PayPal will lay off 2,000 employees in the coming weeks, about 7% of its workforce

PayPal will lay off 2,000 employees in the coming weeks, about 7% of its workforce

Dan Schulman, CEO, Paypal speaking at the World Economic Forum in Davos, Switzerland, January 23, 2020. Adam Galacia | CNBC PayPal announced plans Tuesday to lay off 2,000 employees, or about 7% of its workforce, according to a post on the company’s website. President and CEO Dan Schulman wrote in the release that PayPal is … Read more

Stocks making the biggest moves in the afternoon: Pentair, UPS and more

Stocks making the biggest moves in the afternoon: Pentair, UPS and more

General Motors CEO Mary Barra addresses reporters as she awaits the arrival of President Joe Biden at the media day of the North American International Auto Show in Detroit, Michigan, Sept. 14, 2022. Rebecca Cook | Reuters Check out the companies making headlines in Tuesday afternoon trading. General engines — Shares of the automaker rose … Read more

Nike is suing Lululemon over shoe designs

Nike is suing Lululemon over shoe designs

Nike sues Lululemon for patent infringement involving at least four of the clothing company’s shoes, extending a contentious legal history between the two companies. In its complaint filed Monday in Manhattan federal court, Nike alleges that it suffered economic loss and irreparable harm as a result of Lululemon’s sale of the Chargefeel Mid, Chargefeel Low, … Read more

Spotify (SPOT) earnings Q4 2022

Spotify (SPOT) earnings Q4 2022

People leave Spotify’s lower Manhattan headquarters on January 23, 2023 in New York City. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images Spotify shares rose as much as 9% early Tuesday after the company reported fourth-quarter earnings that beat analysts’ expectations for revenue and showed strong user growth. Here’s how the … Read more

Stocks make the biggest moves premarket: McDonald’s, UPS and more

Stocks make the biggest moves premarket: McDonald’s, UPS and more

Nathan Stik | Getty Images News | Getty Images Check out the companies making headlines before the bell rings. McDonald’s — Shares fell more than 1% after McDonald’s reported its latest quarterly results. The fast food giant topped profit and revenue estimates, saying customers are increasingly frequenting its restaurants. Still, McDonald’s CEO Chris Kempczinski said … Read more

Eurozone GDP Q4 2022

Eurozone GDP Q4 2022

The latest eurozone growth figures are out as the ECB considers what to do next. Nurphoto | Nurphoto | Getty Images The eurozone beat expectations on Tuesday by showing positive growth in the last quarter of 2022 and easing fears of a potential regional recession. Preliminary figures from Eurostat released on Tuesday showed that the … Read more

Asian chip makers fall as Samsung sees worst quarterly profit in 8 years

Asian chip makers fall as Samsung sees worst quarterly profit in 8 years

Attendees wait in line under a large LED display of smart connected home products to enter the Samsung Electronics booth at the Consumer Electronics Show (CES) in Las Vegas, Nevada, on Jan. 6, 2023. Patrick T Fallon | AFP | Getty Images Shares of semiconductors in Asia fell as South Korean chip giant Samsung Electronics … Read more

McDonald’s (MCD) Q4 2022 earnings

McDonald’s (MCD) Q4 2022 earnings

On April 28, 2022 in San Leandro, California, a sign is in front of a McDonald’s restaurant. Justin Sullivan | Getty Images McDonald’s is expected to report fourth-quarter results ahead of Tuesday’s bell. Here’s what analysts surveyed by Refinitiv expect the company to report: related investment news Earnings per share: $2.45 expected Revenue: $5.69 billion … Read more

Asia Pacific Stocks, Fed, Earnings, Economic Data

Asia Pacific Stocks, Fed, Earnings, Economic Data

CNBC Pro: What a technology fund manager expects from Apple and Alphabet’s earnings this week Microsoft gave a disappointing sales forecast last week, but inventory has since increased. What does that mean for the other Big Tech companies that are going to report earnings? Tech fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 … Read more

Chinese stocks approach bull market after returning from Lunar New Year holiday

Chinese stocks approach bull market after returning from Lunar New Year holiday

Tourists walk under colorful lanterns at the Beijing Nangong Tourist Resort during the spring festival holiday on January 23, 2023 in Beijing, China. The Chinese Lunar New Year or Spring Festival falls on January 22. Vcg | Visual China Group | Getty Images China’s onshore A-shares hovered near bull market territory on Monday, the first … Read more