Breaking News: Economy
Stocks making the biggest moves midday: Nvidia, Snowflake, Rolls-Royce and more
Check out the companies making headlines in midday trading. Nvidia – Shares dropped about 3% despite the chipmaker’s fourth-quarter earnings and revenue and current quarter revenue forecast beating analyst estimates. Nvidia’s fourth-quarter gross prfiofit margin declined, and its latest revenue topped foreasts by the smallest amount in two years . EBay – The e-commerce platform […]
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Weekly jobless claims jump to 242,000, more than expected in latest sign of economic softening
Initial filings for unemployment benefits hit their highest level of the year last week in another potential signs of weakness in the labor market. Jobless claims for the week ended Feb. 22 totaled a seasonally adjusted 242,000, up 22,000 from the previous week’s revised level and higher than the Dow Jones estimate for 225,000, according […]
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Trump threatens to slap 25% tariffs on EU, says bloc was always meant to hurt the U.S.
US President Donald Trump holds a cabinet meeting at the White House in Washington, DC, on February 26, 2025. Jim Watson | Afp | Getty Images U.S. President Donald Trump threatened to impose 25% tariffs on imports from the European Union, claiming that the economic and political bloc was formed “to screw” the U.S. On Wednesday, […]
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Stocks making the biggest moves after hours: Nvidia, Snowflake, eBay, Nutanix and more
Check out the companies making headlines in after-hours trading: Snowflake — Shares of Snowflake popped more than 9% on the back of the company’s better-than-expected fourth-quarter report. The data cloud analytics company reported adjusted earnings of 30 cents per share on revenue of $987 million, while analysts surveyed by LSEG expected earnings of 17 cents […]
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World’s largest brewer AB InBev posts fourth-quarter revenue beat even as volumes slide
Budweiser beer in an IGA grocery store in Montreal, Quebec, Canada, on Tuesday, Feb. 4, 2025. Bloomberg | Getty Images The world’s largest brewer AB InBev on Wednesday posted better-than-expected fourth-quarter sales despite an annual decline in volumes. The drinks maker, whose brands include Budweiser, Corona and Stella Artois, reported an 3.4% increase in fourth-quarter […]
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Stocks making the biggest moves premarket: Eli Lilly, Keurig Dr Pepper, Home Depot, Chegg and more
Check out the companies making headlines before the bell. Hims & Hers Health — Shares tumbled 22%. While the telehealth provider posted a fourth-quarter earnings and revenue beat , it said it would no longer be able to sell compounded versions of weight loss drugs after the first quarter. This comes after the Food and […]
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Markets relieved by German election result, but key industries remain mired in uncertainty
Skyscrapers on the skyline in the financial district of Frankfurt, Germany, on Monday, Nov. 4, 2024. Germany Finance Minister Christian Lindner, leader of the free market-leaning FDP, issued a position paper on Friday calling for tax cuts and a slower approach to emissions reductions. Bloomberg | Bloomberg | Getty Images Germany’s election result delivered a […]
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Asia markets open lower as Trump tariffs dent sentiment; Bank of Korea rate decision on tap
South Korea’s export growth slowed in September, with shipments to the United States barely increasing, in an outcome that may support market expectations for an easing of monetary policy as early as next week. Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets opened lower Tuesday after Wall Street fell overnight as Trump tariffs stoke […]
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Stocks making the biggest moves after hours: Hims & Hers Health, Tempus AI, Diamondback Energy and more
Check out the companies making headlines in after-hours trading: Hims & Hers Health — The telehealth stock fell more than 17%. Hims & Hers reported a gross margin of 77% for the fourth quarter, while analysts polled by StreetAccount expected 78.4%. This overshadowed the company’s top- and bottom-line beats for the quarter. Zoom Communications — […]
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Anthropic says it’s released its ‘most intelligent’ AI model yet as competition ramps up
Jaque Silva | Nurphoto | Getty Images As heavily funded startups and tech giants hustle to get any lead they can in artificial intelligence, Anthropic says it’s developed the company’s “most intelligent” AI model yet. The Amazon-backed startup on Monday unveiled Claude 3.7 Sonnet. What makes it unique is its so-called hybrid model, which combines […]
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