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☆ Stocks making the biggest moves midday: Dollar Tree, GitLab, Zscaler and more
▼ + stars: | 2024-09-04 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Dollar Tree — Shares tumbled more than 22% after the discount retailer slashed its full-year outlook for net sales and adjusted earnings per share. GitLab — The software developer's stock soared more than 21% thanks to a strong third-quarter earnings outlook. Zscaler — The stock lost more than 18% after the cloud security company's fiscal first-quarter earnings outlook came in weaker than expected. Zscaler expects to earn between 62 cents and 63 cents per share, below the 73 cents per share analysts were estimating, per LSEG. Asana sees sales for the third quarter coming in between $180 million and $181 million, while analysts expected $182 million, according to LSEG.

Persons: LSEG, Zscaler, Cowen, Andrew Charles, —, Lisa Kailai Han, Michelle Fox Organizations: Dick's, Goods, FactSet, UBS, AMD Locations: Cape Canaveral , Florida

☆ Stocks making the biggest moves premarket: United States Steel, Unity Software, Boeing and more
▼ + stars: | 2024-09-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

United States Steel — The industrial stock plunged 6% after Vice President Kamala Harris opposed the planned sale of United States Steel to Japan's Nippon Steel. She made these statements during a Labor Day rally in front of union members in Pittsburgh, Pennsylvania, where she said that United States Steel was "an historic American company and it is vital for our country to maintain strong American steel companies." NetApp — The data storage stock added 1.6% following an upgrade to buy from hold at Loop Capital. Loop analyst Ananda Baruah listed several catalysts, including NetApp's cloud storage software partnerships and a recent pullback. Bank of America — The bank stock was down fractionally.

Persons: Kamala Harris, Wells, Matthew Akers, Morgan Stanley, Ananda Baruah, Jefferies, Peter Welford, Warren Buffett's Berkshire, Merck's Keytruda, — CNBC's Michelle Fox, Jesse Pound Organizations: United States Steel, Japan's Nippon Steel, Labor, Boeing, Software, Novartis —, Novartis, Bank of America, Warren Buffett's Berkshire Hathaway, Merck, European Commission Locations: Pittsburgh , Pennsylvania, American, Warren

☆ Trump Media stock slides under $18, a new low since it began publicly trading
▼ + stars: | 2024-09-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

DJT shares dropped to $17.89 per share around midday Tuesday, The stock's prior low was set on Aug. 28, when it hit $19.38 per share. The stock price was down roughly 77% from its high of $79.38 per share on March 26, following Trump Media's merger with a publicly traded special purpose acquisition company. DJT closed at $18.08 per share, down over 7% for the Wednesday trading day. Trump Media's single-day slide accompanied a broader market dip on Tuesday, especially for tech companies. Stock Chart Icon Stock chart icon DJT stock vs. Nasdaq stock exchange over six months.

Persons: Jakub Porzycki, Donald Trump, DJT, Trump Organizations: Nurphoto, Trump Media, Social, Trump, Nasdaq, Dow Jones

☆ Stocks making the biggest moves midday: Cleanspark, Vaxcyte, Unity Software and more
▼ + stars: | 2024-09-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Cleanspark released its mining update for August, which showed that it mined 478 bitcoins last month. Vaxcyte – Shares were recently up more than 36% and earlier hit a record high after the vaccine company reported positive results from the Phase 1/2 study for its 31-valent pneumococcal conjugate vaccine candidate. Semiconductor stocks – Shares of some of the biggest chipmakers fell during the first trading session of the month. Last week, shares fell 19% on news of its filing delay and Hindenburg's disclosed short position. United States Steel – Shares fell around 6% after Vice President Kamala Harris opposed the planned sale of U.S. Steel to Japan's Nippon Steel at a Labor Day rally for union members in Pittsburgh.

