NewJeans attends the SBS Music Awards in Incheon, South Korea on Dec 25, 2024. The Chosunilbo Jns | Imazins | Getty Images South Korean girl group NewJeans announced today that it will be performing in March under its new name NJZ, amid an ongoing legal dispute with the managing label Ador. Speaking to CNBC on…
Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock slipped more than 5% in extended trading. Here’s what the company reported compared with what Wall Street was expecting: Earnings per share: $1.86 vs. $1.49 expected, according to LSEG Revenue: $187.79 billion vs. $187.30…
Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024. India’s newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The…
DeepSeek has rattled the U.S.-led AI ecosystem with its latest model, shaving hundreds of billions in chip leader Nvidia’s market cap. While the sector leaders grapple with the fallout, smaller AI companies see an opportunity to scale with the Chinese startup. Several AI-related firms told CNBC that DeepSeek’s emergence is a “massive” opportunity for them, rather…
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Entertainment | Getty Images Amazon said Thursday that revenue growth from its cloud-computing business slowed slightly to just under 19% year over year in the fourth quarter,…
E.l.f. Beauty CEO Tarang Amin told CNBC’s Jim Cramer why the company saw lighter business in January, citing declines across the industry and saying some new products have been off to a slower start. “I remain bullish on the business,” he said. “But our approach is always, we have a high degree of transparency. If…
The Bank of England on 6 Feb. 2025, in London, England. Richard Baker | In Pictures | Getty Images The Bank of England lowered interest rates by 25 basis points on Thursday, following the European Central Bank’s cut of the same amount on Jan. 30. The Reserve Bank of India is also widely expectedly to…
Hate symbols and terror offences will be punishable with mandatory jail terms ranging from one to six years in Australia, after parliament passed a series of amendments to hate crime laws on Thursday. The new laws were passed following a wave of high-profile antisemitic attacks which have become a major topic of debate in the…
An Israeli spyware company has reportedly cut access to its clients in Italy following allegations that its product was used to target critics of the Italian government. The move comes after WhatsApp alleged last week that spyware made by Paragon Solutions was used to target 90 WhatsApp users in two dozen countries, including journalists and…
A US judge has temporarily halted President Donald Trump’s plan offering incentives to federal workers to voluntarily resign before a Thursday midnight deadline. Federal Judge George O’Toole Jr said the plan would be paused until a hearing on Monday when he could determine the merits of a lawsuit filed by federal employee unions, reports CBS,…
