In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT A Zoox robotaxi sits outside the company’s large office and warehouse in Las Vegas. Michael Wayland / CNBC LAS VEGAS — This year is expected to be a crucial one for Amazon’s autonomous vehicle unit Zoox, as the company plans to grow its operations and
Month: January 2025
In this article C Follow your favorite stocksCREATE FREE ACCOUNT Citigroup shares jumped Wednesday after fourth-quarter earnings beat estimates on the top and bottom lines, reflecting broad strength across the bank. “2024 was a critical year and our results show our strategy is delivering as intended and driving stronger performance in our businesses. Our net
The Freetrade application on a smartphone and desktop PC. Freetrade LONDON — Freetrade, a British rival to popular stock trading app Robinhood, said Thursday that it’s been acquired by online investing platform IG Group. The deal values Freetrade at £160 million ($195 million) — a 29% discount to its last valuation. The startup said that
Burned cars and homes destroyed by the Eaton Fire are pictured in Altadena, California, on Jan. 9, 2025. Zoe Meyers | AFP | Getty Images California residents affected by recent wildfires may be eligible for a one-time $770 payment from the federal government, President Joe Biden said this week. The money — called serious needs
SpaceX’s mega rocket Starship launches for a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025. Eric Gay | AP SpaceX launched the seventh test flight of its Starship rocket on Thursday, but lost communication with the upper stage of the rocket that continues on into space. The company’s webcast showed data stopped transmitting from Starship about
BlackRock reported better-than-expected earnings Wednesday, lifting shares of the asset management giant higher as it embarks on a pivotal year of expansion into fast-growing markets. Revenue of $5.68 billion in the three months ended Dec. 31 exceeded expectations of $5.49 billion, according to LSEG. Adjusted earnings per share (EPS) of $11.93 topped the consensus estimate
In this article BTC.CB= CBOE Follow your favorite stocksCREATE FREE ACCOUNT Bitcoin should rip higher under President-elect Donald Trump, according to BlackRock’s ETF chief. Samara Cohen, the firm’s ETF and index instruments chief investment officer, thinks cryptocurrency deregulation will “absolutely” propel bitcoin to another historic year. “There will be progress made on… FIT21 [“Financial Innovation
US President Joe Biden speaks during an event in Madison, Wisconsin, US, on Monday, April 8, 2024. Daniel Steinle | Bloomberg | Getty Images The Biden administration announced on Thursday what it described as its final round of student loan forgiveness, clearing over $600 million in debt for thousands of borrowers. The relief will go
In this article JPM GS MS Follow your favorite stocksCREATE FREE ACCOUNT Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O’Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC, and David Solomon, chief
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP) Amber Wang | Afp | Getty Images Taiwan Semiconductor Manufacturing Company‘s fourth-quarter revenue and profit beat expectations, as demand for advanced chips used in artificial
Federal Reserve Governor Christopher Waller said Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting. In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year, with others to follow so long as economic
The devastating wildfires that are ravaging Los Angeles are a stark reminder of how vulnerable older adults can be during disasters. Tragically, some elders who were mobility challenged or who had no transportation to allow them to escape, lost their lives in those fires. This highlights the critical need for proactive disaster preparedness. If your
Manusapon Kasosod | Moment | Getty Images Dub, a platform that allows retail traders to mimic the investments of notable people in business and government, debuted a service Thursday that pays select everyday investors to share their portfolios. Retail traders accepted into Dub’s so-called top creator program will be paid royalties for users to access
I’ve got all the paperwork here Delmaine Donson | E+ | Getty Images More than half of U.S. consumers planned to make a financial resolution for 2025, according to a December poll by Discover Personal Loans. Even if you didn’t ring in the new year with some money goals in mind, it’s not too late
Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. Jonathan Ernst | Reuters As Congress wrestles over President-elect Donald Trump‘s agenda, several key tax provisions are in limbo, including the child tax credit claimed by millions of families. Enacted by
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT Black Friday sale signs are seen at a Target store in Chicago on November 26, 2024, ahead of the Black Friday shopping day. Kamil Krzaczynski | Afp | Getty Images Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and
Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley is set to report fourth-quarter earnings before the opening bell Thursday. Here’s what Wall Street expects: Earnings: $1.70 a share, according to LSEG Revenue: $15.03
In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in Versailles, France, on Monday, May 13, 2024. Cyril Marcilhacy | Bloomberg | Getty Images Bank of America is scheduled to report fourth-quarter earnings before the opening bell Thursday. Here’s
Shoppers pass a Cartier luxury store, operated by Cie. Financiere Richemont SA, in the Galeries Lafayette SA luxury department store in Paris, France. Bloomberg | Bloomberg | Getty Images Cartier owner Richemont on Thursday reported a 10% increase in fiscal third-quarter sales even as China demand weighed, in a positive signal for the health of
In this article IONQ QBTS RGTI QMCO Follow your favorite stocksCREATE FREE ACCOUNT D-Wave Systems Inc. logo of a Canadian quantum computing company is seen on a smartphone screen. Pavlo Gonchar | Lightrocket | Getty Images Quantum computing stocks rallied Wednesday, spurred by a directive from Microsoft urging businesses to get “quantum-ready” in 2025, and
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