In this photo illustration, iPhone screens display various social media apps on the screens on February 9, 2025 in Bath, England.Anna Barclay | Getty Images News | Getty ImagesThe European Commission, the executive arm of the European Union, said on Friday that it had preliminarily found both TikTok and Meta in breach of its transparency rules.It accused the U.S. tech giants of breaching their obligation to give researchers “adequate access” to public data under the Digital Services Act (DSA) — the EU’s landmark tech legislation.”The Commission also preliminarily found Meta, for both Instagram and Facebook, in breach of its obligations to provide users…
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“Supply constrained,” are the two of the most important words CNBC’s Jim Cramer said he’s heard so far during earnings season and explained why this dynamic is favorable for companies.”When you’re supplied constrained, you have the ability to raise prices, and that’s the holy grail in any industry,” he said.Intel’s strong earnings results were in part because of more demand than supply, Cramer suggested. He noted that the company’s CFO, David Zinsner, said the semiconductor maker is supply constrained for a number of products, and that “industry supply has tightened materially.”Along with Intel, other tech names that are also supply…
Ontario Premier Doug Ford speaks during a campaign stop at Walker Construction in Niagara Falls, Ontario, Canada, on Jan. 31, 2025.Carlos Osorio | ReutersOntario Premier Doug Ford clapped back Friday at President Donald Trump for terminating all trade negotiations with Canada over an ad that Ontario has been running in the U.S. featuring former President Ronald Reagan criticizing tariffs.Trump late Thursday night cited a complaint about the ad by The Ronald Reagan Presidential Foundation and Institute for his decision to end talks.”TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL…
Check out the companies making headlines in midday trading. Ford Motor — The Detroit automaker surged 10.7% following its third-quarter earnings beat . Ford’s adjusted earnings of 45 cents per share topped the 36 cents expected from analysts polled by LSEG. Revenue came in at $47.19 billion, versus the $43.08 billion consensus estimate. Alphabet — Shares of the tech giant popped 2.5% after artificial intelligence company Anthropic and Alphabet’s Google officially announced their cloud partnership . The deal, worth tens of billions of dollars, gives Anthropic access to up to one million of Google’s custom-designed Tensor Processing Units, or TPUs. Intel —…
Check out the companies making headlines before the opening bell : Intel — The chip stock surged more than 7% in premarket trading after the company reported better-than-expected revenue as demand for its core x86 processors for PCs recovered. Ford Motor — The Detroit automaker moved 4.2% higher following its third-quarter earnings beat . Ford’s adjusted earnings of 45 cents per share topped the 36 cents expected from analysts polled by LSEG. Revenue came in at $47.19 billion, versus the $43.08 billion consensus estimate. Applied Materials — Chip equipment manufacturer saw shares dip slightly after the firm announced it is laying…
JPMorgan is coming off the sidelines when it comes to Coinbase . The bank upgraded shares of the cryptocurrency exchange to an overweight rating from neutral. It also lifted its price target to $404 per share from $342. Coinbase stock has rallied 30% this year, but the firm said it still has an attractive valuation versus competitors. JPMorgan’s revised forecast calls from an additional upside of 25% from here. COIN YTD mountain COIN YTD chart As a catalyst, analyst Kenneth Worthington pointed to Coinbase’s exploration of launching a potential Base token, which he sees as accelerating the growth of development…
CNBC’s “Fast Money” team share their final trades of the day. Source link
Ontario Premier Doug Ford said Friday the province will pause airing a television ad featuring former President Ronald Reagan criticizing tariffs so that U.S.-Canada trade talks can resume — but only after the ad is shown during the first two World Series games this weekend.Ford’s move means millions of World Series viewers will see the ad that President Donald Trump cited for his decision Thursday to terminate trade negotiations with Canada.”Our intention was always to initiate a conversation about the kind of economy that Americans want to build and the impact of tariffs on workers and businesses,” Ford said in…
Portland Trailblazers head coach Chauncey Billups exits the Mark O. Hatfield United States Courthouse after his arraignment on October 23, 2025 in Portland, Oregon.Mathieu Lewis-Rolland | Getty ImagesPortland Trail Blazers Head Coach Chauncey Billups appears to be an unnamed co-conspirator identified in a criminal indictment as telling another man the team planned to intentionally lose a March 2023 game against the Chicago Bulls to improve the Trail Blazers’ chances of getting a better pick in the NBA draft.Details in the indictment describing the NBA playing and coaching career of “Co-Conspirator 8,” who leaked the plan to tank the game, match…
LONDON — European stocks reversed course to close higher on Friday as investors reacted to a delayed U.S. inflation print and a flurry of corporate earnings reports.The pan-European Stoxx 600 was 0.2% higher at the end of Friday’s session, paring earlier losses, with major bourses and sectors broadly in positive territory. London’s FTSE 100 extended gains that saw it close at a record high on Thursday, with the U.K. index ending Friday up 0.7%.Across the Atlantic, the U.S. Bureau of Labor Statistics on Friday said that America’s annual inflation rate hit a lower-than-expected 3% in September. U.S. stocks rose following…
