business news
Chinese chipmaker SMIC shares fall nearly 7% after earnings miss
A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. Vcg | Visual China Group | Getty Images Shares of Semiconductor Manufacturing International Corporation, China’s largest contract chip maker, fell nearly 7% Friday after its first-quarter earnings missed estimates. After trading on […]
Read More
China’s shipments to U.S. plunge 21% in April while overall exports surge, beating estimates
A China Shipping cargo container sits stacked at the Port of Long Beach in Long Beach, California on April 10, 2025. Patrick T. Fallon | Afp | Getty Images China’s exports surged in April even as shipments to the U.S. plunged as businesses bore the brunt of prohibitive U.S. tariffs that kicked in last month. […]
Read More
Asia-Pacific stocks trade mixed as investors await China trade data
The view of Nanjing Road East Pedestrian Mall, the main shopping street in Shanghai. Bruce Yuanyue Bi | The Image Bank | Getty Images Asia-Pacific markets were mixed Friday as investors awaited China’s April trade data amid worries of a significant slowdown in exports growth due to U.S tariffs. Economists polled by Reuters estimate outbound […]
Read More
CNBC Daily Open: Wall Street cheered U.S.-UK trade deal — London market, not really
Britain’s Prime Minister Keir Starmer speaks on the phone to U.S. President Donald Trump at a car factory in the West Midlands, Britain, Thursday, May 8, 2025. Alberto Pezzali | Via Reuters The U.K. is the first country to seal a trade deal with the U.S. Cue the jubilations. And investors certainly did, giving the […]
Read More
Trump elevates Marco Rubio as a potential successor — and as a 2028 rival to Vance
As President Donald Trump tiptoed away this week from the idea that he might try to win a third term, he opened the door to a fresh round of intrigue: Whom does he see as his successor? In practically the same breath in an interview with NBC News’ “Meet the Press,” Trump suggested national security adviser and Secretary […]
Read More
Stock futures are flat following rally on U.S.-UK trade deal framework: Live updates
Traders work on the floor of the New York Stock Exchange on Feb. 13, 2025. Danielle DeVries | CNBC Stock futures hovered near the flatline on Thursday, with investors hoping that the U.S.- United Kingdom trade deal framework is the beginning of more progress to come. Futures tied to the Dow Jones Industrial Average fell […]
Read More
Coinbase shares fall after first-quarter revenue misses Wall Street estimates
A smartphone with the Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this photo taken June 8, 2023. Dado Ruvic | Reuters Coinbase shares fell as first-quarter revenue came in shy of Wall Street’s expectations, despite the growth in stablecoin revenue. In the quarter ended March 31, Coinbase earned $65.6 million, […]
Read More
Stocks making the biggest moves after hours: Affirm, Coinbase, Pinterest and more
Check out the companies making headlines in extended trading. Affirm — Stock in the buy now, pay later company pulled back nearly 8%. Affirm issued fiscal fourth- quarter revenue guidance ranging between $815 million and $845 million, with a midpoint of $830 million. That’s short of the consensus estimate of $841 million, per LSEG. Pinterest […]
Read More
Pinterest shares rise 15% on better-than-expected guidance
Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024. Brendan McDermid | Reuters Pinterest shares rose 15% in extended trading Thursday after the company reported first-quarter earnings and provided better-than-expected guidance. Here’s how the company did, compared to analysts’ consensus estimates from LSEG: Revenue: $855 […]
Read More
Celsius CEO Alex Mashinsky sentenced to 12 years in multi-billion-dollar crypto fraud case
Alex Mashinsky, former chief executive officer of Celsius Network Ltd., arrives at court in New York, US, on Thursday, May 8, 2025. Yuki Iwamura | Bloomberg | Getty Images Alexander Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud, a […]
Read More