Omar Marques | Lightrocket | Getty Images South Korea’s chip heavyweights SK Hynix and Samsung Electronics skyrocketed in Seoul on Friday, tracking a sharp rally in U.S. technology stocks after blockbuster earnings from Amazon and Microsoft revived optimism around artificial intelligence spending. SK Hynix was last trading over 25% higher, putting it on course for…
Jakub Porzycki | Nurphoto | Getty Images Coinbase shares dropped in extended trading on Thursday after the crypto platform posted a wider-than-expected loss for the second quarter, underscoring the continued troubles resulting from a deepening crypto winter despite its efforts to diversify revenue. Here’s how Coinbase performed in its quarter ended June 30, compared with what Wall…
Shares of Jersey Mike’s fell about 7% during trading on Thursday afternoon after the company made its public market debut on the New York Stock Exchange under the ticker “JMKE.” The stock opened at $21 per share, below its initial public offering pricing of $23 per share, at the midpoint of the expected range of…
Apple CEO Tim Cook at the World Economic Forum annual meeting in Davos, Switzerland, Jan. 20, 2026. Ludovic Marin | AFP | Getty Images Earnings on deck this afternoon for Apple and Amazon will likely decide if the stock market can end what’s so far been a rough week on solid footing. Follow CNBC’s live…
The battered $24 billion hedge fund founded by former OpenAI researcher Leopold Aschenbrenner is unwinding many of its trades after big losses on artificial intelligence stocks and a bad bet against software stocks left it scrambling to raise cash, according to people familiar with the matter. The prime brokers for the fund, Situational Awareness, have…
Starbucks on Wednesday raised its full-year outlook after reporting its fourth straight quarter of same-store sales growth. For fiscal 2026, Starbucks now expects adjusted earnings per share in a range of $2.55 to $2.65, up from its prior outlook of $2.25 to $2.45 per share. It now also projects global same-store sales will rise nearly…
The personal consumption expenditures price index was expected to rise 3.7% from a year ago on headline and 3.3% on core, according to the Dow Jones consensus. Also, gross domestic product was projected to increase at a 1.8% annualized rate. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on…
The Taco Bell logo is displayed at a Taco Bell restaurant on July 14, 2026 in Pasadena, California. Mario Tama | Getty Images Yum Brands on Wednesday reported mixed quarterly results but provided no details on how the cyclospora outbreak tied to Taco Bell restaurants is affecting its business. Since the Food and Drug Administration…
Meta CEO Mark Zuckerberg, left, and Microsoft CEO Satya Nadella. Getty Images | Reuters Microsoft shares jumped in premarket trading while Meta tanked as investors gave differing verdicts on the two tech giants’ earnings. Shares of Microsoft were last 9% higher while Meta was down 9%. On Wednesday, Microsoft posted fiscal fourth-quarter revenue that beat…
Bazilfoto | Istock | Getty Images Oil prices moved higher on Thursday after the U.S. launched a “heavy wave” of strikes against Iran late Wednesday in retaliation against its missile attacks on American forces in the region, dashing hopes for de-escalation. Iran’s Islamic Revolutionary Guard Corps has threatened further escalation in response. Brent crude futures,…
