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Dow futures slip after China says trade talks haven’t even started: Live updates

by CNBC Markets | April 24, 2025 6:04 pm | US Markets

The major averages ended Wednesday higher on hopes that trade tensions between the U.S. and China could soon ease.

American Airlines withdraws 2025 forecast on murky economic outlook

by CNBC Markets | April 24, 2025 6:04 pm | US Markets

American Airlines joined Delta, Southwest and Alaska in pulling its 2025 financial guidance.

Tide owner Procter & Gamble cuts earnings, revenue outlook as quarterly sales disappoint

by CNBC Markets | April 24, 2025 5:04 pm | US Markets

Procter & Gamble’s quarterly earnings topped estimates, but its revenue fell short of expectations.

Bristol Myers Squibb tops quarterly estimates, hikes outlook as drugmaker braces for tariffs

by CNBC Markets | April 24, 2025 5:04 pm | US Markets

The guidance revisions include the estimated impact of current tariffs on U.S. products shipped to China, but not Trump’s planned pharmaceutical tariffs.

Merck lowers profit outlook, partly due to $200 million expected tariff hit

by CNBC Markets | April 24, 2025 5:04 pm | US Markets

Merck said the expected tariff charge primarily reflects levies between the U.S. and China, but does not account for Trump’s planned pharmaceutical tariffs.

PepsiCo cuts earnings forecast as it predicts ‘uncertainty’ in tariffs, consumer spending

by CNBC Markets | April 24, 2025 4:06 pm | US Markets

PepsiCo cut its forecast for its core constant currency earnings per share, citing new tariffs.

China says no ongoing trade talks with the U.S., calls for canceling ‘unilateral’ tariffs

by CNBC Markets | April 24, 2025 2:04 pm | US Markets

U.S. President Donald Trump and U.S. Treasury Secretary Scott Bessent this week indicated that there might be an easing in tensions with China.

Ex-OpenAI staffers urge states not to approve ChatGPT maker’s restructuring effort

by CNBC Markets | April 24, 2025 5:03 am | US Markets

A group including ex-OpenAI employees sent a letter to attorneys general in California and Delaware requesting that they halt OpenAI’s restructuring.

Stock futures slip after major averages post back-to-back gains: Live updates

by CNBC Markets | April 24, 2025 4:04 am | US Markets

The major averages ended Wednesday higher on hopes that trade tensions between the U.S. and China could soon ease.

Google forcing some remote workers to come back 3 days a week or lose their jobs

by CNBC Markets | April 24, 2025 4:03 am | US Markets

Several units within Google have told remote staffers that their roles may be at risk if they don’t start showing up at the office for a hybrid work schedule.

Chipotle is seeing a ‘slowdown’ in consumer spending as 2025 gets off to a rough start

by CNBC Markets | April 24, 2025 4:03 am | US Markets

Chipotle’s same-store sales fell in the first quarter for the first time since 2020.

Confidence in Trump’s handling of the U.S. economy plummets, new polls show

by CNBC Markets | April 24, 2025 4:03 am | US Markets

Americans’ views of President Donald Trump’s ability to handle the economy gave him an edge during the 2024 presidential election.

Alaska Airlines warns of slower demand as second-quarter profit outlook falls short

by CNBC Markets | April 24, 2025 3:03 am | US Markets

Alaska Airlines warned of weaker demand, pressuring airfares.

Southwest to cut flights this year, pulls guidance, citing ‘macroeconomic uncertainty’

by CNBC Markets | April 24, 2025 3:03 am | US Markets

Southwest Airlines said it plans to cut flights in the second half of 2025 and pulled its 2025 and 2026 guidance.

IBM beats on earnings and revenue, maintains full-year guidance

by CNBC Markets | April 24, 2025 2:03 am | US Markets

IBM is sticking with its expectations for 2025 despite a “fluid” economic environment.

Dozen states sue Trump in bid to block new tariffs

by CNBC Markets | April 24, 2025 2:03 am | US Markets

The lawsuit in the U.S. Court of International Trade argues that Trump cannot use the International Emergency Economic Powers Act to impose tariffs.

Chipotle misses revenue estimates, gives more cautious outlook as it sees ‘slowdown’ in spending

by CNBC Markets | April 24, 2025 2:03 am | US Markets

Chipotle’s same-store sales fell in the first quarter for the first time since 2020.

Businesses are already trying to pass tariff costs onto customers, Fed report says

by CNBC Markets | April 24, 2025 1:04 am | US Markets

Businesses dealing with tariffs are looking for ways to pass increasing costs onto consumers, according to the Beige Book report.

Discord names new CEO ahead of potential IPO as co-founder steps down

by CNBC Markets | April 24, 2025 1:03 am | US Markets

Discord co-founder Jason Citron will be replaced as CEO by Humam Sakhnini, former vice chairman of Activision Blizzard.

Incoming college freshmen are set to rack up $40,000 in student debt by graduation, report finds

by CNBC Markets | April 23, 2025 11:04 pm | US Markets

With student loans in the spotlight, a new report finds that incoming freshmen will only add to the growing education debt tally.
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