Breaking News: Economy
Airbnb issues disappointing revenue guidance for second quarter
Airbnb CEO Brian Chesky appears at “The Game Plan: Strategies for Entrepreneurs” at Airbnb Open in Los Angeles on Nov. 19, 2016. Kurt Krieger – Corbis | Getty Images Entertainment | Getty Images Airbnb reported results for the first quarter that were mostly in line with estimates, but the company issued a disappointing revenue forecast […]
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Weekly jobless claims surge to 241,000, more than expected, in latest sign of economic trouble
Initial unemployment claims posted an unexpected increase last week in a potential trouble sign for the wobbling U.S. economy. First-time filings for unemployment insurance totaled a seasonally adjusted 241,000 for the week ended April 26, up 18,000 from the prior period and higher than the Dow Jones estimate for 225,000, the Labor Department reported Thursday. […]
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U.S. Chamber of Commerce asks Trump for tariff exclusions to ‘stave off a recession’
The U.S. Chamber of Commerce is urging the Trump administration to immediately implement a “tariff exclusion process” in order to keep the U.S. economy from falling into a recession and inflicting “irreparable harm” on small businesses. In a letter first obtained by CNBC, the massive business lobbying group asked key Trump trade officials to automatically […]
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Trump calls China the ‘chief-ripper-offer’ on trade, with no sign of direct talks
US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on April 30, 2025. Jim Watson | Afp | Getty Images President Donald Trump on Wednesday called China the leading candidate for the “chief-ripper-offer” on trade, and tried to downplay the possible economic impacts of […]
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White House moving ‘as fast as possible’ on India trade deal, Navarro says
President Donald Trump’s top trade advisor Peter Navarro said Wednesday that the White House is moving in “Trump time” as they negotiate a tariff deal with India, “which is to say, as fast as possible.” “In Indian democracy, it’s got to go through the prime minister and the parliament, we can’t just do that, but […]
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Airbus beats first-quarter forecasts, maintains targets
Employees work on a Rolls-Royce Trent 7000 engine for an Airbus SE A330neo aircraft at the Safran SA plant in Colomiers, France, on March 25, 2025. Bloomberg | Bloomberg | Getty Images Europe’s Airbus posted stronger-than-expected revenues and core profit for the first quarter and reaffirmed targets for the year, while stressing it was too early to […]
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Stocks making the biggest moves midday: Nike, Starbucks, GE HealthCare and more
Check out the companies making headlines in midday trading: Etsy — The e-commerce company saw shares tumbling 9%. Etsy Chief Financial Officer Lanny Baker said the company is “staying nimble in the face of uncertainty” around the tariff announcements and “the fluid state of consumer confidence in our core markets. Separately, Etsy posted better-than-expected revenue for […]
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Trump trade advisor Navarro brushes off GDP drop: ‘We really like where we’re at now’
White House trade advisor Peter Navarro brushed off concerns Wednesday about the unexpected drop in U.S. gross domestic product last quarter, saying, ‘We really like where we’re at now,” and pointing to a surge in new domestic investment. “I got to say just one thing about today’s news, that’s the best negative print I have ever […]
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Snap sinks 15% after withholding guidance, citing ad concerns
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Snap shares fell more than 15% Wednesday after the social media company withheld second-quarter guidance due to the uncertain macroeconomic environment. […]
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Private payroll growth slowed to 62,000 in April, well below expectations
Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump’s tariffs against U.S. trading partners, ADP reported Wednesday. Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, amid heightened uncertainty over the degree of the tariffs and the impact they would have […]
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