German Chancellor Olaf Scholz giving a government declaration on domestic issues at the Bundestag on January 29, 2025 in Berlin, Germany.Sean Gallup | Getty ImagesThe German parliament rejected an opposition draft law on tightening immigration policy on Friday, two days after the opposition conservatives were accused of breaching an agreement against cooperating with the far right for the first time.Opposition leader Friedrich Merz, whose conservatives are leading in the polls before a Feb. 23 snap election, said the new law was a necessary response to a series of high-profile killings in public spaces by people of immigrant background.His similar, non-binding…
Author: usaeverydaylife
A few companies have momentum by their side ahead of their quarterly results out next week. The fourth-quarter earnings season is off to a strong start, with just over 77% of S & P 500 companies that have reported exceeding expectations. That’s well above the 10-year average of 75%, per FactSet . Heading into the busiest week of the reporting period — more than 100 S & P 500 names are slated to post results — CNBC Pro set out to find which stocks analysts have become more bullish on ahead of the releases. Using FactSet, we looked for companies…
FBI headquarters building is seen in Washington.Yuri Gripas | ReutersWASHINGTON — Several top FBI executives promoted by former Director Christopher Wray were told Thursday to resign or retire or they would be fired, according to multiple current and former bureau officials.The purge of senior officials includes about a half-dozen “executive assistant directors,” who are some of the bureau’s top managers overseeing criminal, national security and cyber investigations. They are career civil servants, meaning they can’t be fired without cause.Follow live politics coverage hereAlso targeted were at least two heads of field offices in Miami and Las Vegas, the sources said. “I was informed…
From Billie Eilish and Sabrina Carpenter to Kendrick Lamar and SZA, 2025 promises to be another big year for live music events. That may also mean concert-goers will be shelling out more for their favorite shows.After rising steadily post-pandemic, admission to movies, theaters, and concerts jumped 20% since 2021, according to the Bureau of Labor Statistics’ consumer price index data.And yet, consumers have demonstrated a high tolerance for the increasing price tag, also known as “funflation.”Concert goers attended an average of seven shows in 2024, and most plan to see more in 2025, according to a recent report by CouponCabin.The survey…
Gaza’s border with Egypt is reopening to allow sick and wounded Palestinians to leave the enclave, officials said Friday, after more than eight months during which many were trapped there.Reopening the crossing at Rafah, which has long been the enclave’s lifeline to the outside world, is a key stipulation of the cease-fire deal between Israel and Hamas. Mediators hope that the agreement — which has begun with a 42-day cease-fire and hostage-for-prisoner swaps — will ultimately end the devastating 15-month-long war in Gaza.As part of the truce, Israel agreed to reopen the Rafah crossing after the release of the remaining…
Shares of Apple (AAPL) were on the rise after the iPhone maker forecast strong sales growth for the current quarter. Apple was unloved and arguably fell out of favor in 2024 as AI darling Nvidia overtook the favorite tech stock crown. As this week’s big tech earnings have been quite bifurcated (Microsoft lower, Meta to new highs), I believe more volatility and revaluation will transpire within the ‘Magnificent 7’ stocks. This continued tech sector volatility should allow an investor to create an opportunity (using options) for the former heavyweight champion in Apple. AAPL 1Y mountain Apple, 1 year Apple is…
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. Europe’s richest person, Bernard Arnault, built his fortune on designer handbags and Champagne. His latest bet: security guards. Last week, Arnault’s private venture arm and family office, Aglaé Ventures , participated in a $12 million fundraise for Belfry, a startup that handles logistics such as billing for security firms, alongside two co-investors. Aglaé’s portfolio also includes Airbnb and Netflix . The round marks a busy month…
European Central Bank President Christine Lagarde sat down with CNBC’s Karen Tso for a wide-ranging, exclusive interview on the sidelines of the World Economic Forum’s annual meeting in Davos, Switzerland. The meeting kicked off the day after the inauguration of U.S. President Donald Trump, and the subject of potential trade tariffs were one of the dominant topics of discussion.”What we need to do here in Europe is to be prepared and anticipate what will happen in order to respond,” Lagarde told CNBC.In response to rising digital transactions, the ECB is developing a digital euro. However, Lagarde was hesitant to confirm its…
It may be time for investors to look outside the U.S. for stronger returns, Bank of America warned clients. Strategist Michael Hartnett remarked in his weekly “Flow Show” note that “U.S. exceptionalism [is] peaking,” noting that “tailwinds of excess U.S. fiscal spend, immigration, AI capex bubble fading.” Indeed, the artificial intelligence bull narrative took a huge hit this week with the emergence of Chinese AI startup DeepSeek — which was able to produce a large language model for less than $6 million. That’s a fraction of the billions of dollars U.S. companies are paying to develop their AI capabilities. The…
Mike Cannon-Brookes, co-founder of software company Atlassian Corp., in Sydney, Australia, Dec. 6, 2023.Lisa Maree Williams | Bloomberg | Getty ImagesAtlassian shares popped 20% in premarket trading after blowing past Wall Street’s fiscal second-quarter earnings and guidance expectations.Adjusted earnings came in at 96 cents per share, ahead of the 76 cents per share projected by analysts polled by LSEG. Atlassian reported revenues of $1.29 billion, versus the $1.24 billion estimate.For the third quarter, Atlassian said it anticipates $1.35 billion in revenue, above the $1.31 billion LSEG estimate and previous guidance.Atlassian benefitted from robust cloud and data center growth during the…
