Month: January 2025
Judge pauses Trump funding freeze order until Feb. 3
U.S. President Donald Trump speaks on the day he signs documents as he issues executive orders and pardons for January 6 defendants in the Oval Office at the White House on Inauguration Day in Washington, U.S., Jan. 20, 2025. Carlos Barria | Reuters A federal judge on Tuesday paused until next week the implementation of […]
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Stocks making the biggest moves after hours: Starbucks, LendingClub, F5, Qorvo and more
Check out the companies making headlines in extended trading. Starbucks —The coffee chain gained more than 2% after better-than-expected quarterly results. Starbucks notched fiscal first-quarter earnings of 69 cents per share on revenue of $9.40 billion, while analysts polled by LSEG were looking for 67 cents per share and $9.31 billion. Same-store sales declined for […]
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There’s still value for Nvidia despite DeepSeek threat, says strategist Jay Woods
There’s more gains ahead for shares of Nvidia despite the emergence of AI startup DeepSeek, according to Jay Woods, chief global strategist of Freedom Capital Markets. Woods joined CNBC’s ” Power Lunch ” on Tuesday to share his take on the AI chipmaker. Here’s what he had to say during the segment’s “Three-Stock Lunch.” Nvidia […]
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Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter
The Starbucks logo is seen on a cup at one of its cafes on April 26, 2024. Jakub Porzycki/ | Nurphoto | Getty Images Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company’s quarterly earnings and revenue beat Wall Street’s expectations. The coffee giant kicked off a […]
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Steve Cohen says the stock market may top out over the next few months, if it hasn’t already
MIAMI BEACH, FL. — Point72’s Steve Cohen believes the bull market could see a tougher ride in the second half of 2025 as President Donald Trump’s aggressive trade and immigration policies may slow down economic growth. “The irony is, and this is interesting, that … if he implements tariffs, specifically tariffs and immigration, it will […]
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Healthy Returns: Trump made sweeping changes to health care in his first week
U.S. President Donald Trump attends a House Republican members conference meeting in Trump National Doral resort, in Miami, Florida, U.S. Jan. 27, 2025. Elizabeth Frantz | Reuters 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. […]
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Steve Cohen says AI will be decades-long theme, but Monday proves it won’t be a ‘straight line’
Steve Cohen, chairman and CEO Point72 speaking to CNBC on April 3rd, 2024. CNBC MIAMI BEACH, FL. — Billionaire investor Steve Cohen is standing by his long-term bullish view of artificial intelligence despite the wild volatility recently, saying the transformational shift could take decades to realize. “This is a 10- to 20-year theme. It’s gonna […]
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FDA approves Novo Nordisk’s Ozempic to treat chronic kidney disease in those with diabetes, expanding its use
The Food and Drug Administration on Tuesday approved Novo Nordisk‘s Ozempic to treat chronic kidney disease in patients who also have Type 2 diabetes, expanding the use of the wildly popular injection in the U.S. The drug is already widely used and covered to treat Type 2 diabetes. The FDA’s decision means Ozempic can now […]
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Medicaid portals down in all 50 states after Trump funding freeze, Sen. Wyden says
FILE PHOTO: A rally against Medicaid cuts in front of the U.S. Capitol on June 6, 2017. Bill Clark | CQ-Roll Call, Inc. | Getty Images Medicaid reimbursement portals were down Tuesday in every U.S. state on the heels of a funding freeze ordered by the Trump administration of federal grants and loans, Sen. Ron […]
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Man arrested with Molotov cocktails aimed to kill Treasury secretary at Capitol, police say
The dome of the Capitol is seen through a security fence on Capitol Hill in Washington, U.S., December 20, 2024. Kevin Lamarque | Reuters A Massachusetts man arrested at the U.S. Capitol with Molotov cocktails and a knife told police he was there to “kill” Treasury Secretary Scott Bessent, according to court documents filed Tuesday. […]
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