Persons: Cleanspark, Vaxcyte, Leerink, Morgan Stanley, Redfin, Charles Liang, Hindenburg's, Hindenburg, Kamala Harris, Harris, Lisa Kailai Han, Pia Singh, Jesse Pound, Fred Imbert, Michelle Fox Organizations: Leerink Partners, Boeing, Riley Securities, Semiconductor, KLA, Nvidia, Micron Technology, Taiwan Semiconductor Manufacturing, Broadcom, Hindenburg, Securities and Exchange, United States Steel, Steel, Japan's Nippon Steel, Labor, U.S Locations: Wells, U.S, Pittsburgh, American

☆ Glory days for automakers like Ford, General Motors in China are over
▼ + stars: | 2024-09-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

London CNN —Foreign automakers have dominated China’s car market for decades, selling millions of vehicles and raking in enormous profits. Ford (F) and General Motors (GM) are also among firms seeing sales and market share vanish in China as local consumers spurn overseas brands to buy Chinese instead. The American automaker’s sales in China have halved from a peak of above 4 million in 2017 to 2.1 million last year. Last year, BYD sold a record 3.02 million vehicles globally, including plug-in hybrids, up 62% from 2022. Months later, Stellantis (STLA), which makes Citroen, Fiat, and Peugeot cars, bought a 20% stake in Chinese EV maker Leapmotor for about €1.5 billion ($1.7 billion).

Persons: Arno Antlitz, GM’s, Mary Barra, ”, Michael Dunne, Dunne, Xi Jinping’s, Tesla, Yilei Sun, Reuters Tesla, Li, Tu Le, Le, BYD, ” Dunne, Raul Bravo, Stellantis, “ Organizations: London CNN — Foreign, Volkswagen, Wolfsburg, Toyota, General Motors, China Passenger Car Association, Foreign, Japan’s Mitsubishi Motors, Honda, Hyundai, Ford, GM, EV, Tesla, Yilei, Reuters, International Energy Agency, “, CNN, Visitors, Automotive, Xinhua, Shutterstock, Auto, “ Global, UBS, Port, Citroen, Fiat, Peugeot, Leapmotor, Hedin Locations: China, London, Germany, Europe, American, Shanghai, Tesla's Shanghai, Beijing, EVs, Japan, North America, San Antonio, Chile, Chilean, AFP, Xpeng, Thailand, Hungary

☆ The UK is shutting off some arms shipments to Israel amid growing cries for a cease-fire in Gaza, but some experts say it's not enough
▼ + stars: | 2024-09-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewUK officials said Monday that the country would suspend the export of some arms to Israel. It came days after Israel said it recovered the bodies of six hostages, whom the country said had been killed by Hamas in a tunnel in Gaza. "At a time when we mourn 6 hostages who were executed in cold blood by Hamas inside tunnels in Gaza. Though the consequences of the UK's decision on the wider war may ultimately be limited, its impact may hold more symbolic weight on the geopolitical stage.

Persons: —, Israel, David Lammy, Lammy, Sam Perlo, Freeman, Yoav Gallant, Gallant, Joe Biden, Benjamin Netanyahu, Netanyahu's, Josh Paul, Paul, Jamal Khashoggi, Still, Netanyahu Organizations: Service, Business, British, Trade, AP, Israeli, Gaza Health Ministry, Committee, Democracy Locations: Israel, Gaza, Tel Aviv, Iran, Lebanon, Hezbollah, Saudi, East, North Africa, Egypt

U.S. adults will wager $35 billion this NFL season, according to projections from the American Gaming Association. Since last NFL season, Maine, North Carolina and Vermont have allowed sports betting operators to launch in their states. "The NFL season is our biggest acquisition period of the year," said Christian Genetski, president of FanDuel, the nation's leading sportsbook. Since then, Fanatics Sportsbook acquired PointsBet's U.S. operations and technology, which is now fully integrated. It first launched in November last year, smack in the middle of NFL season.

Persons: Joe Milton III, Kyu Blu Kelly, Scott Taetsch, Churchill, Christian Genetski, FanDuel, It's, Michael Rubin's, Sportsbook, Pavlo Gonchar, Matt King, King, DraftKings, Penn, Jay Snowden, Gabby Jones Organizations: New England Patriots scrambles, Getty, American Gaming Association, National Football League, NFL, International, Caesars, MGM Resorts, New York Stock Exchange, Rush Street Interactive, FanDuel, YouTube, PointsBet's, Lightrocket, CNBC, Penn Entertainment, ESPN Bet, Disney, ESPN, Bloomberg Locations: Landover , Maryland, Maine, North Carolina, Vermont, Florida, Washington, Penn, Entain, New York

