Year: 2025
Staffer at Musk’s DOGE resigns after racist social media posts exposed
Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC A staff member on the Department of Government Efficiency team led by tech billionaire Elon Musk resigned Thursday after the Wall Street Journal asked the White House about his connection to a social media account that advocated for […]
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Pinterest shares surge as much as 20% after company beats on fourth-quarter revenue, shows strong user growth
Sopa Images | Lightrocket | Getty Images Pinterest shares surged as much as 20% after the social media company reported fourth-quarter earnings Thursday that beat on revenue. Here’s how the company did, compared to analysts’ consensus estimates from LSEG: Revenue: $1.15 billion vs. $1.14 billion expected Fourth-quarter EBITDA: $470.9 million adjusted vs. $444.8 million expected […]
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Affirm shares pop more than 10% on revenue beat
Affirm shares jumped more than 10% in extended trading on Thursday after the provider of buy now, pay later loans, reported better-than-expected fiscal second-quarter results. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 23 cents adjusted. That’s not comparable to an expected loss of 15 cents. Revenue: $866 million […]
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Amazon’s advertising business grew 18% in the fourth quarter
An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022. Graham Hughes | Bloomberg | Getty Images Amazon’s online advertising business logged $17.29 billion in the fourth quarter, up 18% from a year ago. Analysts polled by StreetAccount were expecting Amazon to report ad revenue of […]
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Amazon issues disappointing revenue forecast, points to weakest growth on record
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock slipped in extended trading. Here are the numbers: Earnings: […]
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E.l.f. Beauty CEO says company is ‘relieved’ China tariffs are only 10%
The New York Stock Exchange welcomes E.l.f. Beauty on March 18, 2024, to celebrate its 20th anniversary of founding. The CEO of E.l.f. Beauty, which manufactures about 80% of its cosmetics in China, told CNBC on Thursday that it was “relieved” the new tariff on Chinese imports is only 10%. The retailer isn’t sure yet […]
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E.l.f. stock tanks after retailer cuts guidance, citing ‘soft’ January amid TikTok ban saga and LA wildfires
Elf complexion sponges arranged in Germantown, New York, July 17, 2023. Gabby Jones | Bloomberg | Getty Images E.l.f. Beauty on Thursday cut its full-year guidance after seeing a 36% drop in profits and “softer than expected” sales trends in January, marking a rare downturn for one of beauty’s hottest brands. The cosmetics company reported […]
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Musk’s pivot to U.S. airspace reform raises new conflict-of-interest concerns
Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | Reuters Elon Musk’s involvement in the Trump administration’s airspace reform plan has quickly spurred calls to bar the Tesla and SpaceX leader from those efforts over his […]
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Amazon’s Whole Foods cites Trump’s NLRB purge as grounds for rejecting union win
An Amazon Prime delivery van sits parked outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | Afp | Getty Images Whole Foods, the Amazon-owned grocery chain, has asked the National Labor Relations Board to overturn a union victory at a Philadelphia store, pointing to […]
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Trump administration demands lists of low-performing federal workers
U.S. President Donald Trump walks on the day of the annual National Prayer Breakfast at the U.S. Capitol in Washington, U.S., February 6, 2025. Kevin Lamarque | Reuters The Trump administration on Thursday ordered all federal departments and agencies by March 7 to submit lists of employees who received less than “fully successful” job performance […]
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