Brian Chesky, co-founder and CEO of Airbnb Inc., during a news conference in Los Angeles on May 1, 2024. Eric Thayer | Bloomberg | Getty Images Airbnb shares surged 14.5% and notched their best day ever after the company reported stronger-than-expected fourth-quarter earnings. The stock debuted on the Nasdaq in December 2020, and its sharpest…
Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre on June 16, 2023 in Paris, France. Chesnot | Getty Images Dell shares rose 4% on Friday following a report from Bloomberg that Elon Musk’s…
Danielle Sassoon, assistant US Attorney for the Southern District of New York, left, arrives at court in New York, US, on Thursday, March 28, 2024. Yuki Iwamura | Bloomberg | Getty Images A seventh federal prosecutor resigned Friday over the Department of Justice‘s controversial order to dismiss criminal corruption charges against New York Mayor Eric…
European Commission President Ursula von der Leyen speaks during the 61st Munich Security Conference on February 14, 2025 in Munich, Germany. International defence and security leaders from around the world are gathering for the February 14-16 conference. Sean Gallup | Getty Images News | Getty Images Failure to secure a “just and lasting peace” for…
Stock picking looks easy, but the numbers prove it isn’t. S&P Global reports that after one year, 73% of active managers underperform their benchmarks. After five years, 95.5% of active managers miss the mark. After 15 years, nobody outperforms. That is not going to change, according to Charles Ellis, a veteran investment industry figure and believer in the…
President Donald Trump’s steel and aluminum tariffs could slow data center growth by exacerbating the shortage of key components in the electric grid, according to a leading commodity analyst at Carlyle. Big Tech missed Wall Street expectations for their cloud segments last week due in part to a shortage of transformers, said Jeff Currie, chief…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks rose Thursday, shrugging off the latest inflation and tariff headlines. Despite a hotter-than-expected January producer price index, which followed a hot consumer price index…
A Hermes Birkin bag in a window display at a KaDeWe department store in Berlin, Germany, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg | Getty Images Haute couture fashion house Hermes on Friday reported a better-than-expected jump in fourth-quarter sales, proving still strong demand for the most exclusive products in an otherwise turbulent luxury…
Thomas Fuller | Lightrocket | Getty Images Airbnb shares jumped 15% in extended trading on Thursday after the company reported fourth-quarter earnings and revenue that beat analysts’ estimates. Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 73 cents vs. 58 cents expected Revenue: $2.48 billion vs….
China’s pain threshold for tariffs is “a lot lower” than the U.S.’, according to Stephen Moore, a former economic advisor to U.S. President Donald Trump. Speaking at a Delivering Alpha event in Dubai, Moore said that China was Trump’s main target regarding tariffs. He described the foreign economic policy as a “negotiating tool” from the…
