Author: Editor-In-Chief
A sign at the New York State Department of Labor job fair held at the Downtown Central Library on Wednesday, August 27, 2025 in Buffalo, New York, USA.Lauren Petracca Bloomberg | Getty ImagesU.S. employers announced more than 1 million annual layoffs in November, as corporate restructuring, artificial intelligence and tariffs drive layoffs, consulting firm Challenger, Gray & Christmas reported Thursday.The company said its planned layoffs in November totaled 71,321 people, a step down from the large-scale layoffs announced in October, but still enough to bring total layoffs to 1.17 million in 2025. This total is up 54% from the same…
Let’s check out the companies that are becoming a hot topic for after-hours trading. Salesforce — The software company’s stock rose more than 5% in after-hours trading after Salesforce reported mixed third-quarter results, but fourth-quarter revenue increased. Salesforce’s most recent quarterly earnings, excluding items, were $3.25 per share, beating LSEG’s estimate of $2.86 per share. Revenue was $10.26 billion, slightly below the consensus estimate of $10.27 billion. Salesforce raised its full-year sales forecast to $41.45 billion to $41.55 billion. UiPath — The business automation software provider soared 9% post-market after third-quarter adjusted earnings of 16 cents per share and revenue…
A sign at the New York State Department of Labor job fair held at the Downtown Central Library on Wednesday, August 27, 2025 in Buffalo, New York, USA.Lauren Petracca Bloomberg | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five important things investors need to know to start their trading day.1. A handbook that brings a ray of hopeYesterday we highlighted the relevance of market maxims. “Bad news can actually be good news for investors.” Stocks rose after private jobs data showed weakness in the labor market, with investors hoping the…
Joe Root finally achieved his maiden Ashes hundred from home while Australia’s pink-ball maestro Mitchell Starc claimed six wickets on a frenetic opening day of the second Test.Root’s highest knock in 29 innings for Australia before this match was 89, and when he went to bat on Thursday afternoon, he not only lost the first Test in two days in Perth with no runs and eight scores, but Starc (6-71) dismissed Ben Duckett and Ollie Pope for ducks, and his team were slumping at 5-2 from three overs in Brisbane. But the 34-year-old reached triple figures on 181 deliveries, scoring…
Calls to ban members of Congress and their families from trading or owning stocks continue to grow, and Democratic Representative Mike Levin of California said all elected officials, regardless of party, should agree to the measure.”No member of Congress should be allowed to take material non-public information obtained in the course of their job and use that information to trade stocks,” Levin told CNBC Washington correspondent Emily Wilkins at the CNBC CFO Council Summit in Washington, D.C., on Wednesday. “It’s outrageous,” he said.On Tuesday, Florida Republican Rep. Anna Paulina Luna filed an expulsion petition seeking to force a vote on…
South African photographer Shem Compion remembers exactly when his love affair with the Great Rift Valley began. In 2002, in his 20s and seeking adventure, Compion saved as much as he could, sold what he didn’t need and bought a Land Rover. He hit the road with a friend and headed north. They could not return home for seven months. Their journey was Compion’s first exposure to the Rift Valley, also known as the East African Rift Valley. The rift valley carves a 4,000-mile path from Botswana and Mozambique in the south, through Djibouti and the Red Sea in the…
While many venture firms seem to be focused solely on AI these days, Nexus Venture Partners is intentionally splitting its focus for its new $700 million fund. The company will support AI startups and look for India-focused startups in the consumer, fintech and digital infrastructure sectors. AI has absorbed most of the venture capital raised globally, and the 20-year-old venture capital firm also sees it as a defining technological change. But they argue that focusing on a single overheated category comes with its own risks. India’s digital economy offers a balance with an expanding market where AI adoption is on…
A trader works at his desk on the floor of the New York Stock Exchange (NYSE) after the opening bell rings on December 3, 2025 in New York. Timothy A. Clary | AFP | Getty ImagesStock futures were little changed Thursday morning as investors grew more optimistic about a rate cut in December.Futures linked to the Dow Jones Industrial Average 45 points (0.1%) added. S&P futures While floating above the flatline, Nasdaq 100 futures The decline was less than 0.1%.In after-hours trading, sales force Shares rose more than 5% after the company provided better-than-expected earnings forecasts. Five Below Shares rose…
meta The company is under EU antitrust investigation over its use of AI features on WhatsApp, as the European Union continues to step up its challenge to American tech giants.The city of Brussels said in a statement Thursday morning that the investigation will look into whether Meta’s new policy allowing AI providers to access WhatsApp could violate EU competition rules.”The claims are baseless,” a WhatsApp spokesperson told CNBC in a statement, adding that the app’s application programming interface (API) was not designed to support AI chatbots and “puts a strain on our systems.””The AI space is highly competitive, and people…
Russian President Vladimir Putin, dressed head to toe in military uniform, on Sunday received the news he had been waiting for for more than a year. Russia has captured the city of Pokrovsk in eastern Ukraine. It doesn’t matter that Kiev disputed the claim, saying on Tuesday that fighting was still ongoing in the city and that Moscow’s “bravado statements” about the capture of Pokrovsk “do not correspond to reality.” The purpose of the highly orchestrated meeting between President Putin and military leaders was to demonstrate to the world that Russia was winning in Ukraine. The Kremlin said Putin was…