Club stock Palo Alto Networks dropped Thursday evening on a strong quarter and a solid full-year outlook that were not good enough to satisfy investors’ lofty expectations. Revenue for the cybersecurity company’s fiscal 2025 second quarter increased 14% year over year to $2.26 billion, exceeding the LSEG-complied Wall Street consensus estimate of $2.24 billion. Adjusted earnings per share (EPS) increased 11% to 81 cents in the three months ended Jan. 31, ahead of the 78-cent LSEG consensus estimate. Palo Alto Networks Why we own it: We believe cybersecurity is a secular growth market as bad actors are relentless and companies…
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President Donald Trump held off on enacting reciprocal tariffs for now, which helped lift stocks on Thursday. Here’s what CNBC is watching going into Friday. Source link
Dr. Len Yaffe, Kessef Capital, joins ‘Fast Money’ to talk the impact of RFK Jr. on the healthcare industry. Source link
U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands, at the White House in Washington, D.C., U.S., Feb. 13, 2025. Kevin Lamarque | ReutersIndia and the U.S. will work to more than double bilateral trade to $500 billion by 2030, Indian Prime Minister Narendra Modi said at a joint press conference with U.S. President Donald Trump on Thursday.Speaking at the conclusion of the two leaders’ meeting in Washington, Modi also said that “Our teams will work on concluding very soon, a mutually beneficial trade agreement.”Trump acknowledged India’s recent move to reduce tariffs on select imports and said he…
The entrance of the United States Embassy in Bogota, Colombia on Jan. 26, 2025.Pablo Vera | Afp | Getty ImagesPresident Donald Trump’s administration has asked U.S. embassies worldwide to prepare for staff cuts, three sources familiar with the matter told Reuters on Thursday, as part of the Republican president’s effort to overhaul the U.S. diplomatic corps.The sources said some embassies had been asked to look into reducing both U.S. staff as well as locally-employed staff by 10% each, with a list of the workforce due to be sent to the State Department by Friday, which will then determine further actions.U.S. embassies around the world employ both diplomats and local staff. Most embassy staff come from the host country, according to the National Museum of American Diplomacy.Separately,…
Workers walk past manufacturing equipment at Eli Lilly & Co. manufacturing plant in Kinsale, Ireland, on Sept. 12, 2024. Lilly has been bulking up its production capacity since 2020, investing more than $17 billion into developing new plants and expanding existing facilities for the weight-loss and diabetes drugs that are expected to become some of the best-selling medicines of all time. Bloomberg | Bloomberg | Getty ImagesThe U.S. imported roughly $600 billion worth of goods from European Union member states in 2024, and as President Trump prepares to potentially extend his tariffs beyond metals to a wide range of products from…
CNBC’s Julia Boorstin joins ‘Closing Bell Overtime’ to talk Airbnb earnings. Source link
Beata Zawrzel | Nurphoto | Getty ImagesTikTok returned to the Apple and Google app stores Thursday evening.The Chinese-owned social media app had been removed from the the two stores on Jan. 18, moments after TikTok’s leadership temporarily halted service in the U.S. in response to a national security law that went into effect the next day.Nearly a month later, TikTok is once again available for download in the Apple App Store and Google Play. Internet service providers like Apple, Google and Oracle could have incurred harsh penalties for violating the Protecting Americans from Foreign Adversary Controlled Applications Act. That law,…
AUBURN, Ala. — Pastor Carl McKay goes back with the Broome family of Plant City, Fla. So far back, he was there for the earliest inklings of the Broome family.“I was picking my daughter up from the rec center and out comes John (Broome) and Julie (Murray) holding hands,” McKay said of two people who now share 20 years of marriage and three kids, including one of the best college basketball players in America. “They would have been 13. I said, ‘Y’all, stop holding them hands, you’re too young for that stuff.’”McKay has continued dispensing advice over the years, solicited…
Hours after President Trump paved the way for upending the United States’ trade relationship with India with broad “reciprocal” tariffs, he and Prime Minister Narendra Modi presented a united front during a news conference on Thursday at the White House.Mr. Modi became the latest head of state to seek to placate an increasingly power-flexing Mr. Trump by trying to accommodate his demands — even as Mr. Trump’s promised tariffs hung over the White House meeting. Mr. Modi heaped praise on Mr. Trump, using his motto “Make America Great Again” in English, despite mostly speaking through a translator, and applying the…
