business news
Spotify pops 14% on strong user growth, earnings beat
Muhammed Selim Korkutata | Anadolu | Getty Images Spotify‘s stock popped 14% as the music streaming platform added more users and bolstered features in newer markets. Here’s how the company did compared to LSEG estimates. Earnings per share: 4.43 euros vs 2.74 euros expected Revenue: 4.53 billion euros vs 4.52 billion euros expected Revenues in […]
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Yen extends gains after Takaichi election victory, U.S. data in focus
The dollar nursed losses on Tuesday ahead of monthly economic data, while the yen held on to its gains after Prime Minister Sanae Takaichi’s election victory. Irina Marwan | Moment | Getty Images The U.S. dollar extended Monday’s decline against the yen after Prime Minister Sanae Takaichi’s election victory, while remaining little changed against European […]
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Oil gains as traders weigh supply risks linked to US–Iran tensions
Oil prices eased slightly on Tuesday after U.S. guidance for vessels transiting the Strait of Hormuz kept attention on tensions between Washington and Tehran. Aldo Pavan | The Image Bank | Getty Images Oil prices edged up on Tuesday as traders gauged the potential for supply disruptions after U.S. guidance for vessels transiting the Strait of Hormuz […]
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Kalshi says Super Bowl trading volume surpassed $1 billion
Kalshi saw more than $1 billion in trading volume on Super Bowl Sunday, reaching a daily record high, according to CEO Tarek Mansour. That volume was up 2,700% year-over-year, according to the company. The platform allows users to buy event contracts for outcomes in politics, pop culture, financial markets and sports. “It was an incredible […]
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Stocks making the biggest moves premarket: Coca-Cola, CVS Health, Ferrari, Taiwan Semi and more
Check out the companies making headlines before the bell. Taiwan Semiconductor Manufacturing — The semiconductor foundry’s stock rose 3% after the firm posted its highest monthly revenue ever. Its January revenue soared to $401.3 billion New Taiwan dollars, up 37% from the same quarter a year ago, the firm said Tuesday in a statement. Dupont […]
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UBS downgrades U.S. IT sector despite a recovery. It gave 3 reasons why
Key Points UBS downgraded its outlook on U.S. IT stocks on Tuesday, citing lingering “software uncertainty” and increased capital expenditure. The Swiss investment bank’s move comes after a sell-off in software stocks over the past week as investors turn cautious towards the sector. UBS recommended investors diversify exposure to other sectors, including healthcare and utilities. […]
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Republican-led House panel issues subpoenas to eight health insurers: Axios
U.S. Rep. Jim Jordan (R-OH) attends the inauguration of U.S. President-elect Donald Trump at the U.S. Capitol on Jan. 20, 2025 in Washington, DC. Kevin Dietsch | Getty Images House Judiciary Committee Republicans have subpoenaed eight Affordable Care Act health insurers for documents as part of a widening investigation of potential fraud surrounding the use […]
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Coca-Cola earnings, Google’s AI risks, Target layoffs and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Good morning. Fresh off his feature in Salesforce’s Super Bowl ad, MrBeast is getting into banking. The YouTuber, whose real name is Jimmy Donaldson, said Monday that his company Beast Industries acquired the financial services app Step. Stock futures are little changed […]
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Gold ticks lower on increased risk appetite; investors await U.S. economic data
Gold fell on Tuesday as investors stayed cautious ahead of U.S. jobs and inflation data that would indicate the Federal Reserve’s interest rate trajectory. Oliver Strewe | The Image Bank | Getty Images Gold prices eased on Tuesday, as improved risk appetite lifted global equities, while investors awaited a series of U.S. economic data later this week […]
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Coca-Cola earnings beat estimates, as demand for its drinks begins to improve
Cases of Coca-Cola brand soda are stacked at a Costco Wholesale store on November 13, 2025 in Simi Valley, California. Kevin Carter | Getty Images Coca-Cola reported its fourth-quarter earnings before the bell on Tuesday. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Adjusted earnings per share: […]
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