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☆ A boomer Uber driver made over $100,000 but lost $80,000 to expenses and commissions. He shares why he plans to keep driving.
▼ + stars: | 2024-02-05 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

But after Uber took its cut and his driving expenses were accounted for, his profits fell to about $20,000. How commissions and driving expenses reduce drivers' profitsOf Ceran's roughly $83,000 in total business expenses, $38,000 consisted of Uber's booking and service fees — effectively the commission the company takes from drivers' earnings. After accounting for Uber's commission — and before expenses — Ceran saw as much as $65,000 in Uber income enter his bank account in 2023. The $44,000 deduction was an estimate for tax purposes, so it's possible his true vehicle expenses weren't quite that high. His first year driving Uber, 2016, was more eventful than anticipated: He got caught in Hurricane Matthew while driving in Norfolk, Virginia.

Persons: —, Ceran, Kia Forte, Uber, he's, they're, Lisa Greene, Lewis, Greene, — Ceran, he'd Organizations: Service, Business, BI Locations: Virginia, Hurricane, Norfolk , Virginia

☆ A boomer Uber driver made over $100,000 but lost $80,000 to expenses and fees. He shares why he plans to keep driving.
▼ + stars: | 2024-02-05 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

A boomer Uber driver's business had over $100,000 in earnings but only $20,000 in profits. But after Uber took its cut and his driving expenses were accounted for, his profits fell to about $20,000. The $44,000 deduction was an estimate for tax purposes, so it's possible his true vehicle expenses weren't quite that high. AdvertisementThat said, commissions and driving expenses took a significant cut out of his business's profitability. His first year driving Uber, 2016, was more eventful than he anticipated: He got caught in Hurricane Matthew while driving in Norfolk, Virginia.

Persons: boomer, —, Dean Ceran, Kia Forte, Uber, he's, Ceran, it's, haven't, they're, Lisa Greene, Lewis, Greene, — Ceran Organizations: Uber, Service, BI Locations: Virginia, Hurricane, Norfolk , Virginia

☆ Still love your landline? Phone service providers are getting closer to phasing it out
▼ + stars: | 2024-02-05 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

CNN —More people who are still using telephone landlines will soon need to decide if they want to finally hang up on their service. That’s part of a sweeping move by phone service providers to replace older copper wire-based telephone systems lines, also known as Plain Old Telephone Service (POTS), with faster and more advanced technology that doesn’t work with landlines. In the United States, the shift away from copper landlines will most likely impact people over age 65 and small business owners. “Traditional landline telephone service is the most dependable communications tool currently available in rural communities and is vital to reliably accessing 9-1-1,” he said. Because phone service workers will need to be deployed during the removal process, this could extend the completion time.

Persons: CNN —, “ We’ve, “, ”, Lisa Pierce, Patrick Blacklock, ” Pierce, Will McKeon, White, ” McKeon Organizations: CNN, Verizon, Old Telephone Service, landlines, UK, Consumers, California Public Utilities Commission, Gartner, California, Federal Communications Commission, Forrester Research Locations: California, France, California ”, United States, Pennsylvania, Rural County

☆ Two Climate Advisers Quit U.S. Export-Import Bank Over Fossil Fuel Plans
▼ + stars: | 2024-02-05 | by ( Lisa Friedman | Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

A federal bank that finances projects overseas is set to vote on Thursday on whether to use taxpayer dollars to help drill oil and gas wells in Bahrain, a contentious decision that prompted two of the bank’s climate advisers to resign, according to people with knowledge of their decisions. The project in Bahrain is one of several controversial overseas fossil fuel projects that the Export-Import Bank of the United States is currently considering. The two advisers, who sit on an 18-person board that President Biden created to help the bank take climate change into account when making investments, resigned last week after a meeting about the Bahrain project, according to five current and former bank officials, who spoke on the condition that they not be identified because they were not authorized to discuss internal deliberations. They described mounting frustration among climate advisory board members, who say they are being kept in the dark about upcoming fossil fuel loans and blocked from making recommendations about whether to approve or even modify a particular project.

