Business

A sign is posted in front of Electronic Arts (EA) headquarters on March 30, 2023 in Redwood City, California. Video game maker Electronic Arts announced plans to cut 6 percent of its nearly 13,000 person workforce.Justin Sullivan | Getty…

An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesAmerican Airlines' first-quarter earnings outlook on…

Illustration of the SK Hynix company logo seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSouth Korea's SK Hynix, one of the largest memory chipmakers in the world, posted record quarterly earnings Thursday on…

Visitors play the 'EA Sports FC 25' game in front of a placard with England's midfielder Jude Bellingham at the Electronic Arts booth during the media day at the Gamescom video games trade fair in Cologne, western Germany on Aug. 21, 2024. …

In this photo illustration the Visa, Mastercard and American Express logo on various credit cards and debit cards are seen beside US one dollar bills on January 4, 2025 in Somerset, England. Anna Barclay | Getty ImagesConsumer stress has…

Club holding Abbott Laboratories on Wednesday reported mixed fourth-quarter results and 2025 guidance. Still, shares of the medical device maker are up more than 1%, in a sign that investors had low expectations into the release. Revenue in…

A United Airlines airplane proceeds to a runway at Newark Liberty International Airport in front of the skyline of lower Manhattan and One World Trade Center in New York City on December 4, 2024, in Newark, New Jersey. Gary Hershorn |…

Pepto Bismol made by Procter & Gamble is displayed on a grocery store shelf on July 28, 2023 in Greenbrae, California. Justin Sullivan | Getty ImagesProcter & Gamble on Wednesday reported quarterly earnings and revenue that beat…

Nurphoto | Nurphoto | Getty ImagesLOS ANGELES — Netflix is due to report fourth-quarter earnings after the closing bell Tuesday.Wall Street will be paying close attention to details surrounding the company's advertising-supported business…

US President Joe Biden delivers his farewell address to the nation from the Oval Office of the White House in Washington, DC, on Jan. 15, 2025. Mandel Ngan | Via ReutersTo the untrained eye, Joe Biden leaves the presidency with what appears…

Apple stock should get better, but not quite yet. The news Evercore ISI added Apple to its tactical outperform list on Friday — one session after the stock had its worst performance since early August on reports showing iPhone softness in…

Firefighters battle flames during the Eaton Fire in Pasadena, California, U.S., Jan. 7, 2025.Mario Anzuoni | ReutersClimate-related natural disasters are driving up insurance costs for homeowners in the most-affected regions, according to a…

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Amber Wang | Afp | Getty ImagesTaiwan Semiconductor Manufacturing…

Ted Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Adam Galici | CNBCMorgan Stanley on Thursday topped estimates for fourth quarter earnings and…

Brian Moynihan, CEO of Bank of America, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCBank of America on Thursday posted results that topped expectations for profit and…

Shoppers pass a Cartier luxury store, operated by Cie. Financiere Richemont SA, in the Galeries Lafayette SA luxury department store in Paris, France.Bloomberg | Bloomberg | Getty ImagesShares of Cartier owner Richemont jumped on Thursday…

The National Gallery and the church St. Martin's in the Fields at dusk. Trafalgar Square, London, UKStockcam | E+ | Getty ImagesThe U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics…

Wells Fargo shares rallied Wednesday after the bank delivered better-than-expected earnings for the fourth quarter. While the reported numbers were solid, an upbeat outlook for 2025 stole the show. Total revenue for the three months ended…

Goldman Sachs shares jumped to near all-time highs Wednesday after the investment bank reported strong fourth-quarter results and signaled that more dealmaking is on the way. Revenue for the three months ended Dec. 31 increased over 22%…

BlackRock reported better-than-expected earnings Wednesday, lifting shares of the asset management giant higher as it embarks on a pivotal year of expansion into fast-growing markets. Revenue of $5.68 billion in the three months ended Dec.…

Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation, particularly on housing.The consumer price index increased a seasonally adjusted 0.4% on the…

Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.Kyle Grillot | Bloomberg via Getty ImagesCitigroup reported its fourth-quarter earnings Wednesday morning ahead…

The skyscrapers of the Frankfurt skyline in the evening, with the Deutschherrn Bridge in the foreground.Frank Rumpenhorst | Picture Alliance | Getty ImagesThe German economy contracted by 0.2% in 2024, in the country's second consecutive…

CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024.Lucovic Marin | Getty ImagesJPMorgan Chase…

David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCGoldman Sachs is scheduled to report fourth-quarter…

Cattle photographed in New Zealand. Agriculture plays a major role in New Zealand's economy, especially when it comes to exports.David Clapp | Stone | Getty ImagesNew Zealand's prime minister told CNBC the country has to look beyond its own…

Wall Street's biggest financial institutions kick off fourth-quarter earnings on Wednesday, with portfolio names Wells Fargo , Goldman Sachs , and BlackRock set to report results before the opening bell. The rally in financial stocks last…

A view from the United States Department of the Treasury building in Washington DC, United States on December 30, 2024. The US Treasury Department was cyberattacked by a Chinese state-sponsored actor in early December. Celal Gunes | Anadolu…

Customers shop for clothing at a Costco store on December 11, 2024 in Novato, California. Justin Sullivan | Getty ImagesA measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation…

ORLANDO, Fla. -- Lululemon and Abercrombie & Fitch raised their fourth quarter outlooks on Monday after seeing a strong response from shoppers during the all-important holiday season. Lululemon's new outlook went over well with…