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Browsing Category
Business
JPMorgan Chase CEO Jamie Dimon says recession is still on the table for U.S.
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025.Al Drago | Bloomberg | Getty ImagesWall Street titan Jamie Dimon said…
Watch Fed Chair Jerome Powell deliver live remarks on policy review
Federal Reserve Chair Jerome Powell speaks Thursday morning to the Thomas Laubach Research Conference.The topic of Powell's presentation will be the review the central bank is conducting this year of its policy framework. Conducted every…
Assassins Creed maker Ubisoft (UBI) stock plunges on dismal outlook
Artwork for Ubisoft's upcoming "Assassin's Creed Shadows" game.John Keeble | Getty ImagesShares of Ubisoft sank 18% on Thursday after the French video game firm reported full-year earnings that disappointed investors.Ubisoft reported a…
Alibaba earnings report fiscal Q4 2025
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba shares fell on Thursday after the Chinese e-commerce giant missed earnings expectations for its fiscal fourth…
Walmart (WMT) Q1 2026 earnings
People shop at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty ImagesWalmart will report its quarterly earnings before the bell on Thursday, as investors and economists gauge the strength of the U.S.…
CoreWeave (CRWV) Q1 2025 earnings report
Shares of artificial intelligence infrastructure provider CoreWeave reported better-than-expected revenue on Wednesday in the company's first earnings release since going public. The company also called for faster growth than expected for…
Cisco (CSCO) Q3 earnings report 2025
Cisco Chairman and CEO Chuck Robbins speaks at a keynote address at the Cisco Live! conference in Las Vegas on June 7, 2023.Ethan Miller | Getty Images Entertainment | Getty ImagesCisco reported earnings and revenue that topped analysts'…
CPI inflation April 2025: Rate hits 2.3%
Inflation was slightly lower than expected in April as President Donald Trump's tariffs just began hitting the slowing U.S. economy, according to a Labor Department report Tuesday.The consumer price index, which measures the costs for a…
LA wildfires cost German reinsurers $1.9 billion in first quarter
An aerial view of homes destroyed in the Palisades Fire on January 27, 2025 in Pacific Palisades, California. Mario Tama | Getty ImagesGermany's biggest reinsurers took a $1.9 billion profit hit in the first quarter from claims related to…
German business leaders tell new government: It’s time to deliver
TEGERNSEE, GERMANY — Top German business leaders, economists and politicians descended onto a small, picturesque Bavarian town situated next to the iconic Tegernsee lake last week to share their hopes and discuss what's at stake for the new…
Honda reports 76% plunge in operating profit
Honda is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBCJapanese auto giant Honda missed fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact…
SoftBank Vision Fund swings to annual loss as investment gains slow
SoftBank CEO Masayoshi Son delivers remarks next to U.S. President Donald Trump at an 'Investing in America' event in Washington, D.C., U.S., April 30, 2025. Leah Millis | ReutersSoftbank's Vision Fund business on Tuesday posted a loss in…
Tariff receipts topped $16B in April, helped cut budget deficit
Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, on May 12, 2025.Carlos Barria | ReutersReceipts from U.S. tariffs hit a record level in April as revenue…
Bessent sees tariff agreement as progress in ‘strategic’ decoupling with China
Treasury Secretary Scott Bessent said Monday that the trade agreement reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products.Though the U.S. "decoupling" itself from its need for cheap imports…
Saudi oil giant Aramco posts 5% dip in first-quarter profit
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | ReutersSaudi Aramco's first-quarter net profit fell 5% year-on-year amid…
Lyft CEO says no signs of worry in the consumer
Lyft CEO David Risher poses for a portrait in New York City, U.S., April 16, 2025. Kylie Cooper | ReutersLyft shares climbed 20% Friday after the ride-sharing company upped its share buyback plan and posted better-than-expected gross…
Germany’s economy chief Reiche sets out roadmap to end turmoil
Germany needs to take more risks and boost its stagnant economy with a decade of investment in infrastructure, German Minister for Economic Affairs and Energy Katherina Reiche said Friday."The next decade will be the decade of…
Texas Roadhouse’s momentum in April blunts inflation risk nipping at its heels
Texas Roadhouse on Thursday evening reported a disappointing first quarter, with inclement weather dragging down comparable store sales. However, early signs of a stronger second quarter were giving investors hope, nudging the stock…
Coinbase (COIN) earnings Q1 2025
A smartphone with the Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this photo taken June 8, 2023.Dado Ruvic | ReutersCoinbase shares fell as first-quarter revenue came in shy of Wall Street's…
Andrew Bailey on why UK-U.S. trade deal won’t end uncertainty
Bank of England Governor Andrew Bailey attends the central bank's Monetary Policy Report press conference at the Bank of England, in the City of London, on May 8, 2025. Carlos Jasso | Afp | Getty ImagesBank of England Governor Andrew Bailey…
Krispy Kreme stock plunges after McDonald’s rollout pause
Justin Sullivan | Getty Images News | Getty ImagesKrispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is "reassessing" its rollout with McDonald's and pulled its full-year outlook in part due to economic…
Restaurant Brands International (QSR) Q1 2025 earnings
A Burger King restaurant is seen on October 25, 2024 in New York City. Michael M. Santiago | Getty ImagesRestaurant Brands International on Thursday reported quarterly earnings and revenue that missed analysts' expectations as same-store…
Nintendo forecasts sales of 15 million units for Switch 2 console
Attendees walk past an advertising board during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025. Isabel Infantes | ReutersNintendo said Thursday that it…
Shipping giant posts profit beat
The Maersk Alfirk, left, and Colorado Express container ships docked at the Port of Los Angeles in Los Angeles, California, US, on Thursday, April 24, 2025. Bloomberg | Bloomberg | Getty ImagesDanish shipping giant Maersk on Thursday posted…
March Madness drags down first-quarter results
Flutter CEO Peter Jackson told CNBC customer-friendly results in the NCAA's college basketball tournament weighed on overall first-quarter results for FanDuel's parent company. The global sports and online gambling platform reported…
Carvana (CVNA) earnings Q1 2025
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023.Brandon Bell | Getty ImagesDETROIT — Carvana's first-quarter results easily topped Wall Street's expectations as the company reported record sales…
Arm (ARM) Q1 earnings reports 2025
Rene Haas, CEO of chip tech provider Arm Holdings, holds a replica of a chip with his company's logo on it, during an event in which Malaysia's Prime Minister Anwar Ibrahim officially announces a $250 million deal with the company, in Kuala…
AppLovin shares pop on earnings beat, mobile gaming business sale
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesAppLovin shares soared as high as 15% in extended trading after the company reported earnings and revenue that beat expectations and announced the sale of its mobile gaming…
Disney shares surge on earnings beat and many more positive things to like
Disney shares surged Wednesday on a strong quarter and positive guidance. The cherry on top was plans for a new theme park in the United Arab Emirates, a sign of long-term confidence in its profit engine. Revenue in the three months ended…
AMD CEO Lisa Su warns against strict U.S. chip controls
Advanced Micro Devices CEO Lisa Su said China is a "large opportunity" market for the semiconductor and artificial intelligence industry even as export controls and evolving tariff plans loom over the world's second-largest economy."There…