Persons: Biden Organizations: Export, Import Bank Locations: Bahrain, United States

☆ Ukraine's Zelenskiy Is Considering Replacing Zaluzhnyi, Others
▼ + stars: | 2024-02-04 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +3 min

(Reuters) -Ukrainian President Volodymyr Zelenskiy, in an interview broadcast on Sunday, said he was considering a "reset" to replace several senior officials. Speculation has gripped Ukraine for weeks over suggestions that the president was about to dismiss the highly popular commander, Valeriy Zaluzhnyi. But Zelenskiy said any changes went beyond replacing a single person to harness efforts to oust Russian troops. To win the war, Zelenskiy said, "We must all push in the same direction, we cannot be discouraged, we must have the right and positive energy, negativity must be left at home. On two occasions in the past week, Ukrainian media issued a torrent of reports that Zaluzhnyi's dismissal was imminent.

Persons: Volodymyr Zelenskiy, Valeriy, Zelenskiy, Zelenskyi, Zaluzhnyi, Oleksandr Syrskyi, Kyrylo Budanov, Gianluca Semeraro, Ron Popeski, Diane Craft, Lisa Shumaker Organizations: Reuters, RAI, Russian, CNN Locations: Ukraine, Russian, Italian, Ukrainian, Ukraine's, Kyiv

☆ Grammy Awards winners list (updating live)
▼ + stars: | 2024-02-04 | by ( Lisa Respers France | ) edition.cnn.com time to read: +5 min

CNN —Winners of the 66th Grammy Awards, the music industry’s top prize, are being presented on Sunday. The ceremony is taking place in rainy Los Angeles, where Trevor Noah is hosting the event for a fourth time. The nominees in several top fields can be found below. Winners are indicated in bold and are being updated live throughout the show. The full list of winners in all 94 Grammy categories can be found here.

Persons: Trevor Noah, SZA, Phoebe Bridgers, Billie Eilish, Barbie ”, “ Oppenheimer ”, Taylor Swift, “, ” She’s, ”, Janelle Monáe, Jon Batiste, Lana Del Rey, Miley Cyrus, Olivia Rodrigo, Eilish, Bill ” Taylor Swift, Victoria, Coco Jones Gracie Abrams Fred, Noah Kahan Victoria Monét, Kelly Clarkson, Ed Sheeran, ” Taylor Swift, Brandi Carlile, Miles ” SZA, Karma, Jack Antonoff Dernst, ” Emile II, Daniel Nigro, Edgar Barrera Jessie Jo Dillon Shane McAnally Theron Thomas, Justin Tranter, Mike, “ Michael ”, ” Nas, Travis Scott, Kendrick Lamar, ” Drake, Rich, Osborne, “ Brothers Osborne ” Kelsea, ” Lainey Wilson, Tyler Childers, “ Rustin ’, Zach Bryan, Zach Bryan ”, Brandy Clark, Chris Stapleton, Dolly Parton, Luke Combs, Greta Van, Coco Jones, Emily King, Walker, Chris Brown, Robert Glasper, Alex Isley, Bill ” Victoria, ” PJ Harvey, Amapiano ” Burns, David, Ayra Starr, ” Tyla, “ Barbie, ” Mark Ronson, Andrew Wyatt, ” Ludwig Göransson, ” John Williams, “ Indiana Jones, “ Oppenheimer Organizations: CNN, “, Swift, Hit Boy Metro, Drake, Metro Boomin, “ Scientists, Engineers, Queens, Pumas, Foo, Boys Locations: Los Angeles, Dua Lipa

☆ Jay-Z calls out the Recording Academy in Grammys speech
▼ + stars: | 2024-02-04 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Jay-Z used his speech at the Grammy Awards to get some things off his chest. “And then they went to a hotel and watched the Grammys,” Jay-Z said. “I’m just saying, we love y’all, we love ya’ll, we love y’all and we want y’all to get it right,” Jay-Z said. “I don’t want to embarrass this young lady, but she has more Grammys than anyone, and never won album of the year,” he said of Beyoncé. Think about that, most Grammys, never won album of the year, that doesn’t work.”Bey became the most awarded artist in Grammys history, with a record 32 wins, at last year’s ceremony.

