, Crypto, BlackRock's Organizations: NurPhoto, Getty, Metrics, Galaxy, CNBC, Securities and Exchange Commission Locations: U.S, Holland

☆ Bitcoin tops $65,000 as it nears 2021 all-time high
▼ + stars: | 2024-03-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Earlier, it rose to as much as $65,658.10, its highest level since November 2021. The price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. "What we're seeing today ... might well be a rerun of early last week when bitcoin surged $10,000 in the space of a couple of days. Investors have been extra eager to see bitcoin approach its all-time high. Nevertheless, long-term investors are confident that the combination of increasing demand for bitcoin through the new U.S. exchange-traded funds and a tighter supply expected after the April halving event will push the price of bitcoin to a new all-time high.

Persons: bitcoin, cryptocurrency, Antoni Trenchev, Crypto, David Duong, Dogecoin, Shiba, CleanSpark Organizations: Metrics, Nasdaq, Marathon Digital, Iris Energy

☆ Stocks making the biggest moves midday: Macy's, Super Micro Computer, Lyft, DoorDash and more
▼ + stars: | 2024-03-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Super Micro Computer , Deckers Outdoor — The technology firm and athletic footwear designer respectively popped 27% and nearly 3% after S & P Dow Jones Indices announced Friday that the two stocks would be added to the S & P 500 on March 18. Super Micro Computer and Deckers Outdoor will replace Zions Bancorpation and Whirlpool , which will move to the S & P MidCap 400 Index. Macy's — Shares skyrocketed 16% after Arkhouse Management said it and Brigade Capital Management have raised their offer for the department store . DoorDash — Shares jumped more than 5% after RBC upgraded the food delivery company to outperform from sector perform. Lyft — The ride-sharing platform added 6% after RBC upgraded the stock to an outperform rating from sector perform.

Persons: Dow, Zions, —, Lyft, Morgan Stanley, Li, Piper Sandler, Ford, CNBC's Michelle Fox, Alexander Harring, Hakyung Kim, Tanaya Macheel, Yun Li, Jesse Pound, Samantha Subin Organizations: Micro Computer, Dow Jones, Whirlpool, Arkhouse Management, Brigade Capital Management, Apple, European, Miners, Marathon Digital, Cipher Mining, Iris Energy, RBC, Kyverna Therapeutics, Wells, JPMorgan, Ferrari —, Citi, Li Auto, Dutch Bros, American Airlines —, Max Locations: Wells Fargo

☆ Stocks making the biggest moves premarket: Super Micro Computer, Deckers Outdoor, Macy's and more
▼ + stars: | 2024-03-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Super Micro Computer , Deckers Outdoor — Shares of Super Micro Computer and Deckers Outdoor jumped 12% and 5%, respectively, after S & P Dow Jones Indices said Friday the two companies would be added to the S & P 500 later this month. They will replace Whirlpool and Zion Bancorp, which will move to the S & P MidCap 400 index as of the March 18 open. Macy's — Macy's stock skyrocketed nearly 17% after Arkhouse Management upped its buyout offer for the department store chain to $24 from $21 a share, or about $6.6 billion. Crypto stocks – Companies whose performance is tied to the price of bitcoin rose in premarket trading after the cryptocurrency touched another two-year high . Spirit AeroSystems , Boeing — Shares of the fuselage maker rose nearly 3%.

Persons: Dow, CleanSpark, AeroSystems, Lyft, Morgan Stanley, Li Auto, Piper Sandler, Brian Mullan, — CNBC's Lisa Han, Fred Imbert, Tanaya, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: Micro Computer, Dow Jones, Whirlpool, Zion Bancorp, Arkhouse Management, Apple, European Commission, Marathon, Iris Energy, RBC, Boeing —, Boeing, Max, —, Citi, Li Auto, Li, Mobile

☆ Investors should tread carefully in March after bitcoin's explosive rally to $60,000
▼ + stars: | 2024-03-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

With bitcoin on a hot streak this past week, investors should brace themselves for a cooling in March. "But cash inflows into spot bitcoin ETFs are accelerating, and that seems to have been overpowering those technical signals." Although Bitcoin traded above $62,000 to end the week, it's realized price was down at the $42,000 level, according to CryptoQuant. CryptoQuant also showed the cost of opening new long positions in the futures market spiked in the recent rally, which historically signals a coming correction in the bitcoin price. Ether, however, has ended the month higher in six of the last eight March's since its inception, with an average gain on the month of 25%.

