A worker removes the U.S. Agency for International Development sign on their headquarters on Feb. 7, 2025 in Washington, DC. Kayla Bartkowski | Getty Images A federal judge on Friday said he would temporarily pause the Trump administration’s plan to place thousands of workers at the U.S. Agency for International Development on administrative leave. About 2,200 USAID employees … Read more
Doximity at the New York Stock Exchange for its initial public offering on June 24, 2021. Source: NYSE Shares of Doximity popped 25% in extended trading on Thursday after the company reported third-quarter fiscal 2025 results that beat analysts’ expectations for revenue and offered rosy guidance. Here’s how the company did: Earnings per share: 45 … Read more
U.S. Treasury yields were higher on Friday following the release of key January jobs data. The 10-year Treasury yield rose about four basis points to 4.475%. The 2-year Treasury yield was last at 4.252% after rising by four basis points. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%. The … Read more
NewJeans attends the SBS Music Awards in Incheon, South Korea on Dec 25, 2024. The Chosunilbo Jns | Imazins | Getty Images South Korean girl group NewJeans announced today that it will be performing in March under its new name NJZ, amid an ongoing legal dispute with the managing label Ador. Speaking to CNBC on … Read more
The Bank of England on 6 Feb. 2025, in London, England. Richard Baker | In Pictures | Getty Images The Bank of England lowered interest rates by 25 basis points on Thursday, following the European Central Bank’s cut of the same amount on Jan. 30. The Reserve Bank of India is also widely expectedly to … Read more
People shop for clothes at a Calvin Klein store at a mall in Beijing on Feb. 5, 2025. Adek Berry | AFP | Getty Images China has blacklisted the owner of Calvin Klein and Tommy Hilfiger, which could force the company to shut down stores and manufacturing in an early repercussion of President Donald Trump’s … Read more
Commuters cycles past the Bank of England (BOE), left, in the City of London, UK, on Monday, Sept. 16, 2024. The central bank’s Monetary Policy Committee’s interest rate decision is scheduled for release on Sept. 19. Bloomberg | Bloomberg | Getty Images The Bank of England made its first interest rate cut of the year … Read more
Sweden’s Volvo Cars on Thursday reported a 12% rise in full-year operating income and record revenue, but warned of severe market challenges ahead from intensifying electric vehicle competition and global tariffs. The automaker, which is majority-owned by China’s Geely Holding, said operating income came in at 22.3 billion Swedish kronor ($2.04 billion) in 2024 amid an … Read more
The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Sunday, Jan. 12, 2025. Samuel Corum | Bloomberg | Getty Images If investors were to judge the stability of the economy by looking at the stock market, its two-day winning streak might lead investors to think that it’s business as usual. The market’s … Read more
Lisa Su, chair and CEO of Advanced Micro Devices Inc., during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg | Getty Images Advanced Micro Devices shares slumped 6.3% on Wednesday after the chipmaker under-delivered on Wall Street’s estimates for its important data center business. Shares … Read more