Persons: CNN — Jay, Z, Blue Ivy, Will Smith, DJ Jazzy Jeff, ” Jay, “, DMX, “ I’m, Beyoncé, ”, ” Bey, ” Beyoncé, ” “ Organizations: CNN, Dre

☆ US Plans More Strikes in Middle East Against Iran-Backed Groups
▼ + stars: | 2024-02-04 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

WASHINGTON (Reuters) - The United States plans to undertake further strikes after the killing of three U.S. troops by Iranian-backed militias last weekend, White House National Security Adviser Jake Sullivan said on Sunday. "We intend to take additional strikes, and additional action, to continue to send a clear message that the United States will respond when our forces are attacked, when our people are killed," he told NBC’s "Meet the Press" program. The United States and Britain launched strikes against 36 Houthi targets in Yemen on Saturday, in the second day of major U.S. operations against Iran-linked groups following a deadly attack that killed three American troops in Jordan last weekend. War in Israel and Gaza View All 194 Images"What happened on Friday was the beginning, not the end, of our response, and there will be more steps - some seen, some perhaps unseen," Sullivan told CBS' "Face the Nation" program. (Reporting by Doina Chiacu and Arshad Mohammed; Editing by Louise Heavens and Lisa Shumaker)

Persons: Jake Sullivan, NBC’s, Sullivan, Doina Chiacu, Arshad Mohammed, Louise Heavens, Lisa Shumaker Organizations: WASHINGTON, United, White, National, Press, Britain, Pentagon, U.S, Islamic Revolutionary Guard Corps, Hamas, CBS Locations: United States, Iranian, Yemen, Iran, Jordan, Iraq, Syria, Palestinian, Israel, Gaza, Tehran

☆ Police in Michigan City Put on Alert After WSJ Opinion Piece
▼ + stars: | 2024-02-04 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

The WSJ published the piece on Friday headlined as "Welcome to Dearborn, America's Jihad Capital." Islamophobic," Dearborn Mayor Abdullah Hammoud said about the WSJ piece written by Steven Stalinsky, executive director of the Middle East Media Research Institute. This is a direct result of the inflammatory @WSJ opinion piece that has led to an alarming increase in bigoted and Islamophobic rhetoric online targeting the city of Dearborn," the mayor added. Rights advocates have noted a rise in Islamophobia, anti-Palestinian bias and antisemitism in the U.S. since the eruption of war in the Middle East in October. The latest eruption of war in the Middle East began on Oct. 7 when Hamas attacked Israel, killing 1,200.

Persons: Kanishka Singh, Abdullah Hammoud, Steven Stalinsky, Dan Burns, Lisa Shumaker Organizations: Street Journal, Council, Islamic Relations, Dearborn, Middle East Media Research Institute, Street, East, Hamas Locations: Dearborn , Michigan, Dearborn, Jihad, Israel, Gaza, U.S, Vermont, Illinois, Washington

☆ Olivia Culpo bought Christian McCaffrey's mom a Super Bowl suite because she couldn't afford it herself. Here's how much it might have cost.
▼ + stars: | 2024-02-03 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

San Francisco 49ers running back Christian McCaffrey's mother said his family couldn't afford a Super Bowl suite. A Super Bowl suite costs between $1,400,000 and $2,500,000 on average. AdvertisementSuper Bowl suites are so pricey that even the families of NFL players are struggling to afford them. So, how much does a Super Bowl suite cost? According to Suite Experience Group, which sells suites for the Super Bowl, suites cost between $1,400,000 and $2,500,000 on average.

Persons: Christian McCaffrey's, fianceé, Olivia Culpo, —, Lisa McCaffrey, Christian McCaffrey, Lisa, That's, Christian, Olivia Culpo —, Business Insider's Cork Gaines, Stefanie Keenan, Taylor, Olivia Culpo's Instagram, Culpo, Usher, Taylor Swift, Travis Kelce Organizations: San Francisco 49ers, Service, NFL, Allegiant, Kansas City Chiefs, Super, Miss Universe, Business, Bowl LIV, Roc Nation Locations: Vegas

☆ Why parts of the ‘Magnificent 7’ are losing their luster
▼ + stars: | 2024-02-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +6 min

After turbocharging late 2023's stock market rally, some of the " Magnificent 7 " technology darlings are looking less magnificent this year. Shares of Meta and Nvidia are leading the Magnificent 7 for the year, with both stocks jumping roughly 34% each. The rest of the Magnificent 7 stocks, however, have received anywhere from 70% to 85% buy rating consensus. While the other five are forecast to see at least double-digit earnings growth estimates, analysts predict Apple's earnings growth to stay relatively unchanged. On the other hand, consensus estimates call for Tesla earnings to fall by 20%.

