Your source for breaking finance news and business headlines from around the globe
Check out the companies making headlines in midday trading: Meta Platforms — Shares of the Facebook parent jumped about 4% after the company beat earnings expectations . Meta signaled ongoing advertising resilience and upped its capital expenditures range to reflect more data center infrastructure investments, even amid macroeconomic uncertainty. The company also issued in-line guidance […]
As he exits his efforts to curtail wasteful government spending, Elon Musk is taking one last shot, calling into question the $2.5 billion Federal Reserve building renovation. In a rare interview with print reporters, the initiator of the Department of Government Efficiency advisory board said the price tag for the central bank operation “sounds high.”
Gold returns are shining — but investors holding gold exchange-traded funds may get hit with an unexpectedly high tax bill on their profits. The Internal Revenue Service considers gold and other precious metals to be “collectibles,” similar to other physical property like art, antiques, stamps, coins, wine, cars and rare comic books. That’s also true
Gold ETF investors may be surprised by their tax bill on profits Read More »
Check out the companies making headlines before the bell. Microsoft — The tech giant jumped nearly 9% after beating Wall Street’s earnings and revenue expectations driven by its Azure cloud business. Microsoft issued strong guidance for the year. Meta Platforms — Shares popped 6% after the social media company reported first-quarter earnings of $6.43 on
Check out the companies making headlines in extended trading. Microsoft — Stock in the technology behemoth climbed more than 6% on the heels of better-than-expected third-quarter results on the top and bottom line. Microsoft earned $3.46 per share on revenue of $70.07 billion, while analysts polled by LSEG were looking for a profit of $3.22
Check out the companies making headlines in midday trading: Etsy — The e-commerce company saw shares tumbling 9%. Etsy Chief Financial Officer Lanny Baker said the company is “staying nimble in the face of uncertainty” around the tariff announcements and “the fluid state of consumer confidence in our core markets. Separately, Etsy posted better-than-expected revenue for
Stocks making the biggest moves midday: Nike, Starbucks, GE HealthCare and more Read More »
For decades, Berkshire Hathaway‘s annual meeting — Warren Buffett’s “Woodstock for Capitalists” — has attracted foreign investors traveling to Omaha, Nebraska, sometimes from thousands of miles away. This year, their international trip has a new wrinkle to it. Xin Jin, a Chinese investor in Guangzhou, wanted to pay his second visit to Omaha this May but
Check out the companies making headlines before the bell. First Solar — The solar panel manufacturer tumbled 13% after First Solar posted first-quarter earnings of $1.95 per share, missing the $2.49 analysts polled by LSEG had penciled in. First Solar also guided for second-quarter and full year earnings that were below expectations. Snap — Shares
DUBAI, United Arab Emirates — Eric Trump has a warning for banks: change the way you operate, or go extinct. “The modern financial system is broken, it’s slow, it’s expensive,” the executive vice president of the Trump Organization told CNBC’s Dan Murphy in Dubai while discussing the United Arab Emirates’ development as a cryptocurrency hub.
Eric Trump: 'If banks don’t watch what’s coming, they’ll be extinct in 10 years' Read More »
British bank Barclays on Wednesday reported slight beats on the top and bottom line in the first quarter, boosted by stronger investment bank performance. Pre-tax profit came in at £2.7 billion ($3.6 billion), up 11% year-on-year and ahead of analyst expectations of £2.49 billion, according to LSEG. Group revenues hit £7.7 billion, above an analyst
