Economy
Stocks making the biggest moves after hours: Palo Alto Networks, Take-Two Interactive and more
Check out the companies making headlines in extended trading. Palo Alto Networks — Shares of the cybersecurity company fell nearly 4%. Palo Alto reported remaining performance obligations — revenue it expects to receive from services yet to be delivered — of $13.5 billion in the fiscal third quarter. That came in slightly below the $13.54 […]
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Noem says Trump can deport who he wants, botches what ‘habeas corpus’ means
Secretary of Homeland Security Kristi Noem testifies during a House Committee on Homeland Security budgetary hearing in Washington, DC on May 14, 2025. Nathan Posner | Anadolu | Getty Images Homeland Security Secretary Kristi Noem said Tuesday that President Donald Trump has an absolute right to deport people without due process, after she incorrectly defined the meaning of the […]
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Stocks making the biggest moves midday: D-Wave Quantum, Moderna, Agilysys, Tesla and more
Check out the companies making headlines in midday trading. D-Wave Quantum — The quantum computing stock surged more than 26% after announcing its latest computing system called Advantage2. Agilysys — The enterprise software developer for the hospitality industry rallied 21% after topping analysts expectations in its latest quarter. Agilysys reported fiscal fourth-quarter adjusted EBITDA of […]
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Stocks making the biggest moves premarket: Home Depot, Amer Sports, Viking Holdings & more
Check out the companies making headlines in premarket trading. Home Depot — The home improvement retailer gained 2.4% after it stuck by its guidance for the full year . CFO Richard McPhail also told CNBC Home Depot doesn’t plan to increase prices due to tariffs. Viking Holdings — Shares of the cruise line fell 5.6% […]
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Chinese businesses stick to diversifying away from the U.S. despite trade truce, survey shows
Vessels carrying shipping containers sail near Kwai Tsing Container Terminal in Hong Kong, China, April 23, 2025. Tyrone Siu | Reuters The intense trade war with the U.S. has left lasting scars on Chinese exporters with many looking to diversify away from the U.S., despite the temporary tariff reprieves, a private survey found. Based on […]
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The most common travel scams in 9 global cities
The travel industry is one of the sectors most susceptible to fraud, with scams rising 18% during the summer peak season and 28% in the winter peak season in 2024, according to a new report. The report, published last Tuesday by the Mastercard Economics Institute, showed that fraud related to travel agency and tour company […]
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Stocks making the biggest moves midday: UnitedHealth Group, Tesla, Alibaba and more
Check out the companies making headlines in midday trading. UnitedHealth — The health insurer’s stock popped roughly 7% as investors scooped up shares of the beaten-down name, which lost 23% last week. UnitedHealth had suspended its 2025 guidance, announced that its CEO is stepping down and is reportedly the subject of a U.S. Department of […]
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China says U.S. undermined trade talks with Huawei chip warning
U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, and Chinese Vice Premier He Lifeng, prepare to discuss on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via Reuters […]
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30-year Treasury passes 5% after Moody’s downgrades U.S. credit rating
U.S. Treasury yields spiked on Monday after Moody’s downgraded the U.S.’ credit rating, citing fiscal concerns. At 4:46 a.m. ET, the 30-year Treasury yield was up over 10 basis points to 5.021%. The 10-year yield also rose 10 basis points to reach 4.542%. Meanwhile, the 2-year Treasury yield was up over 2 basis points, reaching 4%. One basis point […]
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Japan’s Ishiba rules out tax cuts funded by debt issuance
Japan’s prime minister, Shigeru Ishiba. Bloomberg | Bloomberg | Getty Images Japan will not resort to tax cuts funded by additional debt issuance, Prime Minister Shigeru Ishiba said on Monday, pushing back against political pressure to loosen fiscal policy ahead of an upper house election slated for July. “Japan is seeing interest rates turn positive and its fiscal state is not good,” Ishiba told parliament, […]
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