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Business
How to prevent AI from further widening the racial wealth gap
Human resources and technology concept for AI augmenting team work.Leowolfert | Istock | Getty ImagesThe rise of artificial intelligence (AI) has been stunning in both its speed and impact. According to data from Goldman Sachs, investment…
What you need to know about the new way Microsoft reports cloud numbers
Microsoft will release quarterly results after Wednesday's closing bell, and with it comes a new reporting structure the company hopes will provide more visibility into its big cloud computing business. Announced in August , and reported…
Pfizer (PFE) earnings Q3 2024
The PAXLOVID antiviral medications nirmatrelvir co-packaged with ritonavir were developed by Pfizer to treat the virus.Patrick T. Fallon | Afp | Getty ImagesPfizer on Tuesday reported third-quarter revenue and adjusted profit that blew past…
PayPal (PYPL) Q3 2024 earnings
A PayPal sign is seen at its headquarters in San Jose, California, Jan. 30, 2024.Justin Sullivan | Getty Images News | Getty ImagesPayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in a bit light of…
British oil giant BP posts $2.3 billion in third-quarter profit
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.Nurphoto | Nurphoto | Getty ImagesBritish oil major BP on Tuesday reported its weakest quarterly earnings in nearly four…
McDonald’s (MCD) earnings Q3 2024
A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesMcDonald's is expected to report its third-quarter earnings before the bell on Tuesday.Here's what Wall Street analysts…
HSBC Q3 2024 earnings
HSBC Holdings Plc building at Canada Square in Canary Wharf financial district on 15th August 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesEurope's largest lender HSBC on Tuesday announced it will repurchase up to…
Ford Motor (F) earnings Q3 2024
A Ford F-150 Lightning electric pickup truck is displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesDETROIT — Ford Motor is set to report its third-quarter earnings after the bell…
Foreign investors flock to flagship Saudi economic conference
A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh to attend the Future Investment Initiative (FII) forum.Fayez Nureldine | Afp | Getty ImagesThousands of financiers, founders and investors are set…
German finance minister warns of retaliation if U.S. kicks off trade war
Christian Lindner, Germany's finance minister, during a meeting Janet Yellen, US treasury secretary, not pictured, at the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024.Ting Shen | Bloomberg |…
Russia’s central bank raises key rate to 21% to rein in higher-than-forecast inflation
09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images)Picture Alliance |…
China schedules meeting expected to reveal fiscal stimulus details
A general view shows the skyline over the central business district in Beijing on Feb. 28, 2023.Jade Gao | Afp | Getty ImagesBEIJING — China's parliament will hold a highly anticipated meeting Nov. 4 to 8, state media said Friday, according…
Dexcom (DXCM) Q3 2024 earnings report
Kevin Sayer, CEO, DexcomScott Mlyn | CNBCShares of Dexcom fell 9% in extended trading on Thursday after the company released third-quarter results that beat analysts' expectations but showed a decline in U.S. revenue year over year.Here's…
Elon Musk $26 billion richer after Tesla stock best day since 2013
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024Source: Tesla | YoutubeTesla CEO Elon Musk, already the world's richest person, added another $26 billion…
What to do with Honeywell stock after its sharp post-earnings pullback
Dow stock Honeywell was one of the biggest drags on the 30-stock average Thursday after Club industrial giant reported mixed third-quarter results compounded by a mixed outlook. Revenue for the three months ended Sept. 30 rose 5.6%…
Industrial AI play Dover falls on a noisy quarter. Why we’d buy the dip
Dover on Thursday reported weaker-than-expected third-quarter results, pressuring shares of the industrial conglomerate with ties to AI data centers. We're not concerned: The company's recent asset sales is likely causing some confusion…
American Airlines (AAL) 3Q 2024 earnings
An American Airlines aircraft departs from Ronald Reagan Washington National Airport on August 28, 2024 in Arlington, Virginia. Kevin Carter | Getty ImagesAmerican Airlines posted a third-quarter loss but raised its profit forecast for the…
Southwest Airlines (LUV) 3Q 2024 earnings
Southwest Airlines third-quarter profit fell from a year ago but topped Wall Street estimates while the carrier workers to drum up revenue and fend off activist investor Elliott Investment Management.The Dallas-based carrier on Thursday…
Barclays (BARC) Q3 2024 earnings
Signage shines through a window reflecting Barclays head office in Canary Wharf, London, U.K.Bloomberg | Getty ImagesLONDON — British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for…
IBM earnings Q3 2024
IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.Stefan Wermuth | Bloomberg | Getty ImagesIBM shares moved 5% lower in extended trading on Wednesday after the hardware, software and…
Global public debt will hit $100 trillion by year-end, says IMF
A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International Monetary Fund in Washington, DC on October 18, 2024. Daniel Slim | AFP | Getty ImagesThe International Monetary Fund…
U.S., China trade tariffs escalating would be ‘costly for everybody’: IMF
An escalation of trade and tariffs tensions between the U.S. and China would have "costly" economic consequences around the world, Gita Gopinath, deputy managing director of the International Monetary Fund told CNBC on Wednesday."We are…
Tesla (TSLA) Q3 2024 earnings report
SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. Anna Moneymaker | Getty ImagesTesla is set to report…
Coca-Cola CEO says McDonald’s E. coli outbreak won’t hurt sales
Coca-Cola President and CEO James Quincey attends a press conference with International Olympic Committee (IOC) president and China Mengniu Dairy CEO and Executive Director, as part of the 134th Session of the International Olympic…
Boeing (BA) 3Q 2024 earnings
Workers picket outside the Boeing Co. manufacturing facility during a strike in Renton, Washington, US, on Thursday, Oct. 3, 2024. David Ryder | Bloomberg | Getty ImagesBoeing's new CEO Kelly Ortberg said the company needs to become leaner…
Coca-Cola (KO) Q3 2024 earnings
Vintage Coca-Cola bottles are seen in a shop window in Manhattan, New York City, on July 15, 2024.Beata Zawrzel | Nurphoto | Getty ImagesCoca-Cola on Wednesday reported quarterly earnings and revenue that topped analysts'…
Trump tariffs likely to lead to higher U.S. interest rates: IIF chief
Extreme tariffs proposed by U.S. presidential candidate Donald Trump would interrupt the path of disinflation and could lead to higher interest rates, according to the head of the Institute of International Finance."The assumption is you'll…
Deutsche Bank (DBK) Q3 earnings
A sign for Deutsche Bank AG at a bank branch in the financial district of Frankfurt, Germany, on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty ImagesDeutsche Bank on Wednesday beat expectations in its return to profit in the three…
IMF warns on China’s property market worsening
Chinese flags for sale on Nanjing East Road in Shanghai, China, on Wednesday, Oct. 2, 2024.Qilai Shen | Bloomberg | Getty ImagesThe International Monetary Fund (IMF) warned of a possible worsening of the state of China's property market as…
Danaher returns bioprocessing to growth. We’re raising our rating back to a buy
Danaher shares declined Tuesday despite the life sciences company returning its key bioprocessing business to growth in the third quarter. Danaher's revenue for the three months ended Sept. 27 advanced 3% year over year on a reported basis,…