Month: December 2025
SoFi’s stock drops on $1.5 billion share sale announcement
Key Points SoFi announced the public offering of $1.5 billion in stock. The share sale comes after the fintech company’s market cap almost doubled so far in 2025. Stock prices often fall when companies announce offerings because the share sale dilutes the value of existing holders’ stakes. Source
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Costco adds Biden Commerce Sec. Gina Raimondo to board on heels of Trump tariff lawsuit
US Commerce Secretary Gina Raimondo speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty Images Read more CNBC politics coverage “We are very pleased to nominate Secretary Raimondo for election to our Board,” Costco Chairman Tony […]
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Apple announces departure of general counsel and policy chief
Apple’s general counsel, Kate Adams, and its vice president for environment, policy, and social initiatives, Lisa Jackson, are retiring from the company, the iPhone maker announced on Thursday. Jennifer Newstead, Meta’s chief legal officer, will become Apple’s new general counsel in March, and Jackson’s government affairs staff will report to her, Apple said. The two […]
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Stocks making the biggest moves after hours: DocuSign, SoFi Technologies, Ulta, Hewlett Packard Enterprises and more
Check out the companies making headlines in after-hours trading. Ulta Beauty — Shares of the beauty retailer rose nearly 6% after outpacing Wall Street’s expectations for the fiscal third quarter and raising its forecasts for the full fiscal year. Ulta expects revenue for the year to be $12.3 billion, up from a prior range of […]
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S&P 500, Nasdaq close higher, extending gains for third day as investors await next week’s rate decision
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 25, 2025. Brendan McDermid | Reuters The S&P 500 and Nasdaq Composite rose slightly on Thursday as investors prepared for next week’s interest rate decision from the Federal Reserve. The broad-based index inched up 0.11% to close […]
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Ulta shares pop as beauty retailers hikes sales and earnings outlook for second straight quarter
An Ulta Beauty store in Concord, California, US, on Wednesday, Dec. 3, 2025. David Paul Morris | Bloomberg | Getty Images Ulta Beauty on Thursday raised its full-year sales outlook after topping Wall Street’s expectations for the fiscal third quarter. The beauty retailer said it now expects net sales for the year to be approximately […]
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Starbucks Workers United holds rally in NYC as strikes continue for a third week
NEW YORK — Starbucks Workers United held a rally outside the Empire State Building on Thursday as its open-ended strike entered its third week and no signs of an impending resolution. Adding to the crunch of holiday shoppers and tourists, several hundred picketers gathered outside of the famous landmark, which is also the site of […]
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Google taps AI vibe-coder Replit in challenge to Anthropic and Cursor
Google Cloud announced Thursday a multi-year partnership with artificial intelligence coding startup Replit, giving the search giant fresh firepower against the coding products of rivals, including Anthropic and Cursor. Under the partnership, Replit will expand usage of Google Cloud services, add more of Google’s models onto its platform, and support AI coding use cases for […]
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New York Times sues Defense Sec. Pete Hegseth over restrictive Pentagon media rules
The New York Times building is seen on September 16, 2025 in New York City. Michael M. Santiago | Getty Images The New York Times on Thursday filed a lawsuit challenging new restrictions on reporters who cover the Pentagon, which the newspaper says violate the U.S Constitution’s free press protections. The suit against the Defense […]
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Electric aircraft maker Beta Technologies posts strong revenue growth in first report since going public
Fully electric battery powered ALIA CTOL, CX300 single engine airplane, manufactured by Beta Technologies, performs during the 55th edition of the International Paris Air Show (Salon international de l’aeronautique et de l’espace – SIAE) at the ParisLe Bourget Airport, in Le Bourget, north of Paris, France on June 18, 2025. Mustafa Yalcin | Anadolu | […]
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