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Enphase Energy surges after record quarter despite supply chain woes

Jonathan Fisk (Solaray Director) moves a sunroof at the Sydney solar installation company’s Sydney location. Jason Reed | Reuters Shares Enphase EnergyExtended trading Tuesday saw a more than 12 percent increase in the stock market after the company posted record third-quarter revenue, despite continuing headwinds due to supply chain bottlenecks. Microinverters for solar systems and […]

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Stock futures are flat after Dow, S&P close at records

U.S. stock index futures were little changed during overnight trading on Tuesday after the Dow and S&P closed at record highs as earnings season continues. Futures contracts tied to the Dow Jones Industrial Average and S&P 500 were flat. Nasdaq 100 futures declined 0.09%. During regular tradingTo close the day at an unprecedented high, the […]

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More than half of 2022’s solar projects threatened by spiking costs, new report finds

Death Valley Solar Farm Getty Images| Brand X Pictures | Getty Images A new Rystad energy report says that rising solar prices, due to price rises and constraints in the supply chain, could lead to more than half of 2022’s utility-scale buildout. According to Bloomberg, there are 90 gigawatts worth of utility-scale solar projects in […]

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Ramp targets Bill.com with free payments software

Eric Glyman, Karim Atiyeh and Karim Asyeh are cofounders at Ramp corporate card startup. Initiation of a corporate credit card RampPublicly traded competitors are being pursued Bill.comCNBC offers a free platform for invoice management and payment. This year, the start-up saw rapid growth. It offers small- and medium-sized companies a cashback card that pairs with […]

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Mastercard says any bank or merchant on its vast network can soon offer crypto services

Credit cards Mastercard Roberto Machado Noa/ LightRocket via Getty Images Crypto economy is on the verge of expanding. MastercardCNBC learned that the company is about to reveal that all of its thousands of banks, and many millions of merchants connected to it on their payments network will soon be able integrate crypto in their products. […]

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Wells Fargo has a new virtual assistant in the works and it’s named Fargo

At the SIBOS financial and banking conference in Toronto, you will see a Wells Fargo logo Chris Helgren | Reuters Wells FargoCNBC reports that CNBC is in the process of developing a virtual assistant for it to assist with its conversion from traditional banking customers to digital users. Michelle Moore (the bank’s consumer-digital head), said […]

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David Tepper doesn’t think stocks are a great investment here, but says it all depends on rates

David Tepper is the founder and president at Appaloosa management. David Orrell | CNBC David Tepper is a hedge fund manager who became somewhat bearish regarding the stock markets, citing uncertainty surrounding interest rates and inflation. Tepper, CNBC’s host said that “I don’t believe it’s an excellent investment right now.” “Halftime Report” Friday. “I don’t […]

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Trump social media SPAC Digital World Acquisition Corp. surges another 100%

Donald Trump, the former US president, has announced his plans to launch his social networking platform “TRUTH Social” on October 20, which will be available for invitation only. Getty Images| AFP | Getty Images SPAC is short for special purpose acquisition corporation. This company raises capital on the stock exchanges with the goal of merging […]

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Paul Tudor Jones says inflation could be worse than feared, biggest threat to markets and society

Paul Tudor Jones Michael Nagle | Bloomberg | Getty Images Billionaire hedge fund manager Paul Tudor Jones believes that inflation is here to stay, posing a major threat to the U.S. markets and economy. “I think to me the number one issue facing Main Street investors is inflation, and it’s pretty clear to me that inflation is […]

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Goldman Sachs enlists American Express to take on cash management titans like Citigroup

A Goldman Sachs logo is seen displayed on a smartphone screen. Omar Marques | SOPA Images | LightRocket | Getty Images Goldman Sachs is partnering with American Express to upgrade its digital cash management offering, CNBC has learned. The investment bank is leaning on the world’s biggest issuer of business charge cards in its quest […]