DIRS.INFO The most relevant business & tech news

☆ Banks take No. 1 spot, tech loses a market crown: The 2023 Just 100 rankings
▼ + stars: | 2023-01-10 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

1 on the 2023 Just 100 list, and it's not alone among peers. On last year's list, the top four spots all went to tech companies. "Banks have been steadily improving their game and that's the standout," he said of this year's Just 100 list. 71, making the cut for the Just 100 list. This year's top 10 still included five tech companies: NVIDIA , Microsoft , Hewlett Packard Enterprise , Apple , and Intel .

☆ Stocks making the biggest moves premarket: Tesla, Nutanix, Meta and more
▼ + stars: | 2022-12-23 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Tesla (TSLA) – Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Tesla gained 1.2% in the premarket. Nutanix (NTNX) – Nutanix tumbled 16.6% in the premarket following a report that Hewlett Packard Enterprise (HPE) has ended talks to acquire the cloud computing company. Meta Platforms (META) – Meta and users of its Facebook platform settled a privacy class action lawsuit, with Meta agreeing to pay $725 million. Oilfield services stocks – Halliburton (HAL) gained 1.4% in the premarket, with Schlumberger (SLB) up 1.3% and Baker Hughes (BKR) rising 1%.

☆ Stocks making the biggest moves midday: Mission Produce, Nutanix, Alphabet, Tesla and more
▼ + stars: | 2022-12-23 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Energy — Energy stocks outperformed on the S&P 500 following a rise in oil prices, which jumped Friday on expectations of a drop in Russian crude supply. Biogen — The biotech stock declined fell slightly after Biogen's Japanese partner Eisai said a third person has died during a trial of their experimental Alzheimer's treatment, confirming Reuters reports. Carnival , Norwegian Cruise Line — Cruise line operators declined as fears of a recession weighed on consumer discretionary stocks, which was one of three worst performers in the S&P 500. Shares of Carnival were down more than 4%, while Norwegian Cruise Line was down more than 2%. Mission Produce — Shares of the avocado producer dropped more than 14% after the company reported financial results for its most recent quarter.

☆ Rainwater Tech to list in New York via SPAC merger
▼ + stars: | 2022-12-22 | by ( David French | ) www.reuters.com time to read: +2 min

Led by Mike Nefkens, the former president of Hewlett Packard Enterprise Services, Rain Enhancement Technologies - to be known as Rainwater Tech - plans to commercialize a method known as ground-based ionization that makes clouds drop more rain. The merger values Rainwater Tech at $200 million, with dMY VI using the $241 million it raised through its initial public offering in October 2021 to capitalize the company. "This is not a technology which creates rain out of blue sky, but it is about maximizing the amount of rain when the conditions are right," Nefkens said. "We are seeing a rotation in investor sentiment from things which are nice to have towards things which we can't live without," said Niccolo de Masi, CEO of dMY VI. Reporting by David French in New York Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves premarket: Designer Brands, Lands' End, Salesforce and more
▼ + stars: | 2022-12-01 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

Dollar General (DG) – Dollar General slumped 6.1% in premarket trading after the discount retailer cut its annual forecast due to higher costs. Lands' End (LE) – The apparel retailer reported an unexpected quarterly loss. Salesforce (CRM) – Salesforce fell 7.4% in the premarket after the business software company announced that co-CEO Bret Taylor would be stepping down January 31, leaving Chairman Marc Benioff as the sole CEO. Five Below (FIVE) – Five Below rallied 9.3% in premarket trading in the wake of better than expected quarterly results. Splunk (SPLK) – Splunk staged an 8.1% premarket rally after the data management software company reported upbeat quarterly results and boosted its full-year forecast.

☆ Stocks making the biggest moves midday: Salesforce, Five Below, Okta, Costco and more
▼ + stars: | 2022-12-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Salesforce did report earnings and revenue that beat analyst expectations for the most recent quarter, however. Costco – Shares of retailer Costco shed nearly 6% after the company reported softer-than-expected sales figures for November that could signal a weak consumer heading into the holiday shopping season. The cloud data platform provider reported earnings that beat expectations but provided light revenue guidance, which sent the stock lower after-hours Wednesday. The company reported 29 cents of earnings per share on $645 million of revenue. The lingerie company reported earnings of 29 cents per share on revenue of $1.32 billion.

☆ More Cases, Policy Changes Are on the Horizon, DOJ’s New Fraud Section Chief Says
▼ + stars: | 2022-11-30 | by ( Dylan Tokar | ) www.wsj.com time to read: +4 min

The fraud section has at least two bribery-related settlements with corporations that it plans to finalize in the coming weeks, Mr. Leon said. Justice Department settlements typically require companies to undertake compliance reforms over a set period of time. A company’s chief executive and chief compliance officer will be required to sign at the end of that period the certification document, stating that the company’s compliance program is “reasonably designed to prevent and detect” future violations. A veteran of the fraud section, Mr. Leon previously served as a supervisor in its securities fraud unit beginning in 2011 and then briefly as its deputy chief before departing in early 2014. More policy changes are on the horizon, Mr. Leon said, including an update to the fraud section’s FCPA corporate enforcement policy.

☆ Stocks making the biggest moves premarket: Hormel, Petco, CrowdStrike and more
▼ + stars: | 2022-11-30 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Earnings beat estimates, but sales came up short of Wall Street forecasts. Petco (WOOF) – Petco's adjusted quarterly earnings of 16 cents per share matched Street forecasts, but revenue was slightly above estimates. CrowdStrike (CRWD) – CrowdStrike plunged 17.6% in the premarket after the cybersecurity company's subscription numbers came in below analyst forecasts. NetApp (NTAP) – NetApp tumbled 10.9% in the premarket on a weaker than expected forecast from the cloud computing company, which reported better than expected quarterly earnings. Hewlett Packard Enterprise (HPE) – Hewlett Packard Enterprise added 1.9% in the premarket after the enterprise computing company reported record quarterly sales and issued strong revenue guidance.

