Month: November 2025
Pinterest plunges 20% after weak results as tariffs drag on ad revenue
Silas Stein | Picture Alliance | Getty Images Pinterest shares plummeted 20% on Wednesday after lackluster third-quarter earnings as advertising took a hit from larger retailers dealing with tariffs. The company posted a profit of 38 cents per share adj., while analysts polled by LSEG expected earnings of 42 cents per share. However, the platform’s […]
Read More
Taser maker Axon plunges 17% after earnings fall short due to tariff hit
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Axon Enterprise‘s stock plummeted 17% after the Taser maker missed Wall Street’s third-quarter profit expectations as it grapples with tariff constraints. Adjusted earnings totaled $1.17 per share adj., falling short of a $1.52 per share forecast from LSEG. Adjusted gross margins fell 50 basis points […]
Read More
Amazon upheaval: With morale shaken, Jassy looks for next big play after mass layoffs
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon CEO Andy Jassy sat on a stage in a Seattle conference center in September, looking out at an audience of thousands of sellers who’d traveled from around the world to the company’s […]
Read More
Auto repair chain Monro soars after Carl Icahn takes 15% stake to become largest shareholder
In this article IEP Follow your favorite stocksCREATE FREE ACCOUNT Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Billionaire investor Carl Icahn took a significant stake in auto-service chain Monro, becoming the largest single shareholder and marking his latest move in the automotive sector. Icahn […]
Read More
Healthy Returns: What to know about Pfizer and Novo Nordisk’s bidding war over obesity biotech Metsera
A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. Pfizer and Novo Nordisk are in a takeover clash over the obesity biotech Metsera, with both pharmaceutical giants raising their bids for the startup as of Monday. […]
Read More
Trump on Democrats’ election blowout: ‘I don’t think it was good for Republicans’
U.S. President Donald Trump speaks during a breakfast with Republican Senators at the White House in Washington, D.C., U.S. November 5, 2025. Kevin Lamarque | Reuters President Donald Trump conceded that the Democrats’ electoral sweep up and down the ballot across the country on Tuesday night spelled bad news for his Republican Party. “Last night, […]
Read More
Air traffic controllers union president says it’ll take weeks to recover from shutdown impact
The head of the air traffic controllers’ union said Wednesday that it could take the industry “weeks to recover” from the impacts of the government shutdown. Nick Daniels, president of the National Air Traffic Controllers Association, said on CNBC’s “Squawk Box” that the holiday season will be especially affected by the shortage of air traffic […]
Read More
NATCA Pres. Nick Daniels: We won’t see the damage caused by the shutdown until well after it ends
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Nick Daniels, National Air Traffic Controllers Association president, joins ‘Squawk Box’ to discuss impact of the ongoing government shutdown on air traffic controllers, whether air travel remains safe, potential impact on the upcoming holiday season, and more. Source
Read More
Fintech Ripple gets $40 billion valuation after $500 million funding
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | Reuters Digital assets and infrastructure company Ripple said Wednesday it has raised $500 million in funding, lifting its valuation to $40 billion. The fundraise comes after a slew of acquisitions and […]
Read More
Xpeng to let other carmakers use its partly-autonomous driving system
Key Points Chinese electric car company Xpeng is releasing a new version of its driver-assist system that it says significantly reduces the need for human intervention. The company is opening the tech to other companies, starting with Volkswagen. Xpeng also claimed the new system outperforms Tesla’s Full Self-Driving in certain aspects. Source
Read More