☆ It’s not just you. More weird spam is popping up on Facebook
▼ + stars: | 2024-09-03 | by ( Clare Duffy | ) edition.cnn.com time to read: +11 min

Posts with obviously AI-generated images and confusing captions sometimes receive thousands of likes and hundreds of comments and shares. “The Facebook Feed … at times shows users AI-generated images even when they do not follow the Pages posting those images. Experts who track this kind of online behavior say there are likely several different kinds of actors behind the Facebook spam, with varying motives. Meta also automatically labels AI-generated images created with its own tools. However, there are still ways for users to strip out that metadata (or create AI images without it) to evade detection.

Persons: you’re, “, ”, Ben Decker, Erin Logan, De Marco, Lewis Hine, Hany Farid, Amy Couch ”, Kris, influencer, We’ve, Amy Couch, Renee DiResta, Josh Goldstein, David Evan Harris, Harris, ” Harris, cheeseburgers, Jair, Bolsonaro, ” Farid, Meta Organizations: New, New York CNN, Facebook, Meta, National Child Labor, Google, Library of Congress, CNN, UC Berkeley, “ Cubs, Stanford, Georgetown, Media Locations: New York, TikTok, New Jersey, Meta

☆ Defense stocks in an ESG portfolio? A profound — and controversial — shift seems to be underway
▼ + stars: | 2024-09-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Jessica Gow | Afp | Getty ImagesRussia's ongoing war in Ukraine has resulted in a profound shift in the way defense stocks are viewed by mission-driven fund managers, according to two European defense giants. Defense stocks have typically been excluded from portfolios based on environmental, social and governance (ESG) factors due to ethical concerns over their association with warfare. Nonetheless, the inclusion of defense stocks in sustainably-minded portfolios remains controversial. It's really important that we see the role that defense companies play in protecting a free society. It's really important that we see the role that defense companies play in protecting a free society," he said.

Persons: Micael Johansson, Jessica Gow, Johansson, CNBC's Silvia Amaro, It's, Brad Greve, BAE Systems Johansson, hasn't, Ida Kassa Johannesen, Johannesen, Justin Tallis, Saab's Johansson, ESG, John Keeble, Greve Organizations: Saab, Afp, Getty, BAE Systems, Ukraine —, Saxo Bank, CNBC, Democratic, U.S, Republican, Democrats, Malloy Aeronautics, British Aerospace BAE Systems, Farnborough, Exhibition, Conference Centre Locations: Stockholm, Ukraine, Africa, Democratic Republic, Congo, Palestine, London, Farnborough, England

☆ Trump debate prep: Tulsi Gabbard advises Republican to attack Harris on 'hypocrisy'
▼ + stars: | 2024-09-01 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Former Democratic Rep. Tulsi Gabbard, who has endorsed Republican former President Donald Trump's campaign, is advising the GOP nominee to focus on Vice President Kamala Harris' policy pivots in their upcoming debate. Still, Gabbard is uniquely suited to help Trump understand what it would be like to debate Harris, given her firsthand experience during the 2020 Democratic primary contest. "What I pointed out in that debate stage in the 2020 campaign was her hypocrisy," Gabbard said. At the time, criminal justice reform was a very popular issue among Democratic primary voters. The Trump campaign recently added both Gabbard and RFK Jr. to its official transition team, and both are in reported talks for potential cabinet positions if Trump wins the White House.

Persons: Donald Trump, Tulsi Gabbard, Donald Trump's, Kamala Harris, Harris, Gabbard, Trump, Biden, Robert F, Kennedy Jr Organizations: Republican, Democratic, ABC, Trump, White, Democrat, RFK Jr Locations: La Crosse , Wisconsin, Hawaii

☆ Supersized seed rounds: The earliest stage of the startup market is getting out of control
▼ + stars: | 2024-08-31 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +5 min

Read previewThere's been an investor gold rush to find the hottest new startup, causing a new dynamic: larger seed rounds. In some cases, the seed round is getting out of control. Tier one multi-stage firms have decided to allocate more resources to investing at the seed stage, according to several traditional seed investors who Business Insider spoke to. Related storiesMy colleague Sri Muppidi has reported on these supersized seed rounds in AI startups throughout the summer. Other supersized seed rounds this year include a $10.5 million round by Swedish legal AI startup Leya, and Gameplay Galaxy recently announced a $24 million seed round for its Web3 gaming platform.

