Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its...
A Carvana sign and signature vending machine in Tempe, Arizona.Michael Wayland | CNBCCarvana topped Wall Street's top- and bottom-line expectations for the fourth quarter while guiding for another "strong" year in 2025.Carvana, as it has in the past, gave a broad guidance outlook for this year that includes growth...
Check out the companies making headlines in after-hours trading. Klaviyo – The software company surged almost 6% after fourth-quarter results topped Wall Street expectations. Klaviyo posted adjusted earnings of 7 cents per share on $270 million in revenue, above the 6 cents per share and $257 million in revenue...
Apple will need to hike prices by around 9% to mitigate the impact of tariffs put into place by President Donald Trump, according to Bank of America. The firm projected that the tech giant will have to increase prices on iPhones, iPads and other products by that amount, with...
Check out the companies making headlines in midday trading: Analog Devices — Shares gained 8% after the semiconductor manufacturing company beat earnings and revenue expectations and management signaled a "return to growth" for the 2025 fiscal year. Analog Devices reported adjusted earnings of $1.63 per share on revenue of...
U.S. President Donald Trump speaks next to Elon Musk and X Æ A-12, Musk's son, in the Oval Office of the White House in Washington, D.C., U.S., February 11, 2025. Kevin Lamarque | ReutersElon Musk on Tuesday said he's going to touch base with President Donald Trump on a proposal...
An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesEtsy missed on revenue and gross merchandise sales for the fourth quarter, with the company citing "significant headwinds," including a pullback on consumer spending. The stock slid more...
Bill Ackman's revised proposal to buy real estate developer Howard Hughes didn't impress Wall Street analysts who believe the deal doesn't create much value for current shareholders. The billionaire investor said Tuesday Pershing Square has submitted a proposal to acquire 10 million newly issued Howard Hughes shares at $90...
U.S. President Donald Trump speaks at Mar-a-Lago in Palm Beach, Florida, U.S., Feb. 18, 2025. Kevin Lamarque | ReutersPresident Donald Trump said he may broaden the scope of U.S. tariffs on imports to include automobiles, pharmaceuticals and semiconductors.In remarks to reporters Tuesday, Trump said the duties would be around 25%...
Check out the companies making headlines before the bell. Capital One Financial , Discover Financial Services — Shares of Capital One gained 1.6%, while Discover Financial Services dipped 0.3%, after the two companies said their respective shareholders have voted to approve Capital One's acquisition of Discover. Toll Brothers —...