Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images 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…
Initial unemployment claims posted an unexpected increase last week in a potential trouble sign for the wobbling U.S. economy. First-time filings for unemployment insurance totaled 241,000 for the week ending April 26, up 18,000 from the prior period and higher than the Dow Jones estimate for 225,000, the Labor Department reported Thursday. Continuing claims, which…
The logo of McDonald’s (MCD) is seen in Los Angeles, California. Lucy Nicholson | Reuters McDonald’s is expected to report its first-quarter earnings before the bell on Thursday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $2.66 expected Revenue: $6.09 billion expected The fast-food giant, often…
Tesla CEO Elon Musk walks to board Air Force One with U.S. President Donald Trump (not pictured) as they depart for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025. Nathan Howard | Reuters Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street…
Earth and minerals are loaded onto trucks at an open-pit mine near the frontline, despite the threat of bombing by Russian invading forces on February 26, 2025 in Donetsk Region, Ukraine. Pierre Crom | Getty Images News | Getty Images The U.S. and Ukraine have signed a long-awaited minerals deal, providing Washington with preferential access…
CNBC’s Jim Cramer on Wednesday expressed faith in Starbucks CEO Brian Niccol’s ability to execute a turnaround, even though the coffee chain’s quarter missed expectations and failed to impress Wall Street. “This is a case where you simply have to bet on the jockey and remember that he can turn the horse around and make…
President Donald Trump’s top trade advisor Peter Navarro said Wednesday that the White House is moving in “Trump time” as they negotiate a tariff deal with India, “which is to say, as fast as possible.” “In Indian democracy, it’s got to go through the prime minister and the parliament, we can’t just do that, but…
This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo. Drew Angerer | AFP | Getty Images Chinese online retailers have cut back their spending on Facebook and Instagram ads in reaction to President Donald Trump’s tough trade…
The eponymous sign outside Epic headquarters in Verona, Wisconsin. Source: Yiem via Wikipedia CC Epic Systems, the biggest electronic health records (EHR) vendor, notched its largest ever net gain in hospital market share on record in 2024, widening its lead over rival Oracle, according to a report from Klas Research on Wednesday. Epic added a…
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel Orbegozo Manuel Orbegozo | Reuters Meta is continuing to sink billions of dollars a quarter into the metaverse. In its first-quarter earnings report on Wednesday, Meta said…
