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Tag: Markets

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CNBC Daily Open: PPI and tariffs cloud markets, but investors choose to see silver lining

Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on February 12,...

Coinbase revenue surges more than 130%, driven by postelection crypto rally

Coinbase on Thursday reported better-than-expected fourth-quarter results and its biggest quarterly revenue in three years, strengthened by a raging postelection rally that pushed crypto prices...

GameStop is considering investing in bitcoin and other cryptocurrencies, sources say

A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany.Ying Tang | Nurphoto |...

Reddit shares slump 5% on daily active user miss

Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna...

GE Healthcare soars 9% on earnings beat, wise guidance. Here’s our new price target

Things continue to look up for GE Healthcare stock this year. Shares of the medical technology company jumped roughly 9% on Thursday after...

Producer prices report points to softer Fed inflation measure than feared

A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are...

Apple will integrate Alibaba’s AI into iPhones in China, Chairman Joe Tsai says

An Apple Store on Jan. 26, 2025, in Chongqing, China. Cheng Xin | Getty Images News | Getty ImagesAlibaba Group Chairman Joe Tsai confirmed...

Chinese businesses rush to try DeepSeek AI at ‘unprecedented’ scale

BEIJING — Chinese businesses are tapping DeepSeek's newest artificial intelligence model to see how it can improve productivity.The Chinese AI model took the...

Hopes for more Fed rate cuts dim as Powell notes hot CPI means ‘we’re not quite there yet’

Cartons of eggs are displayed at a grocery store with a warning that limits will be placed on purchases as bird flu continues...

Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’

Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold...

Trump’s Mexico and Canada tariffs could add nearly $6,000 to the average cost of a car, by one estimate

In an aerial view, Chevrolet cars and trucks are on display at Novato Chevrolet on Jan. 28, 2025 in Novato, California.Justin Sullivan |...

The New York Stock Exchange is launching an exchange in Texas

A person walks past the New York Stock Exchange at Wall Street in New York on Feb. 3, 2025.Angela Weiss | AFP |...

Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%

Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates.The consumer...

Warren Buffett’s Berkshire buys more Occidental after 30% sell-off from record high

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024.CNBCWarren Buffett's Berkshire Hathaway purchased more shares of Occidental Petroleum...

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