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Browsing Category
Business
Unemployment spiked for Black men in January as more joined the labor force
Jobseekers talk to recruiters during the New York Public Library's annual Bronx Job Fair & Expo at the Bronx Library Center in the Bronx borough of New York, US, on Friday, Sept. 6, 2024.Yuki Iwamura | Bloomberg | Getty…
Pinterest shares rocket 17% on strong revenue and user growth
Sopa Images | Lightrocket | Getty ImagesPinterest shares surged 19% after the company beat Wall Street's fourth-quarter sales estimates and showed robust user growth from a year ago.The image-sharing company reported revenues of $1.15…
Consumer inflation fears spike in February as tariff worries hit sentiment
People shop at a Whole Foods store on Feb. 3, 2025 in New York City.Michael M. Santiago | Getty ImagesConsumers grew dramatically more worried about near-term inflation as President Donald Trump pushed aggressive tariffs against major U.S.…
Affirm shares soar 20% on revenue beat, surprise profit during holiday
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty…
Minneapolis Fed’s Kashkari expects lower interest rates later this year
Minnesota Federal Reserve President Neel Kashkari said Friday he expects to see interest rates lower this year if the economic data continue to move in the same direction.In a CNBC interview, the central bank official expressed confidence…
Jobs report January 2025:
A hiring sign is displayed in the window of a Chipotle on August 22, 2024 in Alexandria, Virginia. Anna Rose Layden | Getty ImagesJob creation was weaker than expected in January, the Bureau of Labor Statistics reported Friday.Nonfarm…
Pinterest shares surge 20% after company beats on fourth-quarter revenue
Sopa Images | Lightrocket | Getty ImagesPinterest shares surged as much as 20% after the social media company reported fourth-quarter earnings Thursday that beat on revenue.Here's how the company did, compared to analysts' consensus…
Doximity (DOCS) Q3 earnings 2025
Doximity at the New York Stock Exchange for its initial public offering on June 24, 2021.Source: NYSEShares of Doximity popped 25% in extended trading on Thursday after the company reported third-quarter fiscal 2025 results that beat…
Affirm (AFRM) earnings report Q2 2025
Affirm shares jumped more than 15% in extended trading on Thursday after the provider of buy now, pay later loans reported better-than-expected fiscal second-quarter results.Here's how the company did, compared to analysts' consensus…
Amazon set to pass Walmart in revenue for first time
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada.Noah Berger | Getty Images Entertainment | Getty…
Bristol Myers Squibb (BMY) earnings Q4 2024
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023.Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb on Thursday said it will slash $2 billion in costs by…
Bristol Myers’ stock decline in response to weak guidance is a gift to investors
Bristol Myers Squibb on Thursday reported better-than-expected quarterly results, but weak guidance for 2025 sent shares lower. Jim Cramer's faith in the drugmaker is unshaken. Revenue in the fourth quarter rose 8% year over year to $12.34…
Amazon’s quarterly beats took a back seat to a couple dings we’re not going to sweat
Amazon shares fell roughly 4% on Thursday evening despite the e-commerce and cloud giant reporting a stronger-than-expected fourth quarter after the closing bell. The market participants during extended trading took issue with a…
E.l.f. Beauty CEO ‘relieved’ levies are only 10%
The New York Stock Exchange welcomes E.l.f. Beauty on March 18, 2024, to celebrate its 20th anniversary of founding.The CEO of E.l.f. Beauty, which manufactures about 80% of its cosmetics in China, told CNBC on Thursday that it was…
Some Census Bureau data now appears to be unavailable to the public
Many databases from the U.S. Census Bureau appeared to be unavailable to the public on Thursday, with users being told access was "forbidden" when attempting to download common datasets.Several economists told CNBC's Steve Liesman that they…
E.l.f. Beauty (ELF) earnings Q3 2025
E.l.f. Beauty on Thursday cut its full-year guidance after seeing a 36% drop in profits and "softer than expected" sales trends in January, marking a rare downturn for one of beauty's hottest brands. The cosmetics company reported holiday…
AWS earnings Q4 2024
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024.Noah Berger | Getty Images Entertainment | Getty ImagesAmazon said Thursday that revenue growth from its…
The big January jobs report comes out Friday. Here’s what to expect
A hiring sign is posted on the door of a Taco Bell on August 22, 2024 in Alexandria, Virginia. Anna Rose Layden | Getty ImagesThe U.S. labor market likely began 2025 in solid fashion, if a bit of a step down from where it closed the…
We’re updating our Honeywell rating after long-awaited breakup news, sensible guide
Investors sold down the stock roughly 5.5% on a disappointing 2025 guide.
Linde shares whipsaw after earnings, highlighting lesson for investors
Linde 's earnings Thursday was a great example of why investors should always wait to hear from management before making any moves. Shares of the industrial gas giant fell after delivering a softer forecast than Wall Street expected — and…
Eli Lilly has its mojo back ahead of a pivotal year for the drug giant
Eli Lilly on Thursday reminded investors that the best growth story in large-cap pharmaceuticals has hardly grown stale, sending shares to their highest levels since October. Revenue in the three months ended Dec. 31 rose 45% year over year…
Amazon (AMZN) Q4 earnings report 2024
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.David Paul Morris | Bloomberg | Getty ImagesAmazon is slated to report fourth-quarter earnings Thursday after the market close.Here's what…
Bank of England’s Bailey says UK can’t avoid U.S. tariff impact
Even if the U.K. is not the "direct recipient" of potential tariffs imposed by the U.S., "it will have an effect," Bank of England Governor Andrew Bailey said Thursday.If tariffs are announced, their effect on the global economic growth and…
Yum Brands (YUM) earnings Q4 2024
Yum Brands on Thursday reported quarterly earnings and revenue that beat Wall Street estimates, fueled by strong sales for KFC's international restaurants and Taco Bell.Shares of the company rose more than 7% in morning trading.Here's what…
Roblox plummets 16% on disappointing bookings, daily active users miss
Roblox shares plunged more than 16% after the gaming platform fell short of Wall Street's bookings and daily active user estimates.Roblox reported bookings of $1.36 billion for the fourth quarter, versus the $1.37 billion expected by…
Peloton (PTON) Q2 2025 earnings
Peloton told investors Thursday it still has a "steep hill to climb" to achieve profitable growth under its new CEO, but the connected fitness company beat holiday sales expectations, thanks in part to its partnership with Costco. The bike…
Bessent says Trump is focused on the 10-year yield, won’t push Fed to cut rates
U.S. Secretary of the Treasury Scott Bessent speaks, at the White House, in Washington, U.S. February 3, 2025. Elizabeth Frantz | ReutersThe Trump administration is more focused on keeping Treasury yields low rather than on what the Federal…
Tapestry (TPR) Q2 2025 earnings
The logo of U.S. fashion brand Coach is seen in New York on Nov. 19, 2024.Charly Triballeau | AFP | Getty ImagesShares of Coach parent Tapestry shot up about 15% in premarket trading after the company beat holiday-quarter sales expectations…
Eli Lilly (LLY) earnings Q4 2024
Eli Lilly on Thursday reported mixed results for the fourth quarter, even as sales of its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro soared.The company's quarterly earnings topped Wall Street estimates, but sales…
Chinese telecom giant Huawei revenue surges despite U.S. sanctions
Huawei launched the Mate 70 series in an event in Shenzhen on November 26, 2024. The phones are the first capable of running Huawei's new operating system called HarmonyOS NEXT.HuaweiBEIJING — Chinese telecommunications and smartphone giant…