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Palantir soars 25% to record high as AI powers strong earnings and guidance
Palantir surged more than 25% on Tuesday to a record high after reporting stronger-than-expected fourth-quarter results and guidance driven by ongoing artificial intelligence gains. The Denver-based software company posted adjusted earnings of 14 cents per share and $828 million in revenue. That topped the 11 cents per share and revenues of $776 million expected by […]
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Palantir shares surge 15% after company posts strong earnings and outlook
Alex Karp, chief executive officer of Palantir Technologies Inc., during a Bloomberg Technology television interview during the FoundryCon event in Palo Alto, California, US, on Thursday, March 7, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares surged more than 15% in extended trading on Monday after the software company reported fourth-quarter earnings […]
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In a switch, Trump approves of the Fed’s decision to hold interest rates steady
U.S. President Donald Trump looks on as he signs an executive order in the Oval Office at the White House in Washington, U.S., Jan. 31, 2025. Carlos Barria | Reuters President Donald Trump agreed with the Federal Reserve for its decision last week to leave interest rates unchanged, an early pivot from his previous demand […]
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Stocks making the biggest moves premarket: General Motors, Constellation Brands, Tyson Foods and more
Check out the companies making headlines before the bell. Stocks moving on tariffs — U.S. stocks reacted to the new 25% tariffs President Donald Trump levied on Saturday on goods from Canada and Mexico, and 10% on China, effective at midnight Monday. Stocks suffering the most included automakers and suppliers, consumer goods makers, clothing companies, […]
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Key Fed measure shows core inflation at 2.8%, in line with expectations
Customers shop for food at a grocery store on Jan. 15, 2025 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank’s target. The personal consumption expenditures price index […]
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OpenAI in talks to raise funding that would value AI startup at up to $340 billion
Key Points OpenAI is in talks to raise new capital at a valuation of up to $340 billion valuation, CNBC has confirmed SoftBank would contribute $15 billion to $25 billion of the roughly $40 billion being invested. OpenAI faces growing competition in the generative artificial intelligence market, including from China’s DeepSeek. Source
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GDP grew at a 2.3% pace in the fourth quarter, less than expected
U.S. economic growth slowed a bit more than expected in the final three months of 2024, the Commerce Department reported Thursday. Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy during the period, showed that the economy accelerated at a 2.3% annualized pace in the fourth quarter. […]
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Fed holds rates steady, takes less confident view on inflation
Key Points The Federal Reserve left unchanged its overnight borrowing rate in a range between 4.25%-4.5%. The decision followed three straight cuts since September 2024. The post-meeting statement offered a somewhat more optimistic view on the labor market while dropping a key reference from the December statement that inflation “has made progress toward” the Fed’s […]
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Stocks making the biggest moves midday: Texas Instruments, Grindr, Twilio and more
Check out the companies making headlines in midday trading. Verizon Communications — The telecom giant saw shares climbing 1.3% after the firm posted its strongest quarterly wireless subscriber growth in five years, boosted by solid demand for its customizable offerings like myPlan. Verizon reported earnings of $1.1 per share last quarter, matching an average estimate […]
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UnitedHealthcare taps company veteran Tim Noel as new CEO following Brian Thompson killing
UnitedHealthcare (UHC) health insurance company signage is displayed on an office building in Phoenix, Arizona on July 19, 2023. Patrick T. Fallon | Afp | Getty Images UnitedHealthcare on Thursday tapped company veteran Tim Noel as its new CEO following the targeted killing of its former top executive, Brian Thompson, in Manhattan in December. Noel […]
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