Snap shares tanked more than 15% Tuesday when it reported second-quarter earnings in which global average revenue per user missed expectations. Here is how the company did compared with Wall Street’s expectations: Earnings per share: Loss of 16 cents. That figure is not comparable to analysts’ estimates. Revenue: $1.34 billion vs. $1.35 billion expected, according to LSEG …
Lisa Su, CEO of Advanced Micro Devices, and Sam Altman, CEO of OpenAI, testifiy during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Advanced Micro Devices…
The Coinbase logo is reflected on a cellphone screen in London, England, on Nov. 9, 2021. Leon Neal | Getty Images News | Getty Images Coinbase shares slid on Tuesday after the company announced a $2 billion private offering of convertible senior notes. Shares were last down more than 5%. The decline occurred as investors…
Credit card balances are ticking higher in 2025, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Balances rose by $27 billion in the second quarter to a collective $1.21 trillion — in line with last year’s all-time high. The total is up 2.3% from the previous quarter. At…
Conservative media baron Rupert Murdoch will give President Donald Trump regular updates on his health as part of an agreement to postpone Murdoch’s deposition in Trump’s $10 billion defamation lawsuit against him over a Wall Street Journal article about late sex offender Jeffrey Epstein. The unusual stipulation comes a week after Trump’s lawyers sought a…
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Axon Enterprise‘s stock popped 14% after the TASER maker surpassed Wall Street’s estimates and boosted its guidance due to robust demand for its security solutions. “Demand for new technology from our customers is accelerating, and it’s outpacing even my most optimistic expectations,” said CEO Rick Smith on an earnings call with analysts. “There’s now one breakout product driving conversations….
President Donald Trump told CNBC on Tuesday that he has narrowed the field of potential future Federal Reserve chairs to four candidates, a list that does not include Treasury Secretary Scott Bessent. While the president did not disclose who is in contention, he revealed that Bessent, previously considered a leading candidate, has taken himself out…
A sample of Alaska Airlines’ new livery for its Boeing 787-9 Dreamliners. Source: Alaska Airlines: Alaska Airlines is starting flights from Seattle to London and Reykjavik, Iceland, next May, adding to its global expansion following its acquisition of Hawaiian Airlines last year. Alaska plans to fly daily between Seattle and London’s Heathrow Airport on its Boeing 787-9 Dreamliners, in…
Piotr Swat | Lightrocket | Getty Images Yum Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC reported U.S. same-store sales declines. Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per…
President Donald Trump joins Squawk Box at 8 a.m. on August 5, 2025. President Donald Trump will join CNBC’s “Squawk Box” on Tuesday around 8 a.m. ET for a wide-ranging conversation on the economy and the state of the U.S. Trump’s interview comes as the administration juggles a slew of tariff negotiations as well as…
