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Shopify shares plunge 18% on weak guidance

2024-05-08 14:53:12

The Canadian e-commerce company beat on the top and bottom line, but it gave downbeat guidance for the second quarter.

Op-ed: Investing lessons from a baseball card collector. Diversify to find the all-stars

2024-05-08 14:30:01

Investing has parallels to collecting baseball cards. The only way to make sure you own a future star is to diversify.  

Oil prices fall more than 1% as market softens on rising inventories

2024-05-08 14:22:32

Oil prices have fallen 8% since April highs, but Morgan Stanley sees a tighter market heading into summer driving season.

Summer box office bust? This season's movie slate could put up the lowest haul in decades

2024-05-08 14:16:56

This summer's box office, hampered by dual Hollywood labor strikes, could have the lowest movie ticket haul since 2000.

Workers are secretly using AI on important tasks over fears it makes them look replaceable, new Microsoft and LinkedIn research finds

2024-05-08 14:00:01

Almost half of professionals are worried AI will replace their jobs and are considering quitting in the year ahead, a new Microsoft and LinkedIn report finds.

Reddit shares soar 11% after company reports revenue pop in debut earnings report

2024-05-08 13:52:55

Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.

Uber reports first-quarter results that beat expectations for revenue, but posts net loss

2024-05-08 13:28:28

Uber beats expectations for revenue but falls short of estimates for gross bookings.

Weekly mortgage refinance demand rose 5% after a slight dip in mortgage rates

2024-05-08 13:00:01

Mortgage rates are significantly higher than they were at the start of 2024, they pulled back slightly last week but several weeks of straight increases.

FTX says most customers of the bankrupt crypto exchange will get all their money back

2024-05-08 12:18:37

FTX estimates that it owes creditors around $11.2 billion. FTX said it has between $14.5 billion and $16.3 billion to distribute to creditors.

London's elite Garrick Club votes to allow women for the first time

2024-05-08 11:38:59

Members of Britain's exclusive all-male Garrick Club voted on Tuesday to permit women to join the institution for the first time in its 193-year history.

Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine unit

2024-05-08 11:04:10

The German renewables firm Siemens Energy announced Wednesday that the CEO of its troubled wind turbine unit will be replaced amid "comprehensive restructuring measures."

U.S. and China trade divisions threaten a 'reversal' for global economy, IMF official warns

2024-05-08 10:36:23

Strained relations between Western and Chinese-aligned economic blocs could cause a “reversal” in global economic growth, an IMF official warns.

Beer giant AB InBev beats profit estimates, with Bud Light boycott set to ease one year on

2024-05-08 10:19:00

Analysts at Barclays said the company had passed its hardest quarter "with little to no bruises."

Siemens Energy shares jump 12% after guidance raise and leadership change at embattled wind turbine unit

2024-05-08 09:53:37

The German renewables firm Siemens Energy announced Wednesday that the CEO of its troubled wind turbine unit will be replaced amid "comprehensive restructuring measures."

Siemens Energy shares soar 12% as firm plans leadership change at embattled wind turbine unit

2024-05-08 09:39:56

The German renewables firm Siemens Energy announced Wednesday that the CEO of its troubled wind turbine unit will be replaced amid "comprehensive restructuring measures."

Siemens Energy changes leadership at embattled wind turbine unit

2024-05-08 08:48:47

The German renewables firm Siemens Energy announced Wednesday that the CEO of its troubled wind turbine unit will be replaced amid "comprehensive restructuring measures."

Dementia cases are on the rise — avoid these 12 risks to keep your brain healthy

2024-05-08 04:50:56

As the global population of older adults grows, cases of dementia are also on the rise. Here's how you can start protecting your brain.

U.S. revokes some export licenses to sell chips to Huawei in a bid to curb China's tech power

2024-05-08 04:42:37

Huawei's consumer business is seeing a resurgence after the launch of the Mate 60 Pro smartphone in August.

Generative AI is speeding up human-like robot development. What that means for jobs

2024-05-08 03:56:25

ChatGPT-like artificial intelligence is speeding up research and bringing humanoid robots closer to reality in China, home to many of the world's factories.

Gold bars are selling like hot cakes in Korea's convenience stores and vending machines

2024-05-08 02:08:05

The country's largest convenience store chain, CU, has been collaborating with the Korea Minting and Security Printing Corporation to offer customers mini gold bars.

