SEOUL, SOUTH KOREA – JANUARY 15: Investigators arrive at the entrance to the presidential residence of Yoon Suk Yeol, as authorities try to execute an arrest warrant, in Seoul, South Korea, on January 15, 2025. Anadolu | Anadolu | Getty Images South Korean president Yoon Suk Yeol was reportedly arrested by the country’s Corruption Investigation…
CNBC’s Jim Cramer on Tuesday addressed the importance of investing for the long term, telling investors it’s wise to evaluate certain pharmaceutical stocks for their growth prospects. “Ask yourself what happens if things get better, please. What if the future is brighter than the past?” he said. “If that’s the case, and I think it…
Intel said Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm, the latest in a series of structural changes announced by the chipmaker. Turning Intel Capital, which has $5 billion in assets, into a standalone fund will allow it to raise money from outside investors, Intel said….
Executive Chair and CEO of Microsoft Corporation Satya Nadella speaks during the “Microsoft Build: AI Day” event in Jakarta, Indonesia, on April 30, 2024. Ajeng Dinar Ulfiana | Reuters Microsoft plans to pause hiring in part of its consulting business in the U.S., according to an internal memo, as the company continues seeking ways to…
A view from the United States Department of the Treasury building in Washington DC, United States on December 30, 2024. The US Treasury Department was cyberattacked by a Chinese state-sponsored actor in early December. Celal Gunes | Anadolu | Getty Images The federal budget sank further into red ink during December, leaving the first fiscal…
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo | Reuters Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday. CEO Mark Zuckerberg informed employees about…
The Eli Lilly & Co. logo at the company’s Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024. Ore Huiying | Bloomberg | Getty Images Eli Lilly cut its revenue guidance on Tuesday as it said demand for its weight loss and diabetes drugs would not meet its lofty expectations. The drugmaker’s…
Customers shop for clothing at a Costco store on December 11, 2024 in Novato, California. Justin Sullivan | Getty Images A measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year though likely not enough to provoke another Federal Reserve interest rate cut anytime…
The 10-year Treasury yield touched a fresh 14-month high as investors looked ahead to key inflation prints. The yield on the 10-year Treasury was last up around 2 basis points at 4.79%, the highest level since Nov. 1, 2023. This followed the 10-year Treasury yield’s jump on Friday following a hotter-than-expected jobs report. The 2-year…
Anadolu | Anadolu | Getty Images Britain’s competition watchdog on Tuesday said that it’s opening a formal antitrust investigation into Google’s search and search advertising services. The Competition and Markets Authority said that it’s looking to assess whether Google has “strategic market status” (SMS) under the new U.K. Digital Markets, Competition and Consumers Act (DMCC)….
