A model of an UltraFan on the Rolls-Royce Holdings Plc stand on day two of the Farnborough International Airshow in Farnborough, UK, on Tuesday, July 23, 2024. Bloomberg | Bloomberg | Getty Images British aerospace group Rolls-Royce on Thursday posted stronger-than-expected full-year earnings, upgraded its mid-term guidance and declared a £1 billion ($1.27 billion) share…
From its $1.50 hot dog combo to its $4.99 rotisserie chicken, Costco is known for the great deals it offers customers. But the wholesale chain’s focus on value appeals to more than just budget-conscious shoppers. In an interview with Chief Executive magazine last week, Costco board chair Hamilton “Tony” James said that while most of…
CNBC’s Jim Cramer suggested uncertainty over tariff policies will continue to shape market action, saying stocks retreated on Wednesday after President Donald Trump discussed the matter at a cabinet meeting. “I can tell you that we’re entering a new, more mercurial world, where we have to start worrying about the president’s public appearances, because we…
Illustration of U.S social network Instagram’s logo on a tablet screen. Kirill Kudryavtsev | Afp | Getty Images Meta apologized on Thursday and promised to fix a “mistake” that resulted in some Instagram users reporting a flood of violent and graphic content recommended on their personal “Reels” page. “We are fixing an error that caused…
FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. Jason Reed | Reuters A crucial March meeting of vaccine advisors to the Food and Drug Administration has been canceled without explanation, a member of the advisory panel told CNBC on Wednesday. The meeting…
Twitter co-founder Evan Williams speaks during the Web Summit 2018 in Lisbon, Portugal, on Nov. 8, 2018. Pedro Fiúza | Nurphoto | Getty Images Obvious Ventures, the venture capital firm co-founded by Twitter’s Evan Williams, has filed to raise $400 million for its latest fund, according to a regulatory filing. The filing for Obvious Ventures…
The Instacart logo is seen on a smartphone and on a PC screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Instacart‘s stock had its worst day on record, slumping 12% after the grocery delivery company posted a fourth-quarter revenue miss and offered light guidance for the current period. Prior to Wednesday’s move,…
Skynesher | E+ | Getty Images Lump sum payments to begin arriving in February In a new update released on Tuesday, the SSA said it will begin issuing retroactive payments in February. Most people will receive the one-time payment by the end of March, according to the agency. The SSA plans to process the increase…
Sheldon Cooper | Lightrocket | Getty Images Shares of AppLovin tumbled 13% Wednesday as two short seller reports cast doubt on the integrity of the company’s artificial intelligence-powered AXON advertising software that helped drive the tech giant to become the top-performing tech stock of 2024. Short seller Fuzzy Panda alleged that the AXON model was…
Charles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg | Getty Images Super Micro Computer shares rallied 19% after the AI server company filed its delayed financial results by the Nasdaq’s deadline. The company’s auditor BDO wrote in…