Persons: turbocharging, Tesla, Art Hogan, Hogan, Baird, Elon Musk's, Ben Kallo, Tim Long, Piper Sandler, Harsh Kumar, Charles Schwab, Kevin Gordon, Gordon, Ed Yardeni, isn't, Yardeni, Russell, Fred Imbert Organizations: Nvidia, Meta, Microsoft, Apple, Wall Street, Riley Wealth Management, CNBC, BYD, Barclays, Blips, Yardeni Research, titans Locations: Delaware, China

KNOXVILLE, Tenn. (AP) — A federal lawsuit filed Friday says that a woman who died last February shouldn't have been discharged from a Tennessee hospital, forced to leave despite her pleas for more help and unassisted by security guards and police during a medical emergency. Security officers at the hospital called police Feb. 5, 2023, saying that Edwards had been evaluated and discharged, but she was refusing to leave. The lawsuit filed in Knoxville names three officers who were later disciplined by the city's police department, according to the Knoxville News Sentinel. But she is rebuffed by officers and hospital security guards who become frustrated with her inability to step up into the van and tell her she is faking her incapacity. “This was an emergency medical condition that began and worsened on hospital property and that was unequivocally preventable and treatable,” the lawsuit states.

Persons: Lisa Edwards, Edwards, she’s, ” Edwards Organizations: —, Fort Sanders Regional Medical Center, Knoxville Police Department, Knoxville News Sentinel, Covenant Health, Fort Sanders Regional Medical, Labor, Rehabilitation Locations: KNOXVILLE, Tenn, Tennessee, Knoxville, Knox, U.S

Senators are preparing for a key test vote on the package next week, but it already faces a steep climb through Congress. Republicans in both chambers have balked at compromises on border security policy. Senate Republicans had initially demanded that the package include border policy changes, but Donald Trump, the GOP's likely presidential nominee, has become a vocal opponent of the legislation. “Republicans said the border is a priority and we should craft a bipartisan bill to help control the border. But I’m just telling people right now we do not need a border policy.

Persons: Sen, Chris Murphy, Joe Biden, Donald Trump, ” Murphy, ” Sen, Kyrsten, Biden, Mike Johnson, Tommy Tuberville, Steve Bannon's, I’m, Lisa Mascaro Organizations: WASHINGTON, —, Democratic, Republican Senate, Senators, Republicans, Democrats, Trump, Republican, U.S, ___ Associated Locations: U.S, Mexico, Ukraine, Israel, Arizona, Alabama

Israel and Hezbollah each have lessons from their last war, in 2006, a monthlong conflict that ended in a draw. A United Nations resolution ending the war called for withdrawal of Israeli forces from Lebanon and a demilitarized zone on Lebanon's side of the border. Israeli political and military leaders have warned Hezbollah that war is increasingly probable unless the militants withdraw from the border. Hezbollah leader Hassan Nasrallah hasn't threatened to initiate war but warned of a fight “without limits” if Israel does. Costs would rise sharply if there's war with Lebanon.

