Tesla, SoFi, Alphabet, Apple, Paramount, Fulton Financial, Deciphera, and More
jumped 13% after CEO Elon Musk made a surprise visit over the weekend to China, where he pushed to unlock new driver-assistance technology for Chinese
owners. Chinese officials told Tesla that Beijing tentatively has approved the company’s plan to launch its “Full Self-Driving,” or FSD, software feature in the country, The Wall Street Journal reported, citing people familiar with the matter. Tesla will deploy its autonomous-driving technology based on mapping and navigation functions provided by China’s
Baidu
,
the people told the Journal. U.S.-listed shares of
rose 6.4%.
was down 2.6% to $167.41. The parent company of Google rose 10% Friday and closed with a market cap of $2.13 trillion, the first time it has closed with a valuation above $2 trillion.
became only the fourth U.S. company in history to hit the milestone. Spurring the gains were better-than-expected earnings and a well-received new capital allocation plan, including the company’s first dividend.
reported its second straight quarter of profitability, topped revenue estimates, and boosted its fiscal-year guidance. Shares of the financial-technology company, however, were falling 10% after
said it expects second-quarter net revenue of $555 million to $565 million, below analysts’ forecasts of $581 million.
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was rising 4.5%. The Wall Street Journal reported last week that the entertainment company’s board has been considering replacing Chief Executive Bob Bakish with a committee of executives to run Paramount as it explores a sale. Several reports over the weekend said Bakish would either be fired or resign as early as Monday. Paramount also is scheduled to report quarterly earnings Monday.
The Federal Deposit Insurance Corp. said
subsidiary, Fulton Bank, would assume the deposits of struggling lender
which operated 32 bank branches in Pennsylvania, New Jersey and New York under the name Republic Bank. Fulton, rising 9.1%, bought
through an auction run by the FDIC after Pennsylvania state banking regulators seized the troubled regional bank. Republic First Bancorp is the first U.S. bank failure this year.
rose 4.7% after the pizza chain reported first-quarter earnings and revenue that beat Wall Street forecasts.
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reported first-quarter adjusted earnings of $1.08 a share, beating estimates of $1.04. Revenue of $1.86 billion also beat Wall Street forecasts. Earnings guidance for the second quarter, however, came in below expectations. The stock was rising 4%.
Earnings reports are expected after the closing bell Monday from
Chegg
,
and
F5
.
Reports are expected later in the week from
Apple
,
McDonald
’s
,
PayPal
,
3M
,
Qualcomm
,
Pfizer
,
Moderna
,
DoorDash
,
Zillow
,
Fastly
,
DuPont
,
eBay
,
Amgen
,
Block
,
and
Hershey
.
was up 2.9% to $174.20 after…
Read More: Tesla, SoFi, Alphabet, Apple, Paramount, Fulton Financial, Deciphera, and More