Month: March 2025
Amazon Pharmacy medical chief Gupta is latest health exec to leave company
Vin Gupta, Chief Medical Officer at Amazon Pharmacy, speaks during Amazon’s “Delivering the Future” event at the company’s BFI1 Fulfillment Center, Robotics Research and Development Hub in Sumner, Washington on October 18, 2023. Jason Redmond | Afp | Getty Images Amazon has lost the chief medical officer of its pharmacy division after five years at […]
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Tesla shares drop on plunging European sales, concerns about Trump’s tariffs
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC. Win McNamee | Getty Images Tesla shares fell almost 6% on Wednesday as data from Europe showed slowing sales last month, and investors grew […]
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OpenAI expects revenue will triple to $12.7 billion this year, source says
OpenAI CEO Sam Altman speaks at a panel discussion on potentials, perspectives and challenges in the age of Artificial Intelligence (AI) at the Technical University (TU) in Berlin on February 7, 2025. John Macdougall | Afp | Getty Images OpenAI expects revenue will triple to $12.7 billion in 2025, CNBC has confirmed. Bloomberg was first […]
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Dollar Tree says it’s winning over higher-income shoppers and may offset tariffs with price hikes
Dollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs. The discount retailer’s CEO, Michael Creedon, said the company is seeing “value-seeking behavior across all income groups.” While Dollar Tree has always relied on lower-income shoppers and gets about 50% […]
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Life science stocks are under pressure due to possible NIH funding cuts. What lies ahead for the sector
A recent move by the Trump administration to substantially lower funding from the National Institutes of Health for research institutions around the country has investors fearing meaningful losses for life science tools companies. The NIH announced in early February that it would cap research funding at 15% for “indirect costs” – those that aren’t directly […]
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Trump could sign new auto tariffs as soon as Wednesday, White House says
U.S. President Donald Trump holds paperwork he signed during an Ambassador Meeting in the Cabinet Room of the White House on March 25, 2025 in Washington, DC. Win McNamee | Getty Images President Donald Trump could impose new tariffs on auto imports as soon as Wednesday, a White House official told CNBC. But the timing […]
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Former Treasury Secretary Janet Yellen to join global advisory board for bond giant Pimco
Treasury Secretary Janet Yellen speaking with CNBC’s Sara Eisen (not shown) at the U.S Treasury Department on Jan. 8th, 2024. CNBC Former Treasury Secretary Janet Yellen will be joining an advisory board for bond giant Pimco, CNBC has learned. Joining other prominent officials in the world of economics and finance, Yellen, who also served as […]
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Italy hands VAT bill to Meta, X and LinkedIn in landmark tax case
Visitors take pictures by a sign posted in front of Meta headquarters in Menlo Park, California, on Jan. 29, 2025. Justin Sullivan | Getty Images Italy has handed tax demands to Meta, X and LinkedIn in the formal and final step in an unprecedented official VAT claim against the three U.S. web giants that could […]
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Stocks making the biggest moves midday: GameStop, Dollar Tree, Cintas and more
Check out the companies making headlines in midday trading. GameStop – The meme stock soared about 15%. On Tuesday, GameStop’s board announced it had unanimously approved a plan to buy bitcoin with a portion of its corporate cash, following a similar move by MicroStrategy. Dollar Tree – The discount retail chain popped more than 4% […]
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Over 9 million student loan borrowers past due after bills restarted, Fed estimates
People walk on the campus of the University of Southern California (USC) on March 21, 2024 in Los Angeles, California. Mario Tama | Getty Images Around 9.7 million student loan borrowers became past due on their bills after the Covid-era payment pause expired, according to a new estimate by the Federal Reserve Bank of New York. After […]
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