business news
Germany’s Merz says he agreed to boost cooperation with White House on trade issues
U.S. President Donald Trump and German Chancellor Friedrich Merz hold a meeting in the Oval Office at the White House on June 05, 2025 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images Chancellor Friedrich Merz on Thursday said Germany, Europe’s largest economy, was ready to take over a greater leadership role on future trade agreements […]
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CNBC Daily Open: Trump’s relationships can send markets roiling
US President Donald Trump and Tesla CEO Elon Musk speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Developments from the White House are growing more exciting and unpredictable than […]
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Omada Health prices IPO at $19 per share, in middle of expected range
Omada Health virtual health program. Courtesy: Omada Health Omada Health priced its IPO at $19 per share on Thursday, in the middle of the expected range. The virtual chronic care company said in a press release that 7.9 million shares are being sold in the offering, amounting to $150 million. Omada, founded in 2012, will […]
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Asia-Pacific markets set to open mixed as investors digest Trump-Xi call
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 set to trade mixed Friday as investors assessed the phone call between U.S. President Donald Trump and Chinese President Xi Jinping. Trump and Xi spoke on Thursday and […]
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Harvard files legal challenge to Trump’s effort to block visas for international students
Cambridge, MA – May 28: Soon to be graduates take photos after Harvard University’s Class Day ceremony on May 28, 2025. Brett Phelps | Boston Globe | Getty Images Harvard University on Thursday filed a legal challenge to President Donald Trump’s efforts to block visas for foreign students planning to attend the Ivy League college. “Singling out […]
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S&P 500 futures are little changed ahead of May jobs report: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE), on the day of Circle Internet Group’s IPO, in New York City, U.S., June 5, 2025. Brendan McDermid | Reuters Stock market futures were mostly calm on Thursday evening ahead of a key jobs report that is expected to shed light on the […]
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Musk’s feud with Trump and exit from DOGE are really bad for Dogecoin
Idrees Abbas | Lightrocket | Getty Images It’s been a bad week for DOGE. And a really bad week for dogecoin. The meme coin, which gained popularity in part because Elon Musk once dubbed it “the people’s crypto,” fell about 10% on Thursday and is down 22% over the past week. That drop corresponds with […]
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Walmart plans to expand drone deliveries to three more states
Walmart is bringing drone deliveries to three more states. On Thursday, the big-box retailer said it plans to launch the speedier delivery option at 100 stores in Atlanta, Charlotte, Houston, Orlando and Tampa within the coming year. With the expansion, Walmart’s drone deliveries will be available in a total of five states: Arkansas, Florida, Georgia, […]
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Stocks making the biggest moves after hours: Lululemon, Docusign, Tesla and more
Here are the stocks making headlines in after hours trading on Thursday. Lululemon — The apparel stock slumped 20% after earnings guidance came in below expectations. Lululemon projected second-quarter earnings per share of $2.85 to $2.90 per share. Analysts surveyed by LSEG were looking for $3.29 per share. Lululemon also cut its full-year earnings guidance. […]
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Broadcom beats on earnings and revenue
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images Broadcom reported second-quarter earnings on Thursday that beat Wall Street expectations, and the chipmaker provided robust guidance for the current period. Here’s how the chipmaker did versus LSEG consensus estimates: Earnings per share: […]
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