Nicolai Tangen, CEO of Norges Bank Investment Management, at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Stefan Wermuth | Bloomberg | Getty Images Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a…
A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024. Peter Boer | Bloomberg | Getty Images Dutch semiconductor giant ASML on Wednesday reported a big jump in fourth-quarter net bookings, suggesting strong demand for its advanced chipmaking tools even as DeepSeek’s low-cost model raises concerns…
Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31, 2024. CNBC Starbucks announced another stage in its leadership shake-up on Tuesday, as CEO Brian Niccol will bring in two more executives who spent time at his former employer Taco Bell while dividing key leadership roles. “As we focus on our ‘Back to Starbucks’…
In a Tuesday interview with CNBC’s Jim Cramer, Nucor CEO Leon Topalian expressed optimism about what President Donald Trump’s tariff policies mean for the U.S. steel industry. “We saw the memo last Monday on tariffs and what they’re going to do,” Topalian said. “And I think they’re going to be far reaching, and I think…
Qorvo logo of a US semiconductor company is seen displayed on a smartphone and pc screen. Sopa Images | Lightrocket | Getty Images Shares of semiconductor supplier Qorvo, which counts on Apple for an outsized amount of revenue, plunged in extended trading after the company warned of potentially flat sales to its “largest customer.” Qorvo’s…
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty Images Embattled genetic testing company 23andMe said on Tuesday that it’s started exploring strategic alternatives for a second time, which could include a…
U.S. President Donald Trump speaks on the day he signs documents as he issues executive orders and pardons for January 6 defendants in the Oval Office at the White House on Inauguration Day in Washington, U.S., Jan. 20, 2025. Carlos Barria | Reuters A federal judge on Tuesday paused until next week the implementation of…
FILE PHOTO: A rally against Medicaid cuts in front of the U.S. Capitol on June 6, 2017. Bill Clark | CQ-Roll Call, Inc. | Getty Images Medicaid reimbursement portals were down Tuesday in every U.S. state on the heels of a funding freeze ordered by the Trump administration of federal grants and loans, a senator…
First Lady Melania Trump laughs as she watches US President Donald Trump cut with a saber into a cake representation of the new Air Force One design during the Commander-In-Chief inaugural ball at the Walter E. Washington Convention Center in Washington, DC, on Jan. 20, 2025. Patrick T. Fallon | AFP | Getty Images Boeing…
Elon Musk’s social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by Visa. X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account, CEO Linda Yaccarino announced in a post on…
