Day: February 20, 2025
Stock futures are little changed after Thursday’s sell-off on Wall Street: Live updates
Traders work on the New York Stock Exchange floor on Feb. 20, 2025. Spencer Platt | Getty Images U.S. stock futures were little changed on Thursday night after the major averages slid following a lackluster earnings forecast from retail giant Walmart. Dow Jones Industrial Average futures were trading near the flatline, as were S&P 500 […]
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Stocks making the biggest moves after hours: Celsius, Dropbox, Block and more
Check out the companies making headlines after the bell : Booking Holdings — The online travel company jumped 3% after fourth-quarter results surpassed analysts’ expectations. Adjusted earnings came in at $41.55 per share and revenue clocked in at $5.47 billion. Analysts were looking for $36.03 per share in earnings and $5.18 billion in revenue, per […]
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Block shares fall on profit, revenue miss
Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Block reported fourth-quarter results on Thursday that fell short of […]
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Rivian beats Wall Street’s fourth-quarter expectations, but expects lower deliveries in 2025
Rivian Automotive beat Wall Street’s fourth-quarter earnings expectations and achieved its first gross quarterly profit – a target closely watched by investors – but is forecasting lower sales in 2025. The electric vehicle maker reported a gross profit, which includes production and sales but does not factor in other expenses, of $170 million during the […]
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GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, the WSJ says
GameStop Chairman Ryan Cohen. CNBC GameStop CEO and billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba to roughly 7 million shares worth about $1 billion, the Wall Street Journal reported Thursday. Citing people familiar with the matter, the Journal said the sizable stake in Alibaba is a bullish bet […]
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Amazon surpasses Walmart in revenue for first time
Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center in New York City on Nov. 30, 2022. Michael M. Santiago | Getty Images Amazon has dethroned Walmart in quarterly revenue for the first time ever. Amazon said earlier this month that it […]
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New York Gov. Hochul will not remove Mayor Eric Adams ‘right now’
New York City Mayor Eric Adams arrives for a court hearing at Thurgood Marshall Courthouse on February 19, 2025 in New York City. Eduardo Munoz Alvarez | Getty Images New York Governor Kathy Hochul is set to announce Thursday afternoon that she will not remove embattled New York City Mayor Eric Adams from office “right […]
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Stocks making the biggest midday moves: Palantir, AppLovin, Shake Shack, Walmart and more
Check out the companies making headlines in midday trading: Palantir — The technology stock tumbled 11.9%, on track for its worst day since May . The stock is also on pace to see back-to-back losses of 10% or more for the first time ever. Shares took a hit after the disclosure of a new stock […]
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Trump is ‘not happy’ with Boeing over Air Force One delays, but airlines are growing upbeat
Boeing 737s on the ground in Renton, Washington. Leslie Josephs | CNBC President Donald Trump expressed frustration in recent days about the long wait for a pair of Boeing 747s that will serve as the new Air Force One planes. The planes are years behind schedule. Trump negotiated the $4 billion contract for the aircraft […]
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Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more
Key Points The Treasury Department set a March 21 deadline for businesses to report “beneficial ownership information” or risk civil and criminal penalties. It delayed the prior deadline by 30 days. The delay comes after a Texas district court struck down a nationwide injunction on enforcement of the Corporate Transparency Act. The Treasury left open […]
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