Economy

Published Thu, Jun 20 2024 3:10 PM EDT Paulina Likos @paulina_likos Omar Marques | Lightrocket | Getty Images Artificial intelligence-driven momentum in Meta Platforms’ advertising business is boosting Wall Street’s confidence that the company’s massive investment in AI will deliver substantial revenue over time. More In Analysis Nvidia gives up gains — plus, what’s behind […]

Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023.David A. Grogan | CNBCCheck out the companies making headlines in midday trading.Tesla — Shares rose 4.4% following the company’s annual shareholder meeting the previous day. CEO Elon Musk announced the company would deliver its first Cybertrucks later this year. Musk said that although he expects… […]

Former Theranos CEO Elizabeth Holmes (C) arrives at federal court with her partner Billy Evans (R) and mother Noel Holmes on November 18, 2022 in San Jose, California.Justin Sullivan | Getty ImagesElizabeth Holmes, the disgraced CEO of Theranos, must report to prison May 30, according to a ruling issued Wednesday by U.S. District Judge Edward… […]

Club holding TJX Companies ‘ (TJX) weaker-than-expected sales for its fiscal 2024 first quarter were more than offset by strong expense management, resulting in a beat on profitability — further demonstrating the off-price retailer’s ability to navigate gathering economic headwinds. Total revenue for the three months ended April 29 advanced 3.3% year-over-year, to $11.78 billion,… […]

A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019.Brendan McDermid | ReutersPfizer plans to raise $31 billion through a debt offering to fund its proposed acquisition of cancer drug maker Seagen, for what would be its largest takeover since 2009, according to a… […]

At the end of 2021, Taryn Francis and her husband owed around $45,400 between student loans, an auto loan, a thrift savings plan (TSP) loan and credit card debt.But in 2022, they got a major boost: Francis had $19,000 in student debt erased through Public Service Loan Forgiveness (PSLF), despite being previously rejected.The program allows… […]

Shoppers pass along the main high street in Whitstable, UK. Bloomberg | Bloomberg | Getty Images LONDON — European stocks closed lower Wednesday, losing the positive momentum seen during the previous trading session. The STOXX 600 index ended the session down 0.18%, with major bourses and sectors diverging. Tech stocks led losses, down 1.15%, while […]

LONDON — The U.K. had some cause for celebration on Wednesday morning, as headline inflation hit the Bank of England’s 2% target for the first time in nearly three years. But the print only served to further convince traders that an interest rate cut is not imminent. Money market pricing by 11 a.m. in London […]

Gary Vaynerchuk speaks onstage during Tribeca X on June 14, 2023 in New York City. Dave Kotinsky | Getty Images Entertainment | Getty Images Social media algorithms have led to a more meritocratic advertising landscape that the industry has been slow to catch up with, according to VaynerMedia CEO Gary Vaynerchuk. “The social media I […]

Participants during the snowboarding activity with the Hoods to Woods Foundation at Big Snow American Dream in East Rutherford, New Jersey on June 13, 2024. Danielle DeVries | CNBC EAST RUTHERFORD, N.J. — For 16-year-old Zyshawn Gibson, snowboarding down the indoor ski park at Big Snow American Dream in East Rutherford, New Jersey, was a […]