Month: October 2025
Roblox stock slips 15% as company expects more spending on safety and infrastructure
Roblox shares sank 15% on Thursday as the company said it expects increased capital expenditures that could pressure margins. The gaming company said it expects capital expenditures of $468 million, an increase of $158 million from prior guidance. “Our operating margin could decline slightly year-over-year due to the combination of higher DevEx rates and the […]
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Shares of breast cancer therapy developer Olema Pharmaceutical could more than double from here
Wall Street is optimistic that Olema Pharmaceutical could be developing the next major breakthrough breast cancer treatment. Earlier this month, the company announced promising clinical data for its lead candidate palazestrant, an oral medication that is being evaluated in several trials for estrogen receptor-positive, or ER+, breast cancer. Shares of the clinical-stage biopharmaceutical company are up […]
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Hurricane Melissa set to trigger $150 million Jamaica catastrophe bond to help rebuild
Drone view of damage to coastal homes after Hurricane Melissa made landfall, in Alligator Pond, Jamaica, Oct. 29, 2025. Maria Alejandra Cardona | Reuters Hurricane Melissa, the most powerful Atlantic hurricane of the year, made landfall this week as a Category 5 storm in Jamaica. The strength of the storm means it will likely trigger […]
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Powell forced to stave off uprisings in markets and on his own Fed board as his term ends
Key Points Fed Chair Jerome Powell will have to steer his way through a suddenly very contentious atmosphere among policymakers that will make whichever direction the Fed chooses divisive. While Wall Street economists were split over whether the FOMC will in fact approve another reduction at the Dec. 9-10 meeting, they were in agreement that […]
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Honeywell’s spin-off starts trading — plus, Goldman CEO’s outlook on the economy
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 and Nasdaq were dragged down Thursday on post-earnings slumps from Club holdings Meta Platforms and Microsoft. While both reported better-than-expected […]
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Mortgage rates jump 20 basis points following Fed cut
An aerial view of homes in a neighborhood on Aug.27, 2025 in San Francisco, California. Justin Sullivan | Getty Images While the Federal Reserve cut its benchmark interest rate this week, mortgage rates responded by doing just the opposite. The average rate on the 30-year fixed mortgage has jumped 20 basis points since Chairman Jerome […]
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Delta calls on Congress to immediately end government shutdown, pay air traffic controllers
A Delta Airlines plane takes off near the air traffic control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Tuesday, Oct. 28, 2025. Samuel Corum | Bloomberg | Getty Images Delta Air Lines called on Congress Thursday to “immediately pass a clean continuing resolution” to reopen the U.S. government and […]
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This biotech stock has jumped nearly 50% in 3 months. Its CEO says business is ‘growing substantially’
It’s been a stellar few months for shares of San Francisco-based biotech company Rigel Pharmaceuticals, which has approved treatments for rheumatology and oncology — as well as potential new drugs in the pipeline. The stock has jumped about 50% in just the last three months, earning it a spot on CNBC’s list of top performing […]
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Amazon earnings: Cloud growth, holiday outlook and layoffs in focus
Amazon is slated to post results for the third quarter after the closing bell Thursday. Here’s what analysts polled by LSEG are looking for: Earnings per share: $1.57 Revenue: $177.8 billion Wall Street is also looking at other key revenue numbers: Amazon Web Services: $32.42 billion expected Advertising: $17.34 billion expected AWS growth will be […]
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A ‘war room’ mentality: How auto giants are battling the Nexperia chip crunch
A Honda sedan moves down the assembly line on Jan. 28, 2025 at the automaker’s assembly plant in Marysville, Ohio. Michael Wayland / CNBC Global automakers are once again bracing for production disruptions due to a potential shortage of automotive semiconductor chips, this time sparked by the Dutch government amid geopolitical tensions between the U.S. […]
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