business news
Pinterest shares pop 8% as activist Elliott Management takes $1 billion stake
Bill Ready, CEO, Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Pinterest‘s stock jumped 8% after activist investor Elliott Investment Management made a $1 billion investment in the social media company. The company […]
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Versant debut earnings report shows continued pay TV pressure, digital growth
Versant Media Group, the newly minted spinout of TV networks and digital assets from Comcast, released its first earnings report on Tuesday. The company reported full-year revenue of roughly $6.69 billion for 2025, down 5% from the prior year. Versant is reporting a breakdown of its earnings from its final year under the ownership of […]
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Stocks making the biggest moves premarket: Target, Best Buy, On Holding, MongoDB & more
Check out the companies making headlines before the bell: Target — The big box retailer jumped more than 3% on better-than-expected earnings for the fourth quarter. Target earned an adjusted $2.44 per share, which topped the $2.16 per share analysts polled by LSEG were anticipating. Revenue of $30.45 billion came in just below consensus. Best […]
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Best Buy’s holiday sales disappoint, but retailer shows progress in growing profits
Sign at the main entrance to a Best Buy store in Venice, Florida. Erik McGregor | Lightrocket | Getty Images Best Buy posted mixed results on Tuesday as the retailer’s holiday-quarter sales declined and came in below Wall Street’s expectations, but its earnings topped estimates as it showed improved profitability. For the current fiscal year, […]
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Europe — told of Iran strikes just ‘minutes’ before they started — struggles to be heard as war escalates
A plume of smoke rises after a strike in Tehran, Iran, Monday, March 2, 2026. Mohsen Ganji | AP When the U.S. and Israel struck Iran on Saturday morning, “very few” people in Europe were told beforehand that the airstikes were about to begin, a senior lawmaker in the bloc told CNBC. “Very few people […]
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Oil supertanker rates hit all-time high as insurers drop war risk protection in the Middle East
Commercial ships anchor off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai on March 2, 2026. Stringer | Anadolu | Getty Images Oil supertanker costs in the Middle East climbed to their highest level on record as conflict between the U.S. and Iran disrupts shipping through […]
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Swiss sneaker maker falls 11% after record sales, as guidance falls short of expectations
The Roger models, named after former tennis player and company investor Roger Federer, are displayed in a shop of Swiss shoemaker On in Zurich, Switzerland, Aug. 28, 2025. Denis Balibouse | Reuters Swiss sneaker maker On Holding is down 11% in premarket trading, despite issuing guidance for another year of strong growth and reporting record […]
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What to expect from the UK’s budget update, the Spring Statement
Britain’s Chancellor of the Exchequer Rachel Reeves speaks during the World Economic Forum (WEF) annual meeting in Davos on January 20, 2026. The World Economic Forum takes place in Davos from January 19 to January 23, 2026. Fabrice Coffrini | Afp | Getty Images As the U.K.’s Finance Minister Rachel Reeves prepares to give an […]
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European markets set to slide at the open as geopolitical risks rise
A plume of smoke rises after a strike in Tehran, Iran, Monday, March 2, 2026. Mohsen Ganji | AP LONDON — European stocks are expected to open firmly in negative territory on Tuesday as the geopolitical crisis in the Middle East continues to weigh on global market sentiment. The U.K.’s FTSE index is seen opening […]
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Qualcomm CEO sees robotics as a ‘larger opportunity’ within 2 years
Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan, May 19, 2025. Ann Wang | Reuters BARCELONA, Spain — Robotics will become a “larger opportunity” for Qualcomm within the next two years, CEO Cristiano Amon told CNBC, as the chip giant continues its foray into areas beyond the smartphone. In January, […]
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