Month: April 2025
Shift4 shares surge 11% on earnings beat as fintech stocks climb on results and upgrades
Jared Isaacman, CEO of Shift4 Payments, at the New York Stock Exchange on June 3, 2021. Source: NYSE Fintech stocks were in focus Tuesday as fresh earnings reports and analyst notes drove sharp reactions across the sector. Shift4 Payments and Upstart Holdings surged following upbeat news, while PayPal shares were slightly higher despite delivering a […]
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Stocks making the biggest moves midday: Spotify, Regeneron, Hims & Hers, Pfizer and more
Check out the companies making headlines in midday trading: Spotify — Shares of the music streaming company lost 3.8% on the back of disappointing results. Spotify reported first-quarter operating income of 509 million euros, while analysts polled by FactSet expected 519.9 million euros. Spotify’s revenue of 4.2 billion euros was in line with estimates, while […]
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SpaceX loses bid to control beach access near launch facility in Texas
SpaceX’s mega rocket Starship booster returns to the launch pad during a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025. Eric Gay | AP As SpaceX awaits the results of a critical election that would turn the location of its Starbase launch site into an incorporated Texas city, lawmakers have declined […]
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Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D
Albert Bourla, chairman and CEO of Pfizer, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. Andrew Kelly | Reuters Pfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump’s planned pharmaceutical tariffs is deterring the company from further investing in U.S. manufacturing and […]
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Oil industry that Trump wants to ‘drill, baby, drill’ has taken a beating since he took office
An operator for Baker Hughes conducts a wireline survey on a Chesapeake Energy natural gas rig in the North Texas Barnett Shale near Burleson, Texas. Matt Nager | Getty Images President Donald Trump wants the oil and gas industry to “drill, baby, drill” in pursuit of his energy dominance agenda, but the companies involved in […]
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Amazon says displaying tariff cost ‘not going to happen’ after White House blowback
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024. Ina Fassbender | Afp | Getty Images Amazon said Tuesday it considered displaying import charges on items sold via its site for ultra-discount items, but that the plan […]
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UK announces draft rules for crypto industry, touts greater collaboration with U.S.
Key Points U.K. Finance Minister Rachel Reeves on Tuesday announced plans for a “comprehensive regulatory regime for crypto assets.” The U.K.’s Treasury published draft rules aimed at bringing crypto exchanges, dealers and agents into the regulatory fold. Reeves said that the the U.K. planned to deepen regulatory cooperation with the U.S. to boost “responsible” adoption […]
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JetBlue to partner with another U.S. airline in the coming weeks, president says
JetBlue Airways ranked no. 1 in customer satisfaction for best in first and business class. Aaronp/bauer-griffin | Gc Images | Getty Images JetBlue Airways is getting ready to announce a partnership with another U.S. airline with a larger network in the coming weeks, the carrier’s president said Tuesday. One possibility: United Airlines. JetBlue’s leaders have […]
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Meta launches standalone AI app to take on ChatGPT
Mark Zuckerberg, CEO of Meta Platforms, during the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta Platforms is launching a standalone artificial intelligence app and going head-to-head with ChatGPT maker OpenAI, the company said Tuesday. The news confirms previous CNBC reporting from February, […]
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Main Street investors hold on tight out of trust in President Trump, Treasury Secretary says
watch now VIDEO3:3703:37 Treasury Secretary Scott Bessent: Individual investors trust President Trump Squawk Box Treasury Secretary Scott Bessent said Tuesday that individual investors, who have largely been holding their positions through the recent market turmoil, have faith in President Donald Trump’s tariff policy. “Individual investors have held tight, while institutional investors have panicked … individual investors […]
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