Persons: —, Greylock, they've, Let's, Sri Muppidi, Ed Sim, whiff, Sim, Sim postured, Shruti Gandhi Organizations: Service, Business, Q2 Venture Monitor, Sequoia, Felicis Ventures, Galaxy, Boldstart Ventures, Khosla Ventures, Canaan Partners, Instacart's, Ventures, Founders Locations: Canaan

☆ Why Malbon Golf welcomed the ‘sweatergate’ social media firestorm
▼ + stars: | 2024-08-30 | by ( Jack Bantock | ) edition.cnn.com time to read: +15 min

The couple’s lifestyle brand, Malbon Golf, had been swept into a social media storm by an eye-catching Masters outfit donned by ambassador and former world No. Nicolas Malinauskas/Malbon GolfStarsThe duo launched Malbon Golf in 2017, with Stephen’s anthropomorphic ball character “Buckets” taking center stage as the brand’s logo. Ross Kinnaird / Getty Images Tom Holland: Part-time web-slinger, full-time golf swinger -- the "Spider-Man" lead is a self-confessed golf addict. Warren Little / Getty Images Stephen Curry: The three-point king of the NBA is also a highly-proficient par-three shooter. Jamie Squire/Getty ImagesFor Malbon Golf, it is simply the latest step in its aim to “condition” the golf world into accepting new styles in the game.

Persons: Stephen, Erica Malbon, Jason Day, Erica, Frank151, —, ’ ”, “, ’ ” Stephen, Nicolas Malinauskas, it’s, ” Erica, “ We’re, — there’s, ” Stephen, ”, Jimmy Choo, Dre, Vince Sirico, Justin Timberlake, Travis Scott, Q, Justin Bieber, Bieber, …, ’, That’s, ” Adam Sandler, Sandler, Gilmore, Shooter McGavin, Christopher McDonald, Al Messerschmidt, Michael Jordan, Davis, Jordan, Isaac Brekken, JT strutting, Matt Sullivan, Catherine Zeta, Jones, Michael Douglas, Douglas, Ross Kinnaird, Tom Brady, Brady, Aaron Rodgers, Josh Allen, Patrick Mahomes, Carmen Mandato, Orlando Ramirez, Jessica Alba, tross, Xaume Olleros, Niall Horan, There's, Tom Holland, Warren Little, Stephen Curry, Isaiah Vazquez, Celine Dion, René Angélil, Dion, Sam Levi, Miles Teller, Alice Cooper, Cooper, Kathryn Newton, Newton, Ezra Shaw, Sandy Young, Little, Tiger Woods, Oscar Wilde’s, Woods, Jamie Squire, Allen Iverson Organizations: CNN, “ City of Angels, ”, Nike, Prince, NBA, University of North Carolina, PGA, Chicago, NFL, Mission, Getty, Management, BMW PGA, Golden State Warriors, Clarkson Creative, Club, American, Tahoe, LPGA, Ryder, Celtic, Team, April’s, Augusta National Locations: Augusta , Georgia, Los Angeles, New York, “ City, Florida, British, Alba, Hainan, AFP, Irish, Terrebonne , Quebec, American, Celtic Manor, Wales, Augusta

☆ Alibaba shares rise after it completes three-year regulatory overhaul
▼ + stars: | 2024-08-30 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Alibaba has completed a three-year regulatory "rectification" process following an antitrust fine it received on charges of monopolistic practices in 2021, China's market regulator said on Friday. In 2021, China's SAMR fined Alibaba 18.23 billion yuan ($2.6 billion) as part of an anti-monopoly investigation into the tech giant. Jefferies analysts said in a note Friday that the conclusion of the regulatory process was a "positive" for the company, which "highlights this is a new start and ensures compliance in operations." Ant Group itself also underwent a regulator-supervised rectification process, with most of the major issues resolved by last year. Regulatory concerns have been an overhang on the Alibaba stock, which has fallen more than 70% from its peak in 2020.