Persons: Yuya Hasegawa, Hasegawa, Julio Moreno, Bitcoin, it's, bitcoin, CryptoQuant, David Duong, Duong, Michael Bloom Organizations: JPMorgan, CNBC, Federal, New York Community Bancorp Locations: New York

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin dips to start March after climbing 45% in February: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jack Mallers, the CEO of Strike, discusses February's crypto rally and weighs in on the future of bitcoin.

Persons: explainers, Jack Mallers Organizations: CNBC Crypto, CNBC Locations: bitcoin

☆ Stocks making the biggest moves premarket: Dell, New York Community Bancorp, HP and more
▼ + stars: | 2024-03-01 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

New York Community Bancorp — Shares fell more than 20% after the regional bank disclosed on Thursday evening that it had found issues with its "internal controls." The company topped analysts' expectations for earnings per share by 3 cents, according to LSEG. But Hewlett Packard posted $6.76 billion in revenue, under the Wall Street forecast of $7.11 billion. Autodesk — Shares jumped 8% after the software company posted a beat in its latest quarterly results. Analysts polled by LSEG had anticipated per-share earnings of $1.95 on revenue of $1.43 billion.

Persons: NYCB, Hewlett Packard, LSEG, Root, Jeffries, Alex Harring, Samantha Subin, Jesse Pound, Tanaya Macheel, Sarah Min, Michelle Fox Organizations: York Community Bancorp, JPMorgan, Dell –, Hewlett Packard Enterprise, Daimler, Autodesk —, Autodesk

☆ Bitcoin tops $63,000 as it closes out the best month since 2020
▼ + stars: | 2024-02-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Jonathan Raa | Nurphoto | Getty ImagesCrypto prices rose on Thursday as bitcoin and ether headed for a winning month. Bitcoin was last higher by more than 5% at $63,252.82 on the final day of February, according to Coin Metrics. Ether advanced more than 6% to $3,483.81 on Thursday. Bitcoin is now up 47% for the month, marking its sixth straight month of gains — its best showing since December 2020 when it rose 49.5%. Stock Chart Icon Stock chart icon Bitcoin YTD

Persons: Jonathan Raa, Bitcoin Organizations: Nurphoto, Getty, Metrics

☆ Stocks making the biggest moves premarket: Snowflake, Salesforce, C3.ai, Okta and more
▼ + stars: | 2024-02-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Snowflake said it expects product revenue to range between $745 million and $750 million in the current period, below the $759 million analysts polled by StreetAccount expected. Okta said its expects revenues to range between $603 million and $605 million, surpassing a FactSet estimate of $583.8 million. Celsius posted 17 cents in earnings per share on $347.4 million in revenue for the fourth quarter. Nutanix posted earnings of 46 cents per share on revenues totaling $565 million. The data storage company posted earnings of 50 cents per share on $790 million in revenue.

Persons: Frank Slootman, Snowflake, StreetAccount, Morgan Stanley, Salesforce — Salesforce, Okta, Duolingo, LSEG, Nutanix, —, Alex Harring, Tanaya Macheel, Michelle Fox, Lisa Han, Jesse Pound, Sarah Min, Pia Singh Organizations: Revenue, Bank of America, AMC, AMC Entertainment, Wall, Paramount, LSEG, CNBC Warner Bros, FactSet, HP — Locations: Canada, FactSet .

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rockets to $64,000 as it closes in on previous all-time high: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mike Belshe, co-founder and CEO of BitGo, breaks down the bitcoin ETF hype and the cryptocurrency's rally.

Persons: explainers, Mike Belshe Organizations: CNBC Crypto, CNBC

☆ Bitcoin jumps above $60,000 for the first time since November 2021
▼ + stars: | 2024-02-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

The price of the flagship cryptocurrency was last higher by 6% at $60,391.10, according to Coin Metrics. Bitcoin has soared more than 18% this week alone, after a week-long pause of this year's rally. "The economics of bitcoin dictate that it should continue to drive higher." Specifically, the halving, an event mandated in the Bitcoin code, reduces the bitcoin mining reward by half in order to limit the supply. "Institutional capital is still getting up to speed with bitcoin ETFs – platform approvals, advisor education, client education – I expect a lot more demand is still under the surface and yet to be seen."

