Economy

Airbnb reported second-quarter results on Wednesday that beat analysts’ expectations. Here’s how the company did based on average analysts’ estimates compiled by LSEG: Earnings per share:$1.03 vs. 93 cents expected Revenue: $3.10 billion vs. $3.04 billion expected Revenue increased 13% from $2.75 billion during the same period last year. The company reported net income of […]

Alain Jocard | AFP | Getty ImagesAmazon’s online advertising business is getting bigger as the slumping digital ad market shows signs of improvement.The online retail giant’s ad business brought in $10.68 billion in sales in the second quarter, which was a 22% jump from the previous year during the same period, the company said while… […]

A photo taken on Dec.14, 2020 shows a paddock of barley being harvested on a farm near Inverleigh, some 100 kilometers west of Melbourne.WILLIAM WEST | AFP | Getty ImagesChina on Friday lifted tariffs on Australian barley imports starting Aug. 5, a move that points to improving bilateral relations and would alleviate supply concerns after… […]

A man holds an Apple iPhone5S as he uses Apple Music app on October 11, 2017 in Hong Kong, Hong Kong.S3studio | Getty ImagesApple’s third-quarter earnings report on Thursday showed a revenue decline in the company’s most iconic hardware products — iPhone, iPad and Mac. The current period could also be rough.But offsetting the hardware… […]

In this handout image released by the South Korean Defense Ministry via Dong-A Daily, a missile is fired during a joint training between the United States and South Korea on June 6, 2022 in East Coast, South Korea.South Korean Defense Ministry | Getty ImagesSouth Korean defense stocks have recorded stellar gains over the past 12… […]

An XPeng Inc. G9 electric vehicle at the Shanghai Auto Show in Shanghai, China, on Monday, April 24, 2023.Qilai Shen | Bloomberg | Getty ImagesGlobal electric vehicle makers are tapping advanced technology to vie with each other and domestic brands in the intensively competitive Chinese market.China is the world’s largest EV market with 5.9 million… […]

Evan Spiegel, CEO of Snap Inc., attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 9, 2025. David A. Grogan | CNBC Snapshares tanked more than 15% Tuesday when it reported second-quarter earnings in which global average revenue per user missed […]

A Lucid Air electric vehicle (EV) at the company’s showroom in Tysons, Virginia, US, on Saturday, Feb. 17, 2024. Samuel Corum | Bloomberg | Getty Images Lucid Group on Tuesday softened its production outlook for the rest of the year as it reported second-quarter earnings that missed Wall Street expectations. The electric vehicle maker now […]

Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Axon Enterprise ‘s stock popped 16% after the TASER maker surpassed Wall Street’s estimates and boosted its guidance due to robust demand for its security solutions. “Demand for new technology from our customers is accelerating, and it’s outpacing even my most optimistic expectations,” said CEO Rick Smith on an earnings call with analysts. “There’s now one breakout product driving […]

Palantir stock popped nearly 8% Tuesday after the software analytics provider lifted its full-year outlook, boosted by the artificial intelligence wave. CEO Alex Karp called the earnings results a “once in a generation, truly anomalous quarter” during an earnings call with analysts. “We’re very proud and we’re sorry that our haters are disappointed, but there […]