Apple CEO Tim Cook, left center, escorts President Donald Trump as he tours Apple’s Mac Pro manufacturing plant in Austin, Texas, Nov. 20, 2019.Tom Brenner | ReutersApple CEO Tim Cook and President Donald Trump announced on Wednesday announced it will spend an additional $100 billion on U.S. companies and suppliers over the next four years.The company said its investment would incentivize overseas companies to buy more U.S.-made parts. The commitment is on top of a $500 billion announcement that Apple made in February.”This is the largest investment Apple has ever made in America and anywhere else,” Trump said. “As you…
Author: usaeverydaylife
Richard Christiansen traded in a life of luxury (goods) for life on the farm, though it happened in an unexpected way.A vegetable farmer he was in touch with during Covid told him they were going to “lose the farm” as all the restaurants they sold to closed. “We said bring the vegetables over and we will sell them,” Christiansen recalled in an interview at CNBC’s “Small Business Playbook.””I had spent my whole life in advertising and one farm became two, and then ten, and then 150 farms,” he said in an interview with CNBC’s Julia Boorstin at the virtual event.While…
Airbnb reported second-quarter results on Wednesday that beat analysts’ expectations. Here’s how the company did based on average analysts’ estimates compiled by LSEG:Earnings per share: $1.03 vs. 93 cents expectedRevenue: $3.10 billion vs. $3.04 billion expectedRevenue increased 13% from $2.75 billion during the same period last year. The company reported net income of $642 million, or $1.03 per share, up from $555 million, or 86 cents per share, a year earlier.In the third quarter, Airbnb expects to report revenue of $4.02 billion to $4.10 billion, or $4.06 billion in the middle of the range. Analysts were expecting $4.05 billion for the…
Snowflake and Pinterest are among a handful of companies set to surprise Wall Street when they report earnings, according to Morgan Stanley. Earnings momentum is strong. Nearly three-quarters of S & P 500 companies have reported results so far, with about 82% of the names posting beats on earnings estimates, according to FactSet. With several big-name reports slated for the month ahead, Morgan Stanley analyst Ronald Ho highlighted more than two dozen companies reporting between Aug. 5 and Sept. 2 that could boast strong earnings results. The stocks he mentioned are each rated overweight by Morgan Stanley analysts and fall…
An empty Lyft pickup area is shown as ride-share drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights,” in Los Angeles on Aug. 20, 2020.Mike Blake | ReutersLyft missed second-quarter revenue estimates on Wednesday, weighed down by intensifying competition with Uber and weakening U.S. travel demand, sending its shares down about 9% in trading after the bell.Larger rival Uber Technologies, which offers ride-hailing, food and grocery delivery business globally, issued an upbeat forecast for the third-quarter earlier in the day,…
FILE PHOTO: U.S. President Donald Trump and Russian President Vladimir Putin hold a bilateral meeting at the G20 leaders summit in Osaka, Japan, on June 28, 2019.Kevin Lamarque | ReutersU.S. President Donald Trump plans to meet in person with Russian President Vladimir Putin as early as next week, the New York Times reported on Wednesday, citing two people familiar with the plan.Trump then plans to meet with Putin and Ukrainian President Volodymyr Zelenskiy together, the newspaper reported, adding that the plans were disclosed in a call with European leaders on Wednesday.”The Russians expressed their desire to meet with President Trump, and the President is open to meeting with both President Putin and President Zelenskiy. President Trump wants this brutal war…
Doordash food delivery service in New York City on Feb. 13, 2025. Danielle DeVries | CNBCDoorDash shares climbed about 5% in extended trading on Wednesday after the food delivery company reported better-than-expected earnings and revenue for the second quarter.Here’s how the company did compared to analyst estimates based on LSEG’s consensus:Earnings per share: 65 cents vs. 44 cents expectedRevenue: $3.28 billion vs. $3.16 billion expectedRevenue jumped 25% from $2.63 billion a year earlier, DoorDash said in a press release. The company reported net income of $285 million, or 65 cents a share, after recording a loss of $157 million, or 38…
Wharton School marketing professor Jonah Berger has advised Google, Nike, Apple and Coca-Cola, among other major firms, on how small language choices can be the difference between failure and success with customers and partners. The same is true for any individual, he says, whether it be at work, in business, or when seeking to influence those who surround us in personal life.”We all use language all the time, when writing emails, making presentations, talking to clients and team members,” Berger said at CNBC’s Small Business Playbook virtual event on Wednesday.”We think a lot about ideas we want to communicate, but…
U.S. President Donald Trump points towards Federal Reserve Chair Jerome Powell holding a document during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | ReutersFederal Reserve Governor Adriana Kugler’s surprise resignation last week brought back a scenario that seemed to be fading but could have important ramifications for how the central bank conducts policy.With the open seat on the influential central bank board, President Donald Trump now has a number of strategic options, including one where he could appoint a so-called shadow chair whose job would…
Many on Wall Street expect that Novo Nordisk ‘s loss has been Eli Lilly ‘s gain, and this will be good news for the Zepbound maker’s second-quarter results. Novo Nordisk’s stock has cratered about 47% since the start of the year, as doubts emerged about the outlook for its GLP-1 drugs, Ozempic for diabetes and Wegovy for obesity. The company has said its business has been hurt by competition from compounding pharmacies, which are making knock-off versions of its semaglutide, the active ingredient in both brands. This prompted Novo to cut its annual forecast and oust its CEO. Lilly’s business…