Persons: cryptocurrency, It's, Bitcoin, We've, it's, Joel Kruger, Ryan Rasmussen, Rasmussen Organizations: Metrics, LMAX, Bitwise Asset

☆ Bitcoin's all-time high is in sight after the crypto breached $57,000, chart analysts say. Here's what to expect
▼ + stars: | 2024-02-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin's all-time high is in clear sight after the cryptocurrency surpassed $57,000 on Tuesday. The flagship crypto is now roughly 20% off its November 2021 all-time high of $68,982.20, and it just cleared a key resistance level, according to Fairlead Strategies. "The main thing to highlight is the confirmed breakout above $48,000, which targets final resistance [of about] $64,900," said Will Tamplin, senior analyst at Fairlead. BTC.CM= 5D mountain Bitcoin this week confirmed a breakout above $48,000 Oppenheimer chart analyst Ari Wald confirmed that outlook. However, the firm does not expect a major pullback from bitcoin given the breakout and positive momentum in the intermediate term.

Persons: Will Tamplin, Oppenheimer, Ari Wald, Bitcoin, bitcoin, Katie Stockton Organizations: Fairlead, Metrics

☆ Stocks making the biggest moves premarket: Unity Software, Cava, Zoom Video, Viking Therapeutics and more
▼ + stars: | 2024-02-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Unity Software — Shares tumbled 15% after the video game developer forecasted that adjusted EBITDA would come in below analysts' expectations for the current quarter. Analysts polled by FactSet had expected $113 million in EBITDA, while Unity is expecting only between $45 million to $50 million. Workday's adjusted earnings came in at $1.57 a share, higher than the $1.47 expected by analysts polled by LSEG. AutoZone's earnings of $28.89 per share topped the $26.28 per share analysts had anticipated, according to LSEG. The company's $3.85 billion revenue was also higher than the anticipated $3.84 billion.

Persons: FactSet, LSEG, CarGurus, they'll, AutoZone, EBITDA, Wells, — CNBC's Michelle Fox, Tanaya Macheel, Sarah Min, Jesse Pound Organizations: Unity, LSEG, FactSet, PPG, Barclays, PPG Industries, FDA Locations: EBITDA, Cava, Wells Fargo, U.S, Canada

☆ Bitcoin resumes its rally, ripping through $54,000 for the first time since December 2021
▼ + stars: | 2024-02-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. At its session high, bitcoin hit $54,965.26 and reached its highest level since December 2021. "Today is settlement day for bitcoin futures, which is contributing to the price jump we're seeing," said Ryan Rasmussen, analyst at Bitwise Asset Management. "We're approaching the window where we typically see traders positioning themselves ahead of the bitcoin halving, which will happen in the second half of April. Bitcoin traded flat in the week leading up to Monday, when the breakout began, and put it on track for a 27% monthly gain.

Persons: cryptocurrency, bitcoin, Ryan Rasmussen, Ether, Solana, Polygon's, Microstrategy, Bitcoin, Owen Lau, Oppenheimer, JPMorgan's Nikolaos Panigirtzoglou Organizations: Metrics, Bitwise Asset Management, JPMorgan, CNBC PRO Locations: —

☆ Market strategist Adam Parker gives his investment predictions for the next decade, including selling crypto
▼ + stars: | 2024-02-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

That's one of 10 investing predictions for the next 10 years by the Trivariate Research market strategist. "We have always said 'we prefer a basket of high-quality US growth equities'" when asked about crypto, Parker said in a note over the weekend. "Missing the appreciation of the asset class is not good, but participating in US growth equities has been more than adequate." "Because it is just a proxy for risk taking, investors can mirror the exposure of a basket of crypto through low quality hyper growth stocks," he added. "This sector checks all the boxes … We think there will be continued consolidation, so owning oil-sensitive energy stocks that are mid-cap likely will prove prudent," he said.

Persons: Adam Parker, That's, Bitcoin, Parker Organizations: Trivariate Research, Metrics, Own U.S, Mining, BHP Group, Microsoft, BHP, Vale, Southern Copper, Marathon Petroleum, Treasury, U.S . Treasury Locations: CRE, New York, San Francisco, Chicago, decarbonization, Freeport, McMoRan, Australia, Rio Tinto, Greece, France, Italy, Spain, Portugal

☆ Stocks making the biggest moves midday: Berkshire Hathaway, R1 RCM, Freshpet, Amer Sports and more
▼ + stars: | 2024-02-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Earlier in the session, the conglomerate's stock reached all-time highs, following strong operating earnings in its fourth quarter. Pilgrim's Pride — Shares climbed 6.2% after the meat processing company beat Wall Street's expectations for the fourth quarter. Amer Sports — The athletic retailer climbed 3% on the back of a slew of bullish calls from Wall Street analysts. Fresh Del Monte Produce — Shares fell 2% after the agriculture company reported quarterly results that fell short of expectations. Revenue of $1.01 billion was lower than the consensus estimate of $1.03 billion.

