Intel CEO Pat Gelsinger, holding an Intel chip, speaks during the 54th Annual Meeting of The Semafor 2024 World Economy Summit in Washington, DC, on April 17, 2024. Mandel Ngan | AFP | Getty Images Intel reported first-quarter earnings on Thursday that beat Wall Street expectations for earnings per share, […]
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Paramount and Skydance inch closer to a merger as key hurdle looms, sources say
Paramount Global and Skydance Media are making progress on a deal that would merge the media companies and buy out controlling shareholder Shari Redstone, according to people familiar with the matter. Paramount Global’s special committee, in charge of accepting or rejecting transactions, and David Ellison’s Skydance Media, backed by private […]
Alphabet shares jump 14% on earnings beat, first-ever dividend
Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Yves Herman | Reuters Alphabet shares rallied in extended trading on Thursday after the company reported results that topped analysts’ estimates, showed soaring profits in its […]
Microsoft cloud growth accelerates on back of AI push
Microsoft shares rose as much as 5% in extended trading on Thursday after the software maker issued fiscal third-quarter results that outdid Wall Street’s expectations. Here’s how the company did in comparison with the consensus from LSEG: Earnings per share: $2.94 vs. $2.82 expected Revenue: $61.86 vs. $60.80 billion expected […]
Trump trial: Defense attorneys begin cross-examination of David Pecker
Donald Trump sits in a Manhattan Criminal Courtroom with members of his legal team for the continuation of his hush money trial in New York City on April 25, 2024. Spencer Platt | Via Reuters Lawyers for Donald Trump on Thursday afternoon began the cross-examination of former National Enquirer David […]
Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates
Stocks tumbled Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. The Dow Jones Industrial Average slid 375.12 points, or 0.98%, to close at 38,085.80, weighed down by steep declines in Caterpillar and IBM. The S&P 500 dropped 0.46% to finish […]
Dow drops more than 300 points on inflation and growth concerns, Meta drags S&P 500 lower: Live updates
Traders work during the opening bell at the New York Stock Exchange. Johannes Eisele | AFP | Getty Images Stocks tumbled Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. The Dow Jones Industrial Average slid 385 points, or 1%, weighed […]
Middle East escalation could trigger energy shock that fuels inflation, World Bank warns
A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. Fatemeh Bahrami | Anadolu | Getty Images The outbreak of a major conflict […]
Rubrik stock pops 20% in NYSE debut after company prices IPO above range
Bipul Sinha, CEO, Chairman & Co-Founder of Rubrik Inc., the Microsoft backed cybersecurity software startup, rings the opening bell during his company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., April 25, 2024. Brendan Mcdermid | Reuters Shares of data management software maker Rubrik jumped in its […]
Supreme Court appears skeptical of Trump’s blanket presidential immunity argument
U.S. President Donald Trump delivers an update on the so-called Operation Warp Speed program, the joint Defense Department and HHS initiative that has struck deals with several drugmakers in an effort to help speed up the search for effective treatments for the ongoing coronavirus disease (COVID-19) pandemic, in an address […]