CEO of Apple Tim Cook poses as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024. Manuel Orbegozo | Reuters Apple’s fiscal fourth-quarter results beat Wall Street expectations for revenue and earnings per share but net income slumped after the company paid a one-time charge…
Comcast beat third-quarter earning expectations on Thursday, as the Summer Olympics in Paris boosted NBCUniversal’s revenue and Peacock’s subscriber count. Shares of Comcast gained 6% in premarket trading Thursday. Here is how Comcast performed, compared with estimates from analysts surveyed by LSEG: Earnings per share: $1.12 vs. $1.06 expected Revenue: $32.07 billion vs. $31.66 billion expected For…
The Washington Post Building at One Franklin Square Building in Washington, D.C., June 5, 2024. Andrew Harnik | Getty Images The Washington Post said Friday that it will not endorse a candidate in the presidential election this year — or ever again — breaking decades of tradition and sparking immediate criticism of the decision. But…
Sebastien Bozon | AFP | Getty Images With massive corporations including Alphabet, Meta, Apple, Microsoft and Amazon set to report earnings next week, CNBC’s Jim Cramer on Friday urged investors to keep a level head. He also said not to forget about the nonfarm payroll report next Friday, where a weak hiring result could urge…
Microsoft CEO Satya Nadella speaks at an event on the company’s Redmond, Washington, campus on May 20, 2024. Chona Kasinger | Bloomberg | Getty Images Microsoft gave CEO Satya Nadella a pay raise for the 2024 fiscal year of more than $30 million. But his total package would have been $5.5 million higher if not…
Shoppers at a Walmart store on Black Friday in Secaucus, New Jersey, on Nov. 24, 2023. Victor J. Blue | Bloomberg | Getty Images Mattel and Hasbro decreased their end-of-year guidance ahead of the key holiday season as toy sales continue to slide during the third quarter. Earnings per share for both toy giants beat…
CNBC’s Jim Cramer analyzed Tuesday’s market action and explained why some Big Tech favorites saw gains while other stocks floundered, saying investors are worried about the broad economic implications of rising bond yields. “Big tech made a big comeback today because of the bond market, not anything to do with the stocks themselves,” he said….
A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024. Elijah Nouvelage | Bloomberg | Getty Images Elliott Investment Management and Southwest Airlines have been discussing a settlement that would give the activist investor significant representation on the airline’s board, according to people familiar…
CNBC introduces you to the characters driving billions of dollars in deals off the F1 circuit, in the first of episode of this season of ‘Inside Track: The Business of Formula 1.’ In the high-octane world of Formula One, success is driven by more than just talented drivers and engineers. F1’s dealmakers have brokered billions…
People hold sings during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. Jason Redmond | AFP | Getty Images Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal that could…
