Flushing Bank in New York City.Google EarthFlushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned.The bank’s CEO, John Buran, has told potential investors that he intends to...
Check out the companies making headlines in midday trading: Adobe — The software company tumbled more than 12% after it announced lighter-than-expected revenue estimates for the fiscal first quarter. Adobe guided for revenue between $5.63 billion and $5.68 billion in...
After ringing the opening bell at the New York Stock Exchange on Thursday, President-elect Donald Trump stopped short of telling investors to buy more stock as he gets set to take office.”I don’t want to get into a situation where they do and we have a dip...
Check out the companies making headlines before the bell. Constellation Energy — The energy stock added 2% following an upgrade to buy from neutral at Bank of America. Analyst Ross Fowler said that the company was in the best position to benefit from upcoming...
Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting...
Check out the companies making headlines in midday trading: Broadcom — Shares added 7% following a report from The Information that the semiconductor manufacturer was assisting Apple in creating an artificial intelligence chip. Shares of Apple traded less than 1%...
Check out the companies making headlines in extended trading. Adobe — The software company fell 8% after issuing lighter-than-expected revenue estimates for the fiscal first quarter. Adobe guided for revenues between $5.63 billion and $5.68 billion in the period,...
Hispanolistic | E+ | Getty ImagesConsumers saw inflation pick up slightly in November as price increases in categories including groceries, gasoline and new cars outweighed a deceleration in others such as shelter during the month.The consumer price index, a key...
Check out the companies making headlines in premarket trading. Macy’s — The department store chain tumbled 9% after it lowered its fiscal-year forecast. Macy’s now sees adjusted earnings coming in between $2.25 to $2.50, while prior guidance adjusted for...
Aly Song | ReutersChinese Vice Premier He Lifeng has met with several U.S. finance executives in the last month as Beijing seeks to build relationships ahead of President-elect Donald Trump’s planned tariffs on China.He Lifeng is one of China’s four vice...
