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Finance

Stocks making the biggest moves after hours: Nvidia, Applied Materials

Jen-Hsun Huang, CEO, NvidiaDavid Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell:Shares of Nvidia jumped as much as 7% after the chipmaker announced better-than-expected second-quarter earnings. The company reported adjusted earnings per share of $1.24 on revenue of $2.58 billion. Analysts had expected…
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General Electric, Walmart, Alibaba and Tapestry

Traders work beneath a monitor displaying General Electric Co. signage on the floor of the New York Stock Exchange.Michael Nagle | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading:General Electric— Shares of GE plummeted as much as 14% shares after Madoff whistleblower Harry Markopolos accused the company of…
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Harry Markopolos says he can’t reveal the hedge fund he’s working for

Madoff whistleblower Harry Markopolos is probing GE on behalf of a hedge fund — but he won't say which one. "I can't — I promised confidentiality," Markopolos told CNBC's "Squawk on the Street " Thursday. "It's a mid-sized, U.S. based hedge fund."Markopolos said it was "their request," not his, and that he was getting a "decent percentage" of…
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Bill Ackman reveals a new stake in Warren Buffett’s Berkshire Hathaway

Bill Ackman, founder and CEO of Pershing Square Capital Management.Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman's Pershing Square Capital took a new stake in Warren Buffett's Berkshire Hathaway, according to a new regulatory filing.Pershing Square bought roughly 3.5 million shares of Class B shares, worth about $685 million at…
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