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Stocks making the biggest moves midday: Peloton, Lam Research, Lowe's, AstraZeneca and more

Check out the companies making the biggest moves midday: Peloton — The stock plunged 14% following the connected fitness company’s announcement it will begin a “global refinancing” process that includes a convertible notes offering and a $1 billion five-year term loan. Peloton, which recently announced a restructuring plan , has struggled with falling sales. Lam […]

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Fed Gov. Waller wants 'several months' of good inflation data before lowering rates

Federal Reserve Gov. Christopher Waller, citing a string of data showing that inflation appears to be easing, said Tuesday that he does not think further interest rate increases will be necessary. However, the policymaker added he will need some convincing before he backs cuts anytime soon. “Central bankers should never say never, but the data

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Here's how to buy renewable energy from your electric utility

As carbon emissions from fossil fuels keep warming the planet, eco-conscious consumers may wonder if there’s a way to buy electricity from renewable sources without installing technology like solar panels or windmills on their property. In short, the answer is yes. However, the option isn’t necessarily available to all homeowners and renters. It also often

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Stocks making the biggest moves premarket: Macy's, Lowe's, Peloton, Zoom Video and more

Check out the companies making headlines in premarket trading. Macy’s — The department store operator added about 3% after beating earnings estimates for the first quarter and raising its full-year outlook. Macy’s touted its turnaround plan as a driver for the strong results. Lowe’s — The home improvement stock rose more than 2% after the

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Family offices become prime targets for cyber hacks and ransomware

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are under increasing attack from cybercriminals, and many don’t have the staff or technology to prepare, according to a

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China's sweeping measures to prop up the property sector will need time to show results

BEIJING — China’s sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. Despite the news, S&P is still sticking to its base case from earlier in the month that China’s property market is likely still “searching for a bottom,” Edward Chan, director, corporate ratings, said during

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Jamie Dimon says JPMorgan stock is too expensive: 'We're not going to buy back a lot'

Jamie Dimon thinks shares of JPMorgan Chase are expensive. That was the message the bank’s longtime CEO gave analysts Monday during JPMorgan’s annual investor meeting. When pressed about the timing of a potential boost to the bank’s share repurchase program, Dimon did not mince words. “I want to make it really clear, OK? We’re not

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JPMorgan CEO Jamie Dimon signals retirement is closer than ever

Jamie Dimon’s days as CEO of JPMorgan Chase are numbered — though its unclear by how much. In a response to a question Monday about the bank’s succession planning, Dimon indicated that his expected tenure is less than five more years. That’s a key change from Dimon’s previous responses to succession questions, in which his

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Nvidia is cheap heading into major earnings report, tech investor Dan Niles says

Nvidia is still considered cheap and can rise after its earnings report, according to Dan Niles. The semiconductor stock turned artificial intelligence darling has run up big, said the Niles Investment Management founder. But he also pointed out that Nvidia is still about 15% below the five-year price-to-earnings average, leading him to think shares can

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Stocks making the biggest moves midday: Hims & Hers Health, Norwegian Cruise Line, Target and more

Check out the companies making headlines in midday trading: Hims & Hers Health — Shares surged more than 30% after the telehealth company introduced access to compounded GLP-1 injections, expanding on the weight loss program it launched in December. Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results.

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