business news
Shares of Australian biotech major CSL plunge to 8-year low after CEO departure, weak earnings
CSL employees. William West | AFP | Getty Images Shares of Australian biotech firm CSL plunged to an 8-year low Wednesday after it announced the exit of Paul McKenzie as chief executive officer, and posted weak earnings for the first half of its fiscal year. Shares fell 17% to 151.3 Australian dollars, their lowest since […]
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Astera Labs shares sink 10% as revenue comes up short of some expectations
Astera Labs reported fourth-quarter earnings that beat on top and bottom lines, but shares plunged as much as 10% as revenue came short of some analysts’ expectations. Here’s how the artificial intelligence infrastructure and semiconductor company did compared to LSEG consensus estimates: Earnings per share: 58 cents vs. 51 cents expected Revenue: $271 million vs. […]
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Amazon gets FCC approval to launch 4,500 Leo internet satellites
Amazon Leo Satellite Connectivity signage is displayed during the annual Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2026. Patrick T. Fallon | Afp | Getty Images The Federal Communications Commission said Tuesday it approved Amazon’s request to deploy 4,500 satellites, expanding the company’s planned constellation as it vies to compete with […]
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Moderna says FDA refuses to review its application for experimental flu shot
A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty Images The Food and Drug Administration has refused to start a review of Moderna‘s application for its experimental flu shot, the company announced Tuesday, in another sign of the […]
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Crypto’s ‘age of speculation’ may be over, says Galaxy CEO Mike Novogratz
Key Points Bitcoin is down more than 21% so far this year, and nearly 50% from its peak in October. Galaxy CEO Mike Novogratz said crypto’s “age of speculation,” where investors expected outsized returns, may be ending as more risk-adverse players enter the sector. “It’s going to be real world assets with much lower returns,” […]
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Lyft stock falls 15% on disappointing fourth-quarter results, rider numbers
Lyft‘s stock tumbled 15% in extended trading on Tuesday after the ride-sharing company posted disappointing fourth-quarter results. Here how the company did versus LSEG estimates: Earnings per share: Not comparable Revenue: $1.59 billion vs. $1.76 billion Revenue grew 3% from a year ago. Bookings grew 19% year over year to $5.07 billion, which was in […]
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Senate Leader Thune throws cold water on filibuster change in push for voter-ID bill
Senate Majority Leader John Thune, R-S.D., on Tuesday dashed a push from President Donald Trump and his allies to amend the Senate filibuster rule to speed passing controversial voter-identification legislation. The SAVE America Act, which was introduced in January, would require voters to prove their citizenship to register to vote in federal elections and would […]
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Ford reports worst quarterly earnings miss in four years, guides for better 2026
2026 Ford Mustang Dark Horse SC on display during the Media Preview of the 2026 Chicago Auto Show at McCormick Place on February 6, 2026, in Chicago, Illinois. Jacek Boczarski | Anadolu | Getty Images DETROIT – Ford Motor reported its largest quarterly earnings miss in four years in its fourth-quarter results released Tuesday, while […]
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Vatican Bank makes first foray into equity indexes, setting stage for potential ETF launches
Key Points The Vatican Bank launched on Tuesday two equity indexes tracking stocks that it said are consistent with Catholic ethical principles. Its Eurozone fund includes semiconductor supplier ASML Holding and telecommunications company Deutsche Telekom, while the US-based index holds Meta and Amazon, among other stocks. The debut sets up the possibility of licensing […]
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Bitcoin plunge: Bitwise CIO cites ‘the four-year cycle’ as No. 1 reason for losses
ETF Edge Bitcoin plunge: Bitwise CIO cites ‘the four-year cycle’ as No. 1 reason for losses Published Tue, Feb 10 20262:58 PM ESTUpdated 6 Min Ago Blair Bao WATCH LIVE Source
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