Trump tariffs would add costs for consumers, economist says

Peter Kramer/NBC via Getty Images U.S. consumers would likely see prices increase if President-elect Donald Trump follows through with a plan to levy import tariffs, experts said Tuesday during CNBC’s Financial Advisor Summit. “Either way, there is a cost to consumers,” said Erica York, senior economist at the Tax Foundation. A tariff is a tax […]

Stocks making the biggest moves midday: GOOGL, SIRI, MDB, ALK

Check out the companies making headlines in midday trading. Alphabet — The online search giant operator launched its latest quantum chip, called Willow. Alphabet said this marks a major breakthrough in the field of quantum computing, leading shares 4% higher. Quantum computing is considered as the next frontier for many tech companies. Oracle — Shares […]

Stocks making the biggest moves premarket: ORCL, ALK, MDB, HQY

Check out the companies making headlines before the bell. Oracle — The database software company slid roughly 7% after posting fiscal second-quarter earnings and revenue that lagged analysts’ estimates. Oracle also issued guidance for the current quarter, calling for revenue growth of 7% to 9% and adjusted earnings of $1.50 to $1.54 per share, saying […]

Stocks making the biggest moves after hours: ORCL, AI, MTN, PL

Check out the companies making headlines in extended trading. Oracle — Stock in the computer technology company slipped 5% after Oracle slightly missed fiscal second-quarter earnings estimates. The firm reported adjusted earnings of $1.47 per share, while analysts polled by LSEG were looking for $1.48 a share. Oracle’s revenue of $14.1 billion matched analyst estimates. […]

Amazon partnering with Intuit Quickbooks for third-party sellers

Sasan Goodarzi, president and CEO of Intuit Inc. and Andy Jassy, CEO of Amazon. David Paul Morris | Bloomberg | Getty Images Amazon has for years counted on millions of third-party sellers to provide the bulk of the inventory that consumers buy. But keeping track of their finances has long been a challenge for outside […]

Stocks making the biggest moves midday: HSY, NVDA, BABA, OMC

Check out the companies making headlines in midday trading: Hershey , Mondelez International — Hershey shares jumped roughly 10.9% after Bloomberg News reported that Cadbury and Oreo maker Mondelez is again trying to buy the chocolate company. News of the attempted takeover put Hershey shares on pace for their best day since June 2016, when Hershey […]

The U.S. job market is stagnant right now

Rudi_suardi | E+ | Getty Images The U.S. job market has been stagnant of late, a dynamic that contains both good and bad news for U.S. workers. On the one hand, businesses are holding on to their existing workforce, meaning employees are unlikely to lose their jobs, economists said. But it also may be hard […]

NVDA, PLTR, IPG, M and more

Check out the companies making headlines in premarket trading. Nvidia — Shares slid 2% after China said a regulatory body launched an investigation into the chipmaker. The State Administration for Market Regulation was looking at potential antimonopoly law violations, according to the Chinese government. Advanced Micro Devices — The chipmaker dropped more than 1% after […]

Treasury may fine small businesses up to $10,000 if they don’t file this report

Treasury Secretary Janet Yellen following a tour of the Financial Crimes Enforcement Network (FinCEN) in Vienna, Virginia, on Jan. 8, 2024. Valerie Plesch/Bloomberg via Getty Images Small businesses and their owners could face penalties of $10,000 or more if they don’t comply with a new U.S. Treasury Department reporting requirement by year’s end — and […]