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New York office of Rep. George Santos vandalized with graffiti, police say


Created: Fri, 03 Feb 2023 22:19:15 GMT

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The words "Santos is," followed by the words for a scatalogical expletive, were found written on Santos' local office in gold spray paint, the NYPD said.

Read more: New York office of Rep. George Santos vandalized with graffiti, police say


Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021


Created: Fri, 03 Feb 2023 22:29:22 GMT

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Cost cuts have replaced growth on Wall Street's checklist, and tech executives are being celebrated for efficiency over innovation.

Read more: Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021


Ford sold 91 million shares of EV startup Rivian last year


Created: Fri, 03 Feb 2023 22:13:58 GMT

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Ford liquidated most of its ownership stake last year in EV maker Rivian Automotive.

Read more: Ford sold 91 million shares of EV startup Rivian last year


Southwest faces Senate hearing next week following holiday meltdown


Created: Fri, 03 Feb 2023 19:59:16 GMT

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Southwest is sending its operating chief, but not its CEO, to the Senate Commerce committee hearing.

Read more: Southwest faces Senate hearing next week following holiday meltdown


Biden administration expands EV tax credits in boost for Tesla, Cadillac, others


Created: Fri, 03 Feb 2023 17:54:58 GMT

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The EV tax credit change follows Tesla CEO Elon Musk publicly criticizing the former standards as well as GM and Ford lobbying to adjust the guidelines.

Read more: Biden administration expands EV tax credits in boost for Tesla, Cadillac, others


Vince McMahon open to leaving WWE for good if he sells the company, CEO Nick Khan says


Created: Fri, 03 Feb 2023 22:10:44 GMT

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WWE Chairman Vince McMahon is open to leaving the company forever if he finds the right sale, CEO Nick Khan told CNBC.

Read more: Vince McMahon open to leaving WWE for good if he sells the company, CEO Nick Khan says


Decades-low unemployment rate is welcome news for Biden ahead of State of the Union


Created: Fri, 03 Feb 2023 18:17:58 GMT

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The Bureau of Labor Statistics jobs report released Friday found the U.S. unemployment rate fell to 3.4%, a 53-year low, compared with an estimate of 3.6%.

Read more: Decades-low unemployment rate is welcome news for Biden ahead of State of the Union


Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet


Created: Fri, 03 Feb 2023 21:03:30 GMT

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Despite Amazon's mixed fourth-quarter earnings report, analysts were encouraged by the company's potential for long-term growth and efforts to tame expenses.

Read more: Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet


U.S. credit card debt jumps 18.5% and hits a record $930.6 billion


Created: Fri, 03 Feb 2023 16:08:10 GMT

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Inflation and higher interest rates boosted credit card debt to a record $930.6 billion at the end of 2022, a 18.5% jump from a year earlier, TransUnion found.

Read more: U.S. credit card debt jumps 18.5% and hits a record $930.6 billion


Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low


Created: Fri, 03 Feb 2023 17:58:53 GMT

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Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.

Read more: Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low


Democrats renew push for national paid family and medical leave program


Created: Fri, 03 Feb 2023 13:30:01 GMT

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Democrats say Americans need a federal paid family and medical leave program for workers to bring the U.S. in line with other industrialized nations.

Read more: Democrats renew push for national paid family and medical leave program


China says suspected spy balloon over U.S. skies is a civilian airship


Created: Fri, 03 Feb 2023 15:41:54 GMT

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Chinese authorities said Friday that a suspected Beijing-operated spy balloon spotted hovering over sensitive U.S. airspace was in fact a civilian airship intended for scientific research.

Read more: China says suspected spy balloon over U.S. skies is a civilian airship


Ford CEO Jim Farley's frustration builds as he vows to transform the automaker


Created: Fri, 03 Feb 2023 11:07:33 GMT

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CEO Jim Farley wants Ford to become a far more efficient company, and he needs it to happen quickly.

Read more: Ford CEO Jim Farley's frustration builds as he vows to transform the automaker


Amazon is shutting some Fresh and Go stores as the company cuts costs


Created: Fri, 03 Feb 2023 18:11:09 GMT

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Amazon is exiting some Fresh and Go stores with 'low-growth potential' as it works to cut costs, the company said on its fourth-quarter earnings call.

Read more: Amazon is shutting some Fresh and Go stores as the company cuts costs


Apple telegraphed that things are getting better after a tough quarter — here's how to interpret its remarks


Created: Fri, 03 Feb 2023 16:53:31 GMT

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Here's how to interpret Apple CFO Luca Maestri's directional insights from its Q1 earnings call.

Read more: Apple telegraphed that things are getting better after a tough quarter — here's how to interpret its remarks


Suspected Chinese spy balloon found over northern U.S.


Created: Fri, 03 Feb 2023 00:42:22 GMT

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“The United States government ... is tracking a high-altitude surveillance balloon that is over the continental United States right now," said a Pentagon spokesperson.

Read more: Suspected Chinese spy balloon found over northern U.S.


