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Alphabet’s Verily to sell Granular insurance business to Elevance Health
Verily headquarters in San Bruno, California. Courtesy: Verily Verily is selling its stop-loss insurance subsidiary, Granular Insurance Company, to the insurance provider Elevance Health, the Alphabet health tech company confirmed to CNBC on Thursday. Verily is one of Google’s sister companies and operates within Alphabet’s “Other Bets” category. The Granular sale is the latest in […]
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Amazon hit by strengthening dollar, underscoring risks in tech to overseas reliance
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on Jan. 20, 2025. Saul Loeb | Via […]
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How one ETF provider is trying to help investors cut exposure to Magnificent 7 stocks
ETF Edge How one ETF provider is trying to help investors cut exposure to Magnificent 7 stocks Published Thu, Feb 6 20257:00 PM EST Krysta Escobar WATCH LIVE Source
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Affirm shares pop more than 10% on revenue beat
Affirm shares jumped more than 10% in extended trading on Thursday after the provider of buy now, pay later loans, reported better-than-expected fiscal second-quarter results. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 23 cents adjusted. That’s not comparable to an expected loss of 15 cents. Revenue: $866 million […]
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Amazon issues disappointing revenue forecast, points to weakest growth on record
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock slipped in extended trading. Here are the numbers: Earnings: […]
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How Calvin Klein and Tommy Hilfiger got caught in Trump’s trade war with China
People shop for clothes at a Calvin Klein store at a mall in Beijing on Feb. 5, 2025. Adek Berry | AFP | Getty Images China has blacklisted the owner of Calvin Klein and Tommy Hilfiger, which could force the company to shut down stores and manufacturing in an early repercussion of President Donald Trump’s […]
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Amazon set to pass Walmart in revenue for first time
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Noah Berger | Getty Images Entertainment | Getty Images Amazon long ago passed Walmart in terms of market cap, but the e-commerce […]
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CNBC Daily Open: Consecutive stock gains signal calm, but heed Fed officials
The seal of the U.S. Federal Reserve Board of Governors near the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Sunday, Jan. 12, 2025. Samuel Corum | Bloomberg | Getty Images If investors were to judge the stability of the economy by looking at the stock market, its two-day winning streak might […]
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Huawei revenue rises at fastest pace since 2016 on the back of consumer segment growth
Huawei launched the Mate 70 series in an event in Shenzhen on November 26, 2024. The phones are the first capable of running Huawei’s new operating system called HarmonyOS NEXT. Huawei BEIJING — Chinese telecommunications and smartphone giant Huawei continues to grow and take market share from Apple, despite U.S. restricting the company’s access to […]
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Qualcomm tops estimates for earnings and revenue on strong smartphone demand
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Qualcomm reported better-than-expected fiscal first-quarter results on Wednesday and issued strong guidance for the current period. Here’s how the chipmaker did versus LSEG consensus estimates for the quarter ending Dec. 29: Earnings per share: $3.41, adjusted, […]
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