2 Hours AgoRakuten stocks spike greater than 15% after it posts smaller annual loss The emblem of Eastern tech massive Rakuten emblem noticed on the Cellular Global Congress 2019.Paco Freire| SOPA Photographs | LightRocket by way of Getty ImagesShares of Rakuten Team jumped greater than 15% on Thursday after the Eastern era conglomerate posted a smaller loss for 2023 when put next with a 12 months previous.Rakuten’s revenue document launched past due on Wednesday confirmed an working lack of 212.86 billion yen for 2023, when put next with 371.61 billion yen in 2022.The corporate additionally recorded a smaller attributable lack of 339.47 billion yen, when put next with 2022’s 377.21 billion yen.Benefit and income for its fintech and web provider industry segments rose in 2023, whilst its cell section losses fell by means of nearly 30% in 2023.— Lim Hui Jie, Shreyashi Sanyal6 Hours AgoJapan’s fourth-quarter GDP displays marvel contraction Flag of Japan on darkish blue background. 3-D renderDa-kuk | E+ | Getty ImagesJapan’s economic system shrank hastily throughout the final quarter of 2023, consistent with executive information.Provisional gross home product reduced in size 0.4% within the fourth quarter when put next with a 12 months in the past, after a revised 3.3% droop within the July-September duration.The studying used to be additionally a lot not up to a Reuters ballot forecast of one.4% expansion.Japan additionally reduced in size 0.1% quarter-over-quarter, after shrinking a revised 0.8% within the 3rd quarter from the second one.For extra, please learn the total tale.— Shreyashi Sanyal, Clement Tan6 Hours AgoSingapore’s economic system clocks slower-than-expected fourth-quarter growthSingapore’s economic system grew 2.2% 12 months on 12 months within the fourth quarter of 2023, authentic information on Thursday confirmed, falling wanting each the development estimates of a 2.8% expansion and Reuters’ expectancies of a 2.5% growth.At the entire, the Singapore economic system grew 1.1% in 2023, slower than the three.8% growth in 2022. The expansion in 2023 used to be in large part pushed by means of knowledge and communications and transportation and garage sectors.—Lee Ying Shan6 Hours AgoBerkshire Hathaway trims its Apple holdings Warren Buffett’s Berkshire Hathaway trimmed a number of holdings throughout the fourth quarter, together with Apple and HP, consistent with a securities submitting printed Wednesday.Berkshire additionally asked that Securities and Change Fee stay no less than certainly one of its holdings below wrap. The company made a identical request in its 3rd quarter submitting.See the checklist of Berkshire’s most sensible holdings on CNBC Professional. — Jesse Pound, Yun Li7 Hours AgoCisco, Twilio headline post-earnings inventory movesEven if index futures have been calm on Wednesday, revenue experiences have been riding large after hours strikes in particular person shares.Cisco — Stocks of the tech corporate fell greater than 5% after saying layoffs in its quarterly replace. Tripadvisor —The shuttle inventory popped 7% after fourth quarter effects beat Wall Side road estimates at the most sensible and backside traces, consistent with LSEG. Twilio — The tech inventory sank 11%. Twilio’s income steerage for the fourth quarter used to be softer than anticipated, consistent with LSEG.Take a look at extra movers right here.— Jesse Pound, Darla Mercado7 Hours AgoFutures open little changedStock futures have been successfully flat in a while after 6 pm in New York. Nasdaq 100 futures slipped however have been nonetheless down lower than 0.1%. — Jesse Pound