Persons: They've, U.N, Antonio Guterres, Hassan Nasrallah hasn't, Andrea Tenenti, Lisa Abou Khaled, ”, Tal Beeri, there's, Israel's, Orna Mizrahi, Netanyahu, Dina Arakji, ___ Lidman Organizations: United States, United, U.S, Bank of Israel, Alma Research, Education Center, Israel Democracy Institute, Institute for National Security Studies, Gaza's Health Ministry, Lebanese Locations: BEIRUT, Israel, Gaza, United, Lebanon, United Nations, Europe, Iran, Israel's, “, Syria, Iraq, Yemen, Beirut, ”, Tel Aviv

☆ These companies reporting next week, including Chipotle, have a history of beating earnings expectations
▼ + stars: | 2024-02-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

A slate of companies with a track record of beating Wall Street's expectations is teed up to report next week. Investors are anticipating results from a host of companies across different sectors next week, including media, chipmakers, pharmaceuticals and consumer products. Against this backdrop, CNBC Pro analyzed data from Bespoke Investment Group to find stocks with a history of beating their earnings expectations at least 75% of the time and subsequently rising an average of 1.5% or more after earnings were released. The company has historically beaten earnings expectations 76% of the time and has risen 1.66% afterward. The Baltimore-based company also is expected to report fiscal third-quarter earnings results before the market opens next Thursday.

Persons: Wall, AllianceBernstein, Danilo Gargiulo, Jon Tower, CyberArk, Morgan Stanley, Hamza Fodderwala, Fodderwala, Armour, —, Fred Imbert Organizations: CNBC Pro, Investment Group, Citi, Software Locations: Baltimore

☆ Demi Moore gives update on Bruce Willis
▼ + stars: | 2024-02-01 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Though Bruce Willis and Demi Moore divorced more than 20 years ago, they remain close. The Swans,” Moore shared an update on Willis’ health. “I think, given the givens, he’s doing very well,” Moore said during an appearance on “Good Morning America.”It was announced in 2022 that Willis would be stepping away from his career due to cognitive issues. Moore and Willis divorced in 2000, but share three adult daughters, Rumor, Scout and Tallulah. Willis has been married for more than 16 years to Emma Heming Willis, with whom he shares two young daughters, Mabel and Evelyn.

Persons: Bruce Willis, Demi Moore, ” Moore, Willis, givens, he’s, Moore, Emma Heming Willis, Mabel, Evelyn Organizations: CNN, America, Scout, GMA Locations: Tallulah, “

☆ Stocks making the biggest moves premarket: Qualcomm, Merck, General Motors and more
▼ + stars: | 2024-02-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The stock is trading at a low multiple compared to spending, the firm highlighted as a key catalyst for investors. Nextracker — Shares of the solar technology company jumped 17% on bullish analyst notes following its strong quarterly results and guidance increase. Wolfspeed guided for fiscal third-quarter revenue of $185 million to $215 million, below the $224 million, LSEG estimate. Robinson reported 50 cents per share in adjusted earnings, while analysts expected 81 cents per share, per LSEG. The company reported $9.44 billion in revenue, while analysts surveyed by LSEG were looking for $9.70 billion.

Persons: Christopher Danely, Morgan Stanley, Nextracker, Wolfspeed, TD Cowen, ChargePoint, C.H, Robinson, Merck, company's, —, Alex Harring, Lisa Kailai Han, Tanaya Macheel, Jesse Pound, Michelle Fox Theobald Organizations: Qualcomm, Citi, General Motors, General, Barclays, Bank of America, Revenue, Merck, Japanese, Honeywell, LSEG, Norfolk Southern, Ancora Holdings, Wall Street Journal Locations: Norfolk Southern

☆ Caitlin Clark: Iowa superstar tallies 35 points to move up to second all-time on NCAA scoring leaderboard
▼ + stars: | 2024-02-01 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —College basketball superstar Caitlin Clark continues to make history with each passing game. The reigning consensus National Player of the Year moved up to second place on the all-time NCAA Division I women’s basketball scoring leaderboard on Wednesday night, as her Iowa Hawkeyes eased past the Northwestern Wildcats, 110-74. In yet another dominant performance, Clark racked up 35 points to bring her career total to 3,424, only 103 short of the all-time record held by Kelsey Plum. It was also her 50th career game with at least 30 points, the most in men’s or women’s college basketball over the last 25 seasons. Sophomore forward Hannah Stuelke added 17 points and nine rebounds for Iowa, while guard Kate Martin had 16.

