Month: February 2025
Stocks making the biggest moves premarket: Coca-Cola, Shopify, Snap, First Solar & more
Check out the companies making headlines in premarket trading. Coca-Cola — The soda maker popped 3% after beating Wall Street expectations on both lines for the fourth quarter. Coca-Cola earned 55 cents adjusted per share on $11.54 billion in revenue, while analysts polled by LSEG forecasted 52 cents in earnings per share and $10.68 billion […]
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Ukraine ‘may be Russian someday,’ Trump says, as the U.S. ups the pressure on Kyiv and allies
Donald Trump (L) and Russia’s Vladimir Putin arrive to attend a joint press conference after a meeting at the Presidential Palace in Helsinki, on July 16, 2018. Yuri Kadobnov | Afp | Getty Images U.S. President Donald Trump suggested that Ukraine could lose its sovereignty to Russia, and said he wanted compensation for the aid […]
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Trump’s steel tariffs could trigger broader trade war as EU threatens ‘proportionate countermeasures’
Ursula von der Leyen (CDU, r), President of the European Commission, stands in the plenary chamber of the European Parliament. Philipp von Ditfurth | Picture Alliance | Getty Images The European Union plans to retaliate against the United States for new steel and aluminum tariffs, adding another element to rising global trade tensions. “Unjustified tariffs […]
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After DeepSeek, the AI version of a global trade war is one the U.S. won’t win easily
Products at the showroom of the Nvidia Corp. offices in Taipei, Taiwan, June 2, 2023. I-Hwa Cheng | Bloomberg | Getty Images The U.S. government’s effort to curtail AI development in China through tightened controls of chip exports, including restrictions on the most advanced offerings from Nvidia, didn’t stop DeepSeek from creating its generative AI […]
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Coca-Cola sales easily top estimates as global demand rises
Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations, as global demand for its drinks rose. Shares of the company climbed more than 3% in premarket trading. Here’s what Coca-Cola reported for the quarter ended Dec. 31 compared with what Wall Street was expecting, based on a survey of analysts by LSEG: […]
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A $4 million Bugatti and Michael Jordan’s BMW brought car auction company a record year
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Bring a Trailer, the online classic car marketplace, sold a record $1.5 billion worth of cars last year despite […]
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Affirm plans to bring Buy Now, Pay Later debit cards to more users through deal with FIS
PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images Affirm, the online lender founded by Max Levchin, expanded beyond credit and entered the debit market four years ago with a card that let users […]
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EU says AI race ‘far from over’ as bloc pledges 50-billion-euro investment boost
Ursula von der Leyen, president of the European Commission, speaks at the AI Action Summit in Paris, France, on Tuesday, Feb. 11, 2025. Bloomberg | Bloomberg | Getty Images European Commission President Ursula von der Leyen on Tuesday said the EU would mobilize a total of 200 billion euros ($206.5 billion) for artificial intelligence investments […]
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Sam Altman says Musk aims to ‘slow down a competitor’ with his $97.4-billion bid for OpenAI
PARIS — Elon Musk aims to “slow down a competitor” when the investor group he led put forward a $97.4 billion proposal for control of OpenAI, the company’s CEO Sam Altman told CNBC on Tuesday. Asked how seriously he is taking Musk’s bid, which Altman previously declined in a X social media post, the OpenAI chief said: “Not particularly.” […]
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JD Vance says U.S. will defend American AI and block efforts to weaponize the tech
US Senator and Republican vice presidential candidate J.D. Vance speaks to a Fox News reporter in the spin room after participating in the Vice Presidential debate with Minnesota Governor and Democratic vice presidential candidate Tim Walz hosted by CBS News at the CBS Broadcast Center in New York on October 1, 2024. Charly Triballeau | […]
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