Day: March 10, 2025
White House: Stock market plunge is not as ‘meaningful’ as business activity
The White House on Monday downplayed the weeks long stock market sell-off, insisting that recent moves by business leaders suggest a brighter outlook for the U.S. economy. “We’re seeing a strong divergence between animal spirits of the stock market and what we’re actually seeing unfold from businesses and business leaders,” a White House official told […]
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Digital physical therapy provider Hinge Health files for IPO
Hinge Health’s Enso product. Courtesy: Hinge Health Hinge Health, a provider of digital physical therapy services, filed to go public on Monday, the latest sign that the IPO market is starting to crack open. Hinge Health uses software to help patients treat musculoskeletal injuries, chronic pain and carry out post-surgery rehabilitation remotely. The company’s revenue last […]
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S&P 500 futures are little changed after recession fears triggered a market sell-off: Live updates
Traders work on the floor of the New York Stock Exchange on March 6, 2025. NYSE S&P 500 futures were relatively unchanged Monday night after concerns that a recession would hit the U.S. economy sparked a broad sell-off in the market. Futures tied to the S&P 500 hovered around the flatline, while Nasdaq-100 futures dropped […]
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DOGE chief Musk says he’s running his businesses ‘with great difficulty,’ as Tesla shares tank
White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC. Samuel Corum | Getty Images DOGE chief Elon Musk said Monday that he is running his businesses “with great difficulty,” as […]
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Fintech stocks plummet as Wall Street worries about consumer spending, credit
People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an initial public offering earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images It was a bad day for tech stocks, and a […]
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Stocks making the biggest moves after hours: Delta Air Lines, Oracle, Asana and more
Check out the companies making headlines in after-hours trading: Delta Air Lines — Shares of the airline operator slid about 14%. The company dialed back its forecast for the first quarter, citing “the recent reduction in consumer and corporate confidence caused by increased macro uncertainty.” Delta now sees year-over-year revenue growth of 3% to 4% […]
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U.S. could reach deal with Canada that avoids oil and gas tariffs, energy secretary says
HOUSTON — The U.S. could reach an agreement with Canada that avoids tariffs on imports of oil, gas and other energy resources, Energy Secretary Chris Wright said Monday. Wright said such a scenario is “certainly is possible” but “it’s too early to say” in response to a question from CNBC during a press conference at […]
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Alphabet aims to slash cost of new nuclear with small reactor deployments, CIO says
Ruth Porat, President & Chief Investment Officer of Alphabet & Google, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | Reuters HOUSTON — Alphabet is aiming to slash the cost of building new nuclear reactors by deploying a series of small reactors through its deal with developer […]
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Oracle misses on earnings but touts data center growth from AI
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle issued quarterly results on Monday that trailed analysts’ estimates, but the company offered bullish comments on its cloud infrastructure segment. Here is how Oracle […]
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Delta Air Lines slashes earnings outlook citing weaker U.S. demand, sending shares down
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty Images Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand. Delta expects revenue in the quarter ending March 31 to rise no more than 5% […]
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