Persons: Caitlin Clark, Clark, Brittney Griner, Jackie Stiles, Kelsey Mitchell, Kelsey Plum, I’ve, ” Clark, Lisa, Ben Hsu, Hannah Stuelke, Kate Martin, Melannie Daley, ”, Lisa Bluder, “ Caitlin Organizations: CNN — College, Iowa Hawkeyes, Northwestern Wildcats, Missouri, Ohio State, ESPN, Iowa, Hawkeyes, Indiana Fever, Northwestern, Big, LSU Tigers Locations: men’s, Iowa

☆ Janet Jackson and Justin Timberlake’s Super Bowl ‘Nipplegate’ was 20 years ago. People are still mad
▼ + stars: | 2024-02-01 | by ( Lisa Respers France | ) edition.cnn.com time to read: +6 min

On February 1, 2004, the now-infamous “Nipplegate” incident occurred at the Super Bowl XXXVIII halftime show as Janet Jackson performed with Justin Timberlake, crescendoing to a costume malfunction/reveal that begot the aforementioned name. Journalist Jason Lipshutz tweeted in 2017, “Justin Timberlake officially doing Super Bowl halftime. Dream setlist - “Lovestoned” - 9-minute Janet Jackson apology - “Gone” (w/ *NSYNC)”Justin Timberlake officially doing Super Bowl halftime. And as with every Super Bowl, the anniversary of “Nipplegate” has not been forgotten. One person posted on X (formerly Twitter) Wednesday, “20 years ago, justin timberlake exposed janet jackson’s breast at the 2004 superbowl halftime show.

Persons: Taylor Swift, Janet Jackson, Justin Timberlake, crescendoing, Timberlake, Jackson, Gerrick Kennedy, Justin, revictimize Janet, ”, “, Janet, Jason Lipshutz, “ Justin Timberlake, ” Justin Timberlake, Britney Spears, justin timberlake, janet jackson’s, jackson, timberlake, Spears, ‘, ’ ”, that’s, ” Jackson, ” Hasan Ay, Ay, ” “ Justin, She’s, ” Kennedy, Kelly, clowning Janet Organizations: CNN, Super, Federal Communications Commission, CBS, Bowl, “, viacom, ” CNN

Learn moreBusiness Insider Reviews has been covering the best pet products for more than five years. AdvertisementWhat types of pet products we coverFood: After hundreds of hours of interviews and research, we carefully selected the best cat foods and best dog foods. We also put dozens of litters to the test for our guides to the best cat litters and natural cat litter. Veterinarians and professional groomers also helped us narrow down the best dog toothpastes, dog dental chews, cat dental products, dog shampoos, and cat shampoos. Her article on pet anxiety in Pet Sitting Magazine was also nominated for The PSI Professional Pet Care Award.

Persons: We've, Ollie, we've, groomers, shampoos, Lisa Sabatini, Lisa, basset, JoAnna Pendergrass, JoAnna, Emory University's, Janelle Leeson, Janelle, Dodo, Shoshi Parks, Shoshi, Phoebe, Christy Caplan, Christy, Sherman, Walter, You'll, Jackie Brown, Jackie, Dr, Julie Liu, Liu, — Organizations: Health, Animal Association, Association of American, Business, Wall Street, JPen Communications, Virginia - Maryland College of Veterinary Medicine, Emory, Emory University's Yerkes, Primate Research, Insurance, Rover, Shop, USA, Freelance, Shoshi Parks, NPR, Smithsonian, Atlas Obscura, Portland Community College, Dog Writers Association of America, Animal Wellness, Product, Pet Health, Service Locations: Virginia, Shoshi, Oregon, Austin , Texas, Austin

☆ S&P 500 futures gain after Meta, Amazon results as jobs report looms: Live updates
▼ + stars: | 2024-02-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

On the other hand, Dow Jones Industrial Average futures hovered near the flatline. The Dow Jones Industrial Average added 0.97%, while the S&P 500 and Nasdaq Composite respectively gained 1.25% and 1.3%. The action follows a Wednesday sell-off that started after Federal Reserve chair Jerome Powell indicated that a rate cut at the March meeting was unlikely. Economists polled by Dow Jones are calling for payrolls to have grown by 185,000 positions, and for the unemployment rate to inch higher to 3.8%. That compares to December's blowout of 216,000 positions added and an unemployment rate of 3.7%.

