On this episode of Stock Movers:

- Wells Fargo (WFC) shares slump after the firm missed analysts’ profit estimates as severance costs drove up expenses, with the bank spending $612 million on severance.

- Coinbase (COIN) shares rise after news a new proposal tied to crypto market structure legislation would allow digital-asset companies to offer rewards to customers who hold stablecoins, with some exemptions.

- Palo Alto (PANW) shares fall after Reuters reported that China has told domestic companies to stop using cybersecurity software made by about a dozen US and Israeli firms due to national security concerns, citing people familiar with the matter.

On this episode of Stock Movers: - Wells Fargo (WFC) shares slump after the firm missed analysts&rsquo; profit estimates as severance costs drove up expenses, with the bank spending $612 million on severance. - Coinbase (COIN) shares rise after news a new proposal tied to crypto market structure legislation would allow digital-asset companies to offer rewards to customers who hold stablecoins, with some exemptions. - Palo Alto (PANW) shares fall after Reuters reported that China has told domestic companies to stop using cybersecurity software made by about a dozen US and Israeli firms due to national security concerns, citing people familiar with the matter.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Wells Fargo Drops, Coinbase Rises, Palo Alto Falls on News of China Cybersecurity Ban

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/26e875db-8ff7-4325-89c3-b3d200fe9813/transcript

On this episode of Stock Movers:

- Chevron (CVX) shares rise. Chevron Corp. is considering investing in European liquefied natural gas import capacity, but needs greater clarity on the bloc's methane rules before making a long-term commitment. The company is interested in building out regasification capacity as part of an expansion of its pipeline-gas business in Europe, which would allow it to deliver imported gas directly into the continent's grid.

- Oracle (ORCL) drop following a disclosure that co-founder and Chief Technology Officer Larry Ellison canceled a plan to sell company shares.

- Roblox (RBLX) shares gain. Roblox announced new tools and features at its annual developers conference, which could help accelerate growth according to Wedbush.

On this episode of Stock Movers:
- Chevron (CVX) shares rise. Chevron Corp. is considering investing in European liquefied natural gas import capacity, but needs greater clarity on the bloc's methane rules before making a long-term commitment. The company is interested in building out regasification capacity as part of an expansion of its pipeline-gas business in Europe, which would allow it to deliver imported gas directly into the continent's grid.
- Oracle (ORCL) drop following a disclosure that co-founder and Chief Technology Officer Larry Ellison canceled a plan to sell company shares.
- Roblox (RBLX) shares gain. Roblox announced new tools and features at its annual developers conference, which could help accelerate growth according to Wedbush.

Chevron Rises, Oracle Drops, Roblox Gains as Wedbush Says New Tools Can Accelerate Growth

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7a837818-d131-48f2-9ea5-b4c500fa7133/transcript

On this episode of Stock Movers:

- RUM Group (RUM) rises 28% in trading before regular market hours. The Information reports that Anthropic has struck a $13.7 billion compute pact with the firm. Rum Group had disclosed a major contract worth $13.7 billion in an August securities filing but did not name the customer, the Information reported.

- ServiceNow (NOW) shares rise. Shares of software companies, especially those seen as being at risk from AI disruption are rising after AI leaders called for a slower pace of development of their most advanced models.

- Baldwin Insurance (BWIN) shares gain. Michael Dell’s family office and Sequence Holdings acquired Baldwin Insurance Group Inc. in an all-cash deal valued at $7.7 billion. DFO Management and Sequence will form an entity that holds a majority stake in Baldwin, while certain Baldwin employees will retain a minority stake.

On this episode of Stock Movers:
- RUM Group (RUM) rises 28% in trading before regular market hours. The Information reports that Anthropic has struck a $13.7 billion compute pact with the firm. Rum Group had disclosed a major contract worth $13.7 billion in an August securities filing but did not name the customer, the Information reported.
- ServiceNow (NOW) shares rise. Shares of software companies, especially those seen as being at risk from AI disruption are rising after AI leaders called for a slower pace of development of their most advanced models.
- Baldwin Insurance (BWIN) shares gain. Michael Dell&rsquo;s family office and Sequence Holdings acquired Baldwin Insurance Group Inc. in an all-cash deal valued at $7.7 billion. DFO Management and Sequence will form an entity that holds a majority stake in Baldwin, while certain Baldwin employees will retain a minority stake.

RUM Group Rallies, ServiceNow Rises, and Baldwin Insurance Gains on Dell & Sequence Deal

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7d613ca1-1b0b-493d-8341-b4c500f3203f/transcript

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Baldwin (BWIN) shares are moving as Michael Dell’s family office and Sequence Holdings teamed up to acquire Baldwin Insurance Group Inc. in an all-cash deal valued at $7.7 billion. 

- SpaceX (SPCX) shares are moving after the Chief Executive Elon Musk said Sunday on social media platform X that he is "highly confident" the company will launch Nvidia's (NVDA) Vera Rubin NLV72 artificial intelligence computers in space next year.

- Oracle (ORCL) shares are lower as Chairman Larry Ellison canceled his plan to sell as many as 50 million shares in the tech company, a holding worth $7.5 billion.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Baldwin (BWIN) shares are moving as Michael Dell&rsquo;s family office and Sequence Holdings teamed up to acquire Baldwin Insurance Group Inc. in an all-cash deal valued at $7.7 billion.&nbsp;
- SpaceX (SPCX) shares are moving after the Chief Executive Elon Musk said Sunday on social media platform X that he is "highly confident" the company will launch Nvidia's (NVDA) Vera Rubin NLV72 artificial intelligence computers in space next year.
- Oracle (ORCL) shares are lower as Chairman Larry Ellison canceled his plan to sell as many as 50 million shares in the tech company, a holding worth $7.5 billion.

Dell-Baldwin Acquisition; ; Oracle-Ellison Stock Plan

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/437796a5-54a6-4809-b55d-b4c500e16b34/transcript

Wells Fargo Drops, Coinbase Rises, Palo Alto Falls on News of China Cybersecurity Ban

In 1 playlist(s)

Stock Movers

Social links

Follow podcast

Recent clips