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Novo Nordisk shares plunge 17% after Wegovy-maker cuts full-year guidance

by CNBC Markets | July 29, 2025 5:11 pm | US Markets

Danish pharmaceutical giant Novo Nordisk on Tuesday cuts its full-year sales and profit guidance.

PayPal beats on earnings, raises full-year outlook as Venmo growth accelerates

by CNBC Markets | July 29, 2025 5:11 pm | US Markets

PayPal topped Wall Street estimates for the quarter and raised full-year guidance, as CEO Alex Chriss pushes profitability over volume.

Boeing slashes losses as CEO touts ‘our turnaround year’

by CNBC Markets | July 29, 2025 5:11 pm | US Markets

Boeing slashed its quarterly losses as sales jumped after it delivered the most airplanes since 2018.

Merck plans $3 billion cost cuts by end of 2027, narrows full-year outlook

by CNBC Markets | July 29, 2025 4:09 pm | US Markets

The multi-year effort comes as Merck prepares to offset revenue losses from the upcoming patent expiration of its blockbuster cancer drug Keytruda.

UnitedHealth says 2025 earnings will be worse than expected as high medical costs dog insurers

by CNBC Markets | July 29, 2025 4:08 pm | US Markets

UnitedHealth’s 2025 earnings guidance fell well short of Wall Street estimates, in the latest setback for the company.

Jeep maker Stellantis reinstates financial guidance but flags ‘tough decisions’ ahead

by CNBC Markets | July 29, 2025 3:14 pm | US Markets

Auto giant Stellantis has touted a gradual recovery over the coming months.

Pharma giants push for tariff clarity as ambiguity threatens EU-U.S. deal

by CNBC Markets | July 29, 2025 3:14 pm | US Markets

The pharma sector remains under a U.S. Section 232 investigation, with the outcome due by August.

While the Fed kept its benchmark unchanged, here’s what happened to consumer borrowing rates

by CNBC Markets | July 29, 2025 3:13 pm | US Markets

Even while the Fed left its benchmark rate unchanged, many consumer rates have fluctuated over the first half of the year.

Waymo plans to bring its robotaxi service to Dallas in 2026

by CNBC Markets | July 29, 2025 6:10 am | US Markets

Waymo is partnering with rental car company Avis for robotaxi fleet management in Dallas.

At least three victims shot in mid-Manhattan skyscraper; suspect ‘neutralized’

by CNBC Markets | July 29, 2025 6:10 am | US Markets

A person who opened fire inside a midtown Manhattan skyscraper housing the National Football League headquarters and offices of several major financial institutions, including hedge fund giant Blackstone, has been “neutralized,” the New York city police...

Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says

by CNBC Markets | July 29, 2025 4:04 am | US Markets

Revenue from sales of Ray-Ban Meta smart glasses more than tripled during the first half of the year, EssilorLuxottica said in its latest earnings report.

Trade court won’t reinstate tariff exemption on low-value ‘de minimis’ shipments, for now

by CNBC Markets | July 29, 2025 2:05 am | US Markets

A federal appeals court will soon hear oral arguments in a major case challenging Trump’s “reciprocal” tariffs.

Trump Organization says Amazon, Walmart, eBay sellers are hawking knockoff shirts, hats, mugs

by CNBC Markets | July 29, 2025 2:05 am | US Markets

The Trump Organization said several unnamed businesses sold counterfeit coffee mugs, hats and other goods bearing its trademarks.

Even with high tariffs, Trump’s trade war suddenly is starting to look not so scary on Wall Street

by CNBC Markets | July 29, 2025 1:04 am | US Markets

Economists cite several factors as reasons for why the landscape looks less dire.

JPMorgan says fintech middlemen like Plaid are ‘massively taxing’ its systems with unnecessary pings

by CNBC Markets | July 29, 2025 12:05 am | US Markets

JPMorgan, the biggest U.S. bank by assets, is preparing to charge fintech middlemen like Plaid and MX new fees for access to customer data.

Spirit Airlines to furlough 270 pilots, downgrade more than 100 others as it prepares to cut flights

by CNBC Markets | July 29, 2025 12:05 am | US Markets

Spirit emerged from Chapter 11 bankruptcy in March and has been trying to win over customers with more upscale travel options.

Trump seeks quick deposition of Rupert Murdoch in Jeffrey Epstein letter defamation case

by CNBC Markets | July 28, 2025 10:11 pm | US Markets

President Donald Trump has angrily denied writing his then-friend Jeffrey Epstein a letter marking his 50th birthday.

Figma raises IPO range to $30-$32 per share, in deal that could value company at nearly $19 billion

by CNBC Markets | July 28, 2025 10:11 pm | US Markets

The new valuation is still below what Adobe offered to pay to buy Figma in 2022.

Trump says he cut ties with Jeffrey Epstein because ‘he stole people who worked for me’

by CNBC Markets | July 28, 2025 9:05 pm | US Markets

President Trump’s past friendship with Jeffrey Epstein has come under scrutiny after Attorney General Pam Bondi said she would not release files about Epstein.

Trump: Global baseline tariff will likely be 15% to 20%

by CNBC Markets | July 28, 2025 8:06 pm | US Markets

The figures are significant because they represent a major increase from the 10% baseline tariff Trump announced in April of this year.
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