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Pinterest shares plummet 15% on earnings miss, weak forecast

by CNBC Markets | November 5, 2025 3:04 am | US Markets

Pinterest shares tanked on Tuesday after the company reported third-quarter financial results that missed on earnings per share and provided weak guidance.

Rivian beats Wall Street’s Q3 expectations, maintains guidance

by CNBC Markets | November 5, 2025 3:03 am | US Markets

Rivian Automotive beat Wall Street’s expectations for the third quarter, as the company reported its second quarterly gross profit this year.

IBM cutting thousands of jobs in the fourth quarter

by CNBC Markets | November 5, 2025 2:05 am | US Markets

IBM recently delivered stronger earnings than expected, thanks to a 10% jump in revenue from software, meeting consensus.

Appeals court dubious of FTX founder Bankman-Fried’s conviction challenge

by CNBC Markets | November 5, 2025 2:04 am | US Markets

FTX was one of the largest cryptocurrency exchanges in the world when it went bust in 2022. Founder Sam Bankman-Fried is serving a 25-year prison term.

Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results

by CNBC Markets | November 5, 2025 12:08 am | US Markets

Both automakers have already cut vehicle production guidance, while Rivian also has negatively changed its adjusted earnings and gross profit expectations.

Government shutdown set to become longest ever after latest Senate vote fails

by CNBC Markets | November 5, 2025 12:06 am | US Markets

The latest attempt to end the shutdown, by passing a Republican-backed stopgap resolution through Congress, failed in the Senate for the 14th time.

Job openings in October slumped to the lowest level since February 2021, Indeed measure shows

by CNBC Markets | November 5, 2025 12:06 am | US Markets

Under normal conditions, the BLS on Tuesday would have reported its monthly Job Openings and Labor Turnover Survey.

Stocks drop on rising fears about AI stock valuations, Palantir leads decline: Live updates

by CNBC Markets | November 4, 2025 11:05 pm | US Markets

Stocks fell, pressured by declines in artificial intelligence-related names like Palantir as investors grow concerned about valuations.

Commercial real estate deals are slowing, but these two beleaguered sectors are shining

by CNBC Markets | November 4, 2025 11:05 pm | US Markets

CRE deal trends in September reveal several themes: Flight to quality, economic uncertainty hitting the hotel sector hard, and a growing interest in two sectors.

Goldman’s Nachmann warns of ‘deployment pressure’ from explosion of evergreen funds

by CNBC Markets | November 4, 2025 10:09 pm | US Markets

Evergreen funds are specifically structured to allow for more liquidity, but Marc Nachmann says there’s risk of fund managers deploying too much capital at once.

Trump suggests U.S. won’t pay any SNAP benefits during shutdown, contradicting court filing

by CNBC Markets | November 4, 2025 10:08 pm | US Markets

Prior presidential administrations have continued paying SNAP benefits during past shutdowns of the U.S. government.

Alex Karp blasts ‘Big Short’ investor Michael Burry as ‘bats— crazy’ for bets against Palantir, Nvidia

by CNBC Markets | November 4, 2025 8:10 pm | US Markets

“The idea that chips and ontology is what you want to short is bats— crazy,” Alex Karp said.

Bessent says U.S. has ‘lots’ of options to use on tariffs if it loses Supreme Court case

by CNBC Markets | November 4, 2025 8:07 pm | US Markets

The high court it set Wednesday to decide whether Trump exceeded his authority to enact sweeping duties on U.S. trading partners.

NJ governor election: Sherrill and Ciattarelli face off in close race as Trump, Obama weigh in

by CNBC Markets | November 4, 2025 8:06 pm | US Markets

The New Jersey governor’s race comes amid a government shutdown, a decline in approval for President Donald Trump and national concerns about affordability.

NYC mayoral race: Mamdani, Cuomo, Sliwa fight to replace Adams as Trump weighs in

by CNBC Markets | November 4, 2025 8:06 pm | US Markets

The rise of Zohran Mamdani, a democratic socialist, has fueled a wave of spending to oppose his candidacy and back the former New York Gov. Andrew Cuomo.

Virginia governor election: Spanberger and Earle-Sears vie to succeed Youngkin

by CNBC Markets | November 4, 2025 8:05 pm | US Markets

A controversy surrounding Democratic Attorney General nominee Jay Jones’ old texts has refocused Republicans’ efforts up and down the ballot in Virginia.

Amazon’s new subsea internet cable Fastnet will have the capacity to stream 12.5 million HD movies simultaneously

by CNBC Markets | November 4, 2025 7:14 pm | US Markets

Amazon is building a subsea fiber-optic cable called Fastnet to connect Maryland’s Eastern shore to County Cork, Ireland.

Yum Brands quarterly revenue rises 8%, fueled by Taco Bell and KFC

by CNBC Markets | November 4, 2025 6:10 pm | US Markets

Same-store sales at Taco Bell and KFC rose, while Pizza Hut reported same-store sales fell 1%.

Pfizer tops estimates, raises profit guidance even as sales fall

by CNBC Markets | November 4, 2025 6:09 pm | US Markets

Pfizer hiked its full-year profit guidance, citing its strong business performance and cost cuts, even as sales for the period fell.

Yum Brands to review strategic options for Pizza Hut, opening the door to a sale

by CNBC Markets | November 4, 2025 6:09 pm | US Markets

Yum Brands will explore strategic options for Pizza Hut, which has struggled in recent years.
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