Merck shares plunge as company pauses Gardasil vaccine shipments in China, hurting 2025 outlook
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Palantir shares rocket 22% after company posts strong earnings and outlook
Palantir's earnings report follows a historic rally in the stock last year.CNBC - 19h -
JetBlue’s stock plunges as revenue outlook disappoints. Capacity is in the spotlight.
JetBlue’s fourth-quarter results beat expectations, but the outlook for a key revenue metric was below forecasts.MarketWatch - 6d -
Here’s Why Apple’s iPhone Market Share in China Is Plunging
CEO Tim Cook has had over a decade to come up with a new growth engine for Apple and has not yet delivered.Inc. - Jan. 23 -
Share of U.S. companies in China looking to relocate hits a record high, survey finds
A record share of U.S. companies in China are accelerating their plans to relocate manufacturing or sourcing, according to a business survey released Thursday.NBC News - Jan. 23 -
Orsted Shares Plunge on $1.7 Billion Impairment
Shares in the renewable-energy company sank to the bottom of the Stoxx Europe 600 index Tuesday after it announced the impairment amid higher costs at its U.S. Sunrise Wind project.The Wall Street Journal - Jan. 21 -
Trump tariff threats fuel frontloading of trade shipments into U.S., led by China
Companies are expediting cargo shipments into the U.S. ahead of new tariffs from President-elect Trump, with Chinese trade the biggest on the move.CNBC - Jan. 17 -
Moderna stock plunges nearly 17% after company lowers 2025 sales forecast by $1 billion
Moderna now expects 2025 revenue to come in between $1.5 billion and $2.5 billion, most of which will come in the second half of the year.CNBC - Jan. 13 -
Apple's market share slides in China as iPhone shipments decline, analyst Kuo says
Analyst Ming-Chi Kuo wrote in a post on Friday that Apple is losing market share in China due to declining iPhone shipments.CNBC - Jan. 10 -
WuXi Biologics to Sell Irish Vaccine Facility to Merck for $500 Million
WuXi Biologics’ move to sell the facility could strengthen the company’s cash flow and margins as it navigates global uncertainties.The Wall Street Journal - Jan. 7
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China retaliates with additional tariffs of up to 15% on select U.S. imports starting Feb. 10
China also announced an investigation into Alphabet's Google alleging the American technology giant had violated the country's anti-monopoly law.CNBC - 32m -
Job openings decline sharply in December to 7.6 million, below forecast
Openings slid in December while hiring, voluntary quits and layoffs held steady, the Labor Department reported Tuesday.CNBC - 1h -
GM cuts 50% of Cruise staff after ending robotaxi business
General Motors is laying off off roughly half of its employees who remain at its discontinued Cruise robotaxi business.CNBC - 16m -
Palantir soars more than 21% to record high as AI powers strong earnings and guidance
Palantir surged more than 24% on robust fourth-quarter results and guidance.CNBC - 43m -
Alphabet to report Q4 earnings after the bell Tuesday
Google is slated to report fourth-quarter earnings on Tuesday after the close of regular trading.CNBC - 1h
More in Business
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As Trump considers ways to dismantle the Education Dept., here's what to know about your student loans
The Trump administration is looking to shut down the Education Department. Here's what it could mean for the 42 million Americans with federal student loans.CNBC - 10m -
Vaccine stocks fall as Senate panel advances RFK Jr.'s nomination for HHS secretary
Shares of Moderna, BioNTech, Novavax, GSK and Pfizer fell on Tuesday following the vote.CNBC - 13m -
Why Americans will bet a record $1.39 billion on Super Bowl LIX
Experts predict that for the first time, a state other than Nevada will see the most money wagered.MarketWatch - 13m -
GM cuts 50% of Cruise staff after ending robotaxi business
General Motors is laying off off roughly half of its employees who remain at its discontinued Cruise robotaxi business.CNBC - 16m -
Wells Fargo clears another postscandal regulatory hurdle — but more remain
The bank’s stock rises as it fulfills two disciplinary orders from the Federal Reserve related to its mortgage business — but five more remain, including its asset cap.MarketWatch - 30m