Shares of Wynn Resorts rise after another great quarter but are still cheap

2024-05-08 01:31:11

Another quarter of great results from the casino operator, including beats for every property and upbeat guidance.

Biden meets with executives from Citi, United Airlines, Marriott and others

2024-05-08 01:22:03

The guests included United Airlines CEO Scott Kirby, Citi CEO Jane Fraser, Evercore founder Roger Altman, Marriott International CEO Anthony Capuano and others.

Reddit CEO talks advertising, says consumers and companies are attracted to the platform

2024-05-08 01:10:36

Reddit CEO Steve Huffman discussed his company's first earnings report since its IPO with CNBC's Jim Cramer.

Cramer explains how to maintain a 'balanced' portfolio as the economy slows

2024-05-08 00:44:56

CNBC's Jim Cramer on Tuesday said Wall Street is currently going through a tricky stage of the business cycle and told investors to invest in diverse companies.

Trump classified documents trial in Florida postponed indefinitely

2024-05-07 23:43:08

The trial on charges that Donald Trump willfully retained classified national security records after leaving the White House was scheduled to start May 20.

More home sellers are paying capital gains taxes — here's how to reduce your bill

2024-05-07 23:43:04

More home sellers have been hit with capital gains taxes amid soaring property values. Here's how to reduce your tax bill, experts say.

Tesla must provide NHTSA with Autopilot recall data by July or face up to $135 million in fines

2024-05-07 23:08:59

The National Highway Traffic Safety Administration is pressing Tesla for answers about updates to the company's Autopilot driver assistance systems.

Trump classified documents trial postponed indefinitely

2024-05-07 23:06:31

A federal judge indefinitely postponed the criminal classified documents trial of former President Donald Trump, a court filing shows.

81% of young people say a 4-day workweek would boost productivity, new CNBC/Generation Lab survey reports

2024-05-07 22:58:47

A new survey from CNBC/Generation Lab found that an overwhelming 81% of young adults believe a four-day workweek would boost their company's productivity.

Reddit shares soar 14% after company reports revenue pop in debut earnings report

2024-05-07 22:55:26

Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.

Reddit shares soar almost 20% after company reports revenue pop in debut earnings report

2024-05-07 22:35:24

Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.

Oil prices little changed as U.S. moves to replenish reserve, Gaza cease-fire still uncertain

2024-05-07 22:16:58

Israel rejected the cease-fire accepted by Hamas but has sent a delegation to Egypt to continue talks.

Reddit shares soar almost 20% after company reports revenue pop in first earnings report since IPO

2024-05-07 22:13:24

Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.

Oddity Tech says it's bucking the beauty slowdown Ulta warned about

2024-05-07 22:07:23

Beauty stocks fell last month after Ulta CEO Dave Kimbell said beauty demand was cooling, but cosmetics upstart Oddity Tech said the industry is just changing.

Trump trial: Stormy Daniels testifies she hates ex-president, wants him jailed if guilty

2024-05-07 21:45:20

Stormy Daniels is at the center of the historic case in which Donald Trump is charged with falsifying business records to conceal a hush money payment.

Leader of world's 'most prolific ransomware group' charged in Lockbit case — $10 million reward for his arrest

2024-05-07 21:35:08

Dmitry Yuryevich Khoroshev is the sixth person charged with federal crimes related to the LockBit ransomware ring that stole more than $500 million.

More home sellers are paying capital gains taxes — here’s how to reduce your bill

2024-05-07 21:29:36

More home sellers have been hit with capital gain taxes amid soaring property values. Here's how to reduce your tax bill, experts say.

Healthy Returns: Eli Lilly, Novo Nordisk make progress toward boosting weight loss drug supply

2024-05-07 21:15:25

Eli Lilly and Novo Nordisk are boosting supply of their weight loss drugs, while Apple Watch's heart monitoring tech was approved for use in clinical studies.

Leader of world's 'most prolific ransomware group' charged in Lockbit case — $10 million reward

2024-05-07 21:13:36

Dimitry Yuryevich Khoroshev is the sixth person charged with federal crimes related to the LockBit ransomware ring that stole more than $500 million.

