Moderna beats on revenue but loses more than expected as it scales down manufacturing
Read more at CNBC
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Moderna Scales Down Manufacturing
The biotech giant reported a bigger-than-expected quarterly loss.Inc. - 5d -
Retail sales slumped 0.9% in January, down much more than expected
Excluding autos, prices fell 0.4%, also far off the consensus forecast for a 0.3% increase.CNBC - 5d -
Retail sales slumped 0.9% in January, down much more than expected
Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday.NBC News - 5d -
Airbnb shares pop 15% on better-than-expected earnings and revenue
Airbnb reported fourth-quarter earnings on Thursday that beat analysts' estimates, but the company issued soft guidance.CNBC - 6d -
Coinbase revenue surges more than 130%, driven by postelection crypto rally
Coinbase reported better-than-expected fourth-quarter earnings, strengthened by a raging postelection crypto rally at the end of 2024.CNBC - 6d -
Boone: Expect more class than L.A. if Yanks win
Manager Aaron Boone hopes that, if his Yankees win the World Series, they "handle things with a little more class" than the Dodgers did after last year's victory over New York.ESPN - Feb. 12 -
Why U.S. Consumer Prices Increased More Than Expected in January
Businesses may have raised prices in anticipation of new tariffs imposed by the Trump administration.Inc. - Feb. 12 -
Hamas says it will release more hostages than expected in next exchange
Hamas says it will not only release more Israeli hostages than expected this week, but the terrorist group will also hand over the bodies of 4 slain captives.CBS News - 1d -
39-year-old's Paris-based company lost more than a third of its revenue in 2024: The Olympics 'were not good for business'
Though the world tuned in and thousands of tourists descended on Paris for the Olympics, many local businesses struggled.CNBC - 2d
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UnitedHealthcare is offering buyouts to employees in benefits unit, could pursue layoffs, sources say
If UnitedHealthcare does not meet a resignation quota through buyouts, it will lay off employees, two people familiar with the matter said.CNBC - 9h -
Palantir plunges after CEO Karp changes share sales plan, Pentagon budget cut report
The Trump administration is engaged in a wide-ranging effort to slash government spending and reduce the number of federal workers.CNBC - 2h -
China is likely to cut its benchmark policy rate next month, economists say, after PBOC keeps LPR steady
The PBOC has in recent months sought to defend the yuan as it faces downward pressure amid threats of higher tariffs.CNBC - 50m -
U.S. fund KKR makes £4 billion management-buyout bid for UK's Thames Water
Private equity fund KKR is offering £4 billion to take control of struggling utility Thames Water in the UK, according to a person familiar with the matter.CNBC - 12h -
Microsoft deploys new state of matter in its first quantum computing chip
Microsoft claims that building its first quantum-computing chip required that it create a new state of matter, which it is referring to as a topological state.CNBC - 8h
More in Business
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China is likely to cut its benchmark policy rate next month, economists say, after PBOC keeps LPR steady
The PBOC has in recent months sought to defend the yuan as it faces downward pressure amid threats of higher tariffs.CNBC - 50m -
Who is Friedrich Merz, the favorite to become Germany's new chancellor?
Friedrich Merz, who is poised to become Germany's chancellor in a CDU-led government, has extensive experience as a lawyer and working with major corporations.CNBC - 1h -
British Business Bank told to refocus lending on priority sectors
Ministers want financial firepower targeted at areas highlighted in industrial strategyFinancial Times - 2h -
Politico’s owner praises JD Vance for ‘inspiring message’
Mathias Döpfner says many Europeans had ‘intentionally misunderstood’ the US vice-president’s speech that caused widespread horrorFinancial Times - 2h -
Trump’s freewheeling disruption could extend to the dollar
The president’s conviction that US currency strength gives trading partners an unfair advantage is well knownFinancial Times - 2h