Shoppers carry Macy’s and Nordstrom bags at Broadway Plaza in Walnut Creek, California, US, on Monday, Dec. 16, 2024. The Bureau of Economic Analysis is scheduled to release personal spending figures on December 20.David Paul Morris | Bloomberg | Getty ImagesWhile the impact so far this year has been muted, tariffs are expected to catch up with prices consumers pay just in time for the holiday shopping season.President Donald Trump’s tariffs on a plethora of items and individual countries, which started in April, have coincided with common inflation measures trudging along between 2.5% and 3% this year.While economists don’t see…
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Linde ‘s earnings beat Friday couldn’t overcome a cash flow miss and softer guidance. Shares of the industrial gas giant are down 2%. Revenue for the third quarter ended Sept. 30 increased roughly 3% versus the year-ago period, coming in at $8.62 billion, edging out the $8.61 billion consensus estimate compiled by LSEG. Adjusted earnings per share rose nearly 7% year over year to $4.21, exceeding the $4.18 expected, according to LSEG. Linde Why we own it: The industrial gas supplier and engineering firm has a stellar track record of consistent earnings growth. Its exposure to a wide range of…
The latest results from Coinbase got only a slight boost from the firm’s partnerships with big banks, but it’s that unit that has Wall Street so optimistic on the crypto platform for the long term. The company’s stock rose 9% on Friday, just one day after Coinbase posted revenue of $1.87 billion for the third quarter, topping analysts’ estimates of $1.8 billion, per FactSet data. The cryptocurrency exchange’s topline grew as it partnered with financial giants like J.P. Morgan and PNC — an emerging focal point of its corporate strategy. Coinbase is “fast becoming the AWS of Crypto financial infrastructure…
Large-cap biotech Regeneron Pharmaceuticals is judged to be in the throes of a “bearish-to-bullish” reversal, with the prospective completion of the bottoming-out process implying a move to the $750+/- level … some 15% higher than where the stock is trading at present. We’re buyers here. The four identical charts tell the tale. DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT…
US President Donald Trump (R) speaks during a meeting with Australia’s Prime Minister Anthony Albanese in the Cabinet Room at the White House in Washington, DC, on Oct. 20, 2025. Saul Loeb | AFP | Getty ImagesA federal judge in Rhode Island on Friday blocked the Trump administration from ceasing to pay SNAP benefits during the U.S. government shutdown.The oral ruling by Judge Jack McConnell came a day before the administration was set to cut off those food stamp benefits from 42 million Americans.A Justice Department lawyer argued during a hearing that the SNAP program did not exist anymore because…
Thomas Fuller | Sopa Images | Lightrocket | Getty ImagesAffirm is expanding its partnership with New York Life Insurance, a move that highlights how traditional financial giants are deepening their exposure to fintech-driven consumer lending.Under the new agreement, New York Life will purchase up to $750 million worth of Affirm’s installment loans through 2026, giving the payments company fresh off-balance-sheet funding to support roughly $1.75 billion in annual loan volume.The deal extends a relationship that began in 2023, when New York Life first started investing in Affirm’s asset-backed securities and other loan structures.To date, the insurer has funneled nearly $2…
These are some of the stocks posting the largest moves midday. Source link
Darren Woods, chairman and chief executive officer Exxon Mobil Corp., speaks during a panel discussion at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University in Pittsburgh, Pennsylvania, US, on July 15, 2025. Brian Kaiser | Bloomberg | Getty ImagesExxon Mobil is holding advanced talks with power providers and technology companies to cut the emissions of AI data centers that rely on natural gas by deploying carbon capture technology, CEO Darren Woods said on Friday.”I’m hopeful that many of these hyperscalers are sincere when they talk about the desire to have low emission facilities, because certainly in the…
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty ImagesReddit’s stock popped more than 12% Friday after the company surpassed third-quarter estimates and signaled strong advertising growth.The social media platform’s revenues surged 68% from a year ago to $585 million, beating an LSEG estimate of $546 million. Earnings per share totaled 80 cents, surpassing an estimate of 51 cents.Reddit also released a better-than-expected sales…
It was not surprising that Amazon shares surged on Friday morning after the company’s “show me” quarter proved to be a “show of major force” from CEO Andy Jassy, according to CNBC’s Jim Cramer. Amazon reported third-quarter results Thursday evening that reignited investor enthusiasm in its cloud business, Amazon Web Services, the biggest in the world. The stock hit an all-time high of over $250 per share during Friday’s session. It must finish the day just above $242 to also make it a record-high close. Revenue from AWS – the company’s profit engine – surged 20% year over year to…