Persons: Jerome Powell, Art Hogan, It's, it's, Hogan, Dow Jones Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Meta, Facebook, Amazon, Apple, Dow Jones, Federal, Riley Wealth Management, CNBC, Chevron, Exxon Mobil, Myers Squibb Locations: China, mull, Bristol, Cigna

☆ Stocks making the biggest moves midday: Peloton, Honeywell, Norfolk Southern, Boot Barn and more
▼ + stars: | 2024-02-01 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Meanwhile, analysts polled by LSEG, formerly known as Refinitiv, forecast earnings of 81 cents per share and $4.34 billion in revenue. Peloton — Shares fell more than 23% on the back of the company's bleak outlook for the current quarter and full-year sales. Peloton is forecasting sales to come in between $700 million and $725 million for the quarter. Analysts polled by LSEG expected revenue of $9.70 billion. Adjusted earnings per share came in at $2.10 versus the $1.66 expected from analysts polled by StreetAccount.

Persons: Robinson, Nextracker, Wolfspeed, MaxLinear, Qorvo, TD Cowen, Gabe Daoud Jr, — CNBC's Pia Singh, Lisa Kailai Han, Jesse Pound, Hakyung Kim, Spencer Kimball, Scott Schnipper Organizations: LSEG, —, Honeywell, New York Community Bank, Regional Banking, Western Alliance, T Bank, Norfolk Southern, Ancora Holdings, Street Journal, Merck —, Merck, FactSet, StreetAccount, Revenue, Qualcomm, Citi

☆ Stocks making the biggest moves after hours: Meta, Amazon, Apple, Skechers and more
▼ + stars: | 2024-02-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Meta — The technology stock soared more than 14% after posting better-than-expected fourth-quarter earnings of $5.33 per share on revenue of $40.11 billion. That exceeded the earnings of $4.96 per share on $39.18 billion in revenue LSEG had expected. Deckers' revenue of $1.56 billion also surpassed the $1.45 billion LSEG had forecast. Skechers is calling for 2024 revenue of $8.6 billion to $8.8 billion and earnings of $3.65 to $3.85 per share. Meanwhile, Coursera reported revenue of $168.9 million, higher than the $164.1 million consensus.

Persons: Dave Powers, Stefano Caroti, Skechers, LSEG, Clorox, Coursera, FactSet, — CNBC's Alexander Harring, Darla Mercado Organizations: FactSet, LSEG, Columbia, Apple Locations: Columbia, China

☆ Stocks making the biggest moves midday: Alphabet, Boeing, AMD, Microsoft, Paramount and more
▼ + stars: | 2024-01-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Alphabet — Shares fell 6.3% after the company posted disappointing fourth-quarter advertising revenue. Late Tuesday, Alphabet posted beats on both top and bottom lines, but its advertising revenue of $65.52 billion fell below analysts' forecast of $65.94 billion, per StreetAccount. Starbucks — Shares fell 0.5% after the coffee giant issued disappointing forward guidance due to a boycott in the U.S. and a weaker Chinese consumer. Adjusted earnings per share for the fourth quarter came in at $3.46 versus the $3.27 expected, per FactSet. Manhattan Associates — The supply chain software provider surged 8% after fourth-quarter adjusted earnings and revenue topped analysts' estimates, per FactSet.

Persons: Byron Allen, NYCB, Tesla, Elon Musk, Roth, Morgan Stanley, SoFi, Stryker, Genuity, —, Alex Harring, Samantha Subin, Sarah Min, Jesse Pound, Lisa Kailai Han, Michelle Fox, Pia Singh Organizations: Boeing, Paramount, AMD, Microsoft, Starbucks, New York Community Bancorp, Bank, Technologies, Rockwell, —, Wall Street, Revenue, Manhattan Associates Locations: U.S, Delaware, Georgia

☆ AMD CEO Lisa Su: AI is the most important technology that has come in the last 50 years
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAMD CEO Lisa Su: AI is the most important technology that has come in the last 50 yearsAMD CEO Lisa Su joins 'Squawk on the Street' to discuss the company's quarterly earnings results, impact of AI transition, 2024 guidance, and more.

Persons: Lisa Su

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