Month: May 2025
Stocks making the biggest moves premarket: Shopify, AppLovin, Peloton, Tapestry and more
Check out the companies making headlines in premarket trading. Shopify — Shares of the commerce technology platform dove 8.7% even after first-quarter revenue came in at $2.36 billion, beating the FactSet consensus estimate of $2.33 billion. Shopify had risen 20% over the past month, and its full year guidance set operating expenses at 39%-40% of […]
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Restaurant Brands earnings miss as Burger King, Popeyes and Tim Hortons post same-store sales declines
A Burger King restaurant is seen on October 25, 2024 in New York City. Michael M. Santiago | Getty Images Restaurant Brands International on Thursday reported quarterly earnings and revenue that missed analysts’ expectations as same-store sales of Popeyes, Burger King and Tim Hortons declined. But the restaurant company is seeing sales turn around already. “As we […]
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Standard Chartered analyst apologizes for $120,000 bitcoin price call, says target ‘may be too low’
Vcg | Visual China Group | Getty Images A Standard Chartered analyst who predicted bitcoin hitting $120,000 by the second quarter now says his price call is “too low.” “I apologise that my USD120k Q2 target may be too low,” Geoffrey Kendrick, head of digital assets at Standard Chartered, said in a tongue-in-cheek comment shared […]
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Family offices still betting on AI startups during deal slowdown
Jack Hidary, CEO of SandboxAQ Courtesy of SandboxAQ A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment firms of the ultra-rich, rattled by President Donald Trump’s tariffs, continued […]
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Steph Curry, Tom Brady and other celebrities excluded from most FTX investor claims, judge rules
Stephen Curry #30 of the Golden State Warriors drives to the basket in the second quarter against Dyson Daniels #11 of the New Orleans Pelicans at Chase Center on April 12, 2024 in San Francisco, California. Kavin Mistry | Getty Images A Florida federal judge has dismissed most of the claims against high-profile celebrities and […]
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European Union to launch dispute against U.S. tariffs with World Trade Organization
This photograph shows a European flag flying outside the EU headquarters in Brussels on May 6, 2025. Nicolas Tucat | Afp | Getty Images The European Union’s executive arm on Thursday said it would launch a dispute with the World Trade Organization over the U.S.’s “reciprocal” tariff policy. The European Commission also said it had […]
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China’s latest stimulus measures fail to impress as investors focus on U.S. trade talks
Shoppers pass an Hermes store, operated by Hermes International SCA, in Beijing, China, on Thursday, May 1, 2025. Na Bian | Bloomberg | Getty Images China’s latest push to revive growth with broader stimulus measures has failed to cheer its stock market as worries over economic deterioration outweigh policy optimism, with investors focused on trade […]
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Bank of England cuts interest rates: Here’s what it means for your money
Shoppers and visitors out on Oxford Street on 4th May 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England cut interest rates on Thursday in a move likely to bring relief to borrowers, businesses and hard-pressed consumers across the country. The central bank reduced its key interest […]
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Trump calls Fed Chair Jerome Powell a ‘fool’ after central bank keeps rates steady again
President Donald Trump derided Federal Reserve Chairman Jerome Powell once again Thursday, a day after the central bank voted to not lower rates because of economic uncertainty created by tariffs. Trump said in a Truth Social post: “‘Too Late’ Jerome Powell is a FOOL, who doesn’t have a clue. Other than that, I like him […]
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DOT to address Newark airport issues: Here’s what to know
CNBC’s Phil LeBeau joins ‘Squawk Box’ to report on the latest news. Source
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