Check out the companies making headlines in midday trading.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. Uber also said it expects gross bookings growth to be in the mid to high-teens over the...
Category: Finance
Nvidia rally is fueling FOMO in the overall market, Evercore’s Julian Emanuel warns
Evercore ISI's Julian Emanuel thinks Nvidia's monster rally is fueling a fear of missing out in the market.He finds clients, including many who traded through the dot-com boom and subsequent collapse, are more worried about being underinvested than overexposed right now."That's the first time that's happened since 2021 for us,"...
Oil stocks share a bullish similarity with semis, but ‘no one cares,’ VanEck CEO says
Investors may want to consider putting money to work in a lagging part of the market.According to VanEck CEO Jan van Eck, oil stocks are getting a raw deal."The [oil] supply is there. The companies are arguably the next best cash flowing companies [compared to] the semiconductors," he told CNBC's...
Societe Generale posts sharp profit drop as net banking income slides
A logo outside a Societe Generale SA bank branch in Paris, France.Bloomberg | Bloomberg | Getty ImagesSociete Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income, but launched a new 280 million euro ($302 million) share buyback program.The French lender...
How to reduce — or avoid — airline fees for checked bags
Izusek | E+ | Getty ImagesChecking a bag at the airport has gotten pricier for travelers — and harder to avoid.A checked bag is one stored in a plane's cargo hold during a flight. While that service was free in years past, it's now standard for major airlines to charge...