Charles Schwab Corp. is likely to launch prediction markets linked to financial events as competitors including Robinhood Markets Inc. expand their presence in the space. Schwab is “taking a hard look” at prediction markets, Chief Executive Officer Rick Wurster said on a conference call Thursday, but would stay away from allowing customers to place wagers on sports or pop culture given the firm’s ...
Charles Schwab Corp. is likely to launch prediction markets linked to financial events as competitors including Robinhood Markets Inc. expand their presence in the space. Schwab is “taking a hard look” at prediction markets, Chief Executive Officer Rick Wurster said on a conference call Thursday, but would stay away from allowing customers to place wagers on sports or pop culture given the firm’s focus on building clients’ long-term wealth. “Prediction markets that are not aligned to that are not something we want to pursue,” Wurster said on the call with analysts to discuss first-quarter results. Read More: Schwab Revenue Misses Estimates Even as Client Assets Climb Prediction markets are not on the top of clients’ lists of demands, he said, but Westlake, Texas-based Schwab is “ready to move when and if needed, and when we do, we’ll stay away from gambling.”
Bloomberg Intelligence's Kenneth Shea discusses PepsiCo's strong earnings performance, highlighting a rebound in salty snack sales and successful innovation in the beverage segment. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Bloomberg Intelligence's Kenneth Shea discusses PepsiCo's strong earnings performance, highlighting a rebound in salty snack sales and successful innovation in the beverage segment. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Stellantis has named former Hyundai executive Michael Orange as its new head of U.S. sales, replacing longtime Stellantis leader Jeff Kommor, who will retire.
Stellantis has named former Hyundai executive Michael Orange as its new head of U.S. sales, replacing longtime Stellantis leader Jeff Kommor, who will retire.
Sven Piper The Tesla ( TSLA ) Cybertruck has seen a boost from Elon Musk's other companies, according to tracking by S&P Global Mobility. Notably, without sales to Elon Musk-led companies, Cybertruck registrations in Q4 would have fallen 51%. SpaceX ( SPACE ) accounted for 1,279 of the 7,071 Cybertrucks registered in the U.S. in Q4, while Musk's other ventures snapped up another 60 Cybertrucks dur...
Sven Piper The Tesla ( TSLA ) Cybertruck has seen a boost from Elon Musk's other companies, according to tracking by S&P Global Mobility. Notably, without sales to Elon Musk-led companies, Cybertruck registrations in Q4 would have fallen 51%. SpaceX ( SPACE ) accounted for 1,279 of the 7,071 Cybertrucks registered in the U.S. in Q4, while Musk's other ventures snapped up another 60 Cybertrucks during the quarter. Tesla ( TSLA ) started selling the Cybertruck in the U.S. in late November 2023. While demand was strong at first, helped by early hype and limited availability, demand cooled notably in 2024 and 2025. Shares of Tesla ( TSLA ) moved 1.7% lower in morning trading on Thursday after breaking more than 12% higher over the last week. Tesla ( TSLA ) is lined up to report first-quarter earnings on April 22 after the market closes. As usual, most of the attention will be on the earnings conference call, during which Elon Musk is expected to discuss AI and autonomy progress and timelines. More on Tesla Tesla's Deliveries Reinforce How It Has Further To Decline Tesla: Don't Worry About Inventory (Rating Upgrade) Tesla: Brutal Sell-Off Opens A Dip-Buying Window Musk’s Terafab taps Applied Materials, Tokyo Electron, Lam Research in chip push: report Tesla jumps 8%, putting it on track for its best day in nine months
Sven Piper The Tesla ( TSLA ) Cybertruck has seen a boost from Elon Musk's other companies, according to tracking by S&P Global Mobility. Notably, without sales to Elon Musk-led companies, Cybertruck registrations in Q4 would have fallen 51%. SpaceX ( SPACE ) accounted for 1,279 of the 7,071 Cybertrucks registered in the U.S. in Q4, while Musk's other ventures snapped up another 60 Cybertrucks dur...
Sven Piper The Tesla ( TSLA ) Cybertruck has seen a boost from Elon Musk's other companies, according to tracking by S&P Global Mobility. Notably, without sales to Elon Musk-led companies, Cybertruck registrations in Q4 would have fallen 51%. SpaceX ( SPACE ) accounted for 1,279 of the 7,071 Cybertrucks registered in the U.S. in Q4, while Musk's other ventures snapped up another 60 Cybertrucks during the quarter. Tesla ( TSLA ) started selling the Cybertruck in the U.S. in late November 2023. While demand was strong at first, helped by early hype and limited availability, demand cooled notably in 2024 and 2025. Shares of Tesla ( TSLA ) moved 1.7% lower in morning trading on Thursday after breaking more than 12% higher over the last week. Tesla ( TSLA ) is lined up to report first-quarter earnings on April 22 after the market closes. As usual, most of the attention will be on the earnings conference call, during which Elon Musk is expected to discuss AI and autonomy progress and timelines. More on Tesla Tesla's Deliveries Reinforce How It Has Further To Decline Tesla: Don't Worry About Inventory (Rating Upgrade) Tesla: Brutal Sell-Off Opens A Dip-Buying Window Musk’s Terafab taps Applied Materials, Tokyo Electron, Lam Research in chip push: report Tesla jumps 8%, putting it on track for its best day in nine months
hapabapa Morgan Stanley said several companies, including Datadog ( DDOG ), JFrog ( FROG ), Palantir Technologies ( PLTR ), Atlassian ( TEAM ), and Dynatrace ( DT ), have the potential to modestly accelerate growth and raise full-year guidance, heading into the quarterly results of software stocks. The firm noted that despite significant stock underperformance, demand environment remains healthy. ...
