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Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024. Halil Sagirkaya | Anadolu | Getty Images Salesforce shares soared 12% in extended trading on Wednesday after the cloud software vendor reported results and issued guidance that surpassed Wall Street projections. Here’s how the company did…
Meta and a coalition of state attorneys general have settled a major federal case centering on allegations that the social media giant misrepresented the extent of child-related mental health harms caused by apps like Facebook and Instagram. The settlement was revealed a court filing released Wednesday that details several requirements Meta must make to its…
FILE PHOTO: Oil tankers pass through the Strait of Hormuz, December 21, 2018. Hamad I Mohammed | Reuters Oil fell Wednesday, amid easing concerns about military conflict as the U.S. leans towards economic sanctions to pressure Iran. International benchmark Brent crude futures for October delivery declined 2.62% to $86.26 a barrel. U.S.Β West Texas IntermediateΒ futuresΒ for October…
Sinology | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies.Β Sign upΒ to receive future editions, straight…
The U.S. dollar was on the defensive early on Wednesday after comments from Federal Reserve Chair Jerome PowellΒ bolsteredΒ wagers on an interest rate cut this month. Bloomberg | Bloomberg | Getty Images New Delhi’s bid to attract foreign funds through a special scheme has helped power $73 billion in inflows in the last 11 weeks, driven…
David Ellison β the founder of a film production company and son of billionaire Larry Ellison β has been at the helm of Paramount Skydance for just over a year. He’s been fighting to acquire Warner Bros. Discovery for nearly as long. The latest roadblock in his path, a group of state attorneys general seeking…
US President Donald Trump speaks to reporters before boarding Air Force One at Joint Base Andrews, Maryland on Aug. 21, 2026. Saul Loeb | AFP | Getty Images President Donald Trump on Monday said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027,…
A housewife (R) buys vegetables at a wet market in Singapore Roslan Rahman | Afp | Getty Images Singapore inflation missed estimates even as it accelerated to a near two-year high in July, as higher energy prices due to the Iran war lifted electricity prices. The city-state reported that consumer prices last month rose 2.2%,…
Hakeem Jeffries, Minority Leader of the U.S. House of Representatives speaks during the CNBC CEO Council Summit in Washington D.C. on June 2, 2026. Aaron Clamage | CNBC Democratic House leader Hakeem Jeffries met with President Donald Trump’s son-in-law Jared Kushner in recent weeks, signalling people close to the president may be preparing for at…
Charles Scharf, chief executive officer of Wells Fargo & Co., and Jane Fraser, chief executive officer of Citigroup Inc. Caroline Brehman | Qilai Shen | Bloomberg | Getty Images Walk the halls of any major banking conference or listen in on a quarterly earnings call, and one topic keeps coming up: With the window for…