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UBS lowers price target on e-commerce giant ahead of earnings, due to potential tariff ‘demand destruction’

by CNBC Markets | April 29, 2025 4:05 pm | US Markets

UBS notched down its price target on Amazon shares.

Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive

by CNBC Markets | April 29, 2025 3:06 pm | US Markets

Volvo Group said its so-called “cost and cash action plan” would include reductions in investments and redundancies at its operations across the globe.

Deutsche Bank posts 39% jump in first-quarter profit, above expectations

by CNBC Markets | April 29, 2025 11:05 am | US Markets

German banks stand to benefit as the country’s political environment settles under the potential stewardship of a centrist coalition.

Uber raises in-office requirement to 3 days, claws back remote workers

by CNBC Markets | April 29, 2025 11:05 am | US Markets

Uber is the latest tech company to inform employees previously-approved for remote work that they’ll need to start coming into the office.

General Motors is set to report earnings before the bell. Here’s what Wall Street expects

by CNBC Markets | April 29, 2025 10:09 am | US Markets

Wall Street analysts expect adjusted earnings per share of $2.74 and revenue of $43.05 billion.

Canadians keep Liberal Party and Mark Carney in power as country digs in on Trump’s trade war

by CNBC Markets | April 29, 2025 9:06 am | US Markets

President Donald Trump injected himself into the race with his tariffs on Canadian imports and repeatedly saying Canada should become the 51st U.S. state.

Amazon launches first Kuiper internet satellites in bid to take on Elon Musk’s Starlink

by CNBC Markets | April 29, 2025 5:04 am | US Markets

After the first launch was postponed due to weather, Amazon’s Kuiper satellites are off to space.

Trump administration targets Harvard Law Review with race-based discrimination investigation

by CNBC Markets | April 29, 2025 5:04 am | US Markets

The Education and Health & Human Services departments opened the investigations after a conservative news outlet reported on Harvard Law Review practices.

S&P 500 futures inch lower after broad index notches fifth straight winning day: Live updates

by CNBC Markets | April 29, 2025 4:04 am | US Markets

The three major indexes swung between gains and losses in Monday’s session.

Donald Trump Jr. co-founds new private members club, Executive Branch, with a $500,000 fee

by CNBC Markets | April 29, 2025 3:03 am | US Markets

Executive Branch held a launch party that included members of President Donald Trump’s administration as well as wealthy CEOs, tech founders and policy experts.

Microsoft says U.S. can’t afford falling behind China in quantum computers

by CNBC Markets | April 29, 2025 2:04 am | US Markets

“Simply put, the United States cannot afford to fall behind, or worse, lose the race entirely.”

Man accused of stealing from Homeland Sec. Noem hit with federal charges in three robberies

by CNBC Markets | April 29, 2025 2:04 am | US Markets

Homeland Security Secretary Kristi Noem was under Secret Service protection when a man walked into a D.C. restaurant and stole her purse from under a table.

S&P 500 is little changed as traders await Big Tech earnings, trade deals: Live updates

by CNBC Markets | April 29, 2025 1:04 am | US Markets

Investors are looking to the busiest period of the first-quarter earnings season, which will see more than 180 S&P 500 companies report results.

Empty shelves, trucking layoffs lead to a summer recession in Apollo’s shocking trade fight timeline

by CNBC Markets | April 29, 2025 1:04 am | US Markets

U.S. consumers could start to notice trade-related shortages in their local stores next month, according to Apollo.

China insists no tariff talks underway with Trump and Xi or top aides, despite U.S. claims

by CNBC Markets | April 29, 2025 1:03 am | US Markets

Trump has held up tariffs as a negotiating tool with China and claimed talks are ongoing, but Beijing says so far there have not been any negotiations.

International students are rethinking U.S. study plans amid visa policy shifts, experts say

by CNBC Markets | April 29, 2025 1:03 am | US Markets

The Trump Administration’s sudden change in visa policies is causing some international students to rethink whether they want to study in the U.S. at all.

Musk’s DOGE cuts helped his companies avoid over $2 billion in legal liabilities, new Senate report alleges

by CNBC Markets | April 29, 2025 12:05 am | US Markets

Elon Musk’s unprecedented influence over the government has brought sweeping changes to Donald Trump’s Washington.

Treasury Secretary Bessent says it’s up to China to de-escalate trade tensions

by CNBC Markets | April 28, 2025 11:04 pm | US Markets

The comments come with markets on edge over the direction of tariffs.

Wealthy consumers upped their spending last quarter, while the rest of America is cutting back

by CNBC Markets | April 28, 2025 11:04 pm | US Markets

American Express and JPMorgan Chase, both of which cater to wealthier users with higher credit scores, saw spending increase to start 2025.

Cloud software vendors Atlassian, Snowflake and Workday are betting on security startup Veza

by CNBC Markets | April 28, 2025 7:05 pm | US Markets

Veza raised $108 million in a new funding round, with participation from some of the leading cloud software vendors.
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