Sam Altman, CEO of OpenAI attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 8, 2025. David A. Grogan | CNBCOpenAI is in talks with investors about a potential stock sale at a valuation of roughly $500 billion, according to two sources with knowledge of the matter.The talks are in early stages and would involve a secondary sale with shares sold by current and former employees, said the people, who asked not to be named because the discussions are confidential. Thrive Capital, an investor in…
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It’s time to move to the sidelines on Snap following a second-quarter miss , according to Citizens. Citizens analyst Andrew Boone downgraded the social media stock to market perform from market outperform. The analyst also removed his prior price target of $12 per share. The stock plunged 18% in Wednesday’s premarket after its second-quarter revenue missed expectations. The company’s top line came in at $1.34 billion, while analysts polled by LSEG expected sales of $1.35 billion. The company’s global average revenue per user came out to $2.87, missing expectations of $2.90. SNAP YTD mountain SNAP YTD chart One headwind the…
Check out the companies making headlines in premarket trading. McDonald’s — Shares of the fast food giant gained more than 4% after second-quarter results surpassed analyst estimates. McDonald’s earned $3.19 per share after adjustments on revenue of $6.84 billion. Analysts polled by LSEG were looking for a profit of $3.15 per share and revenue of $6.7 billion. Walt Disney — The media and entertainment giant slipped more than 1% on the back of mixed quarterly results . Revenue for its fiscal third quarter came in at $23.65 billion, short of the $23.73 billion estimate from LSEG. Adjusted earnings were $1.61…
U.S. President Donald Trump speaks to members of the media on the South Lawn of the White House in Washington, U.S., on Friday, Aug. 1, 2025.Aaron Schwartz | Bloomberg | Getty Images U.S. President Donald Trump joined CNBC’s “Squawk Box” Tuesday for a lengthy interview that touched on tariffs, the Federal Reserve, the state of Russia’s economy and being rejected as a customer by JPMorgan Chase and Bank of America.For those pressed for time and want a very broad TL;DR: Trump appears to be digging in on his policies.With modified country-specific “reciprocal” tariffs due to start Aug. 7 — and…
There’s a rosy outlook ahead for Hologic , according to RBC Capital Markets. The bank upgraded shares of the medical technology provider to outperform from sector perform. Analyst Conor McNamara accompanied the move by raising his price target to $87 per share from $72. Shares of Hologic have slipped 6% this year, but McNamara’s revised price forecast implies an upside ahead of 28%. HOLX YTD mountain HOLX YTD chart “Our new price target assumes HOLX returns to historic multiples seen when the company was growing revenue MSD [mid-single digit] and beating / raising,” the analyst wrote. McNamara said he believes…
Traders work on the floor of the New York Stock Exchange during afternoon trading on August 1, 2025 in New York City. Michael M. Santiago | Getty ImagesStock futures rose on Wednesday as investors analyzed the latest batch of corporate earnings following a losing session on Wall Street.Futures linked to the S&P 500 were up 0.2%, and Dow Jones Industrial Average futures traded 131 points higher, or 0.3%. Nasdaq 100 futures ticked higher about 0.1%.Among the outperformers, McDonald’s jumped 3% after the fast-food restaurant saw its second-quarter results beat the Street’s estimates on the top and bottom lines. Same-store sales…
Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCUber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback.Here’s how the company did versus analysts’ estimates compiled by LSEG:Earnings per share: 63 cents vs. 63 cents expected.Revenue: $12.65 billion vs. $12.46 billion expected.Here are the key segment numbers:Mobility (gross bookings): $23.76 billion, up 18% year over yearDelivery (gross bookings): $21.73 billion, up 20% year over yearUber’s revenue increased 18% from $10.7 billion a year earlier. For the quarter ending June 30, net income…
Advanced Micro Devices failed to clear the earnings bar analysts had set for the second quarter. Shares of AMD shed 6% in Wednesday’s premarket trading hours after the chipmaker reported adjusted earnings of 48 cents per share, missing the 49 cents per share analysts polled by LSEG had forecast. “AI business revenue declined year over year as U.S. export restrictions effectively eliminated MI308 sales to China, and we began transitioning to our next generation,” CEO Lisa Su said during a call with analysts. But while the company’s earnings missed the mark, AMD’s $7.69 billion in overall revenue exceeded the expected…
Triple H looks on during WrestleMania 41 Saturday at Allegiant Stadium on April 19, 2025 in Las Vegas, Nevada. Georgiana Dallas | WWE | Getty ImagesThe WWE is coming to ESPN.The Disney-controlled sports and entertainment business will pay an average of $325 million per year for five years of U.S. rights to the WWE’s biggest live events, including WrestleMania, the Royal Rumble and SummerSlam, beginning in 2026, according to people familiar with the matter who declined to be naming speaking about the deal specifics. Spokespeople at WWE and ESPN declined to comment.NBCUniversal’s Peacock had previously paid $180 million per year…
Key PointsPresident Donald Trump is putting pressure on the European Union to make investments worth $600 billion in the U.S.The pledge is part of the EU-U.S. trade agreement, which also includes 15% tariffs on EU goods.The EU has said the investment will come from the private sector.U.S. President Donald Trump is hailing a win after the European Union vowed to invest an additional $600 billion in the U.S. — although it’s unclear if the bloc can materialize its pledge. Asked in a Tuesday interview with CNBC what could happen if the EU fails to honor its commitment, Trump said, “Then…