Disney shares tumble on light guidance. But here's why we're raising our price target

2024-05-07 21:06:44

Disney's current quarter guidance disappointed Wall Street. But the sell-off looks overdone to us.

Trump trial: Judge rejects mistrial bid over Stormy Daniels testimony

2024-05-07 20:41:08

Stormy Daniels is at the center of the historic case in which Donald Trump is charged with falsifying business records to conceal a hush money payment.

Trump trial: Judge rejects defense move for mistrial over Stormy Daniels testimony

2024-05-07 20:26:09

Stormy Daniels is at the center of the historic case in which Donald Trump is charged with falsifying business records to conceal a hush money payment.

Biden set to meet with executives from Citi, United Airlines, Marriott and others

2024-05-07 20:20:49

The guests include United Airlines CEO Scott Kirby, Citi CEO Jane Fraser, Evercore founder Roger Altman, Marriott International CEO Anthony Capuano and others.

Russian charged with LockBit ransomware crimes — $10 million reward for his arrest

2024-05-07 20:01:02

Dimitry Yuryevich Khoroshev is the sixth person charged with federal crimes related to the LockBit ransomware ring that stole more than $500 million.

SEC Chair Gensler dodges Trump Media campaign finance questions

2024-05-07 19:32:09

DJT shares have bounced up and down since it debuted on the Nasdaq in March.

Oil prices rise after Netanyahu dismisses Hamas cease-fire deal as 'sabotage'

2024-05-07 19:08:34

Israel rejected the cease-fire accepted by Hamas but has sent a delegation to Egypt to continue talks.

Food startup Hungryroot uses AI to reduce waste, a major climate offender

2024-05-07 18:52:54

Hungryroot, a nine-year-old startup in New York, is trying to deliver precise portions to users to cut down on waste.

Trump trial: Stormy Daniels testifies about sex with ex-president in hotel room

2024-05-07 18:21:56

Stormy Daniels is at the center of the historic case in which Donald Trump is charged with falsifying business records to conceal a hush money payment.

Disney says streaming is nearly breakeven, but shares sink 10% on soft guidance

2024-05-07 17:59:03

Disney reported a loss of just $18 million in its direct-to-consumer businesses as earnings topped analyst estimates.

Disney says streaming is nearly break even, but shares sink 10% on soft guidance

2024-05-07 17:41:02

Disney reported a loss of just $18 million in its direct-to-consumer businesses as earnings topped analyst estimates.

Amgen, newer rivals could threaten Novo Nordisk and Eli Lilly's weight loss drug dominance 

2024-05-07 17:33:29

Amgen, Viking Therapeutics, Altimmune, AstraZeneca, Boehringer Ingelheim and Zealand Pharma are making encouraging progress on their own treatments.

Apple announces new iPad Pro with M4, iPad Air tablets

2024-05-07 17:26:29

These are the first new iPad models Apple has released since October 2022.

Disney's earnings sell-off opens the door to buy back stock we sold higher

2024-05-07 17:13:41

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

New York tops the list of the 50 richest cities in the world

2024-05-07 17:04:27

The U.S. is increasing its lead as the largest creator of millionaires and billionaires in the world.

'The 30-year fixed-rate mortgage is a uniquely American construct,' analyst says. Here's why

2024-05-07 16:39:30

While the housing market in the U.S. continues to face high price tags and borrowing costs, it's unique compared to other countries. Here's why.

Trump trial: Stormy Daniels testifies about hush money, alleged sex with ex-president

2024-05-07 16:31:41

Stormy Daniels is at the center of the historic case in which Donald Trump is charged with falsifying business records to conceal a hush money payment.

Don’t forget to do this one thing before writing your resume, says ex-Nvidia recruiter

2024-05-07 16:17:36

Throughout your career, keep a running list of your work accomplishments in a Word document or a lengthy resume. Update it regularly.

Apple announces new iPad Pro with M4, new iPad Air tablets

2024-05-07 16:17:32

These are the first new iPad models Apple has released since Oct. 2022.

Apple announces new iPad Air tablets

2024-05-07 16:07:48

These are the first new iPad models Apple has released since Oct. 2022.

The great wealth transfer has started — but millennials, Gen Z may not inherit as much as they anticipate

2024-05-07 15:30:06

There's a growing disconnect between how much adult children expect to inherit and how much their aging parents plan on leaving them.

