Exxon Mobil reported second-quarter earnings on Friday that declined significantly compared to last year, though the company beat Wall Street estimates as production growth in the Permian Basin and Guyana softened the impact of lower oil prices. Exxon’s net income fell 23% to $7.1 billion, or $1.64 per share, compared to $9.2 billion, or $2.14…
Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market as President Donald Trump ramps up tariffs. Job growth totaled a seasonally adjusted 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves : The S & P 500 was dropping almost 2% on Friday as weak jobs and new tariff levels unsettled the market. Investors also…
CNBC’s Jim Cramer walked investors through another week of earnings season, honing in on reports from Palantir, Berkshire Hathaway, Disney and Eli Lilly. “We’re still in earnings Hades, but at least it’s getting a little cooler out there,” he said. “That’s right, we’ve now gotten over the hump of the big-time growth stocks, the hyperscalers,…
Kuaishou’s Kling AI platform generates video from text and still images. Nurphoto | Nurphoto | Getty Images BEIJING — China’s video-heavy entertainment world has yielded a trove of data for companies — and they’re now ramping up money-making artificial intelligence tools for generating ads and film clips. TikTok parent ByteDance holds the first and third…
Apple delivered a solid June quarter Thursday evening, and the stock moved higher. However, the lack of any real artificial intelligence strategy updates tempered investor enthusiasm. The stock remains an AI “show me” story — and in a market currently being powered by the AI trade, that’s all anyone really cares about. Revenue in Apple’s…
U.S. President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, D.C., U.S., July 31, 2025. Kent Nishimura | Reuters U.S. President Donald Trump signed an executive order Thursday that confirmed “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%….
Coinbase shares fell Thursday after gains in the cryptocurrency exchange’s subscription revenue failed to offset weaker trading volumes. In the quarter ended June 30, Coinbase earned $1.43 billion, or $5.14 per share, up from earnings of $36.13 million, or 14 cents per share, in the same quarter a year ago. It was not immediately clear…
The Apple logo, taken at the Apple Store on 5th Avenue in Manhattan. Sven Hoppe | Picture Alliance | Getty Images Wall Street is gearing up for Apple’s third-quarter results after the bell, and users on prediction platform Kalshi are betting on what will be discussed on the iPhone maker’s upcoming earnings call. By the…
Containers reflected in a puddle following a rainfall, at the Yantian port in Shenzhen, Guangdong province, China May 9, 2025. Tingshu Wang | Reuters BEIJING — China’s official gauge for manufacturing activity on Thursday pointed to a worse-than-expected contraction in July amid slower economic growth and ongoing U.S. trade tensions. The Manufacturing Purchasing Managers’ Index…
