Cattle photographed in New Zealand. Agriculture plays a major role in New Zealand's economy, especially when it comes to exports.David Clapp | Stone | Getty ImagesNew Zealand's prime minister told CNBC the country has to look beyond its own backyard for trade opportunities, as the South Pacific island nation signs...
Wall Street's biggest financial institutions kick off fourth-quarter earnings on Wednesday, with portfolio names Wells Fargo , Goldman Sachs , and BlackRock set to report results before the opening bell. The rally in financial stocks last year, which really started in October 2023, went into high gear in the...
A view from the United States Department of the Treasury building in Washington DC, United States on December 30, 2024. The US Treasury Department was cyberattacked by a Chinese state-sponsored actor in early December. Celal Gunes | Anadolu | Getty ImagesThe federal budget sank further into red ink during December,...
Check out the companies making headlines in midday trading. Eli Lilly – The drugmaker's shares tumbled more than 7% after the firm said demand for its weight loss and diabetes drugs would not meet its lofty expectations . Eli Lilly said it now expects full-year 2024 revenue of about...
Customers shop for clothing at a Costco store on December 11, 2024 in Novato, California. Justin Sullivan | Getty ImagesA measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year though likely not enough to provoke another Federal Reserve...
Check out the companies making headlines in premarket trading. Technology stocks — The group that was under pressure in Monday's session bounced before the bell, trying to regain some of the lost ground. Nvidia and Palantir climbed more than 1% in Tuesday premarket trading, while AppLovin gained 0.7%. The...
Check out the companies making headlines in midday trading. Quantum stocks — Quantum computing stocks dropped after Meta Platforms CEO Mark Zuckerberg became the latest high-profile executive to ease expectations for the technology. Rigetti Computing dropped 27%, while D-Wave Quantum shed 32%. The Defiance Quantum & AI ETF lost...
Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion. Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a...
Check out the companies making headlines before the bell. Quantum stocks — Quantum stocks tumbled on Monday morning, following comments from Mark Zuckerberg echoing Nvidia CEO Jensen Huang that quantum is at least a decade away from being a "useful paradigm." Zuckerberg made the comments on a Friday episode...
ORLANDO, Fla. -- Lululemon and Abercrombie & Fitch raised their fourth quarter outlooks on Monday after seeing a strong response from shoppers during the all-important holiday season. Lululemon's new outlook went over well with investors, leading shares to rise about 3% in premarket trading. But Abercrombie shares dropped about 8%...
Wall Street's biggest financial institutions...
A view from the United...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Alex Karp, co-founder and CEO of Palantir arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023.Stefani Reynolds | Afp | Getty ImagesShares of Palantir popped 21% Thursday after the company released third-quarter earnings that beat analysts'...
Nikola TRE FCEV2Courtesy: NikolaElectric truck maker Nikola said Thursday that it has received nearly 300 orders for its new hydrogen fuel cell semitruck – but it's facing what will be a costly recall of its earlier battery-electric trucks.Nikola recalled all of its Tre battery-electric trucks, 209 in total, in...
Construction workers at a project in the Upper East Side neighborhood of Manhattan, NY on Oct. 6th, 2023. Adam Jeffery | CNBCThe cost of labor unexpectedly declined in the third quarter, providing at least some relief on the inflation front, the Labor Department reported Thursday.Unit labor costs, a measure of...
Moderna on Thursday posted a steep loss for the third quarter as it recorded a large write-down due to unused doses of its Covid vaccine, its only marketable product, and unveiled plans to scale back production of the shot. Moderna's total revenue for the period topped Wall Street's expectations, even...
Alain Jocard | AFP | Getty ImagesAmazon is unveiling its first buy now, pay later checkout option for the millions of small business owners that use its online store, CNBC learned exclusively.The tech giant plans to announce Thursday that its partnership with Affirm is expanding to include Amazon Business,...
Berkshire Hathaway 's shares are trading at a significant discount, offering investors a buying opportunity ahead of the conglomerate's earnings report, according CFRA. Catherine Seifert, CFRA's Berkshire analyst, noted that Berkshire's Class B shares trade at 17 times her 2025 operating EPS estimate of $19.95 and at 18 times...
Check out the companies making headlines before the bell. Starbucks — Shares of the coffee giant jumped 5.6% after Starbucks' quarterly earnings and revenue exceeded analysts' expectations. The company's same-store sales also rose by 8%, driven by higher average checks and a 3% increase in customer traffic to Starbucks...
