Three mainstream political parties in Austria said on Thursday that they had reached an agreement to form a new government that excludes the far right, ending five months of roller-coaster negotiations after an election last fall.It was an improbable comeback for a diverse political coalition that was tripped up by policy infighting when it tried and failed to form a government earlier this year.And it was a bitter setback for the Freedom Party, which finished first in last year’s elections on the strength of an anti-establishment, anti-immigrant campaign, and was briefly on the cusp of giving Austria its first far-right…
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Jonathan McKernan, U.S. President Donald Trump’s nominee to be the director of the Consumer Financial Protection Bureau, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | ReutersPresident Donald Trump’s pick to lead the Consumer Financial Protection Bureau on Thursday withstood grilling from Democrat senators who repeatedly asked him to confirm that he would uphold his legal obligations to run the agency.Pressed by senators including Elizabeth Warren of Massachusetts, Jonathan McKernan, a former Federal Deposit Insurance Corporation board member, told lawmakers…
Investors trying to navigate the rocky market may want to turn to a certain class of bonds to help smooth the ride. Volatility is expected to continue this year. On Thursday, the S & P 500 slipped in volatile trading as investors debated President Donald Trump’s tariffs and the health of the U.S. economy after a series of reports that showed some softness. The 10-year Treasury yield also ticked higher Thursday , a day after hitting its lowest level since December. UBS believes the economy is in good shape and doesn’t think the tariffs will lead to a major negative…
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Traders work on the floor of the New York Stock Exchange on Feb. 13, 2025.Danielle DeVries | CNBCStock futures are near flat Thursday night as investors looked to the end of a losing week and month and awaited key inflation data.Dow Jones Industrial Average futures are added 43 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each rose 0.2%.Those moves come as investors ready for the final trading day of the week and month on Friday. The technology-heavy Nasdaq Composite has led the way down, sliding around 5.5% in February due largely to a 5% drop this week.The…
Andrew Anagnost, chief executive officer of Autodesk Inc., during a Bloomberg Television interview in London, UK, on April 25, 2023.Chris Ratcliffe | Bloomberg | Getty ImagesDesign software maker Autodesk said Thursday that it will lay off 1,350 employees, which works out to 9% of its workforce.The job cuts follow a series of large headcount reductions across the tech industry. In January, Meta said it would let go of 5% of its workers, and earlier this month Workday, which sells human resources and finance software, announced an 8.5% decrease. Google this week also announced cuts to its human relations and cloud…
A visual representation of dogecoin and other cryptocurrencies.Yuriko Nakao | Getty ImagesThe Securities and Exchange Commission issued guidance Thursday evening saying it does not deem most meme coins securities under U.S. federal law.”It is the Division’s view that transactions in the types of meme coins described in this statement do not involve the offer and sale of securities under the federal securities laws,” the statement says. “Persons who participate in the offer and sale of meme coins do not need to register their transactions with the Commission. … Accordingly, neither meme coin purchasers nor holders are protected by the federal…
Check out the companies making headlines in extended trading. Autodesk — Shares popped nearly 7% after the design technology company exceeded expectations for fourth-quarter earnings. Autodesk earned $2.29 per share, excluding items, on $1.64 billion in revenue, while analysts polled by LSEG anticipated a profit of $2.14 a share and revenue of $1.63 billion. NetApp — The data stock sank about14% after revenue for the fiscal third quarter came in at $1.64 billion, missing the consensus estimate of $1.69 billion from analysts polled by LSEG. NetApp also issued weak guidance for the full year. Dell — Shares were down slightly…
The tough run in Tesla and Moderna shares so far this year isn’t ending anytime soon, according to Courtney Garcia, senior wealth advisor at Payne Capital Management Garcia appeared on CNBC’s “Power Lunch” on Thursday to give her hot takes on some of the market’s biggest movers. Here is what she said during “Three-Stock Lunch.” Tesla Garcia said she would stay on the sidelines with Tesla, citing the electric vehicle maker’s sky-high valuation and a stiffer auto market. According to the financial advisor, the assumption that Tesla will benefit from CEO Elon Musk’s close relationship with President Donald Trump and…
Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024.Bridget Bennett | Bloomberg | Getty ImagesDell reported fourth-quarter sales that fell short of analysts’ estimates but earnings topped Wall Street expectations. Here’s how the hardware company did versus LSEG consensus estimates:Revenue: $23.9 billion, versus $24.55 billion estimatedEPS: $2.68, adjusted, versus $2.53 estimated.Dell shares are down less than 5% so far in 2025, but the company’s stock has more than doubled in the last two years due to soaring demand for artificial intelligence systems,…
