U.S. economic growth slowed a bit more than expected in the final three months of 2024, the Commerce Department reported Thursday. Gross domestic product, a measure of all the goods and services produced across the sprawling U.S. economy during the period, showed that the economy accelerated at a 2.3% annualized pace in the fourth quarter….
Brinker International CEO Kevin Hochman detailed how his company has improved its Chili’s chain in an interview with CNBC’s Jim Cramer, saying new advertising strategies have helped bring in customers and return the brand to relevancy. “Progressively, every quarter, our results are getting better and better, now they’re being fueled by 19% traffic growth, and,…
An employee places an item in the window display at a delicatessen in the Piazza Campo di Fiori in Rome, Italy, on Tuesday, Dec. 6, 2016. Bloomberg | Bloomberg | Getty Images The euro zone economy saw zero growth in the fourth quarter, flash figures published by the European Union’s statistics agency Eurostat showed Thursday….
A general exterior view of the H&M fashion retail store in Oxford Circus on January 09, 2025 in London, England. John Keeble | Getty Images News | Getty Images Shares of H&M dropped more than 5% on Thursday after the world’s second-largest retailer missed sales forecasts in the fourth quarter despite reporting a slightly better-than-expected…
Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025. Yves Herman | Reuters IBM reported fourth-quarter earnings on Wednesday that topped Wall Street expectations for earnings and revenue. The shares rose as much as 10% in extended trading before giving up…
Musk had previously said in June he was leaning towards supporting DeSantis for president in 2024. Joe Skipper | Reuters Tesla‘s bitcoin holdings led to a big pop in reported net income for the fourth quarter because of a new rule change in how companies account for digital assets. After showing a carrying value of…
OpenAI CEO Sam Altman, accompanied by U.S. President Donald Trump, Oracle CTO Larry Ellison (R), and SoftBank CEO Masayoshi Son (2nd-R), speaks during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Andrew Harnik | Getty Images SoftBank is in talks to invest up to $25…
(L-R) Priscilla Chan, CEO of Meta and Facebook Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty Images Meta CEO Mark Zuckerberg praised the Trump administration…
President Donald Trump, right, speaks as Jerome Powell, Trump’s nominee as chairman of the Federal Reserve, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., Nov. 2, 2017. Olivier Douliery | Bloomberg | Getty Images President Donald Trump on Wednesday slammed Federal Reserve Chair Jerome Powell and the…
A person walks by The Spheres at the Amazon.com Inc. headquarters on November 14, 2022 in Seattle, Washington. David Ryder | Getty Images News | Getty Images Amazon is laying off some employees in its communications and sustainability units, an executive overseeing the divisions announced internally on Wednesday. In a note to staffers viewed by…
