Block shares jumped 6% in extended trading on Thursday after the fintech company increased its forecast for the year. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 62 cents adjusted vs. 69 cents expected Revenue: $6.05 billion vs. $6.31 billion expected Revenue fell close to 2% from…
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | Reuters Shares of SoftBank Group surged 13% Friday to hit a fresh record, following the company’s higher-than-expected fiscal first-quarter profit. This marks the Japanese investment firm’s fourth straight session of gains, and comes after it closed…
Nurphoto | Nurphoto | Getty Images The launch of an Instagram feature that details users’ geolocation data illicited backlash from social media users on Thursday. Meta debuted the Instagram Map tool on Wednesday, pitching the feature as way to “stay up-to-date with friends” by letting users share their “last active location.” The tool is akin…
Tesla’s vice president of hardware design engineering, Pete Bannon, is leaving the company after first joining in 2016 from Apple, CNBC has confirmed. Bannon was leading the development of Tesla’s Dojo supercomputer and reported directly to Musk. Bloomberg first reported on Bannon’s departure, and added that Musk ordered his team to shut down, with engineers…
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. Markets: The S & P 500 gave up its early gains and fell into the red Thursday. Rallies in mega-cap names like Apple and Nvidia weren’t…
The Omada Health logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Omada Health reported quarterly results for the first time since its initial public offering in June. Here’s how the company did based on average analysts’ estimates compiled by LSEG: Loss per share: 24 cents Revenue: $61 million vs. $55.2…
Firefly Aerospace rings the opening bell at the Nasdaq on Aug. 7th, 2025. The Nasdaq Firefly Aerospace jumped more than 50% in its Nasdaq debut on Thursday after pricing shares above its expected range. Shares started trading at $70 each under the ticker symbol FLY. The initial price values the company at close to $10…
OpenAI CEO Sam Altman, pictured, speaks with SoftBank Group CEO Masayoshi Son at an event in Tokyo on Feb. 3, 2025. Tomohiro Ohsumi | Getty Images News | Getty Images OpenAI on Thursday announced GPT-5, its latest and most advanced large-scale artificial intelligence model. The company is making GTP-5 available to everyone, including its free…
Jakub Porzycki | Nurphoto | Getty Images The crypto market jumped Thursday on excitement that bitcoin and other digital assets could soon be coming to 401(k) retirement plans. President Donald Trump is set to sign an executive order that would allow 401(k) accounts to invest in alternative assets, including private equity, real estate and digital…
U.S. President Donald Trump speaks during an event with Apple CEO Tim Cook in the Oval Office of the White House on August 6, 2025 in Washington, DC. Win Mcnamee | Getty Images After months of speculation, U.S. President Donald Trump has divulged more of his semiconductor tariff plans, but his latest threats might create…