Persons: Alibaba, China's SAMR, Jefferies, Jack Ma, —, Christine Wang Organizations: China's, Administration, Market, Alibaba, Ant Group, Ant Locations: Beijing, China

☆ Dell attempts to sell cybersecurity firm SecureWorks again, sources tell Reuters
▼ + stars: | 2024-08-29 | by ( ) www.cnbc.com time to read: +2 min

Personal computer maker Dell Technologies is again exploring a possible sale of SecureWorks , after unsuccessful earlier attempts to find a buyer for the U.S. cybersecurity firm, according to people familiar with the matter. Dell, which has shed many non-core assets in recent years, owns 79.2% of SecureWorks by holding all of the company's class B shares, according to recent filings. Dell explored a sale of SecureWorks in 2019, part of an effort to trim Dell's debt pile, Reuters reported at the time. Dell acquired SecureWorks for $612 million in 2011, before listing its shares through an initial public offering in New York in 2016. The company's shares have risen by about 46% so far this year, outperforming an 18% rise in the S&P 500 index.

Persons: Michael Dell, Morgan Stanley, Piper Sandler, Dell, outperforming Organizations: Dell Technologies, U.S, Dell, SecureWorks, Reuters Locations: , Texas, SecureWorks, Atlanta , Georgia, cyberattacks, New York

☆ Affirm shares have best day in three years, surge 32% after earnings beat
▼ + stars: | 2024-08-29 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Affirm shares soared nearly 32% on Thursday, notching their best day in almost three years, after the provider of buy now, pay later loans beat on the top and bottom lines in its earnings report. For the current quarter, Affirm sees revenue in the range of $640 million to $670 million. Analysts for Mizuho called it a "killer quarter" for Affirm in a note Thursday, and said the "prospect of turning GAAP operating income-positive" will be "a major milestone." Even after Thursday's rally, Affirm shares are still down about 15% for the year, while the Nasdaq is up 19%.

Persons: Max Levchin, LSEG, Jerome Powell Organizations: PayPal, Allen & Company Sun Valley Conference, Mizuho, Nasdaq, Federal, Bank of America, Apple Locations: Sun Valley , Idaho

☆ Delivery Hero (DHER) plans IPO of Middle East unit Talabat in Dubai
▼ + stars: | 2024-08-29 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

BERLIN, GERMANY - SEPTEMBER 04: The Delivery Hero office photographed on September 04, 2020 in Berlin, Germany. (Photo by Jeremy Moeller/Getty Images)European food delivery firm Delivery Hero says it plans to spin off its Middle East business Talabat and float it on the Dubai stock exchange later this year. In a brief statement Thursday, Delivery Hero said that it is "preparing a listing of its Talabat business on the Dubai Financial Market" in the fourth quarter. "A listing may be pursued through a secondary sale of shares by Delivery Hero which would retain the majority interest in the local listing entity after an IPO," Delivery Hero said in a statement. Shares of Delivery Hero jumped nearly 10% Thursday on the back of the Talabat IPO news as of 7:30 a.m.

Persons: Jeremy Moeller, Niklas Ostberg Organizations: Getty, Dubai, CNBC Locations: BERLIN, GERMANY, Berlin, Germany, Dubai

☆ Trump can soon tap his $2 billion Truth Social fortune. But it won’t be easy
▼ + stars: | 2024-08-29 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —For months, former President Donald Trump has been sitting on a social media fortune that he couldn’t touch. As recently as May 9, Trump’s dominant stake of 114.75 million shares of Trump Media was valued at $6.2 billion. Despite the recent selloff, Trump Media is still valued at nearly $4 billion. Once the lock-up period expires, Trump will no longer be prohibited from borrowing against his stake in Trump Media. Experts say that if Trump does borrow against his Truth Social stake, he may not be required to disclose it.

