Year: 2025
The Federal Reserve’s favorite recession indicator is flashing a danger sign again
Eggs are displayed for sale in a Manhattan grocery store on Feb. 25, 2025 in New York City. Spencer Platt | Getty Images An ominous measure that the Federal Reserve considers a near sure-fire recession signal again has reared its head in the bond market. The 10-year Treasury yield passed below that of the 3-month […]
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Stocks making the biggest moves midday: AppLovin, Flywire, Bloomin’ Brands, Advance Auto Parts and more
Check out the companies making headlines in midday trading: General Motors — Shares jumped 5% after the automaker said it would raise its quarterly dividend by 25% to 15 cents per share. GM also initiated a $6 billion share repurchase plan, with $2 billion in buybacks planned for the second quarter. Anheuser-Busch InBev — Shares […]
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Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
The BP logo is displayed outside a petrol station on January 30, 2025 in Warrington, United Kingdom. Nathan Stirk | Getty Images News | Getty Images British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion through 2027 as part of a fundamental strategic reset. The beleaguered […]
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Nvidia reports fourth-quarter earnings after the bell
Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025. Patrick T. Fallon | Afp | Getty Images Nvidia reports fourth-quarter earnings on Wednesday after the bell. […]
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What Cramer wants to hear from Nvidia, Salesforce — plus, Lilly does what no other can
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The broader market rebounded Wednesday, with the S & P 500 and Nasdaq trying to snap their four-day losing streaks. The Dow was on pace for its third straight […]
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Eric Adams seeks total dismissal of criminal case for ‘prosecutorial misconduct’
New York Mayor Eric Adams listens to questions from reporters during a press conference at NYPD’s 40th Precinct on Feb. 20, 2025 in New York City. Michael M. Santiago | Getty Images Attorneys for New York City Mayor Eric Adams asked a federal judge Wednesday for an outright dismissal of his criminal corruption case, citing […]
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Amazon unveils long-awaited Alexa revamped with AI features
Panos Panay from Devices and Services at Amazon speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon on Wednesday announced a long-awaited overhaul of its Alexa digital assistant, and it will charge a monthly subscription fee to access it. The revamped service, which Amazon […]
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AppLovin shares tumble 13% as short sellers question its centerpiece AXON ad software
Sheldon Cooper | Lightrocket | Getty Images Shares of AppLovin tumbled 13% Wednesday as two short-seller reports cast doubt on the integrity of the company’s AI-powered AXON advertising software that helped drive the tech giant to become the top-performing tech stock of 2024. Short seller Fuzzy Panda alleged that the AXON model was “the nexus […]
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Block’s Bitkey rolls out bitcoin inheritance fix for ‘multibillion-dollar problem waiting to happen’
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images For over a decade, bitcoin has been lauded as a revolutionary financial asset — decentralized, self-sovereign and resistant to confiscation — all contributing to an astronomical […]
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German stocks lift European markets higher; Wienerberger jumps 12%
U.S. stocks open higher Wednesday U.S. stocks kicked off Wednesday’s trading session in the green. The S&P 500 added 0.2%, and the Nasdaq Composite gained 0.3%. Meanwhile, the Dow Jones Industrial Average flickered near the flatline. — Hakyung Kim Wolters Kluwer shares slide 10%; CEO announces retirement after 22 years Wolters Kluwer shares tumbled on […]
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