Month: September 2025
CarMax stock plummets 20% following ‘challenging’ quarter that missed Wall Street’s expectations
A sign is posted in front of a CarMax dealership on April 10, 2025 in Santa Rosa, California. Justin Sullivan | Getty Images News | Getty Images DETROIT — Shares of CarMax were down by more than 20% in early trading Thursday after the used auto retailer missed Wall Street’s quarterly earnings and revenue expectations. […]
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Office investor demand was way up in the first half of 2025, according to exclusive JLL data
Working late, office buildings, Financial District, London. Travelpix Ltd | Stone | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and […]
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Trump OMB orders preparation for mass firings of federal workers if government shuts down
The U.S. Capitol in Washington, D.C., is seen on a cloudy and foggy morning, March 6, 2024. Kevin Dietsch | Getty Images The White House warned federal agencies to prepare for mass firings if Congress does not reach a deal to fund the government before next Wednesday. A memo released Wednesday by the Office of […]
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U.S. startup airline Breeze Airways plans first international flights
A Breeze Airways airplane on the tarmac at Tampa International Airport in Tampa, Florida, on May 27, 2021. Matt May | Bloomberg | Getty Images U.S. startup airline Breeze Airways is planning to fly internationally for the first time early next year, aiming to win over sun-seeking travelers as the carrier enters its fifth year […]
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Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness
Initial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and elsewhere that the labor market is in danger. First-time filings for the week ending Sept. 20 totaled a seasonally adjusted 218,000, down 14,000 from the prior week’s upwardly revised figure and significantly less than the […]
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Databricks commits to $100 million in OpenAI spending as high-valued startups team up in AI
Databricks co-founder and CEO Ali Ghodsi. Databricks OpenAI and Databricks are two of the most highly valued tech startups on the planet. Now they’re working together. Databricks, a data analytics software vendor, said Thursday that it has committed to spending $100 million over multiple years with OpenAI. Databricks is making it easier for customers to […]
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Disney investors say handling of Jimmy Kimmel suspension put politics over shareholders, demand records
Key Points The American Federation of Teachers, AFL-CIO, and Reporters Without Borders are seeking board materials, communications and policies related to the suspension of “Jimmy Kimmel Live!” The groups argue that the decision was driven by threats from federal regulators and broadcast affiliates, rather than a business calculation in shareholder interests. Source
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Stocks making the biggest premarket moves: Intel, Oracle, Lithium Americas, Opendoor and more
Check out the companies making the biggest moves in premarket trading: Oracle — The database software company fell 3% as worries around the AI trade continue to drag the stock lower. Rothschild & Co Redburn initiated coverage of Oracle with a sell rating, saying the market is “materially” overestimating Oracle’s contracted cloud revenues. It sees […]
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CNBC’s Inside India newsletter: From American Dream to Indian Dream
This report is from this week’s edition of CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse. Like what you see? You can subscribe here. The big story Lately, every move out of Washington seems to send aftershocks straight to New Delhi. The latest shake-up? A $100,000 one-time […]
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European Commission launches antitrust probe into software giant SAP
Thomas Lohnes | Getty Images The European Commission launched an antitrust probe into German software behemoth SAP on Thursday, citing concerns about the company’s practices in software support services. According to the Commission, the investigation will assess “whether SAP may have distorted competition in the aftermarket for maintenance and support services related to an on-premises type of […]
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