Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT – Lucid Group missed Wall Street’s expectations for a second consecutive quarter as the all-electric vehicle maker continues to address problems with the launch of its new flagship […]
Lucid misses Wall Street expectations, narrows production guidance Read More »
Hailey Bieber’s cosmetics line Rhode is expected to increase E.l.f. Beauty‘s annual sales by $200 million this fiscal year, but its new parent company’s full-year guidance still fell below expectations, leading its stock to plunge 29% Wednesday. E.l.f., which declined to release full-year guidance last quarter, is expecting full-year revenue to be between $1.55 billion
E.l.f. Beauty stock plunges 29% on weak guidance, tariff impact Read More »
Dylan Field, co-founder and CEO of Figma, center, appears on the floor of the New York Stock Exchange in New York on July 31, 2025. Figma Inc. shares surged as much as 229% after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company
Figma delivers strong forecast as AI draws in more customers Read More »
Starbucks baristas gather outside a Starbucks store as they protest against the company during a rally to demand a new contract in New York City, on October 28, 2025. The Starbucks Workers United is fighting for a new contract that delivers improved staffing hours, take-home pay, and on-the-job protections for baristas. (Photo by TIMOTHY A.CLARY
Starbucks union authorizes open-ended strike as busy holiday season begins Read More »
The head of the air traffic controllers’ union said Wednesday that it could take the industry “weeks to recover” from the impacts of the government shutdown. Nick Daniels, president of the National Air Traffic Controllers Association, said on CNBC’s “Squawk Box” that the holiday season will be especially affected by the shortage of air traffic
McDonald’s on Wednesday fell short of Wall Street’s earnings expectations, but the company’s U.S. restaurants reported better-than-expected same-store sales growth. CEO Chris Kempczinski said in a statement that the results are “a testament to our ability to deliver sustainable growth even in a challenging environment.” For more than a year, McDonald’s, long considered a bellwether
McDonald’s sales rise, but CEO expects low-income diners to spend less into next year Read More »
On the streets of Rio de Janeiro, it’s not hard to spot the latest sign of China’s growing global auto ambitions. Electric vehicles from Chinese brands like BYD and Great Wall Motor have been flowing in. “There are a lot of Chinese cars on the streets,” said EV owner Sérgio Ramalho. Brazil has become the
How Chinese EV makers are winning in Brazil Read More »
A trader works at the New York Stock Exchange on Nov. 3, 2025. NYSE 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. Shock value Stocks sold off yesterday amid investor concerns about the valuations of
Election results, McDonald’s earnings, AI valuation fears and more in Morning Squawk Read More »
AMD CEO Lisa Su speaks at a Senate Commerce, Science, and Transportation Committee hearing in Washington on May 8, 2025. The leaders of some of the biggest technology and artificial intelligence companies will go to Congress on Thursday with a wish list of sorts that at its top has doing away with regulation they say
AMD reports better-than-expected results but margin guidance only meets estimates Read More »
CNBC’s Jim Cramer suggested Wall Street is too fixated the on large valuations of certain tech and speculative stocks, chalking up Tuesday’s market-wide decline in part to Palantir‘s nearly 8% loss despite strong earnings results. “The larger issue is that we’re at the moment where money managers, when asked if the market’s too expensive, immediately
