Month: November 2024
Workday stock slips on light quarterly forecast
Workday CEO Carl Eschenbach walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 14, 2023. Kevin Dietsch | Getty Images Workday shares slipped as much as 8% in extended trading on Tuesday after the human resources and finance software maker issued a quarterly forecast that […]
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HP forecasts Q1 profit below estimates on sluggish demand in PC market
A sign is posted in front of a Hewlett-Packard (HP) office on May 29, 2024 in Palo Alto, California. Justin Sullivan | Getty Images HP forecast its first-quarter profit below Wall Street expectations on Tuesday, in a sign of persistent choppiness in demand in the personal computers market. PC makers have seen demand retreat from […]
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Dell shares fall on light revenue despite growing AI sales
Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024. Bridget Bennett | Bloomberg | Getty Images Dell Technologies reported quarterly earnings on Tuesday that beat analyst expectations for earnings per share but came up light on overall […]
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Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes
A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom on Tuesday beat Wall Street’s quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company’s namesake department […]
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Israel-Lebanon permanent ceasefire has been accepted, Biden says
Israel and Lebanon’s Hezbollah on Tuesday agreed to a permanent ceasefire in cross-border hostilities, following a year-long conflict between the Jewish state and Iranian-backed groups. President Joe Biden announced the deal, which was brokered by France and the U.S. “Under the deal reached today, effective at 4:00 a.m. tomorrow, local time, the fighting across the […]
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Healthy Returns: Trump’s FDA pick Makary may be a relief for biotech and pharma, analysts say
Dr. Marty Makary on December 12, 2018 in New York City. Noam Galai | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. Happy Tuesday! President-elect Donald Trump’s pick to lead the Food and […]
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This startup makes thrifting furniture far easier, even for big retailers like Pottery Barn
Furniture waste is a growing concern as consumers and companies seek to reduce carbon emissions. In the U.S. alone, we throw out roughly 12 million tons of furniture every year, according to the Environmental Protection Agency, leaving it to rot in landfills. Most of it is less than fifteen years old. Recycling furniture can be […]
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Fed officials see interest rate cuts ahead, but only ‘gradually,’ meeting minutes show
Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace, according to minutes from the November meeting released Tuesday. The meeting summary contained multiple statements indicating that officials are comfortable with the pace of inflation, even though by most […]
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Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out
Ali Ghodsi, co-founder and chief executive officer of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco on Oct. 22, 2019. David Paul Morris | Bloomberg | Getty Images One of the world’s most valuable private tech companies is raising billions more in cash and is in no rush to go public, […]
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Stocks making the biggest moves midday: Kohl’s, Best Buy, Zoom Communications, Stellantis and more
Check out the companies making headlines in midday trading. Kohl’s – Shares tumbled 18% after the retailer cut its sales outlook amid an uncertain holiday backdrop . The latest quarter’s earnings and sales fell short of Wall Street analysts’ estimates, and the CEO will step down in January. Amgen — The biotech fell more than […]
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