Persons: Donald Trump, Trump, ” Michael Ohlrogge, Kamala Harris, ”, Charles Whitehead, Elon Musk, Mark Zuckerberg, Phillip Juhan, Scott Glabe, Andrew Northwall, Vladimir Novachki, Devin Nunes, Jay Ritter, ” ‘, “ It’s, ” Ritter, “, can’t, ” Ohlrogge, Ohlrogge Organizations: New, New York CNN, Trump, Truth Social, Trump Media & Technology, Trump Media, New York University School of Law, CNN, Democratic, Cornell Law School, “, ”, Meta, Republican, SEC, Trump Media & Technology Group Corp, University of Florida’s Warrington College of Business, NYU Locations: New York

☆ Super Micro shares fall 19% on filing delay, Hindenburg Research report
▼ + stars: | 2024-08-28 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Shares of Super Micro Computer closed down 19% on Wednesday, after the company announced it would not file its annual report for the fiscal year with the U.S. Securities and Exchange Commission on time. "SMCI is unable to file its Annual Report within the prescribed time period without unreasonable effort or expense," the company said in a release. Super Micro makes computers that companies use as servers for websites, data storage and other applications, including artificial intelligence algorithms. CNBC could not independently verify Hindenburg's claims. It is unclear if the delay in Super Micro's annual report is related to Hindenburg's findings.

Persons: SMCI, Hindenburg, — CNBC's Michael Bloom Organizations: Micro, U.S . Securities, Exchange Commission, Nvidia, AMD, Intel, Hindenburg Research, CNBC, JPMorgan, SEC

☆ Trump Media stock falls below $20 per share, a first since company went public
▼ + stars: | 2024-08-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Trump Media ended Wednesday's trading session down more than 4% at $20.10 per share. The monthslong Trump Media stock slide continued Wednesday, as shares of the company majority-owned by former President Donald Trump fell below $20 for the first time since the Truth Social maker went public more than five months ago. A Trump Media spokesperson did not immediately respond to CNBC's request for comment on the stock's latest dive. If he does sell — or if he even appears likely to — investors could lose confidence in Trump Media, a situation the company's own regulatory filings have acknowledged. But the company has noted that its fledgling social media platform, Truth Social, depends at least partly on Trump's enduring popularity and reputation.

Persons: monthslong, Donald Trump, Trump, Kamala Harris Organizations: Trump Media, Nasdaq, monthslong Trump Media, Republican, Trump, Forbes, Democratic Locations: Pennsylvania

☆ CrowdStrike shares spike after first quarterly report since global outage
▼ + stars: | 2024-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowdStrike shares spike after first quarterly report since global outagePaul Hickey, Bespoke Investment Group co-founder, Nicole Webb, Wealth Enhancement Group SVP, and Patrick Moorhead, Moor Insights & Strategy CEO and CNBC's Steve Kovach weigh in on CrowdStrike earnings.

Persons: Paul Hickey, Nicole Webb, Patrick Moorhead, Steve Kovach Organizations: Investment Group, Wealth, Moor

☆ Affirm shares surge 16% after better-than-expected results, strong guidance
▼ + stars: | 2024-08-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Affirm reported gross merchandise volume, or GMV, of $7.2 billion, up 31% from a year earlier. Affirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results . For the current quarter, Affirm sees revenue in the range of $640 million and $670 million. Affirm shares were down 36% for the year as of Wednesday's close, but have been trending higher lately, up 12% in August. In June, Affirm and Apple announced plans for U.S. Apple Pay users on iPhones and iPads to be able to apply for loans directly through Affirm.

Persons: Max Levchin, LSEG, Jerome Powell, Gina Sanchez, CNBC's, Sanchez, that's Organizations: Revenue, Federal, Bank of America, Apple, U.S, Lido Advisors

☆ We're making 100% on a trim of this cybersecurity stock in an overbought market
▼ + stars: | 2024-08-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Shortly after the opening bell, we'll sell 30 shares of Palo Alto Networks at roughly $349.50 each. Following Monday's trade, Jim Cramer's Charitable Trust will own 230 shares of PANW, decreasing its weighting to 2.4% from 2.71%. PANW YTD mountain Palo Alto Networks YTD Monday's trim of Palo Alto Networks was signaled both before and after last week's strong earnings report , especially when it was up about 8% last Tuesday . THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Friday's dovish, Jerome Powell, Jackson, Jim Cramer, Jim Organizations: Palo Alto Networks, Federal, CNBC Locations: Palo, cybersecurity

☆ Move over Hinge and Tinder, there's a new crop of dating apps. Meet the founders behind 11 startups sparking romance.
▼ + stars: | 2024-08-26 | by ( Sydney Bradley | Dan Latu | ) www.businessinsider.com time to read: +17 min

AdvertisementJoshi's dating app, Friend of a Friend, has ads plastered around New York City. AdvertisementThe anti-swipersWhen setting out to build a dating app, swiping fatigue was top of mind for Vaish Sesetty and Cyrus Belsoi, the founders of the dating app Pique. AdvertisementLast year, Chernyak followed her frustration out of her legal career and launched the video-profile dating app Fast-Forward Dating App with two cofounders. AdvertisementThe Instagram DMsOne of the biggest dating apps isn't even a dating app — it's Instagram. Fast-Forward Dating App is a video-profile dating app where users answer five questions on camera with no edits or filters.

