Year: 2025
Ethics watchdog fired by Trump drops lawsuit challenging dismissal
FILE PHOTO: Special Counsel of the U.S. Office of Special Counsel Hampton Dellinger poses for a portrait in an undated handout image. U.S. Office Of Special Counsel | Via Reuters A top federal ethics watchdog who was fired last month by President Donald Trump said Thursday that he is dropping a lawsuit challenging his dismissal. […]
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Stocks making the biggest moves midday: Marvell Technology, Amazon, Zscaler, Teladoc and more
Check out the companies making headlines in midday trading: Victoria’s Secret — Shares declined more than 5% after the lingerie retailer issued lighter-than-expected guidance for the first quarter. Victoria’s Secret sees revenue coming in between $1.3 billion and $1.33 billion during the period, while analysts polled by LSEG had estimated $1.39 billion. Management cited an […]
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Marvell plunges 18% as outlook falls short of high expectations
Matt Murphy, CEO, Marvell Technology Scott Mlyn | CNBC Marvell Technology shares plummeted more than 17% after the chipmaker’s guidance fell short of some elevated buyside estimates. For the first fiscal quarter, the chipmaker said it expects sales of about $1.88 billion. That was just ahead of the $1.87 billion expected by analysts polled by […]
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Applebee’s owner Dine Brands to lean on value, marketing to reverse sales declines
Michael Siluk | UCG | Universal Images Group | Getty Images Dine Brands hopes to boost sales this year with a wider swath of value meals and buzzier advertising after a rough 2024 for Applebee’s and IHOP. “We had a soft year in 2024, which disappoints us, but we’re focused on improving that in 2025,” […]
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Trump tariffs live updates: White House pauses tariffs on some Mexican imports until April 2
Mexican President Sheinbaum says she will continue to work with Trump In reaction to Trump’s tariff pause, Mexican President Claudia Sheinbaum thanked the Republican and said she will continue to work with the White House on border security issues. “Many thanks to President Donald Trump. We had an excellent and respectful call in which we […]
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A market hedge traders use if volatility spikes and the sell-off gets worse
The Cboe Volatility Index (known as the “VIX”) measures the market’s expectation of volatility over the next 30 days as implied by a weighted strip of S & P 500 Index options. When investors are nervous, options premiums, and therefore the VIX tends to spike, reflecting heightened uncertainty. A very high reading often signals panic […]
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House censures Rep. Al Green for heckling Trump during speech to Congress
Rep. Al Green (D-TX) shouts out as U.S. President Donald Trump addresses a joint session of Congress at the U.S. Capitol on March 04, 2025 in Washington, DC. Win Mcnamee | Via Reuters The House of Representatives voted Thursday to censure Texas Democratic Rep. Al Green for heckling President Donald Trump during the president’s speech […]
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More trifold smartphones are popping up after Huawei’s $3,600 splash
BARCELONA — China’s Huawei isn’t the only smartphone maker adding a third display to its devices. At the Mobile World Congress (MWC) trade show in Barcelona, a number of firms were showing off their display technology innovations. The South Korean tech giant Samsung revealed its new “trifold” concept devices at the event: the Flex G […]
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Family offices rattled by market swings and tariffs
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. While family offices pride themselves on investing for the long term, this week’s tariff volatility and confusion around government […]
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MongoDB plummets 20% as weak outlook overshadows strong quarterly results
Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares cratered more than 20% after the database software maker shared weak guidance that signaled a slowdown in growth. For the fiscal 2026 year, the company said it expects adjusted earnings to range between $2.44 to $2.62 per share and revenue of $2.24 billion to […]
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