business news
Trump orders Pentagon to buy power from coal plants
US President Donald Trump speaks at a “Champion of Coal” event at the White House in Washington, DC, on Feb. 11, 2026. Saul Loeb | AFP | Getty Images President Donald Trump on Wednesday ordered the Defense Department to purchase power from coal plants, his latest effort to revivte an industry that has struggled to […]
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Cisco’s stock drops 7% on mediocre forecast even as earnings and revenue top estimates
Cisco CEO Chuck Robbins appears at the World Economic Forum in Davos, Switzerland, on Jan. 21, 2026. Krisztian Bocsi | Bloomberg | Getty Images Cisco reported better-than-expected quarterly results on Wednesday, but the stock dropped about 7% in extended trading as earnings guidance for the current period only met estimates. Here’s how the company did […]
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Instagram chief likens social media addiction to being hooked on a Netflix show in trial testimony
Instagram CEO Adam Mosseri testifies at a U.S. Senate hearing in Washington, D.C., on Dec. 8, 2021. Brendan Smialowski | AFP | Getty Images Instagram chief Adam Mosseri said Wednesday during testimony in a high-profile social media trial that he thinks there can be problematic usage of social media, but does not think it constitutes […]
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Stocks making the biggest moves after hours: Cisco Systems, McDonald’s, AppLovin and more
Check out the companies making headlines after hours. Cisco Systems — The maker of networking hardware such as switches and routers dropped about 7% after posting non-GAAP gross margin of 67.5%, a little below the 68.1% estimate, according to LSEG. Otherwise, Cisco posted second-quarter results that exceeded estimates on the top and bottom lines. The […]
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Novo Nordisk faces a defining year in the obesity drug market. It’s off to a dramatic start
Mike Doustdar, CEO of Novo Nordisk, speaks in the Oval Office during an event about weight loss drugs at the White House, Nov. 6, 2025. Andrew Caballero-Reynolds | Afp | Getty Images Novo Nordisk entered 2026 with the momentum of a historic year in more ways than one — but recent weeks have delivered more […]
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Musk announces xAI re-org following co-founder departures, SpaceX merger
Elon Musk, chief executive officer of Tesla Inc., during the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 22, 2026. The annual Davos gathering of political leaders, top executives and celebrities runs from Jan. 19-23. Photographer: Krisztian Bocsi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SpaceX CEO Elon Musk on Wednesday […]
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These funds protect against market drops. Demand is booming
Investors seeking protection from market losses have piled into buffer exchange-traded funds — and that demand is expected to continue. The products, also known as defined-outcome ETFs, use options contracts to provide some buffer against market losses. However, they come at a cost: The average fee in 2025 was 75 basis points annually, according to […]
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Why the largest U.S. auto dealer isn’t interested in Chinese cars — for now
Nio cars are seen displayed at Nio House, at the Chinese electric vehicle (EV) maker’s manufacturing hub in Hefei, Anhui province, China April 2, 2025. Florence Lo | Reuters DETROIT — The largest U.S. auto dealer isn’t interested in selling vehicles from China-based brands domestically right now, its CEO said Wednesday. But it’s not necessarily […]
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Epstein files: Yale bars David Gelernter from teaching classes amid review of emails
Professor David Gelernter sits in his office at Yale University in New Haven, Conn., on Aug. 28, 1997. Brad Clift | Hartford Courant | AP Yale University said Wednesday that it has barred Prof. David Gelernter from teaching computer science classes, for now, as the university conducts a review of his contacts with Jeffrey Epstein, […]
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Ray-Ban maker EssilorLuxottica says it more than tripled Meta AI glasses sales in 2025
Meta Ray-Ban Gen 2 AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images EssilorLuxottica‘s more than tripled its Meta artificial intelligence glasses sales last year, the Ray-Ban maker said on Wednesday in its fourth-quarter results. The French-Italian eyewear brand […]
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