Jobseekers during a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. Lauren Petracca | Bloomberg | Getty ImagesLayoff announcements soared in October as companies recalibrated staffing levels during the artificial intelligence boom, a sign of potential trouble ahead for the labor market, according to outplacement firm Challenger, Gray & Christmas.Job cuts for the month totaled 153,074, a 183% surge from September and 175% higher than the same month a year ago. It was the highest level for any October since 2003. This has been the worst year…
Author: usaeverydaylife
Check out the companies making headlines before the bell: Qualcomm — Shares slipped 1% as Qualcomm expects that it will lose Apple as a customer for its modem business in the coming years. This potential waning opportunity overshadowed Qualcomm’s fiscal fourth-quarter earnings and revenue beat and strong current quarter forecast. Warner Bros. Discovery — Shares fell 1% after Warner Brothers Discovery reported a third-quarter loss of 6 cents per share, on an adjusted basis, on revenues of $9.05 billion. Analysts polled by LSEG had expected a loss of 4 cents per share on revenues of $9.15 billion. Under Armour —…
Ark Invest’s Cathie Wood has trimmed her most bullish forecast for bitcoin, acknowledging that the rapid rise of stablecoins is taking on a role she once thought bitcoin would fill. “Stablecoins are usurping part of the role that we thought bitcoin would play,” Wood said Thursday on CNBC’s ” Squawk Box .” “So our bullish forecast out there is $1.5 million by 2030. Given what’s happening to stablecoins, which are serving emerging markets in a way that we thought bitcoin would, I think we could take maybe $300,000 off of that bullish case just for stablecoins. So watch that space.…
A CarMax dealership in Santa Rosa, California, on April 11, 2023.Justin Sullivan | Getty ImagesDETROIT – Shares of CarMax Inc. fell more than 10% during premarket trading Thursday after the used car retailer announced the unexpected departure of CEO Bill Nash.The company said board member David McCreight, a retail clothing executive who has served as CEO of Lulu’s Fashion Lounge Holdings and president of Urban Outfitters Inc., will serve as CarMax’s interim CEO until a permanent replacement has been found.CarMax also said Chair Tom Folliard, an executive with a 30-year history with the company, including as CEO from 2006 to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDennis Tajer, American Airlines pilot and Allied Pilots Association spokesman, joins ‘Squawk Box’ to discuss the impact of the ongoing government shutdown on air travel, news of the FAA cutting flights by 10% at 40 major airports starting Friday, impact of flight reductions on travel, whether flying remains safe, and more. Source link
U.S. President Donald Trump speaks to reporters aboard Air Force One en route to the White House on November 2, 2025 after taking off from Palm Beach International Airport in West Palm Beach, Florida. Samuel Corum | Getty ImagesThis 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. Tar-iffySupreme Court justices appeared skeptical of the legality of President Donald Trump’s tariffs on Wednesday, when the nation’s highest court heard oral arguments in a case that could determine the levies’ fate.Here’s what to know:Both conservative…
Peloton stationary bikes for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty ImagesPeloton is recalling its original Bike+ after receiving reports that the seat post broke and detached from the equipment during use, leading to two injuries, the Consumer Product Safety Commission said in a news release Thursday. The recall impacts 833,000 units, touching every original Bike+ the company has ever sold. The bikes were sold between January 2020 and April 2025 but Peloton stopped manufacturing them in 2022. The recall comes after Peloton received two reports of injuries “due…
Stifel is moving off the sidelines when it comes to Biogen . The investment firm upgraded the biotech stock to buy from hold. It also hiked its target price to $202 per share from $144, which signals upside of nearly 32% from Wednesday’s close. Analyst Paul Matteis’ forecast implies that the stock could rally nearly 32% from here. BIIB YTD mountain BIIB YTD chart “For a cheaper, ‘value-y’ large cap, Biogen offers unique optionality even if clinical catalysts still have risks,” he wrote. “Valuation isn’t a thesis in its own right in biotech, but on a EV/sales basis Biogen trades…
A banner is displayed for Forge Global Holdings Inc. to celebrate the company’s listing at the New York Stock Exchange (NYSE) in New York City, U.S., March 22, 2022. Brendan Mcdermid | ReutersCharles Schwab on Thursday agreed to buy private shares platform Forge Global in a deal valued at $660 million as Wall Street firms seek to meet growing investor demand for access to high-growth startups.Major financial institutions are expanding services that give clients access to private companies and liquidity in pre-IPO shares, seeking to tap rising investor demand for early exposure to fast-growing startups.The per-share deal value of $45 represents…
Qualcomm delivered a fiscal fourth-quarter earnings and revenue beat , but that may not have been enough to satisfy some investors. The chip provider earned an adjusted $3 per share on revenue of $11.27 billion during its fiscal fourth quarter. That exceeded LSEG estimates for earnings per share of $2.88 and $10.79 billion in revenue. Qualcomm also issued a strong forecast for its current quarter. The company new expects revenue of between $11.8 billion and $12.6 billion, higher than the average analyst estimate of $11.62 billion. Adjusted earnings should come in at $3.30 to $3.50 per share, while analysts had…
