Day: February 26, 2025
Trump directs agencies to review, terminate ‘unnecessary’ contracts
U.S. President Donald Trump looks on on the day he signs an executive order in the Oval Office, at the White House in Washington, D.C., U.S. Feb. 25, 2025. Evelyn Hockstein | Reuters U.S. President Donald Trump issued an executive order on Wednesday aimed at implementing the Department of Government Efficiency’s cost-cutting drive, the White House said. […]
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Cloud analytics firm Snowflake forecasts upbeat full-year product revenue
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Snowflake forecast fiscal 2026 product revenue above analysts’ estimates on Wednesday as the data analytics provider sees rising cloud service growth amid advancements in artificial intelligence, sending its shares up 11% in extended trading. The company also said it has integrated OpenAI’s models directly in […]
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Teladoc shares tumble on wider-than-expected loss, disappointing revenue guidance
Teladoc Health Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Tuesday, Dec. 31, 2024. Michael Nagle | Bloomberg | Getty Images Teladoc Health shares fell in extended trading on Wednesday after the company reported a wider loss than analysts expected and issued disappointing quarterly guidance. Here’s […]
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Stocks making the biggest moves after hours: Nvidia, Snowflake, eBay, Nutanix and more
Check out the companies making headlines in after-hours trading: Snowflake — Shares of Snowflake popped more than 9% on the back of the company’s better-than-expected fourth-quarter report. The data cloud analytics company reported adjusted earnings of 30 cents per share on revenue of $987 million, while analysts surveyed by LSEG expected earnings of 17 cents […]
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Instacart suffers steepest drop on record after disappointing revenue, lackluster forecast
The Instacart logo is seen on a smartphone and on a PC screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Instacart‘s stock had its worst day on record, slumping 12% after the grocery delivery company posted a fourth-quarter revenue miss and offered light guidance for the current period. Prior to Wednesday’s move, […]
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Salesforce misses on revenue, issues disappointing guidance
Salesforce CEO Marc Benioff attends the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025. Halil Sagirkaya | Anadolu | Getty Images Salesforce reported weaker-than-expected quarterly revenue on Wednesday and issued a forecast that fell short of analysts’ estimates. The stock slid 6% in extended trading. Here’s how the […]
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Nvidia earnings are expected to move the stock market more than usual
The S & P 500 should get a bigger push than usual after Nvidia reports earnings on Wednesday, recent options data suggests. The S & P 500 is slated to rise or fall 1.3% over the next two days, according to data compiled by Goldman Sachs. That is larger than the typical move of 0.8% […]
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Trump plan to freeze funding stymies Biden-era energy rebates for consumers
Key Points Some states like Arizona, Colorado, Georgia and Rhode Island have delayed phases of their Home energy Rebate programs for consumers who make their homes more energy efficient. They cited a White House freeze on federal funding that conflicts with President Donald Trump’s agenda. The rebate programs, created by the Inflation Reduction Act, aim […]
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Traders are pouring into gold ETFs at record pace as trade and inflation worries grow
There’s a rush for gold happening on Wall Street, with investors flocking into the precious metal at a pace never before seen. Gold exchange-traded funds saw record high inflows last week — worth about $4.5 billion and led by the SPDR Gold Shares ETF (GLD) — with around half of that inflow occurring during Friday’s stock market sell-off […]
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After abrupt departure of Lucid CEO, here are the EV maker’s top priorities
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Shares of electric vehicle maker Lucid Group were down more […]
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