Month: May 2025
S&P 500 futures rise as China signals openness to trade talks with U.S.: Live updates
Traders work on the floor of the New York Stock Exchange on May 1, 2025. NYSE S&P 500 futures rose Thursday evening as investors cheered China’s announcement that it is evaluating the possibility of starting trade negotiations with the U.S. Futures tied to the broad-based index added 0.68%. Dow Jones Industrial Average futures jumped 0.82% […]
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CNBC Daily Open: Apple and Amazon beat expectations, but not all’s rosy underneath
A person walks by the Apple store on Fifth Avenue in New York City, U.S., May 1, 2025. Kylie Cooper | Reuters For the quarter that ended in March, Apple and Amazon reported top- and bottom-line numbers that beat analysts’ expectations, joining their fellow “Magnificent Seven” counterparts Alphabet, Microsoft and Meta Platforms on the podium. […]
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Apple has managed tariffs so far, but Cook lacks long-term answers
Apple CEO Tim Cook, after nearly a month of anticipation from investors, on Thursday finally revealed how Apple was navigating the Trump administration’s tariffs. The company only saw a “limited impact” on tariffs between January and the end of March, Cook told investors on an earnings call for the company’s second quarter results. For the […]
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China says it’s evaluating U.S. overtures to initiate talks on trade
China says it's evaluating U.S. overtures to initiate talks on trade Source
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Venmo gaining ground in payments as Cash App struggles
In the increasingly crowded market for peer-to-peer payments, Venmo is showing momentum while Cash App has hit a rough patch. The parents of both businesses reported quarterly results this week. PayPal, which owns Venmo, reported an earnings beat and kept its forecast for the year. Block, meanwhile, plummeted in extended trading on Thursday after the […]
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Hasbro CEO details tariff impact: ‘We’re making rapid changes’
In a Thursday interview with CNBC’s Jim Cramer, Hasbro CEO Chris Cocks detailed how the toy maker is trying to diversity its supply chain and adapt to President Donald Trump’s steep tariff hikes on China, one of its top suppliers. “I think we’re making rapid changes,” he said. “You know, our goal was to get […]
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Nvidia CEO Jensen Huang gets first salary raise in a decade
Nvidia’s CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty Images Nvidia CEO Jensen Huang has made tens of billions of dollars in recent years from his stake in the chipmaker, but he’s getting his first salary increase in a decade. […]
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Block shares plunge 18% as company takes ‘cautious stance,’ issues weak guidance for year
Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook. The stock tumbled 15% in extended trading. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 56 cents adjusted. That figure may not be comparable to estimates. Revenue: $5.77 billion vs. $6.2 […]
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Reddit reports strong sales and issues optimistic guidance
Reddit reported first-quarter revenue on Thursday that beat Wall Street expectations, and issued better-than-expected guidance. The stock initially soared by as much as 19% in after-hours trading, but receded to around 5% when executives discussed the shaky economy and Google search-related challenges. Here’s how the company did compared with LSEG estimates: Earnings per share: 13 cents […]
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Amazon CEO Jassy says he’s ‘optimistic’ company could emerge from tariff uncertainty stronger
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Noah Berger | Getty Images Amazon CEO Andy Jassy looked to reassure investors on the company’s first-quarter earnings call on Thursday, saying […]
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