Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out

Ali Ghodsi, co-founder and chief executive officer of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco on Oct. 22, 2019.David Paul Morris | Bloomberg | Getty ImagesOne of the world’s most valuable private tech companies...

Stocks making the biggest moves after hours: Dell Technologies, Autodesk, Workday and more

Check out the companies making headlines in after-hours trading. Ambarella – Shares of the semiconductor design company soared 20% on the back of a rosy outlook. Ambarella is calling for fourth-quarter revenue of $76 million to $80 million, while analysts polled by...

Fed officials see interest rate cuts ahead, but only ‘gradually,’ meeting minutes show

Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace, according to minutes from the November meeting released Tuesday.The meeting summary contained...

How President-elect Donald Trump’s policies may affect investors in these 8 market sectors

President-elect Donald Trump at a viewing of a test-flight launch of the SpaceX Starship rocket in Brownsville, Texas, Nov. 19, 2024.Brandon Bell | Getty Images News | Getty ImagesAs Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead...

Stocks making the biggest moves midday: Kohl’s, Best Buy, Zoom Communications, Stellantis and more

Check out the companies making headlines in midday trading: Kohl’s — Shares tumbled 18% after the retailer cut its sales outlook amid an uncertain holiday backdrop . The latest quarter’s earnings and sales fell short of Wall Street analysts’...

Stocks making the biggest moves premarket: Amgen, Best Buy, Abercrombie & Fitch, Stellantis and more

Check out the companies making headlines before the bell: Abercrombie & Fitch — Shares slipped nearly 4% despite the apparel retailer’s earnings beat and strong holiday guidance . Abercrombie & Fitch reported third-quarter earnings of $2.50 per share,...

Banco BPM says UniCredit’s ‘unusual’ $10.5 billion takeover offer does not reflect its profitability

A Banco BPM SpA bank branch in Milan, Italy, on Friday, Nov. 15, 2024. Bloomberg | Bloomberg | Getty ImagesItalian lender Banco BPM on Tuesday said the unexpected takeover offer by domestic rival UniCredit does not reflect its profitability.The 10 billion-euro...

Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019.Aly Song | ReutersBEIJING — President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese...

Stocks making the biggest moves after hours: Zoom Communications, Kohl’s, Semtech and more

Check out the companies making headlines after the bell : Zoom Communications — The maker of video calling software is lower by 1%. Zoom topped Wall Street quarterly estimates and posted fiscal fourth-quarter adjusted earnings per share guidance that was roughly in...

Stocks making the biggest moves midday: Bath & Body Works, Robinhood, Macy’s and more

Check out the companies making headlines in midday trading: Bath & Body Works — The Ohio-based personal care company climbed more than 16%, on pace for its best day since November 2022. The retailer raised its forecast for full-year adjusted profit and said it...