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Estee Lauder plans to cut up to 3,000 more jobs, lifts annual profit forecast
American multinational skin care and beauty products brand Estée Lauder’s logo is seen in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images Estee Lauder on Friday raised its annual profit forecast and laid out plans to cut up to 3,000 more jobs globally as it accelerates a broad restructuring plan, sending its shares up […]
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Apple earnings, DHS shutdown, ‘Ozempic breath’ and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. My colleagues and I will be covering Berkshire Hathaway‘s annual meeting tomorrow — its first without Warren Buffett as CEO. You can follow along with our special coverage on TV and online. S&P 500 futures are little changed this morning […]
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CNBC Daily Open: May Day dawns
A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market. Arne Dedert | Picture Alliance | Getty Images Hello, this is Katie Foley, writing to you from London. That eerie […]
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Veeva Systems to join S&P 500 index, replacing Coterra Energy
FILE PHOTO: Veeva Systems Founder and CEO Peter Gassner gives an interview on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Veeva Systems, which sells cloud software to life sciences companies and drugmakers, is joining the S&P 500, becoming the latest tech company to get added to the benchmark. The stock […]
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Apple reports earnings and revenue beat, boosted by services business
Apple CEO Tim Cook holds up a new iPhone 17 Pro during an Apple special event at Apple headquarters in Cupertino, California, Sept. 9, 2025. Justin Sullivan | Getty Images Apple reported earnings and revenue for its fiscal second quarter that topped analysts’ estimates, driven by growth in the company’s services business. The stock was […]
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Tech stocks close out best month since start of Covid pandemic in 2020
Jakub Porzycki | Nurphoto | Getty Images The tech-heavy Nasdaq Composite climbed 15.29% in April, its biggest monthly gain since the start of the Covid pandemic in April 2020. Earnings for big tech this week have boosted the sector, with Alphabet, Amazon and Microsoft all beating expectations for revenue and cloud growth. Alphabet surged 10% […]
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Intel’s stock more than doubles in April for best month in chipmaker’s 55 years on Nasdaq
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel is on a winning streak unlike any since it became one of the first companies to go public on the Nasdaq nearly 55 years ago. The chipmaker’s stock soared 114% […]
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Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand
Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco, April 9, 2019. Michael Short | Bloomberg | Getty Images All three top cloud infrastructure providers surpassed analyst estimates in earnings reports late Wednesday, but Google was the standout, generating its fastest growth rate on record. Google is chasing Amazon […]
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AI boom: Big Tech capital expenditures now seen topping $1 trillion in 2027
Google CEO Sundar Pichai gestures during a meeting with France’s President Emmanuel Macron on the sidelines of the AI Impact Summit in New Delhi on Feb. 19, 2026. Ludovic Marin | Afp | Getty Images Wall Street analysts estimate total AI capital expenditures could now climb above $1 trillion in 2027, following even bigger spending […]
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Apple’s stock has gone nowhere for 6 months. Traders expect a wild ride Thursday night
For a stock that’s gone nowhere for six months, Apple sure has options traders excited. Implied volatility in the stock suggests a 3.5% swing after earnings tonight, compared to an average move of just 1.8% following the last four quarterly reports. For context, among last night’s big four tech reports, Amazon and Microsoft are underperforming […]
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