Persons: —, Forbes, who'd, Serena Kerrigan, Kerrigan, Rex Woodbury, Vaish Sesetty, Cyrus Belsoi, Belsoi, Karima Ben Abdelmalek, France who's, Abdelmalek, they've, Happn, Joe Feminella, Feminella, Hannah, Elle Wilson, Wilson, Danielle Dietzek, Julie Griggs, Fourplay, Nicole Fara Silver, Dietzek, Anushka Joshi, Friend, Joshi, Derek Lee, Lee, Boo, David Chang, Richard Chang, Katya Chernyak, Chernyak, Aeen Avini, Victoria Todis, Bumble, Nandini Mullaji, Mullaji, Chad DePue, who's, Jeremy Liew, Sitch, Alex Weitzman, hasn't, Weitzman, Amori, Tabitha, Ethan, Pique, Lieu Organizations: Service, Match, Business, Bradley, Microsoft, Daybreak Ventures, Amazon Web Services, Manna, New, Lightspeed Locations: New York City, York City, Paris, TikTok, Park, Brooklyn, France, singlehood, Victoria, Chicago, Los Angeles, Phoenix, Sitch

☆ What to know about Telegram, the messaging app whose CEO was arrested over the weekend
▼ + stars: | 2024-08-26 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

New York CNN —The arrest of Telegram CEO Pavel Durov in France over the weekend has thrust the popular messaging service and its enigmatic founderinto the spotlight. Durov’s arrest comes as the app has faced growing scrutiny for its use by terrorist groups and far-right extremists. Telegram is an encrypted messaging service that was launched in 2013 by Durov and his brother, Nikolai. And earlier this month, the messaging app began actively removing calls to violence from the platform following reports that the app was being used to organize far-right, anti-immigrant riots in the United Kingdom. In addition to running Telegram, Durov has become something of an online influencer, sharing images on Instagram of his world travels (and, often, shirtless photos).

Persons: Pavel Durov, Durov, fraudsters, Laure Beccuau, Beccuau, Maria Butina —, Emmanuel Macron, ”, ” Macron, “, it’s, Nikolai, launderers, White supremacists, Remi Vaughn, Vaughn, Mark Zuckerberg, Viktor Yanukovich, ” Durov, – Joshua Berlinger, Camille Knight, Anna Chernova Organizations: New, New York CNN, Paris’s, Reuters, ISIS, Financial Times, Trump, Facebook, ”, VK, Ukraine’s, Kremlin Locations: New York, France, Russian, Russia, Paris, Durov, Iran, India, Ukraine, Moscow, Israel, United Kingdom, Soviet Union, Kyiv, Dubai

☆ Trading Fed rate cuts: These banks are primed to outperform when rates fall, Evercore ISI says
▼ + stars: | 2024-08-24 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

A few well-known regional banks are poised to benefit from the Federal Reserve's upcoming interest rate cuts, according to Evercore ISI. Fed Chair Jerome Powell indicated on Friday that the central bank is ready for interest rate cuts ahead , although he declined to provide the exact timing or extent of the cuts. As investors await the Fed's moves, Evercore ISI used its updated asset/liability committee scenarios and several banks' net interest income commentary to find which names appear strongest in a lower interest rate environment. According to the note, Comerica, U.S. Bancorp and Fifth Third each forecast two interest rate cuts this year. Comerica shares dipped more than 10% on July 19 after the company posted its second-quarter results.

Persons: Jerome Powell, John Pancari, Pancari, Curtis Farmer, Truist Organizations: Federal, ISI, Comerica, Truist Financial, U.S . Bancorp, Fifth Third Bancorp, FactSet Locations: U.S

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