ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin drops to the $108,000 level. Plus, Coinbase says the crypto exchange acquired the digital asset investment platform Echo for approximately $375 million. And, Sergey Nazarov, co-founder of Chainlink, shares what was discussed during meetings with senators on Capitol Hill about crypto regulation. Source link
Author: usaeverydaylife
A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images)John J. Kim | Chicago Tribune | Getty ImagesSouthwest Airlines on Wednesday posted a surprise profit for the third quarter and forecast better travel demand and higher fares for the fourth quarter.The carrier said it expects unit revenue to rise between 1% and 3% during the final three months of the year, with capacity up 6% over the same period last year.”This guidance range assumes demand strength remains at current levels through the end of the quarter,” Southwest said.Here’s…
Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025.Yves Herman | ReutersIBM reported third-quarter results that topped Wall Street estimates and lifted its guidance, citing ongoing artificial intelligence tailwinds. Still, the stock dropped 5% in extended trading. Here’s how the company performed versus LSEG estimates:Earnings per share: $2.65 adjusted vs. $2.45 expectedRevenue: $16.33 billion vs. $16.09 billion expected.Revenue increased 9% from about $15 billion in the year-ago period, IBM said. The company reported net income of $1.74 billion, or $1.84 per share, after recording a loss…
CNBC’s Seema Mody joins ‘Fast Money’ to talk Oracle share climbing on news coming out of analyst day. Source link
Last-minute changes to new port fees enacted by the Trump administration’s U.S. Trade Representative have stuck one U.S.-based ocean carrier with an estimated annual tariff bill of $34 million, after it was reclassified under new Section 301 program terms.On Oct. 14, the first day of the fee program, Atlantic Container Line paid a $1.4 million tariff due to its unique container vessel construction. ACL’s ships carry 80% shipping containers, 10% roll on/roll off freight (such as tractors, construction equipment, and passenger cars), and 10% freight that is oversize cargo like aircraft wings and transformers for power plants and data center…
Rupert Murdoch looks on, at the White House, in Washington, U.S. Feb. 3, 2025.Elizabeth Frantz | ReutersWhy let a $10 billion lawsuit get in the way of old friends having some chicken and gravy for dinner?President Donald Trump last week dined at the White House with Rupert Murdoch and that media baron’s key lieutenants, despite Trump’s ongoing defamation lawsuit over Murdoch’s Wall Street Journal reporting that he sent a “bawdy” 50th birthday letter to sex offender Jeffrey Epstein, according to a new report.Breaker Media on Tuesday night reported that Trump hosted his fellow billionaire Murdoch and company at the White…
In May, country singer Martina McBride appeared before the Senate Judiciary Subcommittee on Privacy, Technology and the Law at a hearing to speak out against AI-generated deepfakes. Last week, she expanded on her testimony at the CNBC AI Summit in Nashville.McBride, along with Recording Industry Association of America chief policy officer Morna Willens, spoke to CNBC’s Courtney Reagan about the NO FAKES Act, a proposed bipartisan bill focused on protecting individuals’ voices and likeness.The four-time Academy of Country Music Awards top female vocalist said speaking out on deepfakes and the need for AI guardrails is something close to her heart.…
Check out the companies making the biggest moves midday: Vicor — The maker of modular power components soared 25% after third-quarter earnings per share more than doubled the Wall Street consensus. Travel + Leisure — Shares rose nearly 12% after the travel publication reported strong results for the fiscal third quarter. The company earned $1.80 per share, excluding items, beating a FactSet estimate of $1.73 per share. Texas Instruments — The chipmaker dropped more than 5% on disappointing earnings and weak quarterly guidance. The company earned $1.48 per share, missing an LSEG estimate of $1.49 per share. Fourth-quarter profit guidance…
Tesla is slated to release third-quarter results after the stock market’s closing bell Wednesday, and most analysts are split between cautious and optimistic toward Elon Musk ‘s flagship business. Earlier this month, the electric vehicle maker reported a 7% year-over-year jump in quarterly vehicle deliveries . Customers rushed to buy cars ahead of the expiration of a key federal tax credit, which ended on Sept. 30 as part of a spending bill President Donald Trump passed in July. Heading into its third-quarter print, analysts surveyed by FactSet expect that Tesla will see earnings rise 22% from a year ago, to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyWedbush’s Dan Ives joins ‘Fast Money’ to talk his latest bullish call on AI after seeing demand booming in Asia.03:53Thu, Oct 16 20255:46 PM EDT Source link
