Meta Platforms on Wednesday evening delivered a monster quarterly beat on everything from sales and earnings to cash flow and engagement. Revenue in the fourth quarter rose over 20% year over year to $48.4 billion, outpacing the $47 billion consensus estimate compiled by LSEG. Earnings per share in the three months ended Dec. 31 surged
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Halfpoint Images | Moment | Getty Images It’s no secret that Social Security faces a long-term financing gap. If nothing is done by 2035, 83% of combined benefits will be payable if Congress does not act sooner to prevent that shortfall, according the latest projections from the program’s trustees. What’s more, new legislation, the Social
By Chris Taylor, Next Avenue Katerina Stroponiati has a thought exercise for you: Go out on the street and ask any random person about the age of most successful tech company founders. “They will probably tell you 30 or less,” says Stroponiati, a New York City-based venture capitalist and founder of the investing firm Brilliant
In this article DJT Follow your favorite stocksCREATE FREE ACCOUNT This illustration shows an image of President-elect Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, D.C., on Feb. 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media and Technology Group is expanding into financial services,
In this article A Follow your favorite stocksCREATE FREE ACCOUNT Chubb CEO Evan Greenberg Scott Mlyn | CNBC California is a tough market for insurers — and growing more so, according to Chubb CEO Evan Greenberg. The executive has long proclaimed that Chubb won’t write insurance where it can’t get a reasonable return for taking
In this article ULCC Follow your favorite stocksCREATE FREE ACCOUNT A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines said Wednesday it has again proposed merging with struggling rival Spirit Airlines, which is in
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. U.S. stocks were mixed Wednesday ahead of the Federal Reserve’s interest rate decision in the afternoon. The S & P 500 and Nasdaq slipped, while the Dow ticked slightly
Momo Productions | Digitalvision | Getty Images Mergers and acquisitions happen all the time between companies of varying size and notoriety. These can be a great opportunity for businesses and owners to achieve their strategic or long-term goals, but often leave employees feeling uneasy and confused about what the deal means for them — especially
By Lucy Lazarony, Next Avenue Michael Murray has been trading Massachusetts’ snow for Florida’s sun for 15 winters. At first, he and his wife, Caroline, headed south on vacations; two years ago, they bought a home in Florida. They relish the snowbird lifestyle, living in the warmth while winters rage up north. “We enjoy being
In this article NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT A box of Ozempic made by Novo Nordisk is seen at a pharmacy in London, Britain March 8, 2024. Hollie Adams | Reuters The Food and Drug Administration on Tuesday approved Novo Nordisk‘s Ozempic to treat chronic kidney disease in patients who also have Type
Nicolai Tangen, CEO of Norges Bank Investment Management, at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Stefan Wermuth | Bloomberg | Getty Images Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a
Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. CNBC MIAMI BEACH, Fla. — Billionaire investor Steve Cohen is standing by his long-term bullish view of artificial intelligence despite the wild volatility recently, saying the transformational shift could take decades to realize. “This is a 10- to 20-year theme. It’s
A photograph taken on April 23, 2024 shows a view of the new Louis Vuitton luxury shop belonging to French luxury group LVMH Moet Hennessy Louis Vuitton SA, on the Champs Elysee avenue in Paris. Julien De Rosa | Afp | Getty Images Shares of LVMH dropped 5% on Wednesday after slightly better-than-expected annual results
Maskot | Getty Images More than 3.2 million people will see increased Social Security benefits, under a new law. However, individuals who are affected may have to wait more than a year before they see the extra money that’s due to them from the Social Security Fairness Act, the Social Security Administration said in an
By Linda Goor Nanos, Next Avenue Older Americans are staying in the work force well beyond the traditional retirement age; 20% of people over 65 are employed. Mature workers bring life and career experience to their jobs and overall have lower turnover rates than younger employees, but by virtue of their advanced age, they may
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT The Starbucks logo is seen on a cup at one of its cafes on April 26, 2024. Jakub Porzycki/ | Nurphoto | Getty Images Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company’s quarterly earnings and revenue
The sun is shining on Nextracker in extended trading Tuesday, as shares soared after the solar technology company reported a top and bottom line beat for its fiscal third quarter. Even better, management increased its full-year profitability outlook and reported a record backlog. Revenue in its fiscal 2025 third quarter came in at $679 million,
US Federal Reserve Chairman Jerome Powell speaks at a press conference after the Monetary Policy Committee meeting in Washington, DC, on December 18, 2024. Andrew Caballero-Reynolds | AFP | Getty Images The Federal Reserve gathers this week for the first time in the second presidential term of Donald Trump, who has already signaled that he
A print copy of “The 38 Letters from J.D. Rockefeller to his son: Perspective, Ideology and Wisdom” purchased on Amazon. CNBC The mystery around a top-selling Amazon book attributed to John D. Rockefeller has grown to include a university publisher, which denies any involvement in the book despite being listed as it’s publisher. CNBC began
The White House is pausing federal grants and loans, according to a memo sent out Monday night, but the freeze will not impact student loans or financial aid for college. The freeze, which could affect billions of dollars in aid, noted an exception for Social Security and Medicare. The pause “does not include assistance provided directly
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