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Novavax posts surprise quarterly profit as company prepares to launch new Covid vaccine

Medical syringes and Novavax logo displayed in the background are seen in this illustration photo taken in Krakow, Poland on December 2, 2021.Jak...

Private payrolls surged by 296,000 in April, much higher than expected, ADP says

Hiring at private companies unexpectedly swelled in April, countering expectations for a cooling job market ahead, payroll processing firm ADP re...

Palo Alto shares rise on earnings beat, surprising investors who worried about a Friday report

Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.Adam Galica | CNBCPalo Alto Networks ...

World’s largest chipmaker TSMC sees biggest drop in profit in nearly five years

A man walks past TSMC's logo at the company's headquarters in Hsinchu, Taiwan.Sam Yeh | AFP | Getty ImagesTaiwan Semiconductor Manufacturing Comp...

Business

How airlines are shaving minutes off flight times to save millions

Passengers make their way through the terminal as they travel ahead of the Thanksgiving holiday at Washington Dulles International Airport in Dul...

Salesforce shares jump on better-than-expected earnings report

Marc Benioff, CEO of Salesforce, participates in a conversation on AI and the Future at the Asia-Pacific Economic Cooperation (APEC) Leaders' Wee...

Retailers are shaping a wave of laws to crack down on organized theft — here’s how they do it

This is the final part of a three-part series on organized retail crime. The stories examine the claims retailers make about how theft is impacti...

PGA Tour plans to testify at Senate hearing on LIV merger, but questions remain

PGA Tour logo during the third round of the Travelers Championship on June 24, 2017, at TPC River Highlands in Cromwell, Connecticut.Fred Kfoury ...

Charlie Munger reportedly warns of trouble for the U.S. commercial property market

Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022.David A. Grogan | CNBCCharlie Munger beli...

Labor unions are pushing hard for double-digit raises and better hours. Many are winning

Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023.Michael Wayland / CNB...

Philadelphia Fed President Harker advocates holding interest rates ‘where they are’

Patrick Harker President Federal Reserve Bank of Philadelphia, August 24, 2023.David A. Grogan | CNBCPhiladelphia Federal Reserve President Patri...

Earnings

Macy’s stock pops as inventory, margin improvement help profit beat estimates

Macy's on Thursday topped Wall Street's quarterly expectations, as inventory and margin improvement helped offset a 7% year-over-year decline in ...

Best Buy cuts sales forecast, as holiday shoppers hunt for deals

Abercrombie & Fitch raises outlook after quarterly sales surge 20%

Nordstrom sales come up short, echoing broader retail industry pressures

Latest

Why Warren Buffett wouldn’t have become the greatest investor ever without Charlie Munger

Charlie Munger ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska.David A. Grogan | CNBCWarren Buffett is arguabl...

Here’s what it would take for the Fed to start slashing interest rates in 2024

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023.Valerie Plesch | Bloomberg |...

Salesforce shares jump on better-than-expected earnings report

Marc Benioff, CEO of Salesforce, participates in a conversation on AI and the Future at the Asia-Pacific Economic Cooperation (APEC) Leaders' Wee...

Spirit Airlines offers buyouts to salaried employees to cut costs

A Spirit Airlines plane takes off at Los Angeles International Airport in Los Angeles, June 1, 2023.Mario Tama | Getty ImagesSpirit Airlines is o...

Wells Fargo unveils 2024 target, warns of ‘really, really sloppy’ first half for stocks

Wells Fargo Securities is officially out with its 2024 stock market forecast.Chris Harvey, the firm's head of equity strategy, sees a volatile pa...

U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected

The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing infl...

Best Buy cuts sales forecast, as holiday shoppers hunt for deals

People walk past a Best Buy store in Manhattan, New York City, November 22, 2021.Andrew Kelly | ReutersBest Buy cut its full-year sales outlook T...

Shein files for U.S. IPO as fast-fashion giant looks to expand its global reach

A Shein pop-up store inside a Forever 21 store in Times Square in New York on Nov. 10, 2023.Yuki Iwamura | Bloomberg | Getty ImagesShein has conf...

Chinese electric car giant BYD launches its popular Han sedan in the Middle East

BYD's Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China.Evelyn Cheng | CNBC...

Tech stocks suffer two-day selloff as investors find ‘wrinkle or two’ in Alphabet, Meta earnings

Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping expec...

Abercrombie & Fitch raises outlook after quarterly sales surge 20%

Abercrombie & Fitch.Courtesy: Abercrombie & FitchAbercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in s...

With Black Friday deals and flashy displays, retailers try to convince reluctant shoppers to spend

Target hosted a free "Winter Wonderland" event in New York City to show off the holiday season's hottest toys. It's an example of the extra effor...

Economy

Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says

The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well above expectations, according to ...

Here’s what it would take for the Fed to start slashing interest rates in 2024

The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023.Valerie Plesch | Bloomberg |...

U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected

The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing infl...

Tech stocks suffer two-day selloff as investors find ‘wrinkle or two’ in Alphabet, Meta earnings

Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping expec...

The escalating Israel-Hamas conflict raises risks of global market contagion, economist says

Mohamed Aly El-Erian, chief economic advisor for Allianz SE, during a Bloomberg Television interview in London, UK, on Monday, Sept. 25, 2023. El...

Finance

Goldman Sachs paid pro golfer Patrick Cantlay more than $1 millio...

Admin—November 23, 2023 0

Patrick Cantlay of the United States plays his shot from the 18th tee during the final round of the Workday Charity Open on July 12, 2020 at Muir...

Most Americans tip 15% or less at a restaurant — and some tip nothing, poll finds

November 21, 2023

Fed’s Susan Collins says more rate hikes can’t be taken off the table yet

November 20, 2023

Legendary value investor’s firm launches new fund targeting ‘quality’ stocks

November 19, 2023

Earnings

Nvidia’s revenue triples as AI chip boom continues

Admin—November 23, 2023 0

Nvidia shares moved down 1% in extended trading on Tuesday after the chipmaker reported fiscal third-quarter results that surpassed Wall Street's...

Macy’s stock pops as inventory, margin improvement help profit beat estimates

November 21, 2023

Walmart shares slide as retailer gives a cautious outlook about consumer spending

November 20, 2023

Gap shares surge more than 30% on sales, earnings beat despite muted holiday forecast

November 19, 2023

Economy

‘Funflation’ drives sporting event ticket prices up a...

Admin—November 23, 2023 0

John Brown #16 of the Buffalo Bills celebrates with fans after catching a touchdown pass during the third quarter against the New England Patriot...

UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

November 21, 2023

Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020

November 20, 2023

Ray Dalio says U.S. reaching an inflection point where the debt problem quickly gets even worse

November 19, 2023