Business

U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20,…

A customer shops at a Costco store in San Francisco on Oct. 2, 2023.Justin Sullivan | Getty ImagesThe consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling by 0.08%, and core…

Shares of online education company 2U closed down 57% Friday, falling below $1 for much of the day after a problematic forecast and indications that some universities are terminating their contracts.2U, which helps companies offer digital…

FanDuel parent Flutter came out swinging Thursday, insisting the online gaming platform is the market leader in sports betting in the United States after DraftKings last week boasted it had taken over the top slot."We have a billion dollars…

Chinese startup Li Auto sold more cars in October than Tesla's China business did in October, according to the China Passenger Car Association.Nurphoto | Getty ImagesBEIJING — Chinese startup Li Auto sold more cars than Tesla's China…

BEIJING, CHINA - DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China…

Jim Whitehurst, CEO of Redhat. Adam Jeffery | CNBCUnity Software shares fell as much as 15% in extended trading on Thursday after the video-game engine maker reported a third-quarter revenue miss and refrained from issuing guidance.Here's…

Jeff Green, CEO, The Trade DeskScott Mlyn | CNBCThe Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts'…

SoftBank Founder Masayoshi Son is pictured here in 2019 during an earnings presentation.Tomohiro Ohsumi | Getty ImagesSoftBank posted an investment gain on its Vision Fund in the fiscal second quarter but booked another quarterly…

Emirates airlines Boeing 777-31H(ER) takes off from Los Angeles international Airport on January 13, 2021.Aaronp / Bauer-Griffin | GC Images | Getty ImagesDUBAI, United Arab Emirates — Emirates Group posted its highest-ever half-year…

Peter Beck, chief executive officer of Rocket Lab, speaks during the US Chamber of Commerce's Global Aerospace Summit in Washington, D.C., Sept 14, 2022.Valerie Plesch | Bloomberg | Getty ImagesRocket Lab is pushing to get its launch…

Carrier aircraft VMS Eve releases spacecraft VSS Unity before firing its rocket engine during the Unity 25 spaceflight on May 25, 2023.Virgin GalacticVirgin Galactic plans to pause spaceflight operations next year to focus resources on…

Arm CEO Rene Haas cheers as Arm holds an initial public offering at the Nasdaq MarketSite in New York on Sept. 14, 2023.Brendan Mcdermid | ReutersSemiconductor technology company Arm reported its first post-initial public offering earnings…

A Polestar 4 electric SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China.Vcg | Visual China Group | Getty…

The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.Joe Burbank | Tribune News Service | Getty ImagesLOS…

Rafael Henrique | Lightrocket | Getty ImagesShares of Roblox popped 12% in premarket trading Wednesday after the company released third-quarter results that beat on top and bottom lines and showed strong user growth.Here's how the company…

A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston's Dorchester on Feb. 1, 2021.Jessica Rinaldi | Boston Globe | Getty ImagesPlanet Fitness shares surged double digits after beating expectations on both…

Olivier Pomel, co-founder and CEO of Datadog, speaks at the company's Dash conference in San Francisco on Aug. 3, 2023.DatadogShares of cloud monitoring software firm Datadog soared 28% on Tuesday, their best day ever, after the company…

Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly."Because of some of the strangeness of this moment,…

A statue of Nintendo's video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan.Kiyoshi Ota | Bloomberg | Getty ImagesNintendo reported better-than-expected sales and profit for its fiscal second…

CEO of Uber, Dara Khosrowshahi, speaks onstage during GE The Lean Mindset: The Pursuit Of Progress Event at Chelsea Industrial on September 06, 2023 in New York City.Ilya S. Savenok | Getty Images Entertainment | Getty ImagesUber reported …

A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, July 26, 2023.Brendan McDermid…

An employee arranges a display of Omega SA watches in the window of a Watches of Switzerland Group Plc store on Regent Street in London, UK, on Wednesday, Aug. 30, 2023. One of Watches of Switzerland Group Plc's biggest investors cut its…

A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. Denis Balibouse | ReutersUBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit.The bank recorded an…

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022.Scott Morgan |…

People walk through downtown Manhattan in New York City on Dec. 2, 2022.Spencer Platt | Getty Images News | Getty ImagesThe labor market showed greater deterioration for Hispanic workers, whose unemployment rate rose more than that of the…

Traders work on the floor of the New York Stock Exchange (NYSE) on November 02, 2023 in New York City. Spencer Platt | Getty ImagesFriday's market reaction to the jobs report comes down to a simple premise: bad news is good news, as long as…

The October jobs report showed a cooling labor market in the U.S., with many sectors showing minimal or negative growth as the economy added a relatively meager 150,000 jobs overall.A bright spot came in health care and social assistance,…

The U.S. economy saw job creation decelerate in October, confirming persistent expectations for a slowdown and possibly taking some heat off the Federal Reserve in its fight against inflation.Nonfarm payrolls increased by 150,000 for the…

Armoured vehicles of the Israel Defense Forces (IDF) are seen during their ground operations at a location given as Gaza, as the conflict between Israel and the Palestinian Islamist group Hamas continues, in this handout image released on…