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Economics at cnbc.com

Today News

05

Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says

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Drew Baglino, who announced he'd be leaving Tesla on April 15, is selling 1.14 million shares of the electric car company, according to a filing on April 25.

03

We're boosting our price target on Alphabet by $30 after it delivered the quarter we've been waiting for

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Alphabet on Thursday delivered a knockout first-quarter report and joined the tech-industry party by declaring its first-ever dividend.

Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending

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Microsoft has more demand than supply for running artificial intelligence models in the cloud.

02

Alphabet tempers fears that it's falling behind in AI with blowout first-quarter results

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Alphabet's revenue jumped 15% in the first quarter and profit in the company's cloud business more than quadrupled.

Intel shares fall after company provides weak forecast for the current quarter

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Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.

Alphabet shares jump 14% on earnings beat, first-ever dividend

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Alphabet reported better-than-expected earnings on Thursday and announced its first dividend.

Cramer praises companies like Chipotle that can grow despite a slowing economy and inflation

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CNBC's Jim Cramer said companies that perpetually generate "self-help" are poised to do well in this market.

Why ARK Invest thinks it’s an 'amazing time' to invest in cutting-edge tech

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ARK Invest's Brett Winston is betting big on private tech companies for long-term gains.

01

Snap shares soar 23% as company beats on earnings, shows strong revenue growth

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Snap reported first-quarter results that beat analysts' estimates

Alphabet issues first-ever dividend, $70 billion buyback

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Google issued its first-ever dividend of 20 cents and authorized a $70 billion share repurchase program alongside its first-quarter earnings.

Mark Zuckerberg's net worth plummets by more than $18 billion in Meta stock drop

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Meta shares plunged on Thursday, bringing down Mark Zuckerberg's net worth, after the CEO told Wall Street about the many ways his company is losing money.

Thursday, Apr 25

00

Paramount and Skydance inch closer to a merger as key hurdle looms, sources say

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Paramount Global and Skydance are getting closer to final terms on a merger agreement, sources told CNBC, but a renewal with Charter remains an obstacle.

23

Rubrik stock pops 16% in NYSE debut after company prices IPO above range

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Rubrik's shares appeared to be attractive to investors that have been starved for new business software names for years.

Trump trial: Defense attorneys begin cross-examination of David Pecker

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The New York criminal trial of Donald Trump resumed with testimony from former National Enquirer publisher David Pecker.

22

Oil rises 1% as market weighs disappointing economic data against geopolitical risk

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Gross domestic product was much softer than expected in the first quarter, which could weigh on crude oil demand.

Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns

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Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.

This job perk is like a 'cash bonus' — but you need a long-term strategy, experts say

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Restricted stock units are a common type of equity compensation. Here's what to know about this popular employee benefit, according to experts.

Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates

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Stocks fell Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.

21

How to start a high-paying side hustle: 'It has to be something that you're actually passionate about,' says expert

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There are all sorts of ways to make money on the side. But if you really want to find success, choose something you're passionate about, says Kathy Kristof.

We're lowering our Honeywell price target after earnings. The risk-reward is still favorable

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Honeywell's first-quarter results topped expectations. But its current-quarter outlook came up short, pressuring the stock.

20

Supreme Court appears skeptical of Trump's blanket presidential immunity argument

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Donald Trump was not at the Supreme Court to hear the immunity arguments because he was required to attend his New York criminal hush money trial.

As more borrowers qualify for student loan forgiveness, incoming college freshmen are set to rack up $37,000 in new debt, report finds

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Most families take out student loans to cover the rising cost of college. A new report found that incoming freshmen may have $37,000 in debt by graduation.

Meta tumbles 10% on weak revenue forecast and Zuckerberg's comments on spending

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Meta shares tumbled on Thursday after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat.

19

Stripe co-founder says high interest rates flushed out Silicon Valley's 'wackiest' ideas

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Rising interest rates in the past couple years had a chilling effect on Silicon Valley, but Stripe co-founder John Collison says it was healthy.

18

Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery

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Deutsche Bank reported first-quarter earnings on Thursday.

Honda to build $11 billion electric vehicle hub in Canada

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Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada, to create a "comprehensive EV value chain," the automaker announced.

A key deadline for student loan forgiveness consolidation is just days away. Here's what to know

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Borrowers hoping for student loan forgiveness have just a few more days to act before an April 30 deadline.

Barclays shares up 6% as bank swings back to profit in first quarter amid strategic overhaul

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Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.

17

Open seating no more? Southwest CEO says airline is weighing cabin changes

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Southwest stands apart from other large airlines because it does not have seat assignments.

36-year-old makes $37,000 a year leading Dungeons & Dragons games: If 'you're doing it anyway, you might as well' get paid

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Mari Murdock never thought she'd get paid to run tabletop RPGs, but now it's her main source of income.