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Browsing Category
Business
Fed’s Waller wants more evidence inflation is cooling before cutting interest rates
Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., on Friday, Sept. 23, 2022.Al Drago | Bloomberg | Getty ImagesFederal Reserve Governor Christopher Waller said Thursday he will need to…
European Central Bank posts first annual loss in decades
Rain falls over the finance district and the European Central Bank (ECB) in Frankfurt, Germany.Thomas Lohnes | Getty Images News | Getty ImagesThe European Central Bank on Thursday reported its first annual loss since 2004, following hefty…
Mercedes shares climb 5% on share buyback, despite ‘exceptional’ uncertainty ahead
Mercedes-AMG GT 43 4MATIC+ on display at Brussels Expo on January 9, 2020 in Brussels, Belgium. Sjoerd Van Der Wal | Getty Images News | Getty ImagesMercedes-Benz shares gained around 5% on Thursday morning after the German carmaker beat…
Turkey holds interest rate at 45% for first time after 8 months of hikes
Turkish flag over a DenizBank building. Turkey is expected to head to the polls on Sunday.Ismail Ferdous | Bloomberg | Getty ImagesTurkey's central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation…
Moderna (MRNA) earnings Q4 2023
Nikos Pekiaridis | Nurphoto | Getty ImagesModerna on Thursday posted a surprise quarterly profit, in part boosted by deferred revenue, even as the company saw slumping sales from its Covid vaccine, its only marketable product. The results…
Rolls-Royce shares jump 8% after 2023 profits more than double
An Airbus A340-313, operated by Universal Sky Carrier is landing at night in Barcelona, Spain.Nurphoto | Nurphoto | Getty ImagesLONDON — Rolls-Royce shares jumped more than 8% on Thursday after the British aerospace group more than doubled…
Nvidia (NVDA) earnings report Q4 2024
NVIDIA’s CEO Jensen Huang attends a media roundtable meeting in Singapore December 6, 2023.Edgar Su | ReutersNvidia is scheduled to announce fiscal fourth-quarter earnings after the bell Wednesday in a highly anticipated report that will…
Germany slashes 2024 growth forecast to just 0.2% amid slower-than-expected rebound
Robert Habeck, German Minister for Economy and Climate Protection and Vice Chancellor, is pictured during the weekly meeting of the cabinet on February 21, 2024 in Berlin, Germany.Florian Gaertner | Photothek | Getty ImagesGermany's gross…
HSBC profit misses estimates; bank announces $2 billion share buyback
Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019.Anthony Kwan | Bloomberg | Getty ImagesHSBC's full-year 2023 pretax profit missed analysts' estimates…
SolarEdge tumbles on weak first quarter guidance
A SolarEdge Technologies logo is seen on a smartphone and a PC.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesSolarEdge's stock tumbled Tuesday after the company gave weak guidance for the first quarter, as the residential solar…
Palo Alto Networks (PANW) earnings Q2 2024
Nikesh Arora, Palo Alto NetworksAdam Galica | CNBCShares of cybersecurity company Palo Alto Networks plunged 19% in extended trading Tuesday, after the company reported a beat on the top and bottom lines but lowered its full-year guidance…
Israel’s GDP contracts nearly 20% in fourth quarter amid Gaza war
An Israeli national flag above produce for sale at Carmel Market in Tel Aviv, Israel, on Nov. 7, 2023.Bloomberg | Bloomberg | Getty ImagesIsrael's gross domestic product shrank nearly 20% in the fourth quarter of 2023, according to official…
Bank of England rate cuts likely later but larger, Goldman Sachs says
Blurred buses pass the Bank of England in the City of London on 7th February 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesThe Bank of England is likely to hold interest rates higher for longer before slashing them…
Walmart (WMT) Q4 2024 earnings
Walmart said Tuesday that quarterly revenue rose 6%, as shoppers turned to the big-box retailer throughout the holiday season and the company's global e-commerce sales grew by double digits. The retail giant also announced Tuesday that it…
Barclays jumps 5% after announcing major strategic overhaul
LONDON - Nov. 5, 2020: Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square.Dan…
Home Depot (HD) Q4 2023 earnings
The logo of Home Depot is seen on a signboard near its store in Seattle. Home Depot is expected to report its quarterly earnings this week. Toby Scott | Lightrocket | Getty ImagesHome Depot will report its fiscal fourth-quarter earnings on…
January wholesale prices rise more than expected, another sign of persistent inflation
Customers shop at a Costco Wholesale store on December 15, 2023 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesWholesale prices rose more than expected in January, further complicating the inflation picture, according to a…
U.K. retail rebound provides glimmer of light for recession-hit nation
A general view of a kiosk near Charing Cross station in London, England, on January 20, 2024. (Photo by Alberto Pezzali/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesLONDON — Stronger-than-expected January retail sales…
Shake Shack (SHAK) earnings Q4 2023
The Chicken Shack sandwich from Shake Shack.Shake ShackStock Chart IconStock chart iconShake Shack stock.Here's how the company performed during the period, compared with estimates from LSEG, formerly known as Refinitiv:Earnings per share: …
Insurance giant Swiss Re posts 580% jump in full-year profit
Swiss Re CEO Christian Mumenthaler gestures during a session of the World Economic Forum (WEF) annual meeting in Davos on January 18, 2024.Fabrice Coffrini | Afp | Getty ImagesInsurance giant Swiss Re on Friday reported a sharp upswing in…
Coinbase (COIN) share surge after earnings
In this photo illustration, the Coinbase logo is seen displayed on a mobile phone screen. Idrees Abbas | SOPA Images | Lightrocket | Getty ImagesShares of cryptocurrency exchange Coinbase soared 12% Friday at 10:05 London time in U.S.…
Trade Desk shares soar on revenue beat and strong guidance
Jeff Green, CEO, The Trade DeskScott Mlyn | CNBCShares of The Trade Desk jumped over 18% on Thursday after the advertising technology company issued strong first-quarter guidance and beat on revenue.Here's what analysts were…
DraftKings posts 44% revenue growth, but falls short of estimates
In this photo illustration the DraftKings logo seen displayed on a smartphone.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesDraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom…
Toast will reduce workforce by 10% as growth slows
A screen displays the company logo for Toast Inc. during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2021. Brendan Mcdermid | ReutersToast, maker of restaurant management software, said on…
Retail sales January 2024:
Consumer spending fell sharply in January, presenting a potential early danger sign for the economy, the Commerce Department reported Thursday.Advance retail sales declined 0.8% for the month following a downwardly revised 0.4% gain in…
High rates help Germany’s Commerzbank post best results in 15 years
Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years.Net profit for the year beat expectations to come in at 2.2 billion euros ($2.36…
Jeep, Dodge-maker Stellantis’ profit slides as Detroit Three strikes bite
(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty ImagesGlobal auto giant Stellantis on…
Renault shares up 7% as carmaker plans dividend hike
Shares of Renault climbed in morning trade on Thursday, after the French carmaker said it would propose raising its dividend per share to 1.85 euros ($1.99) for the financial year, up from 0.25 euros previously.Paris-listed shares were 6.9%…
Cisco says it’s cutting 5% of workforce, amounting to over 4,000 jobs
Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022.Adam Galica | CNBCCisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs.…
Molson Coors gains market share as consumers shift away from Bud Light
A Miller Lite and a Coors Light is displayed in Chicago on Oct. 9, 2007.Scott Olson | Getty ImagesBrewer Molson Coors said on Tuesday that it expects to maintain its market share gains in the year ahead.The company, which makes Coors Light…