hapabapa Morgan Stanley said several companies, including Datadog ( DDOG ), JFrog ( FROG ), Palantir Technologies ( PLTR ), Atlassian ( TEAM ), and Dynatrace ( DT ), have the potential to modestly accelerate growth and raise full-year guidance, heading into the quarterly results of software stocks. The firm noted that despite significant stock underperformance, demand environment remains healthy. Analysts led by Sanjit Singh said that infrastructure software (excluding Neo Clouds) stocks have declined about 15% over the past month, underperforming the IGV (-13%) and the Nasdaq (+1%) largely due to renewed concerns from AI-native competition. "Despite this, our intra-quarter industry conversations point to a healthy demand environment in Q1 and cautious optimism for 2026 reflecting strong public cloud spend, continued strength in cloud migrations, significant uptick in net-new software development initiatives largely related to AI and a broader move to consolidate spend with vendors offering a platform versus those offering more narrow point solutions," said Singh and his team. The analysts noted that they did not hear of bookings being negatively impacted in the first quarter due to the rising geopolitical tensions or higher energy prices, but this could be a risk factor that materializes later in the year should current conditions persist. "From a vendor standpoint, our Datadog checks stood out as the strongest among companies set to report in the next few weeks, followed by Palantir and JFrog. Dynatrace checks were also constructive while Appian and Atlassian screened more mixed. The optimistic tone from our partner conversations is supported by our latest CIO [Chief Investment Officer] survey results, which reported an improvement in 2026 software budget growth expectations to +4.1% from an earlier read last quarter of +3.7%," said Singh and his team. The analysts added that with these stocks down heading into the first quarter results, they think the most attrac...
hapabapa Morgan Stanley said several companies, including Datadog ( DDOG ), JFrog ( FROG ), Palantir Technologies ( PLTR ), Atlassian ( TEAM ), and Dynatrace ( DT ), have the potential to modestly accelerate growth and raise full-year guidance, heading into the quarterly results of software stocks. The firm noted that despite significant stock underperformance, demand environment remains healthy. ...
hapabapa Morgan Stanley said several companies, including Datadog ( DDOG ), JFrog ( FROG ), Palantir Technologies ( PLTR ), Atlassian ( TEAM ), and Dynatrace ( DT ), have the potential to modestly accelerate growth and raise full-year guidance, heading into the quarterly results of software stocks. The firm noted that despite significant stock underperformance, demand environment remains healthy. Analysts led by Sanjit Singh said that infrastructure software (excluding Neo Clouds) stocks have declined about 15% over the past month, underperforming the IGV (-13%) and the Nasdaq (+1%) largely due to renewed concerns from AI-native competition. "Despite this, our intra-quarter industry conversations point to a healthy demand environment in Q1 and cautious optimism for 2026 reflecting strong public cloud spend, continued strength in cloud migrations, significant uptick in net-new software development initiatives largely related to AI and a broader move to consolidate spend with vendors offering a platform versus those offering more narrow point solutions," said Singh and his team. The analysts noted that they did not hear of bookings being negatively impacted in the first quarter due to the rising geopolitical tensions or higher energy prices, but this could be a risk factor that materializes later in the year should current conditions persist. "From a vendor standpoint, our Datadog checks stood out as the strongest among companies set to report in the next few weeks, followed by Palantir and JFrog. Dynatrace checks were also constructive while Appian and Atlassian screened more mixed. The optimistic tone from our partner conversations is supported by our latest CIO [Chief Investment Officer] survey results, which reported an improvement in 2026 software budget growth expectations to +4.1% from an earlier read last quarter of +3.7%," said Singh and his team. The analysts added that with these stocks down heading into the first quarter results, they think the most attrac...
The consensus price target hints at a 41.6% upside potential for Microsoft (MSFT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
The consensus price target hints at a 41.6% upside potential for Microsoft (MSFT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
(RTTNews) - Shares of Abbott Laboratories (ABT) are falling about 4 percent on Thursday morning trading after the company announced a decline in first-quarter earnings to $1.07 billion, or $0.61 per share, from last year's $1.32 billion, or $0.76 per share.
(RTTNews) - Shares of Abbott Laboratories (ABT) are falling about 4 percent on Thursday morning trading after the company announced a decline in first-quarter earnings to $1.07 billion, or $0.61 per share, from last year's $1.32 billion, or $0.76 per share.
Cheng Xin | Getty Images News | Getty Images Charles Schwab is rolling out crypto trading, allowing clients to buy bitcoin and ether through a new arm called Schwab Crypto, the company said Thursday. The move places the brokerage in direct competition with companies like Robinhood, which tend to serve a younger clientele. Schwab has been vocal for months about its clients' interest in crypto inves...
Cheng Xin | Getty Images News | Getty Images Charles Schwab is rolling out crypto trading, allowing clients to buy bitcoin and ether through a new arm called Schwab Crypto, the company said Thursday. The move places the brokerage in direct competition with companies like Robinhood, which tend to serve a younger clientele. Schwab has been vocal for months about its clients' interest in crypto investing. "We know our clients want to conduct more of their financial lives at Schwab," said Jonathan Craig, head of retail investing at Charles Schwab. "With Schwab Crypto, clients who want direct access to the asset class can trade it alongside their other investments, while benefiting from the service, education, and research they expect from us." Shares were lower by 2% on Thursday following the companies quarterly financial results. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.