Apple reports fiscal first-quarter earnings after the bell. The quarter, which ends in December, is Apple’s biggest of the year by sales and the first full sales period for the iPhone 15, which launched in September. Apple faces significant challenges, coming off four straight quarters with revenue declines. Investors will […]
CNBC News
Main Street is more optimistic this year even as inflation persists, survey says
U.S. President Joe Biden speaks during a Rose Garden event at the White House to mark National Small Business Week on May 1, 2023 in Washington, DC. Alex Wong | Getty Images Small business owners are more optimistic to start the year, even as they face persistent inflation and lending […]
Meta to report fourth-quarter earnings after the bell
Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Evelyn Hockstein | Reuters Meta will report fourth-quarter earnings after the bell on Thursday. Here’s what analysts surveyed by LSEG, formerly Refinitiv, are expecting: Earnings: $4.96 […]
Wilson tennis racket maker Amer Sports to start trading on New York Stock Exchange after discounting IPO
Wilson products at the Paragon Sports store in the Chelsea neighborhood of New York on Jan. 4, 2024. Jeenah Moon | Bloomberg | Getty Images Amer Sports, the Finnish athletic company behind the Wilson tennis racket and Arc’teryx, is set to start trading on the New York Stock Exchange on […]
This bond ETF will get the biggest bang for its buck in 2024, says VettaFi’s Rosenbluth
Long-term yields might be the best bond investment this year, according to one exchange-traded fund expert. “The iShares 20-year Treasury ETF (TLT) will get the biggest bang for its buck [and] some of the intermediate-term products like the Vanguard Intermediate-Term Corp Bond (VCIT) will get some bang for the buck,” […]
Peloton shares plummet 20% as fitness company gives dismal outlook
Peloton on Thursday said it made money on its pricey connected fitness products for a second quarter in a row, but the company expects fresh challenges ahead after it failed to meet key goals in its turnaround effort. The retailer posted mixed results for its holiday quarter, as it lost […]
Activist Elliott builds roughly 13% stake in Etsy, secures board seat
Etsy Sellers Market in Times Square celebrating Etsy’s celebration going IPO at Nasdaq on April 16, 2015 in New York City. Paul Zimmerman | Getty Images Activist investor Elliott Management has a “sizable” investment in e-commerce firm Etsy, which announced on Thursday that Elliott partner Marc Steinberg would join the […]
Okta to lay off 7% of staff, about 400 employees
Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company’s headcount. The firm also reaffirmed its fourth quarter and full-year guidance in a securities filing. CEO Todd McKinnon said in his message that the “reality is […]
January hiring was the lowest for the month on record as layoffs surged
A UPS driver makes a delivery on January 30, 2024 in Miami Beach, Florida. Joe Raedle | Getty Images Companies announced the highest level of job cuts in January since early 2023, a potential trouble spot for a labor market that will be in sharp focus this year, according to […]
Taylor Swift songs removed from TikTok after her label UMG’s spat with the app
Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Songs from artists signed to Universal Music Group have started disappearing from TikTok after the two sides failed to agree a new deal over content licensing, sparking a […]