Day: January 30, 2025
Pending home sales drop sharply in December, as mortgage rates surge back over 7%
Signed contracts on existing homes dropped a sharp 5.5% in December from the previous month and fell 5% from the prior year, according to the National Association of Realtors. The drop followed four straight months of gains and is the index was at its lowest level since August. These so-called pending sales are an indicator […]
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Microsoft stock slumps 5% on disappointing revenue outlook
Satya Nadella, CEO of Microsoft, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Microsoft shares dropped about 5% after issuing weak current-quarter guidance after the bell Wednesday. The software giant topped Wall Street’s fiscal second-quarter estimates, posting earnings of $3.23 per share […]
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Eurosceptic party quits Norway’s government, almost half of cabinet departs
30 January 2025, Norway, Oslo: Trygve Slagsvold Vedum (2nd from right), Chairman of the Norwegian Center Party and former Finance Minister of Norway, and Marit Arnstad (right), leader of the Center Party parliamentary group, give a press conference in parliament. Photo: Soeren Stache/dpa (Photo by Soeren Stache/picture alliance via Getty Images) Picture Alliance | Picture […]
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Eurosceptic party quits Norway’s government, almost half of cabinet departs
30 January 2025, Norway, Oslo: Trygve Slagsvold Vedum (2nd from right), Chairman of the Norwegian Center Party and former Finance Minister of Norway, and Marit Arnstad (right), leader of the Center Party parliamentary group, give a press conference in parliament. Photo: Soeren Stache/dpa (Photo by Soeren Stache/picture alliance via Getty Images) Picture Alliance | Picture […]
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Comcast shifts strategy to mobile as fourth-quarter broadband numbers disappoint
Igor Golovniov | Lightrocket | Getty Images Cable giant Comcast is looking to the wireless business for growth. Comcast executives said Thursday the company will shift its focus to its mobile business after reporting a loss of 139,000 residential broadband customers during the fourth quarter. Broadband has long been the growth engine of the cable […]
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OpenAI partners with U.S. National Laboratories on scientific research, nuclear weapons security
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt room at White House in Washington, U.S., January 21, 2025. Carlos Barria | Reuters OpenAI on Thursday said the U.S. National Laboratories will be using its latest artificial intelligence models for […]
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GDP grew at a 2.3% pace in the fourth quarter, less than expected
U.S. economic growth slowed a bit more than expected in the final three months of 2024, the Commerce Department reported Thursday. Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy during the period, showed that the economy accelerated at a 2.3% annualized pace in the fourth quarter. […]
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Watch: ECB President Christine Lagarde speaks after rate decision
[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision. Follow CNBC’s ECB live blog here. The European Central Bank announced a 25-basis-point […]
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Stocks making the biggest moves premarket: United Parcel Service, Microsoft, Caterpillar and more
Check out the companies making headlines before the bell. United Parcel Service — Shares fell more than 14% in premarket trading after the delivery giant said it reached a deal with Amazon , its largest customer, “to lower its volume by more than 50% by the second half of 2026.” UPS also said it’s launching […]
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Sports bar chain Twin Peaks is going public. These restaurant companies are the next to watch
Twin Peaks sports bar in Louisville, Kentucky. Google Maps Sports bar chain Twin Peaks starts trading Thursday on the Nasdaq using the ticker “TWNP,” making it the first restaurant initial public offering of the new year and a potential litmus test for others looking to go public. The IPO market has been tepid for several […]
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