Day: October 25, 2023
CNBC Daily Open: Shiny Meta
NEW YORK, NEW YORK – JUNE 03: People walk by the New York Stock Exchange (NYSE) at the start of the trading day on June 03, 2022 in New York City. A new jobs report released by the Labor Department this morning shows employers added 390,000 jobs in May. Stocks pointed lower ahead of the […]
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Ford, UAW negotiators reach labor deal, pending union leadership approval
United Auto Workers President Shawn Fain (right) and UAW Secretary-Treasurer Margaret Mock (left) lead a march outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT – The United Auto Workers union and Ford Motor have agreed in […]
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Nasdaq 100 futures slide Wednesday evening following sharp selloff: Stay updates
Meta shares fall in after-hours investing, reversing earnings-fueled gains Shares of Meta dropped 3.1% in submit-market place investing following the Fb parent’s CFO Susan Li reported the organization is observing softer advert paying out coming into the fourth quarter. The stock experienced to begin with jumped more than 2% on Meta’s earnings report Wednesday, which […]
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Mattel says Barbie sales grew 16% as blockbuster movie became a phenomenon
Guests shop during a visit to the Malibu Barbie Cafe pop-up in New York City on May 17, 2023. Brendan McDermid | Reuters Call it a Barbie boost. Mattel on Wednesday said Barbie sales jumped 16% in the third quarter, riding the wave of the blockbuster movie. The “Barbie” film, released in July, is largely […]
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More convenient form of breakthrough Alzheimer’s drug Leqembi shows promising results in study
Eisai on Wednesday said an injectable version of the Alzheimer’s drug Leqembi showed promising initial results in a clinical trial, potentially paving the way for a new and more convenient option for administering the antibody treatment. However, the injection did not cause lower rates of brain swelling and bleeding, which are Leqembi’s most concerning side […]
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Endeavor stock surges as Silver Lake says it’s considering taking the company private
Endeavor Group Holdings, the talent agency and sports company run by Ari Emanuel, said Wednesday it would explore strategic alternatives, which could mean a possible sale or potentially going private again after two and a half years on public markets. Indeed, soon after Endeavor’s announcement, major shareholder Silver Lake said it is considering taking the […]
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Meta widens revenue steering range for the reason that of Middle East unpredictability
Omar Marques | Lightrocket | Getty Pictures In Meta’s earnings report on Wednesday, the organization gave assistance for the fourth quarter, with a surprisingly vast hole among the small selection and the higher. The $3.5 billion vary ($36.5 billion to $40 billion) compares to a $2.5 billion assortment the enterprise ordinarily provides in its quarterly […]
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IBM program revenue up 8% as the corporation beats on best and bottom traces
Arvind Krishna, IBM’s chair and CEO, throughout an interview in New York on May perhaps 1, 2023. Christopher Goodney | Bloomberg | Getty Photographs IBM shares rose 1% in extended investing Wednesday after the technologies conglomerate declared third-quarter benefits that exceeded Wall Avenue estimates. Here’s how the company did, in comparison with the consensus amid […]
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Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1
James Gorman, Morgan Stanley CEO, July 18, 2023. CNBC Morgan Stanley said Wednesday that Ted Pick will succeed CEO James Gorman as CEO at the start of 2024. Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank’s Wall Street operations, will also join the bank’s board, the bank said in […]
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Rocket Lab expects to resume Electron launches before year-end after September failure
An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab Rocket Lab expects to resume launches of its Electron vehicle before the end of the year, the company announced Wednesday. The company is in the final stages of closing an investigation into its most recent Electron launch, […]
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