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Check out the companies making headlines in extended trading. Netflix â Shares soared more than 13% after the streaming giant surpassed 300 million paid memberships . Netflix also beat fourth-quarter expectations on the top and bottom lines, and it raised its revenue expectations for the full year 2025. United Airlines â Shares popped more than […]
Mortgage rates have risen in recent months, even as the Federal Reserve has cut interest rates. While those opposing movements may seem counterintuitive, they’re due to market forces that seem unlikely to ease much in the near term, according to economists and other finance experts. That may leave prospective homebuyers with a tough choice. They
Mortgage rates aren't likely to fall any time soon — here’s why Read More »
Greenlight Capital’s David Einhorn thinks speculative behavior in the current bull market has ascended to a level beyond common sense. “We have reached the ‘Fartcoin’ stage of the market cycle,” Einhorn wrote in an investor letter obtained by CNBC. “Other than trading and speculation, it serves no other obvious purpose and fulfills no need that
David Einhorn says we have reached the 'Fartcoin' stage of the market cycle Read More »
Billionaire investor Ray Dalio thinks reducing the U.S. budget deficit could stabilize the bond market and lower interest rates. The founder of Bridgewater, one of the world’s largest hedge funds, said the current projected deficit is 7.5% of U.S. gross domestic product. If that ratio goes down to 3%, the supply-demand imbalance in the bond market would be
Ray Dalio says cutting budget deficit is crucial to stabilize the bond market Read More »
Goldman Sachs is rolling out a generative AI assistant to its bankers, traders and asset managers, the first stage in the evolution of a program that will eventually take on the traits of a seasoned Goldman employee, according to Chief Information Officer Marco Argenti. The bank has released a program called GS AI assistant to
Bitcoin will hit a new all-time high in 2025 on the back of positive regulatory movements in the U.S. under newly inaugurated President Donald Trump, the CEO of Binance told CNBC Tuesday. Richard Teng, who took the reins from former Binance boss Changpeng Zhao last year, told CNBC’s Arjun Kharpal that he sees “much clearer
Bitcoin will hit a new all-time high in 2025, Binance CEO says Read More »
Check out the companies making headlines before the bell. Apple â Shares slipped nearly 2% after Jefferies downgraded the iPhone maker to an underperform rating from hold. Analyst Edison Lee called its AI outlook “subdued” and expects Apple to miss its fiscal first-quarter revenue growth forecast of 5% when reporting earnings later this month. Qorvo
Stocks making the biggest moves premarket: Apple, Qorvo, 3M, Roku and more Read More »
BEIJING â Chinese Vice Premier Ding Xuexiang warned there are “no winners” in a trade war, as the world’s second-largest economy faces the possibility of tariffs under the freshly-inaugurated administration of Donald Trump. “Protectionism leads no where. [A trade war has no winners,” Ding said Tuesday, according to an official English translation. He was speaking
Trade war has no winners, China's vice premier warns, as Trump threatens tariffs Read More »
Bitcoin and other cryptocurrencies sank on Tuesday, as bullish investor sentiment surrounding cryptocurrencies cooled after President Donald Trump’s inauguration. TRUMP, a token launched last week that represents the new U.S. leader, plunged as much as 22% in 24 hours, according to CoinGecko data. Meanwhile, a meme token released Sunday by first lady Melania Trump, crashed
Bitcoin slips, Trump token plunges over 20% as bullish crypto sentiment cools Read More »
Billionaire investor Stanley Druckenmiller believes Donald Trump’s re-election renewed a jolt of speculative enthusiasm in the markets and surging optimism within businesses. “I’ve been doing this for 49 years, and we’re probably going from the most anti-business administration to the opposite,” Druckenmiller said on CNBC Monday. “We do a lot of talking to CEOs and companies on the
