business news
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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Tariff revenue soars more than 300% as U.S. awaits Supreme Court decision
A cargo ship is loading and unloading foreign trade containers at Qingdao Port in Qingdao, Shandong Province, China, Jan. 13, 2026. Cfoto | Future Publishing | Getty Images The U.S. government in January ran up a smaller deficit than a year ago, while tariff collections surged and provided a reminder of how pivotal a long-awaited […]
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Tech investor Orlando Bravo says most software companies don’t have enough profit
Thoma Bravo co-founder Orlando Bravo on Wednesday said software stocks are “oversold” and the sector is being pulled down by a lack of profits. “Most of these 300 publicly traded software companies, they don’t have enough profits,” he told CNBC’s “Money Movers.” “They trade as a multiple of revenue, and that’s very, very dangerous.” Thoma […]
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McDonald’s is about to report earnings. Here’s what to expect
A McDonald’s cheeseburger, fries, and soda arranged in Celina, Texas, US, on Tuesday, Sept. 2, 2025. Jake Dockins | Bloomberg | Getty Images McDonald’s is expected to report its fourth-quarter earnings after the bell on Wednesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $3.05 expected […]
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David Einhorn says the Fed will cut ‘substantially more’ than two times. So he’s betting big on gold
Key Points David Einhorn of Greenlight Capital anticipates the Federal Reserve will cut more than twice in 2026, which is what traders have priced in. Einhorn owns gold and Secured Overnight Financing Rate, or SOFR, futures. Gold has seen massive gains in recent years, though it faced some pressure last month following President Donald Trump’s […]
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Meta launches AI algorithm personalization feature for Threads
In this photo illustration, the Threads logo is displayed on a cell phone in Rio de Janeiro, Brazil, on September 4, 2024. Mauro Pimentel | AFP | Getty Images Meta on Wednesday debuted an AI feature called “Dear Algo” that lets Threads users personalize their content-recommendation algorithms. Threads users will be able to tell the […]
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Stocks making the biggest moves midday: Acadia Healthcare, Vertiv, Moderna, Unity Software, Generac & more
Check out the companies making headlines in midday trading: Acadia Healthcare — The health-care stock popped 10% after investor David Einhorn told CNBC that he has been buying the stock. The Greenlight Capital fund manager said he’s hopeful the company’s new management will be able to improve its performance. Vertiv — The provider of data […]
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Here are the five key takeaways from the January jobs report
Jobseekers speak with recruiters past event signage during the WorkSource North Seattle Career Fair in Seattle, Washington, US, on Tuesday, Feb. 10, 2026. David Ryder | Bloomberg | Getty Images The January nonfarm payrolls report beat Wall Street expectations in both job creation and the unemployment rate. Here are the top five takeaways: From a […]
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Investor Einhorn said he bought Peloton again on this latest dip. Here’s what else he’s buying
Hedge fund manager David Einhorn said he bought Peloton Interactive after its latest dip, along with some other bets. The Greenlight Capital founder said investors have overreacted to Peloton’s latest earnings results, after the connected fitness company’s worse-than-expected holiday quarter caused the connected fitness stock to plunge 26% on Thursday. The poor results added to […]
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Prediction markets head into basketball season on a high from Super Bowl
A basketball finds nothing but net during practice before a 2024 NCAA Tournament game at PPG Paints Arena in Pittsburgh. Charles LeClaire | Reuters Prediction markets saw strong results from the Super Bowl, but it was just an appetizer for a banquet of sporting events in 2026 that are expected to drive surging volumes in […]
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