Year: 2025
FIS shares plunge most since 2023 on disappointing revenue, guidance miss
Lori Moffett | Bloomberg | Getty Images Shares of Fidelity National Information Services plunged the most since 2023 on Tuesday after the company reported quarterly earnings that fell short of Wall Street estimates and issued a disappointing forecast. The stock dropped 12% as of afternoon trading, heading for its biggest drop since March 2023. Here’s […]
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Trump hosts Jordan’s King Abdullah II, renews insistence that the U.S. can control and redevelop Gaza
President Donald Trump hosted Jordan’s King Abdullah II at the White House on Tuesday and renewed his insistence that Gaza could be emptied of all residents, controlled by the U.S. and redeveloped as a tourist area — a plan that could likely only work if the Arab nation agrees to accept more refugees. Trump and […]
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Trump FBI pick Kash Patel accused of directing staff purge while still a nominee
Kash Patel, U.S. President Donald Trump’s nominee to be director of the FBI, looks on as he testifies before a Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, U.S., January 30, 2025. Evelyn Hockstein | Reuters President Donald Trump’s nominee to lead the FBI, Kash Patel, was accused Tuesday of personally directing an […]
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Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq
Satellite communications company Globalstar listed on the Nasdaq Tuesday after delisting from the New York Stock Exchange. “We did a reverse split — we’re a multibillion dollar company, but our stock price was down in the dollar-ish range,” CEO Paul Jacobs told CNBC’s Becky Quick on “Squawk Box.” “And people thought of us as a […]
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Powell squashes the possibility that the Fed will develop its own digital currency
Key Points Fed Chair Jerome Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge, ending several years of speculation. Over the years, multiple officials have raised concerns, with most saying there was no obvious need for a CBDC and citing concerns over privacy […]
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Trump says Treasury Secretary Bessent is going to Ukraine as U.S. has ‘little to show’ for aid sent
U.S. Secretary of the Treasury Scott Bessent speaks, at the White House, in Washington, U.S. February 3, 2025. Elizabeth Frantz | Reuters U.S. Treasury Secretary Scott Bessent will head to Ukraine for discussions about the war with Russia, U.S. President Donald Trump announced Tuesday. Trump said in a post on Truth Social that Bessent will […]
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Stocks making the biggest moves midday: Coca-Cola, Ecolab, Meta Platforms, Fluence Energy and more
Check out the companies making headlines in midday trading: Lattice Semiconductor — Shares surged more than 7% after the chipmaker beat consensus revenue estimates in the fourth quarter. Revenue of $117.4 million came above analysts’ calls for $117.1 million, according to LSEG. Coca-Cola — Shares gained more than 3% after the soda maker’s fourth-quarter results […]
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Coca-Cola says it will sell more soda in plastic bottles if aluminum tariffs take effect
Coca-Cola bottles are seen at a shop in Srinagar, Jammu and Kashmir, on Jan. 28, 2025. Firdous Nazir | Nurphoto | Getty Images Coca-Cola will shift more of its packaging from aluminum to plastic bottles if President Donald Trump implements his latest wave of tariffs, CEO James Quincey said Tuesday. “As it relates to our […]
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Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT — President Donald Trump’s tariffs, both implemented and just threatened, are causing “chaos” for the U.S. automotive industry, according to Ford Motor CEO Jim Farley. The chief executive of […]
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Former Trump aide Steve Bannon pleads guilty in New York ‘build the wall’ case
Steve Bannon, former advisor to U.S. President Donald Trump, arrives for a hearing at Manhattan Criminal Court on February 11, 2025 in New York City. Michael M. Santiago | Getty Images Steve Bannon, a former top White House aide to President Donald Trump, pleaded guilty Tuesday in New York in connection with the defrauding of […]
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