Year: 2025
Stocks making the biggest midday moves: Netflix, Johnson & Johnson, Oracle, Ford and more
Check out the companies making headlines in midday trading. Netflix — The streaming giant soared nearly 12% to an all-time high on the heels of better-than-expected results in the fourth quarter. Netflix reported earnings per share of $4.27 on revenue of $10.25 billion. Analysts polled by LSEG forecast $4.20 per share and $10.11 billion in […]
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Trump 2.0 raises awkward policy questions for Europe — but some lawmakers see ‘real opportunity’
U.S. President Donald Trump delivers remarks on AI infrastructure at the Roosevelt room at White House in Washington, U.S., January 21, 2025. Carlos Barria | Reuters U.S. President Donald Trump’s “America First” agenda raises awkward questions for the European Union, although some lawmakers say Trump’s return to the White House could be a “real opportunity” […]
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UK ‘not part of the problem’ when it comes to U.S. trade, Britain’s finance minister says
Rachel Reeves, UK Finance Minister, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC The U.K. is “not part of the problem” when it comes to “persistent” trade deficits that President Donald Trump wants to tackle, the country’s finance minister told CNBC Wednesday. […]
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Musk undercuts Trump’s Stargate AI investment announcement
The logo of OpenAI is shown on a mobile phone in front of a computer screen displaying the photographs of Sam Altman, left, and Elon Musk, March 14, 2024. Muhammed Selim Korkutata | Anadolu | Getty Images Elon Musk claimed overnight Tuesday that tech giants OpenAI, Oracle and Softbank don’t have enough money to fulfill […]
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Trump threatens Russia with sanctions, tariffs if Putin doesn’t end Ukraine war
Russian President Vladimir Putin (L) looks at U.S. President Donald Trump during the welcoming ceremony prior to the G20 Summit’s Plenary Meeting on November 30, 2018 in Buenos Aires, Argentina. Mikhail Svetlov | Getty Images President Donald Trump on Wednesday threatened to impose “high levels” of sanctions on Russia and tariffs on imports from there […]
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Retail crime ‘queenpin’ to pay millions in restitution to Ulta, other retailers for theft ring
The California mom who pleaded guilty to running an organized retail crime ring that stole millions of dollars in beauty products from Ulta Beauty and Sephora to resell on Amazon will now have to pay those retailers back as part of her sentence. Michelle Mack, who began her five-year prison sentence on Jan. 9 following […]
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Family offices are paying executive assistants up to $190,000 a year as demand for talent spikes
Martin-dm | E+ | Getty Images Good help is hard to find. Family offices, the private investment firms of the ultra-wealthy, are increasingly willing to pay extra for it. The talent war between family offices and Wall Street has driven up salaries not only for top investment roles but also for administrative staff. While compensation […]
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Meta backs Databricks as the data analytics startup inches toward IPO
Databricks co-founder and CEO Ali Ghodsi. Databricks Data analytics software startup Databricks said Wednesday that Meta has signed on as an investor. As the company that trains the popular Llama open-source large language models, or LLMs, that Databricks builds on, Meta plays an important role in the artificial intelligence. Databricks works closely with Meta’s Llama […]
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Jamie Dimon says the U.S. stock market is ‘kind of inflated’
JPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock market inflated and said that he felt more cautious than others in the business world because of the risks from deficit spending, inflation and geopolitical upheaval. “Asset prices are kind of inflated, by any measure. They are in the top 10% or 15%” of […]
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Jamie Dimon says he’s patched relationship with Musk: ‘Elon and I hugged it out’
JPMorgan Chase CEO Jamie Dimon on Wednesday said that he and tech billionaire Elon Musk have smoothed over their previously contentious relationship. “Elon and I hugged it out,” Dimon told CNBC in a TV interview at the World Economic Forum’s annual event in Davos, Switzerland. “He came to one of our conferences, [and] he and […]
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