Persons: Berkshire Hathaway —, Morgan Stanley, Pilgrim's, FactSet, Wilson, Arc'teryx, — CNBC's Brian Evans, Michelle Fox, Lisa Kailai Han, Alex Harring, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: Berkshire, U.S . Securities, Exchange Commission, Amer, Wall Street, Micron Technology, —, HSBC, Alcoa —, Alcoa, Fluence Energy, Susquehanna Financial, Produce, FactSet, PPG, PPG Industries Locations: FactSet ., U.S, Canada

☆ Stock futures are little changed ahead of key inflation data and corporate earnings: Live updates
▼ + stars: | 2024-02-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, July 20, 2023. U.S. equity futures were little changed on Sunday as investors looked forward to the latest reading of the Federal Reserve's preferred inflation reading as well as a slew of big earnings reports. Futures tied to the Dow Jones Industrial Average were down by 0.04%, while S&P 500 futures and Nasdaq 100 futures ticked lower by 0.04% and 0.05%, respectively. "Nvidia has been the gift that keeps on giving with blockbuster earnings reports driving semis, tech, and the broader market higher this past week. "A hotter than expected PCE report this week could be a data point that could dampen the market enthusiasm."

Persons: Dow, they're, Stephanie Lang, Homrich Berg Organizations: New York Stock Exchange, Federal, Dow Jones, Nasdaq, Nvidia, CNBC, Norwegian Cruise, AMC Entertainment, Anheuser, Busch Locations: New York City, Norwegian

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTX to sell shares in AI startup Anthropic to pay back customers: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Muneeb Ali, CEO of Trust Machines, breaks down how spot bitcoin ETFs are influencing crypto's price action. He also weighs in on the growing trend of bitcoin Layer 2s as a focus this year.

Persons: explainers, Muneeb Ali Organizations: CNBC Crypto, CNBC, Trust Machines

☆ Stocks making the biggest moves premarket: Block, Live Nation, Carvana, Booking Holdings & more
▼ + stars: | 2024-02-23 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Live Nation Entertainment — Shares of the entertainment platform popped nearly 5% following a fourth-quarter revenue beat. On the other hand, however, the company reported fourth-quarter earnings and revenue figures that surprised to the upside. Carvana — Shares of the used car marketplace surged 33% in premarket trading after the struggling company posted its first-ever annual profit. Quarterly profit and revenue results were weaker than analysts expected, although the company reported strong fourth-quarter earnings than analysts anticipated. Penumbra — The medical device maker fell more than 7% on the back of mixed fourth-quarter results and lackluster full-year guidance.

Persons: LSEG, overshadowing, Insulet, Carvana, William Blair, Raymond James, MercadoLibre, Jason Bazinet, Penumbra, DraftKings, — CNBC's Michelle Fox, Hakyung Kim, Tanaya Macheel, Sarah Min, Jesse Pound, Samantha Subin Organizations: Intuit, Revenue, Holdings, FactSet, UBS, Fox, Citi, ESPN, Warner Bros, JV, JPMorgan, Barclays, Discovery

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWinklevoss twins donate nearly $5 million to crypto super PAC: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Ryan Jones, senior director of product management at Consensys, the developer of the self-custodial crypto wallet MetaMask, discusses a new feature focused on enhancing security for wallet users.

Persons: explainers, Ryan Jones Organizations: CNBC Crypto, CNBC Locations: Consensys

☆ Stocks making the biggest moves midday: Nvidia, Walmart, Discover Financial and more
▼ + stars: | 2024-02-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Semiconductor stocks — Popular semiconductor stocks declined during midday trading, with Nvidia dropping more than 6% ahead of its Wednesday print. Walmart — Shares climbed more than 3% and notched a new all-time high on Tuesday following the retailer's earnings report . Discover Financial — Shares of the credit card issuer soared 14% after it agreed to be acquired by Capital One Financial in a $35.3 billion all-stock deal. The Wall Street firm said investors should take some profits after the stock rallied more than 25% over the past year. Medtronic — Shares advanced 2.5% after the medical device company surpassed Wall Street estimates for both top and bottom lines in its fiscal third quarter.

