The President of the European Central Bank Christine Lagarde at the 2025 European Central Bank Forum on Central Banking on June 30, 2025 in Sintra, Portugal.Horacio Villalobos | Corbis News | Getty ImagesThe European Central Bank on Thursday kept interest rates steady amid major economic uncertainty, as the European Union scrambles to negotiate a trade agreement with the U.S. before the end of the month.The ECB has cut interest rates at each of its four meetings so far this year, taking its key deposit facility from 3% in January to 2% in June. Last year it reduced rates from a…
Author: usaeverydaylife
Check out the companies making headlines in premarket trading. Meme stocks — These stocks once again are making attention-grabbing moves. Opendoor Technologies jumped 7%, while GoPro and Krispy Kreme each fell around 4%. Dow Inc. — The chemical company’s stock slid more than 10% after disappointing second-quarter results. Dow posted a loss of 42 cents per share, excluding items, on $10.1 billion in revenue, while analysts penciled in a loss of 17 cents a share and $10.23 billion, respectively, according to LSEG. Alphabet — Shares of the Google parent rose almost 4% on a stronger-than-anticipated earnings report. Alphabet earned $2.31…
Analysts on the Street are impressed by Google parent Alphabet ‘s second-quarter results, with a handful raising their estimates on the stock. Alphabet on Wednesday exceeded top- and bottom-line estimates , and saw its overall revenue jump 14% year over year — higher than the 10.9% Wall Street expected. The company also expects more AI-related spending, lifting its capital expenditures forecast for 2025 due to “strong and growing demand for our Cloud products and services.” The robust results quelled investors fears that the search engine giant’s AI strategy is flailing compared to peers, particularly as chatbots such as OpenAI and…
A general view outside the United Healthcare corporate headquarters on December 4, 2024 in Minnetonka, Minnesota. Stephen Maturen | Getty ImagesUnitedHealth Group revealed Thursday it is facing a Justice Department investigation over its Medicare billing practices.It comes after the Wall Street Journal reported in May that the Department of Justice is conducting a criminal investigation into the health-care giant over possible Medicare fraud. In response at the time, the company said it stands “by the integrity of our Medicare Advantage program.”In July, the Journal also reported that the DOJ interviewed several doctors about UnitedHealth’s practices and whether they felt pressured to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Phil LeBeau and American Airlines CEO Robert Isom join ‘Squawk Box’ to discuss the company’s quarterly earnings results, Q3 profit forecast, softness in domestic travel, corporate travel demand outlook, and more. Source link
Packages ride on a conveyor belt during Cyber Monday at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida.Miguel J. Rodriguez Carrillo | Getty ImagesAmazon is turning to the startup world to find a potential fix for one of its thorniest logistics problems.Retailers of all sizes have in recent years struggled with an uptick in fraudulent returns. The scam involves shoppers requesting a refund, but instead of returning the merchandise, they keep the item and send back an empty package or a box of unrelated junk.It’s become a costly nuisance for retailers, accounting for $103 billion in losses…
Turkish lira and U.S. dollarResul Kaboglu | NurPhoto via Getty ImagesTurkey’s central bank on Thursday cut its key interest rate by three points points to 43%, returning down the path of monetary easing. The step marked the first rate reduction since April, when the bank hiked rates to 46% in the wake of the controversial arrest of Istanbul Mayor Ekrem Imamoglu, which sent the Turkish lira tumbling.The move also suggests confidence in the monetary policy committee’s work toward tackling inflation, which sat at 35.05% in June but has been steadily decreasing.”The tight monetary policy stance, which will be maintained until…
Wall Street ratings were a mixed bag after Tesla’s second-quarter financial results. Tesla on Wednesday reported a second straight quarter of declining automotive sales , which came in at $16.7 billion for the period, down from $19.9 billion in the same quarter last year. The company also missed on top and bottom lines. Shares of the electric vehicle maker plunged 6% in premarket trading, piling on its roughly 17.7% year to date loss. Tesla has struggled in key markets such as China and Europe and notably lost market share to Chinese companies that have released lower cost EV models. Still,…
Key PointsPrivate investment firms of the ultra wealthy made 375 direct investments in the first half of 2025, a 32% annual drop, according to Fintrix.Family offices are still showing interest in hard assets needed by AI, such as data centers, and are also looking abroad.Family office experts told CNBC that firms have capital they need to deploy but are waiting for clarity around tariffs and geopolitics.A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Investment…
American Airlines planes on the tarmac at the Miami International Airport on Feb. 19, 2025 in Miami, Florida.Joe Raedle | Getty ImagesAmerican Airlines’ third-quarter profit forecast fell short of expectations as the carrier reinstated its 2025 financial forecast well below its outlook at the start of the year.American on Thursday forecast a 2025 adjusted per-share loss of as much as 20 cents or earnings of as much as 80 cents, down from adjusted earnings estimates of between $1.70 to $2.70 it made in January. American, along with other airlines, pulled its 2025 financial outlook in April as carriers grappled with…