Stanley Druckenmiller gives Biden's economic policies an 'F,' blames the Fed for reigniting inflation

2024-05-07 15:17:26

He called "Bidenomics" a failure and said consumers are paying the price in terms of higher inflation.

Emirates' chairman has a message for Boeing: 'Get your act together'

2024-05-07 15:10:28

With 245 passenger planes and five 778 freighters on order, Emirates is Boeing's largest customer in terms of widebody jets.

Trump trial: Stormy Daniels to testify about hush money, alleged sex with ex-president

2024-05-07 15:10:27

Donald Trump deleted the post less than one day after Judge Juan Merchan threatened the former president with jail time for repeatedly violating his gag order.

Emirates chairman to Boeing: 'Get your act together'

2024-05-07 15:05:42

With 245 passenger planes and five 778 freighters on order, Emirates is Boeing's largest customer in terms of widebody jets.

Oil falls as course of Gaza war remains uncertain, while cease-fire talks hang in the balance

2024-05-07 14:44:56

Israel rejected the cease-fire accepted by Hamas but has sent a delegation to Egypt to continue talks.

Warren Buffett says one question posed by AI has stumped economists for a century

2024-05-07 14:42:59

At the Berkshire Hathaway annual meeting, Warren Buffett said the AI 'genie' released from the bottle raises questions about a murky future for human work.

Trump trial: Ex-president posts — then quickly deletes — message about witness schedule, hush money judge

2024-05-07 14:40:28

Donald Trump deleted the post less than one day after Judge Juan Merchan threatened the former president with jail time for repeatedly violating his gag order.

Private equity firms circle Peloton for potential buyout

2024-05-07 14:38:15

Private equity firms have been circling Peloton for a potential buyout as it grapples with slowing sales and losses.

Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024

2024-05-07 14:30:01

Robyn Denholm, who joined Tesla's board a decade ago, sold $17.3 million in stock, according to a filing, bringing her total sales this year past $50 million.

Stanley Druckenmiller gives Biden's economic policies an 'F', blames the Fed for reigniting inflation

2024-05-07 14:29:12

He called "Bidenomics" a failure and said consumers are paying the price in terms of higher inflation.

Life Time fitness leans into pickleball with Lululemon partnership, new courts and more

2024-05-07 14:00:02

The upscale fitness company is trying to grow its brand by investing in America's fastest-growing sport, pickleball.

The streaming future Disney promised is finally here as cable TV decays

2024-05-07 13:47:45

Disney's second-quarter results showed an improving streaming business and a rapidly declining linear TV unit

Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term

2024-05-07 13:27:11

Shipping giant Maersk says Baltimore port reentry decision is near as collapsed bridge cleanup progresses

2024-05-07 13:19:12

Maersk's North American president says the Baltimore collapsed bridge cleanup is progressing and a decision on its port return will be made soon.

French cognac makers surge as Macron hints at cooling of China trade dispute

2024-05-07 12:39:16

Shares of French cognac makers rallied on Tuesday after France's Macron indicated that trade tensions between the EU and China about cognac imports may ease.

Disney earnings top analyst estimates as streaming nearly breaks even in the quarter

2024-05-07 12:37:16

Disney reported a loss of just $18 million in its direct-to-consumer businesses as earnings topped analyst estimates.

Self-driving startup Wayve just raised $1 billion from Nvidia, SoftBank, Microsoft and more

2024-05-07 12:18:37

British self-driving car technology startup Wayve on Tuesday said it had raised $1.05 billion in an investment led by Japan's SoftBank.

Here's why entry-level jobs feel impossible to get

2024-05-07 12:03:01

Employers are now prioritizing skills and experience over degrees and credentials, according to Julia Pollak, chief economist at ZipRecruiter.

Ahead of retail earnings, here's what we know about the consumer so far

2024-05-07 12:00:02

Home Depot and Walmart kick off first-quarter retail earnings next week.

UBS shares pop 9% as Swiss bank returns to profit after Credit Suisse takeover

2024-05-07 11:40:59

It is the Swiss banking giant's first earnings report in the black since it completed the acquisition of fallen rival Credit Suisse.

