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Tuesday 14-May-24
Shares of GameStop and AMC jumped around 60% in premarket trading on Tuesday, on track to extend gains as a pandemic-era meme stock frenzy returned.
GameStop, AMC shares jump another 60% in premarket trading as meme stock craze returns
Alibaba posted a beat on revenue in its fiscal fourth quater ended March, but the Chinese e-commerce giant's net profit plunged.
Chinese giant Alibaba posts 86% profit drop but beats revenue expectations
Home Depot reported first-quarter earnings as it tries to grow sales with home professionals in a tough housing market.
Home Depot misses on revenue, as high interest rates hurt sales
OpenAI repeats as the No. 1 company on the 2024 CNBC Disruptor 50 list as AI redefines the way VCs, startups and market giants invest, interact and compete.
Why OpenAI is the first company to be No. 1 on the CNBC Disruptor 50 list two years in a row
Anglo American shares fell over 3% early Tuesday after it announced plans to spin off its highly prized De Beers diamond business.
Diamond giant De Beers faces spin-off amid wider restructuring as Anglo American takeover pressure mounts
CNBC reveals the 2024 Disruptor 50 list, AI-driven startups moving beyond the 'better, faster, cheaper' mantra that defined Silicon Valley's past.
These are the 2024 CNBC Disruptor 50 companies: See the full list of startups riding the AI wave
Cole Smead, CEO of Smead Capital Management, told CNBC that it was "frankly stupid" that day traders were piling once again into GameStop and other meme stocks.
‘Frankly stupid’: Fund manager weighs in on reignited meme stock frenzy as GameStop soars
Tencent saw slightly better performance in its core gaming business as well as improved profitability in its advertising and business services division.
Tencent posts fastest profit growth in 3 years as online ads, business services offset slower gaming
Biden Cabinet members like Janet Yellen, Gina Raimondo and Antony Blinken have all raised concerns about Chinese trade practices.
Biden raises tariffs on $18 billion of Chinese imports: EVs, solar panels, batteries and more
Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, logging its first drop in annual profits since 2020.
Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target
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