Month: May 2025
Germany’s Merz elected chancellor in second parliamentary vote after unexpected setback
The leader of Germany’s Christian Democratic Union (CDU) and designated chancellor Friedrich Merz looks on during a session at the Bundestag (lower house of parliament) in Berlin on May 6, 2025 before a vote to elect the country’s next chancellor. Tobias Schwarz | Afp | Getty Images Friedrich Merz was elected as Germany’s chancellor in […]
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Palantir falls 12% as analysts raise international growth concerns
Palantir co-founder and CEO Alex Karp speaks during the Hill & Valley Forum at the US Capitol Visitor Center Auditorium in Washington, DC, on April 30, 2025. Brendan Smialowski | Afp | Getty Images Palantir shares dropped more than 10% Tuesday even after the data analytics and artificial intelligence software company showed ongoing revenue growth […]
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Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit
The Ferrari brand logo, the coat of arms with the lettering and a rising horse (cavallino rampante), can be seen on the rim of a vehicle from the sports car manufacturer in Munich (Bavaria) on April 6, 2025. Picture Alliance | Picture Alliance | Getty Images Luxury carmaker Ferrari on Tuesday reported a significant upswing […]
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Paul Tudor Jones says stock market will hit new lows even if Trump cuts China tariffs to 50%
Key Points “We’ll probably go down to new lows, even when Trump dials back China to 50%,” Jones told CNBC’s “Squawk Box.” The widely followed investor’s bearish comments came after Trump’s rollout of the highest levies on imports in generations shocked the world last month, triggering extreme volatility on Wall Street. Source
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Uber to buy 85% stake in Turkish food delivery platform for $700 million
Travelers walk past a sign pointing toward the Uber rideshare vehicle pickup area at Los Angeles International Airport (LAX) on February 8, 2023 in Los Angeles, California. Mario Tama | Getty Images Uber will acquire an 85% stake in Turkish food delivery platform Trendyol GO for about $700 million in cash, the company said in […]
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Mattel CEO says toy manufacturing won’t come to America, but price hikes will
One of the goals of President Donald Trump’s 145% tariffs against China is to drive manufacturing back to America. But the odds of that are low, at least when it comes to toys. “We don’t see that happening,” Mattel CEO Ynon Kreiz said on CNBC’s “Squawk Box” Tuesday, less than a day after the company […]
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Stocks making the biggest moves premarket: Palantir Technologies, Ford Motor, Vertex Pharmaceuticals, DoorDash and more
Check out the companies making headlines before the bell. Palantir Technologies – The defense technology stock fell more than 8% after it earned an adjusted 13 cents per share in the first quarter, matching analyst expectations, according to LSEG, while revenue of $884 million topped the $863 million that analysts were looking for. Palantir also […]
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Newark air traffic controllers couldn’t see or talk to planes, leading to airport meltdown
CNBC’s Becky Quick reports on the latest news. Source
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Trump trade tariffs slump widens to ‘nearly all U.S. exports,’ supply chain data shows
An empty container ship of COSCO Shipping sails to a container terminal in Qingdao in east China’s Shandong province Wednesday, April 16, 2025. Feature China | Future Publishing | Getty Images What began as a rapid drop in U.S. imports as shippers cut orders from manufacturing partners around the world has now extended into a […]
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Doordash announces $1.2 billion SevenRooms deal, misses revenue expectations
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Doordash on Tuesday announced the $1.2 billion acquisition of restaurant booking platform SevenRooms and reported first-quarter revenue that missed expectations. Shares fell about 4% following the news. Here’s how the […]
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