UBS shares pop 8% as Swiss bank returns to profit after Credit Suisse takeover

2024-05-07 09:49:49

It is the Swiss banking giant's first earnings report in the black since it completed the acquisition of fallen rival Credit Suisse.

Nintendo to announce new flagship Switch console this fiscal year

2024-05-07 09:46:12

Nintendo said it sold 15.7 million units of its flagship Switch console in the year ended March 2024, beating its own forecasts.

Saudi Aramco upholds dividend despite drop in first-quarter profits

2024-05-07 09:16:18

Aramco, which is the world's largest oil exporter, expects total dividends of $124.3 billion to be declared in 2024, it said.

Nintendo expects to sell 13.5 million Switch consoles this year as it beats profit estimates

2024-05-07 08:56:00

Nintendo said it sold 15.7 million units of its flagship Switch console in the year ended March 2024, beating its own forecasts.

BP misses expectations as profits slip on weaker oil and gas prices

2024-05-07 08:24:22

BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a "significantly weaker" margin in fuels.

Apple is reportedly developing chips to run artificial intelligence software in data centers

2024-05-07 07:42:12

The iPhone maker has been working with Taiwan Semiconductor Manufacturing Co. on the chip's design and production.

Amazon's AWS to double down on Singapore with additional $9 billion cloud investment

2024-05-07 07:36:42

This comes after AWS pumped over SG$11 billion through 2023 into Singapore's cloud infrastructure and ecosystem.

UBS swings back to profit and smashes earnings expectations for the first quarter

2024-05-07 07:28:29

It is the Swiss banking giant's first earnings report in the black since it completed the acquisition of fallen rival Credit Suisse.

Amazon's AWS to invest nearly $9 billion in Singapore to grow cloud infrastructure

2024-05-07 07:12:42

This comes after AWS pumped over SG$11 billion through 2023 into Singapore's cloud infrastructure and ecosystem.

Abortion bans drive away up to half of young talent, new CNBC/Generation Lab youth survey finds

2024-05-07 06:10:56

A new CNBC Generation Lab survey shows where young Americans stand on the economy, the election, abortion, investing and China.

Disney quarterly results are on deck. Here's what to expect

2024-05-07 06:01:01

This will be the company's first earnings call since it won a proxy fight against Trian Partners.

Jim Cramer says the sell-off may be over, pointing to the correction in Big Tech

2024-05-07 02:55:38

CNBC's Jim Cramer listed several tech companies that have had notable losses over the past few months, including Nvidia and Microsoft.

Microsoft signs deal with Swedish partner to remove 3.3 million metric tons of carbon dioxide

2024-05-07 01:27:07

Stockholm Exergi described the Microsoft contract as the largest carbon removal deal to date.

Trump prosecutors keep witness schedule secret to avoid ex-president's attacks

2024-05-07 01:22:41

Prosecutors are keeping the witness schedule secret until the eve of testimony, to prevent former President Donald Trump from targeting those slated to testify.

World prefers U.S. over China for global leadership when a Democrat is president, Gallup analysis shows

2024-05-07 01:09:18

Most countries prefer aligning with the U.S. over China when the White House is occupied by a Democratic leader, according to Gallup data going back to 2007. 

Jim Cramer says the sell off may be over, pointing to corrections in Big Tech

2024-05-07 00:50:49

CNBC's Jim Cramer listed several tech companies that have had notable losses over the past few months, including Nvidia and Microsoft.

Palantir shares fall 3% on lower-than-expected guidance

2024-05-06 23:16:37

Defense-tech and AI firm Palantir reported earnings that beat analyst expectations on revenue, but also issued weaker-than-hoped for full-year guidance.

Israel launches strikes on Rafah, will send delegation to continue Gaza cease-fire talks

2024-05-06 23:02:53

A White House spokesman said military operations in Rafah "could potentially put more than a million innocent people at greater risk."

Palantir shares fall 7% on lower-than-expected guidance

2024-05-06 22:47:09

Defense-tech and AI firm Palantir reported earnings that beat analyst expectations on revenue, but also issued weaker-than-hoped for full-year guidance.

Dozens of former employees plan to sue Bowlero alleging discrimination after EEOC closes case, lawyer says

2024-05-06 22:45:03

Dozens of former employees plan to sue Bowlero for discrimination and retaliation after the EEOC declined to bring a lawsuit against the company.

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