News
Rheinmetall earnings miss expectations as it says sales will grow up to 45% in 2026
13+ hour, 33+ min ago (845+ words) German arms maker Rheinmetall said it sees this year's sales growing by as much as 45% as it reported 2025 revenue growing 29% year-over-year, missing expectations. It also said it was in a "prime position to help the US replenish their missile stockpiles…...
Oracle stock jumps 7% on earnings beat and increased guidance as cloud revenue climbs 44%
1+ day, 28+ min ago (421+ words) Oracle shares rose 7% in extended trading on Tuesday after the software vendor reported quarterly results that surpassed Wall Street projections and boosted its revenue guidance for fiscal 2027. Management said is now forecasting $90 billion in fiscal 2027 revenue. Analysts polled by LSEG…...
As Iran war disrupts oil prices, consumers could be 'hammered,' economist says
1+ day, 8+ hour ago (732+ words) In February, Americans were feeling pretty good about their financial standing. But that was before the Iran war, which is threatening to upend household budgets. A'New York Federal Reserve survey'released Monday found that consumers expected'inflation'to be lower in the year…...
Volkswagen flags a tough year ahead as 2025 profit halves on tariffs, China competition
1+ day, 10+ hour ago (393+ words) Germany's Volkswagen on Tuesday reported a sharp drop in annual operating profit and flagged another tough year ahead as the auto giant continues to grapple with U.S. tariffs and competition in China. Europe's biggest carmaker posted 2025 operating profit of 8.9 billion euros…...
Iran war live updates: Trump says U.S. to offer insurance for Gulf shipping and escort tankers
1+ week, 1+ day ago (1768+ words) This is CNBC's live blog covering the U.S.-Israel strikes on Iran, and Tehran's counterattacks across the Middle East. CNBC's reporters are covering the strikes from our bureaus in Washington, London, Singapore, San Francisco, and Englewood Cliffs, New Jersey. Head here…...
Versant is about to test Wall Street’s appetite for cable TV in its first earnings report as a public company
1+ week, 2+ day ago (843+ words) Versant Media Group will release its first earnings report as a public company on Tuesday, giving Wall Street its first glimpse inside a company made up primarily of pay-TV networks. The Comcast spinoff " comprised of CNBC, MS Now, USA Network,…...
Core wholesale prices rose 0.8% in January, much more than expected
1+ week, 5+ day ago (262+ words) Wholesale prices rose at a faster-than-expected pace in January, countering hopes that inflation was easing, the Bureau of Labor Statistics reported Friday. The core producer price index, which excludes volatile food and energy prices, increased a seasonally adjusted 0.8%, more than…...
C3 AI shares plummet as company cuts 26% of workforce, posts wider loss than expected
1+ week, 6+ day ago (248+ words) Shares of C3 AI sank 17% on Thursday, trading at a record low, after the company reported disappointing third-quarter fiscal results and announced cuts to over a quarter of its workforce. The enterprise artificial intelligence company with the ticker AI reported $53 million…...
AI disruption didn't show up in Salesforce results. But the fears are hard to shake
1+ week, 6+ day ago (21+ words) The stock dropped in after-hours trading as investors remained anxious about the potential of AI disrupting traditional enterprise software companies....
Dow drops 700 points as Trump's Greenland scheme sparks U.S. capital flight, fear of global trade war: Live updates
1+ mon, 3+ week ago (1688+ words) Stocks suffered big losses Tuesday after President Donald Trump intensified his rhetoric on Greenland, threatening to impose new tariffs on countries opposing the sale of the Danish territory to the United States. Treasury yields spiked and the U.S. dollar declined as…...