Finance News Archives | Page 44 Of 209

Affirm CEO says furloughed federal employees are starting to lose interest in shopping

Affirm CEO Max Levchin said Friday that while the buy now, pay later firm isn’t seeing credit stress among federally employed borrowers due to the government shutdown, there are signs of a change in shopping habits. “We are seeing a very subtle loss of interest in shopping just for that group, and a couple of […]

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Block sinks 10% after weak third quarter results miss Wall Street estimates

Finance News

Block shares fell 10% Friday after weak third-quarter earnings fell short of Wall Street expectations and showed slowing profit growth for the company’s Square service. Here is how the company did compared with LSEG estimates: Earnings per share: 54 cents adjusted vs. 67 cents expected Revenue: $6.11 billion vs. $6.31 billion expected Revenue for the quarter was

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Archer tanks 12% after air taxi maker sells additional 85 million shares, buys LA-area airport

Finance News

Courtesy: Archer Aviation Archer Aviation‘s stock plummeted 12% after a share sale overshadowed a narrower-than-expected third-quarter loss. The company posted a net loss $129.9 million, narrower than the FactSet estimate of a $178.6 million loss. However, Archer disclosed a $650 million stock offering for 81.25 million shares to support its $126 million acquisition of Hawthorne

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Trump budget cuts, agency gutting, leave Americans and economy at greater risk of being hacked, experts warn

Finance News

Almost a year into the second Trump administration, public sector leaders and cybersecurity experts say budget cuts and gutting of federal agencies are weakening critical lines of government communication to help companies prepare and respond to cyberattacks, even as AI threats are rising. The most recent assessment of cybersecurity, based on the goals set forward

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Musk’s trillion pay, a price cut for obesity drugs, Target’s in-store woes and more in Morning Squawk

Musk’s $1 trillion pay, a price cut for obesity drugs, Target’s in-store woes and more in Morning Squawk

Finance News

Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. +$1 trillion The richest man in

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The stocks set to win as AI spend continues to soar: Analysts

Finance News

Corporate investment into artificial intelligence totaled over $250 billion last year as companies raced to develop intelligence-fueled products and services. That spend kept pace this year and is only expected to increase further as Big Tech firms like Meta , Alphabet and Microsoft vie for the AI dominance and pour more cash into the technology.

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CEO of Southeast Asia’s largest bank warns investors: ‘Buckle up, we’re in for a volatile ride’

Finance News

Tan Su Shan is the CEO and director of DBS Group. Bloomberg | Bloomberg | Getty Images With valuations in the U.S. stock market becoming increasingly stretched, the chief executive of Southeast Asia’s largest bank is warning investors to expect turbulence ahead. “We’ve seen a lot of volatility in the markets. It could be equities,

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Elon Musk says Tesla needs to build ‘gigantic chip fab’ to meet AI and robotics needs

Finance News

Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla CEO Elon Musk says the company will likely need to build a “gigantic” semiconductor fabrication plant to keep up with its artificial intelligence and robotics ambitions. “One of the things I’m trying to

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Tesla says shareholders approve Musk’s $1 trillion pay plan with over 75% voting in favor

Finance News

Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla said shareholders voted in favor of CEO Elon Musk’s almost $1 trillion pay plan, with 75% support among voting shares. Board members recommended shareholders approve the pay plan, which they introduced in September.

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Take Two sinks 10% on delay of Grand Theft Auto VI to November 2026

Finance News

Chris Delmas | AFP | Getty Images Shares of Take-Two Interactive Software sank 10% during after-hours trading on Thursday after Rockstar Games announced a further delay in the release of Grand Theft Auto VI to November 2026. “We are sorry for adding additional time to what we realize has been a long wait, but these

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