Year: 2025
EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty Images DETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last year — marking a landmark year for “green” […]
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Stocks making the biggest moves premarket: UnitedHealth, Morgan Stanley, Target, Southwest & more
Check out the companies making headlines in premarket trading. UnitedHealth Group – Shares dropped more than 3% after the company’s fourth-quarter revenue came in below Wall Street’s expectations. UnitedHealth posted $100.81 billion for the top line, while analysts surveyed by LSEG were expecting $101.76 billion. Earnings, however, beat the Street’s estimates. Morgan Stanley — The […]
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Netanyahu says ‘last minute crisis’ with Hamas holding up approval of Gaza truce and hostage deal
Prime Minister Benjamin Netanyahu said Thursday that a “last-minute crisis” with Hamas was holding up Israeli approval of a long-awaited ceasefire that would pause the fighting in the Gaza Strip and release dozens of hostages. Israeli airstrikes, meanwhile, killed at least 72 people in the war-ravaged territory. Netanyahu signaled there were issues with the deal […]
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Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
A Spirit Airlines plane at New York’s LaGuardia Airport Leslie Josephs/CNBC Spirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November. “We are executing on plans to rightsize our organization to align with our current fleet […]
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UK Robinhood rival Freetrade snapped up by trading firm at 29% valuation discount
Key Points U.K. Robinhood rival Freetrade has been acquired by IG Group for £160 million ($195.3 million) — a 29% discount to its last valuation. The is a sign of consolidation coming to the wealth technology industry, which is a subsector of fintech. Last year, Hargreaves Lansdown was acquired for £5.4 billion by a consortium […]
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Morgan Stanley is due to release fourth-quarter earnings
Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley is set to report fourth-quarter earnings before the opening bell Thursday. Here’s what Wall Street expects: Earnings: $1.70 a share, according to LSEG Revenue: $15.03 […]
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Target says its holiday sales were better than expected — but its profits weren’t
Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts. The big-box retailer now expects comparable sales in the fiscal fourth quarter to grow by about 1.5%. That’s better than its most recent outlook that the metric would […]
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Oil major BP to cut thousands of jobs in cost-saving drive
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive. “Today, we have today told staff across bp that […]
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Bank of America reports fourth-quarter earnings before the bell
Key Points Bank of America is expected to benefit from a boost in investment banking and trading activity in the fourth quarter. Last month, CEO Brian Moynihan told investors that his firm would hit guidance for NII of about $14.3 billion. Investors will be keen to hear about the company’s target for 2025, especially as […]
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Biden administration launches cybersecurity executive order
US President Joe Biden, left, and Antony Blinken, US secretary of state, speak on the ceasefire deal between Israel and Hamas, in the Cross Hall of the White House in Washington, DC, US, on Wednesday, Jan. 15, 2025. Israel and Hamas agreed to a ceasefire deal, bringing at least a temporary halt to the war […]
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