Persons: Rosenblatt, Vizio, Bernstein, Medtronic, Piper Sandler, Yun Li, Alex Harring, Jesse Pound, Tanaya, Hakyung Kim, Brian Evans Organizations: Semiconductor, Nvidia, Computer, Micro Devices, Marvell Technology, Walmart, Discover, Capital, Caterpillar —, Depot, Barclays — U.S, Barclays, Alaska Air, Southwest Airlines, Deutsche Bank, Wall, FactSet, Foods, Arm Holdings Locations: U.S, British

☆ Wall Street cheers Coinbase after its first quarterly profit in 2 years, but skepticism lingers
▼ + stars: | 2024-02-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

Wall Street is celebrating Coinbase after the crypto exchange operator posted its first quarterly profit in two years. Late Thursday, Coinbase posted earnings of $1.04 per share on $954 million of revenue for the fourth quarter. "Happy days are here again" for Coinbase, as Raymond James put it, but it's not clear for how long. "That said, we maintain our U/P rating given crypto market unpredictability, lack of revenue diversification, valuation, and continued legal overhang." JPMorgan, neutral, PT $95 "Management calls spot bitcoin ETFs [a] net positive but, we're still unconvinced," said JPMorgan's Kenneth Worthington.

Persons: Coinbase, haven't, bitcoin, Raymond James, Goldman Sachs, Goldman, Will Nance, revs, Jason Kupferberg, Benjamin Budish, EBITDA, underperform, Patrick O'Shaughnessy, we're, Kenneth Worthington, Keefe, KBW's Kyle Voigt, Oppenheimer, Owen Lau, Devin Ryan, Needham, John Todaro, Canaccord, Joseph Vafi, Michael Bloom Organizations: LSEG, U.S . Securities, Exchange Commission, " Bank of America, Bank of America, Barclays, JPMorgan, Management, SEC, Coinbase's, BTC Locations: U.S, Coinbase, Needham

☆ Stocks making the biggest moves after hours: DoorDash, Roku, Applied Materials and more
▼ + stars: | 2024-02-15 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Although revenue rose 27% to $2.3 billion, outpacing LSEG estimates, the loss of 39 cents per share was wider than expected. First-quarter earnings per share of $2.13, excluding items, bested estimates of $1.90 per share, from LSEG. Revenue came in slightly below analysts' estimates at $1.23 billion, versus $1.24 billion expected. Yelp — Shares dropped about10% after the website's first-quarter guidance for both adjusted EBITDA and revenue missed analysts' estimates. Bio Rad Laboratories — The life science equipment company's fourth-quarter earnings per share exceeded analysts' consensus estimates, FactSet said.

Persons: –, Yelp, FactSet, Macheel, Scott Schnipper Organizations: Revenue, Texas, Rad Locations: LSEG, FactSet . Texas

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin briefly crosses $52,000 as it recaptures $1 trillion market cap: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andy Baehr of CoinDesk Indices discusses what's driving bitcoin's rally to multi-year highs.

Persons: explainers, Andy Baehr Organizations: CNBC Crypto, CNBC

☆ Stocks making the biggest moves midday: Uber, Airbnb, MGM Resorts, Robinhood and more
▼ + stars: | 2024-02-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Uber — Uber's shares jumped 11%, climbing to a new 52-week high, after the ride-hailing company announced an inaugural $7 billion share repurchase authorization program. The higher end of the company's full-year earnings per share guidance, $11.40, was also above estimates of $10.83 per share. On Tuesday, DaVita posted earnings of $1.87 per share, ex-items, on $3.15 billion in revenue. Robinhood Markets — Shares of the trading platform jumped 9% after the company posted a surprise earnings and revenue beat. Robinhood posted earnings of 3 cents per share, while analysts expected a 1 cent per share loss, according to LSEG.

Persons: Uber, Uber's, Lyft, IQVIA, Charles River, DaVita, FactSet, Robinhood, Zillow, LSEG, bitcoin, Energy rocketed, CleanSpark, Topgolf Callaway, Akamai, Kraft Heinz, Airbnb, CNBC's Hakyung Kim, Alex Harring, Jesse Pound, Pia Singh, Michelle Fox Organizations: Uber Technologies, Inc, IQVIA Holdings, Charles River Laboratories, Revenue, Miners, Energy, Marathon, MGM Resorts, Hasbro Locations: New York City, FactSet, LSEG, China, Macau, U.S, Detroit

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