A Blue Origin New Glenn rocket stands ready for its inaugural launch at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., January 10, 2025. Joe Skipper | Reuters The CEO of Jeff Bezos’ Blue Origin announced in an all-hands call on Thursday company-wide layoffs of “about 10 percent” of its employees, a sweeping … Read more
10 things to watch Thursday, Feb. 13 1. Wall Street was heading for a higher open Thursday despite the government’s January read on wholesale inflation coming in hotter like the previous day’s consumer inflation report. Bond yields, which have been moving higher lately, took a breather after the PPI numbers. The market is also on … Read more
Some U.S. stocks are better protected from their peers from the threat of more tariffs, according to BMO Capital Markets. Fresh worries tied to the effect of higher tariffs on corporate profits loomed over investors on Thursday after the White House said that President Donald Trump could announce retaliatory duties on all countries that issue … Read more
Piotr Swat | Lightrocket | Getty Images Shares of Applovin ripped more than 30% higher Thursday after the company reported a fourth-quarter earnings beat, causing many analysts to lift their price targets. The ad tech company said on its earnings call it was divesting its apps business, as the company aims to move into other … Read more
Robinhood shares surged on Thursday after the financial services platform’s latest quarterly results soared past earnings estimates, prompting analysts to grow more bullish on the stock. Shares gained more than 10% on Thursday. Robinhood said it earned $916 million, or $1.01 per share, on revenue of $1.01 billion in the fourth quarter. That’s way above … Read more
U.S. President Donald Trump reads about tariffs on steel and aluminum, as Howard Lutnick stands in the background, in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | Reuters President Donald Trump set an Oval Office news conference on his plan to impose reciprocal tariffs on other countries … Read more
Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty Images Reddit shares dropped more than 6% Thursday after the social media company fell short of … Read more
Tesla robotics development rival Apptronik announced a $350 million Series A funding round Thursday morning to scale the production of artificial intelligence-powered humanoid robots. The funding round was co-led by B Capital and Capital Factory, and included backing from Google, CEO Jeff Cardenas said in an exclusive Squawk Box interview Thursday. Apptronik, a Texas-based robotics … Read more
Chainalysis said that crypto wallets linked to scams received $9.9 billion in cryptocurrency in 2024, according to its initial estimates Boonchai Wedmakawand | Moment | Getty Images Crypto fraud revenue is estimated to have hit record levels last year amid a surge in so-called romance scams as cybercriminals leverage artificial intelligence and become more organized, … Read more
Global trade tensions show no signs of easing, but two Latin American nations may actually to stand to benefit. President Donald Trump on Thursday posted on Truth Social that the U.S. would impose reciprocal tariffs on goods from countries that have hit American products with levies. “THREE GREAT WEEKS, PERHAPS THE BEST EVER, BUT TODAY … Read more