Amazon's advertising business grew 19%, while Google and Meta both deal with slowdowns


Created: Fri, 03 Feb 2023 00:40:54 GMT

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Although Amazon's ads business constitutes a small fraction of the $149.2 billion in revenue the company recorded in its fourth quarter, it's growing fast.

Read more: Amazon's advertising business grew 19%, while Google and Meta both deal with slowdowns


Amazon's cloud business reports 20% growth in fourth quarter, missing estimates


Created: Fri, 03 Feb 2023 01:04:38 GMT

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Amazon Web Services is still growing faster than its parent company, but the unit is seeing a deceleration as businesses reel in spending.

Read more: Amazon's cloud business reports 20% growth in fourth quarter, missing estimates


Qualcomm revenue falls 12%, guidance implies more pain this quarter


Created: Thu, 02 Feb 2023 22:47:46 GMT

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Qualcomm saw weakness in mobile handset performance, and the chipmaker sees a sharper revenue decline coming in the quarter ahead.

Read more: Qualcomm revenue falls 12%, guidance implies more pain this quarter


Ticketmaster braces for Beyoncé's 'Renaissance' tour amid fears of Taylor Swift-level demand


Created: Fri, 03 Feb 2023 13:02:09 GMT

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Ticketing for the North American leg of Beyoncé's "Renaissance" tour begins Feb. 6, said Ticketmaster, which is trying to avoid a Taylor Swift-style fiasco.

Read more: Ticketmaster braces for Beyoncé's 'Renaissance' tour amid fears of Taylor Swift-level demand


Starbucks misses expectations as China Covid surge hurts international sales


Created: Fri, 03 Feb 2023 14:06:10 GMT

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In China, Starbucks' second-largest market, transactions at cafes open at least 13 months plunged nearly 30%.

Read more: Starbucks misses expectations as China Covid surge hurts international sales


Opinion: Why Beijing is cheering on the U.S. debt ceiling fight


Created: Thu, 02 Feb 2023 19:24:59 GMT

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Continued brinksmanship and extremism over the debt ceiling is only serving to undercut a key element of U.S. strength.

Read more: Opinion: Why Beijing is cheering on the U.S. debt ceiling fight


Mortgage rates drop to the 5% range for the first time since September


Created: Thu, 02 Feb 2023 19:11:46 GMT

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The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily.

Read more: Mortgage rates drop to the 5% range for the first time since September


Amazon told lawmakers it wouldn't build storm shelters in warehouses after fatal collapse


Created: Thu, 02 Feb 2023 19:13:55 GMT

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The e-retailer has faced questions from lawmakers who argue it didn't do enough to protect workers from the storm.

Read more: Amazon told lawmakers it wouldn't build storm shelters in warehouses after fatal collapse


Apple sales drop 5% in largest quarterly revenue decline since 2016


Created: Fri, 03 Feb 2023 00:58:46 GMT

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Apple's overall sales for the holiday quarter were about 5% lower than last year's, the first year-over-year sales decline since 2019.  

Read more: Apple sales drop 5% in largest quarterly revenue decline since 2016


Amazon beats on fourth-quarter revenue but provides light guidance


Created: Fri, 03 Feb 2023 00:00:06 GMT

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Amazon exceeded revenue expectations for the fourth quarter, but the stock price slipped on light sales guidance for the first quarter.

Read more: Amazon beats on fourth-quarter revenue but provides light guidance


Ford posts full-year net loss, ugly fourth quarter as 'execution issues' plague operations


Created: Thu, 02 Feb 2023 22:57:02 GMT

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The automotive industry's earnings and forecasts are being closely watched by Wall Street for any signs of weakening consumer demand.

Read more: Ford posts full-year net loss, ugly fourth quarter as 'execution issues' plague operations


Ford's U.S. sales start 2023 on strong footing, boosted by F-Series and Bronco


Created: Thu, 02 Feb 2023 17:05:07 GMT

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Ford's EV sales, a major focus of Wall Street, increased in January, led by its electric Mustang Mach-E crossover.

Read more: Ford's U.S. sales start 2023 on strong footing, boosted by F-Series and Bronco


Apple and Google should boot TikTok from their app stores, Democratic senator urges


Created: Thu, 02 Feb 2023 20:09:06 GMT

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Sen. Michael Bennet, D-Colo., urged the CEOs of Apple and Google to remove TikTok from their mobile app stores immediately in a letter Thursday.

Read more: Apple and Google should boot TikTok from their app stores, Democratic senator urges


Nancy Pelosi endorses Adam Schiff for Senate seat from California if Sen. Dianne Feinstein doesn't run


Created: Thu, 02 Feb 2023 15:06:29 GMT

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Pelosi's endorsement comes one week after Schiff launched his bid for Feinstein's coveted Senate seat.

Read more: Nancy Pelosi endorses Adam Schiff for Senate seat from California if Sen. Dianne Feinstein doesn't run

 
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