☆ Stocks making the biggest moves midday: CrowdStrike, Horizon Therapeutics, Petco and more
▼ + stars: | 2022-11-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Otherwise, CrowdStrike beat estimates on the top and bottom lines in its most recent quarterly results. Petco — Shares of Petco jumped 12% after reporting third-quarter revenue that was slightly above Wall Street estimates. Workday — Shares of Workday jumped 12% after the company posted earnings results Tuesday that beat Wall Street expectations. Though earnings beat Wall Street estimates, revenue came up short. Biogen — Shares rose more than 3% after a new study on Biogen and Eisai's experimental Alzheimer's drug showed promising results.

☆ We've gained share in computing and networking, and are set up to perform in storage, says HPE CEO
▼ + stars: | 2022-11-30 | 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 EmailWe've gained share in computing and networking, and are set up to perform in storage, says HPE CEOAntonio Neri, Hewlett Packard Enterprise CEO, joins 'TechCheck' to discuss if the macroeconomy is less of a concern for him right now, how the company will look to position itself going forward and how he's working around getting stuck with inventory that's hard to move.

☆ Here’s how China’s COVID lockdown protests are sparking unrest across markets and rattling the global investing landscape.
▼ + stars: | 2022-11-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today we're going over what the ongoing protests in China mean for markets and investors. While the protests in China have been largely peaceful, some protesters have been met with violence from the authorities. Anti-government protests have erupted from Shanghai to Beijing as citizens rise up in opposition of China's zero-COVID policies. "Markets don't like bad news, and protests are bad news," Laffer told me on a phone call yesterday. China protests over lockdown measures could mean inflation gets stuck at 4%, according to Mohamed El-Erian.

☆ Stock futures are flat after major averages slide on Covid unrest in China
▼ + stars: | 2022-11-28 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022. U.S. stock futures were flat on Monday night after the major averages came under pressure from Covid protests in China, and as investors anticipated more economic data and commentary from Federal Reserve leaders this week. Growing frustration in mainland China over the country's zero-Covid policy weighed on markets around the world. On Monday, West Texas Intermediate crude futures briefly fell to their lowest point since last December. Fed Chair Jerome Powell is scheduled to speak at the Hutchins Center on Fiscal and Monetary Policy at Brookings on Wednesday.

☆ Stocks finish higher as the Street awaits key inflation data next week
▼ + stars: | 2022-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains. Under the hood, all sectors closed higher for the week, led by utilities, materials and financials. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.

☆ The November jobs report and the Fed matter most to markets in the week ahead
▼ + stars: | 2022-11-25 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

November's jobs report is the big event for markets in the week ahead, and it could provide important insight into the path of Federal Reserve interest rate hikes. The labor market has cooled only slightly, as other parts of the economy have slowed. But the labor market has been more resilient than expected, challenging the Fed's efforts to tame inflation by slowing economic activity. Besides the jobs report, there is the Job Openings and Labor Turnover Survey (JOLTS) report Wednesday, as well as the Fed's beige book on economic activity. "Holding above 4,000, as we await the jobs report and those other economic reports would be constructive for one more move before Christmas," he said.

☆ Cloud-Security Startup Lacework Taps New CFO as It Weighs IPO
▼ + stars: | 2022-11-17 | by ( Kristin Broughton | ) www.wsj.com time to read: +3 min

Cloud-security business Lacework Inc. on Thursday named a finance chief with public-company experience as the startup lays the groundwork for an eventual initial public offering. He has also held senior finance roles at technology companies ServiceNow Inc. and Hewlett Packard Enterprise Co. At Lacework, Mr. Casey succeeds Mike Staiger, who stepped down in June. Lacework has ample cash from last year’s fundraising round and likely won’t need more capital for at least a couple of years, Mr. Casey said. Additionally, Mr. Casey is helping Lacework adjust its pricing model, for instance by offering customers a wider range of functionalities and price points. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.

☆ BigID: 2022 Top Startups for the Enterprise
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

All companies are now digital enterprises, regardless of sector, but for many years, data wasn't being managed in the best way possible for the privacy era. BigID's data intelligence platform is used by clients to proactively discover, manage and protect regulated, sensitive and personal data across their data landscape. Using machine learning and data, BigID can address data privacy, security and governance challenges across all different types of data for clients ranging from financial services to healthcare. The company, which raised $100 million in its Series D funding round that valued it at $1.25 billion, has investors that include ServiceNow , Hewlett Packard Enterprise , Salesforce , SAP and Splunk . The 2022 Top Startups for the Enterprise list is powered and inspired by the members of CNBC's Technology Executive Council (TEC).

☆ Morgan Stanley's Mike Wilson flags a key risk to earnings — and names the stocks to avoid
▼ + stars: | 2022-10-17 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Morgan Stanley believes U.S companies are facing an inventory problem — and it's a key risk to earnings. "The problem with inventory is two-fold: supply chain bottlenecks are clearing while demand, especially demand for goods, is slowing," Morgan Stanley strategists led by Michelle Weaver and Mike Wilson wrote in an Oct. 10 note. Morgan Stanley believes the inventory problem has now become a risk to earnings, with oversupply and lagging demand likely to weigh on companies' margins. However, although a broad problem for the market and for goods producing industries in particular, not all industries are impacted to the same degree, according to Morgan Stanley. The bank found that tech hardware and consumer retail companies are among the most at risk from excess inventory.

Search resuls for: "Packard Enterprise"

17 mentions found