Cheng Xin | Getty Images News | Getty ImagesUnitedHealth on Tuesday raised its annual profit forecast and said it aims to grow in 2026, in a sign that the turnaround efforts under new CEO Stephen Hemsley were gaining steam.Shares of the company rose over 3% in premarket trading after third-quarter earnings came ahead of Wall Street expectations as the U.S. health insurer kept medical costs in check.Hemsley, who was at the helm of the company from 2006 to 2017, has been working to regain investor and consumer trust in the wake of an unexpected surge in medical costs, a federal…
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Citi sees more upside ahead for Gold Fields on top of its already impressive year-to-date rally. The bank initiated the South Africa-headquartered gold miner at a buy rating. Analyst Ephrem Ravi’s $50 price target is about 33% higher than where shares of Gold Fields closed on Monday. The stock has soared more than 184% this year as gold prices surged to record levels above $4,000 per ounce. However, Ravi thinks the miner can build on those strong gains. GFI YTD mountain GFI YTD chart Ravi applauded Gold Fields for being the world’s eighth largest gold producer and having a diversified…
Cheng Xin | Getty Images News | Getty ImagesUnitedHealth on Tuesday raised its annual profit forecast and said it aims to grow in 2026, in a sign that the turnaround efforts under new CEO Stephen Hemsley were gaining steam.Shares of the company rose over 3% in premarket trading after third-quarter earnings came ahead of Wall Street expectations as the U.S. health insurer kept medical costs in check.Hemsley, who was at the helm of the company from 2006 to 2017, has been working to regain investor and consumer trust in the wake of an unexpected surge in medical costs, a federal…
Google CEO Sundar Pichai waves as he arrives to attend the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 11, 2025. Benoit Tessier | ReutersAlphabet has a high bar to clear when it reports earnings Wednesday.The company’s stock price soared 38% in the third quarter, its best quarterly performance in two decades. It’s continued to rally, climbing 11% so far in October, closing at a record on Monday.With revenue growth stuck in the low teens of late, and expected to come in at 12% next year, investors have recalibrated their expectations after witnessing speedier growth…
A cargo ship is loading and unloading foreign trade containers at Qingdao Port in Qingdao City, Shandong Province, China on July 28, 2025.CFOTO | Future Publishing | Getty ImagesGlobal trade is not broken, despite the disruption, pressure and shock of trade tariffs introduced by the U.S. this year, the head of the World Trade Organization (WTO) told CNBC Tuesday.”Many people have the impression that, because of the unilateral actions of the U.S., that global trade is broken. Yes [they’ve] been a great disruption — the greatest disruption of global trade in 80 years — but we are pleased to see…
Alex Chriss, CEO of PayPal Inc.Courtesy: PayPalPayPal has signed a deal with OpenAI to have its digital wallet embedded into ChatGPT so users can pay for items found through the leading consumer AI tool, the company told CNBC exclusively.Shares of the company jumped 13% in premarket trading on the news.The agreement, sealed over the weekend, means that starting next year, both sides of PayPal’s ecosystem can plug into ChatGPT: PayPal users can purchase items through the AI platform, and its merchants can sell on it, with their inventory listed there, according to PayPal CEO Alex Chriss.”We’ve got hundreds of millions…
UBS predicts another strong quarter for Amazon . The bank maintained its buy rating on the e-commerce giant and lifted its 12-month price target to $279 per share from $271. The new forecast implies upside of 23% from Monday’s close. The target change comes ahead of Amazon’s third-quarter report. Analyst Stephen Ju made made several revisions to his Amazon estimates ahead of the release, including a modest increase to its e-commerce segment due to benefits from higher third-party seller inventory levels. The analyst sees this accompanied by likely margin expansion due to improving unit economics. He also cited the potential…
Microsoft cofounder Bill Gates attends a private dinner for technology and business leaders hosted by U.S. President Donald Trump in the State Dining Room at the White House in Washington, D.C., U.S., September 4, 2025. Brian Snyder | ReutersMicrosoft co-founder Bill Gates, who wrote a book in 2021 titled, “How to Avoid a Climate Disaster,” now says leaders need to shift their approach to climate change.In a letter published Tuesday ahead of next week’s COP30 U.N. climate summit, Gates argued that too many resources are focused on emissions and the environment, and that more money should go toward “improving lives”…
People pass by The Spheres in downtown Seattle, Washington, on June 25, 2025. Juan Mabromata | AFP | Getty ImagesAmazon said Tuesday that it will lay off about 14,000 corporate employees, marking the latest cuts in the company’s multi-year effort to rein in costs.In a blog post, the company wrote that the layoffs are being carried out to help make the company leaner and less bureaucratic, while it looks to invest in “our biggest bets” including generative artificial intelligence.”This generation of AI is the most transformative technology we’ve seen since the Internet, and it’s enabling companies to innovate much faster…
Cathie Wood, founder and chief executive of ARK Invest, says embodied AI in the healthcare space is “one of the most profound applications of AI” which will be central to a productivity and innovation boom in the coming years. Wood told CNBC in an exclusive interview that ARK — which invests in disruptive technology opportunities — is now focused on pure plays in the innovation space. These span robotics, energy storage, AI, blockchain technology and “especially” multiomic sequencing in the healthcare space, which Wood says is “the most underestimated and underappreciated” of all the investment themes. Multiomic sequencing in healthcare…
