Month: February 2025
Stocks making the biggest moves after hours: Klaviyo, Carvana, Palantir and more
Check out the companies making headlines in after-hours trading. Klaviyo – The software company surged almost 6% after fourth-quarter results topped Wall Street expectations. Klaviyo posted adjusted earnings of 7 cents per share on $270 million in revenue, above the 6 cents per share and $257 million in revenue that analysts surveyed by LSEG were […]
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Palantir plunges after CEO Karp changes share sales plan, Pentagon budget cut report
Palantir co-founder & CEO Alex Karp attends meetings at the U.S. Capitol in Washington, U.S., October 18, 2023. Jonathan Ernst | Reuters The share price of Palantir fell by as much as 12.5% Wednesday after news that CEO Alex Karp had adopted a new stock trading plan, and a report that the Pentagon has been […]
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Why Trump’s tariffs aren’t affecting the stock market
Despite worries about President Donald Trump ‘s trade war, this earnings season shows that companies are choosing to focus on upcoming tailwinds, allowing investors to largely shrug off tariff concerns. “Animal spirits over tariffs” is the takeaway from this earnings season, Goldman Sachs chief economist Jan Hatzius said in a Monday research note. Excluding results […]
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Healthy Returns: Ozempic helps curb alcohol use in new study — and doctors are concerned about telehealth GLP-1s
Steve Christo | Corbis News | 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. Novo Nordisk‘s blockbuster diabetes drug Ozempic may also help people drink less alcohol. That’s according to new government-funded research […]
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Apple will need to raise prices for the iPhone, other products 9% to fully offset Trump’s coming tariffs, estimates Bank of America
Key Points Apple will need to hike prices around 9% to mitigate the effect of tariffs put into place by President Donald Trump, according to Bank of America. Apple has been under the microscope amid the ongoing tariff discussions. Source
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San Francisco 49ers explore 10% minority stake sale at about $9 billion valuation
A San Francisco 49ers helmet on the field during pregame warmups before an NFL game against the Arizona Cardinals at State Farm Stadium in Glendale, Arizona, on Dec. 17, 2023. Ryan Kang | Getty Images The San Francisco 49ers may be the next National Football League franchise to sell a minority stake to private equity. […]
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Forever 21 is in talks with liquidators, indicating it’s struggling to find a buyer
Beleaguered retailer Forever 21 is in talks with liquidators about future steps for the fast fashion company, according to people familiar with the matter — a sign that it’s struggling to find a buyer as it mulls a second bankruptcy filing. The company has been looking for a buyer to stave off extinction, the people […]
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U.S. fund KKR makes £4 billion management-buyout bid for UK’s Thames Water
Thames Water utility van in the Cty of London on 3rd December 2024 in London, United Kingdom. Thames Water Utilities Ltd is a large private utility company responsible for the water supply and waste water treatment in most of Greater London and surrounding areas in England. (photo by Mike Kemp/In Pictures via Getty Images) Mike […]
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Government travel has ‘fallen off’ since Trump inauguration, United Airlines says
A United Airlines plane takes off from Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images United Airlines says travel demand has been resilient lately — except from the U.S. government. Government travel “has fallen off here post-inauguration,” United’s Chief Financial Officer Mike Leskinen said at a Barclays […]
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Fed officials are worried about tariffs’ impact on inflation and see rate cuts on hold, minutes show
Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump’s tariffs would have in making that happen, according to meeting minutes released Wednesday. Policymakers on the Federal Open Market Committee unanimously decided at the meeting to […]
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