Trucks line up outside of the Bayport Container Terminal at the port of Houston in Seabrook, Texas, US, on Friday, Oct. 4, 2024. Mark Felix | Bloomberg | Getty Images Texas and California have lately been at odds over both political and economic ideologies, but when it comes to both the existing and reciprocal tariffs … Read more
Workers walk past manufacturing equipment at Eli Lilly & Co. manufacturing plant in Kinsale, Ireland, on Sept. 12, 2024. Lilly has been bulking up its production capacity since 2020, investing more than $17 billion into developing new plants and expanding existing facilities for the weight-loss and diabetes drugs that are expected to become some of … Read more
Check out the companies making headlines after the bell : GameStop — The video game retailer and meme-stock favorite jumped 7% in extended trading. GameStop is considering investing in bitcoin and other cryptocurrencies, sources familiar told CNBC. The company is still figuring out whether the move would make sense for GameStop’s business, a source said. … Read more
Cavan Images | Cavan | Getty Images More than 3.2 million individuals scored a legislative victory due to a new law that will increase the Social Security benefits for which they are eligible. However, many of those individuals now face a lengthy wait for the extra benefit money coming to them. The Social Security Fairness … Read more
A man exits the Iron Mountain Inc. data storage facility in Boyers, Pennsylvania, U.S., on Tuesday, Feb. 13, 2018. The underground data center, located in a former limestone mine, stores 200 acres of physical data for many clients including the federal government. Stephanie Strasburg | Bloomberg | Getty Images Elon Musk stood beside a seated … Read more
Thomas Fuller | Lightrocket | Getty Images Airbnb shares jumped 15% in extended trading on Thursday after the company reported fourth-quarter earnings and revenue that beat analysts’ estimates. Here’s how the company did: Earnings per share: 73 cents vs. 58 cents expected by LSEG Revenue: $2.48 billion vs. $2.42 billion expected by LSEG Revenue increased 12% from $2.22 billion during the same … Read more
A general view of the GameStop store logo in the city center of Cologne, Germany. Ying Tang | Nurphoto | Getty Images Video game retailer turned meme stock GameStop is considering investing in bitcoin and other cryptocurrencies, according to sources familiar with the matter. GameStop is exploring investments in alternative asset classes, including crypto and … Read more
In this photo illustration, a Coinbase logo is displayed on a smartphone with stock market percentages on the background. Omar Marques | SOPA Images | Lightrocket | Getty Images Coinbase Thursday reported better-than-expected fourth-quarter results and its biggest quarterly revenue in three years, strengthened by a raging postelection rally that pushed crypto prices to new high after … Read more
Rising interest rates pose the biggest threat to the current bull market, according to Piper Sandler. In a Thursday note, the investment firm looked at the main catalysts that have resulted in 27 S & P 500 corrections of 10% or more over the past 60 years. Chief investment strategist Michael Kantrowitz identified three major … Read more
Nurphoto | Nurphoto | Getty Images Sorry, lovebirds, but that chocolate you’re buying for your sweetie this Valentine’s Day probably comes with a bigger price tag. Candy is the most popular Valentine’s Day gift, beating out other tokens of affection like flowers, cards and jewelry, according to the National Retail Federation. Additionally, chocolate accounts for … Read more