Business News
CNBC.COM1h
‘Massive for the sport’: Lewis Hamilton’s blockbuster move to Ferrari hailed as a major coup for F1
The news sent shockwaves through Formula One, with 2009 world champion Jenson Button describing Hamilton's move to Ferrari as "massive for the sport."
CNBC.COM1h
Meta shares surge 17% in premarket trade as investors cheer first-ever dividend
Meta shares surged about 17% in U.S. premarket trading on Friday, after the firm tripled profits in the fourth quarter and issued its first-ever cash dividend.
Button gives his verdict on Hamilton's 'brave' Ferrari move
Jenson Button has hailed Lewis Hamilton’s decision to leave Mercedes for Ferrari as a “brave” one, with the former F1 driver also suggesting that the shock move is “great for the sport”.
BofA’s Hartnett Sees Stocks Behaving Like a Bubble Is Imminent
The rush into technology stocks is resembling the bubble of 1999, reflecting an assumption that the economy will perform strongly despite tighter monetary policy, according to Bank of America Corp. strategists.
Labor market appears strong for workers despite recent job cuts
Economists predict that the January jobs report, to be released Friday, will show the 37th consecutive month of job gains and a small uptick in the unemployment rate.
CNBC.COM2h
Friday's analyst calls: What the Street says after more Big Tech earnings, Nvidia price target hike
Major tech-related companies were front and center on analysts' minds Friday.
Why Intel is delaying its $20 billion chipmaking project in Ohio
Construction on the manufacturing facilities now is not expected to be finished until late 2026.
Live: Hamilton Mercedes exit fallout + first 2024 F1 car launch
Join The Race Live Hub for updates, comment and analysis as the fallout from Lewis Hamilton's shock Mercedes exit continues to unfold plus Haas becomes the first team to launch a 2024 Formula 1
ar
CNN.COM2h
Chinese stocks are melting down again after worst week in years
Despite recent attempts by Beijing to shore up confidence in the Chinese economy and stem a protracted stock market slump that has wiped out $6 trillion in value in three years, investors are still rushing for
he exit.
January Jobs Report: U.S. Job Growth Expected to Be Solid
Economists predict that hiring continued at a healthy pace last month, capping a run of strong gains in the labor market.
How Hamilton dropped his Ferrari bombshell on Mercedes
After Formula 1’s long winter break, it has become almost a tradition for Mercedes boss Toto Wolff and Lewis Hamilton to meet in person for a friendly kitchen chat.
Ferrari's Hamilton 'Coup' Hailed As Triumph In Italy
Lewis Hamilton's surprise decision to quit Mercedes and join Ferrari at the end of the coming Formula One season was greeted with joy in the Italian media on Friday.
CNN.COM3h
January jobs report: Expect to see strong but slower hiring and an uptick in the unemployment rate
The first jobs report for 2024, set to be released at 8:30 am ET Friday, is expected to underscore the strength of the US economy despite 11 rate hikes from the Fed
ral Reserve.
The risks in Lewis Hamilton's Ferrari F1 move
OPINION: Lewis Hamilton shook the Formula 1 world with his decision to sign for Ferrari for the 2025 season, ending a prosperous relationship with Mercedes. It's one of the biggest moves in the championship's history, and while there are obvious pros to his move, there are also big risks
Autosport Podcast: Hamilton makes shock Ferrari switch for F1 2025
Lewis Hamilton’s shock Ferrari switch will see him leave Mercedes at the end of this season and start a new and intriguing chapter
of his Formula 1 career.
Seismic Shift In F1 As Lewis Hamilton Announces Shock Move To Ferrari
Since yesterday, the motor sport world has been buzzing with news that Lewis Hamilton will leave Mercedes and move to Ferrari for 2025.
WHIO.COM5h
Intel delaying construction timeline of Ohio chip manufacturing plant
The company said this was due to business conditions and the demand environment.
Toto Wolff's private reaction to Lewis Hamilton leaving Mercedes for Ferrari emerges
The F1 superstar will quit Merce
es for Ferrari next year
‘Hello Lewis’: Footage of Charles Leclerc discussing his ‘ideal’ teammate resurfaces
Footage of Charles Leclerc discussing what he looks for in a Formula 1 teammate has resurfaced following Lewis Hamilton’s sensational move to Ferrari. The seven-time world champion’s switch from Mercedes was confirmed on Thursday 1 February, after he activated a break clause in his current contract. Back in May 2023, Leclerc was asked what he looks for in a teammate amid speculation Hamilton could be on the move.
CNBC.COM6h
CNBC Daily Open: Mega tech earnings grab attention
Three "Magnificent 7" results hogged the headlines: Meta, Amazon and Apple.
CNBC.COM6h
European markets set for higher open with earnings, central banks in focus
European markets are set for a higher open on Friday to close out a busy week of corporate earnings and major central bank decisions.
Nvidia sets monthly record with unprecedented market value surge in January
Meanwhile, Microsoft, the world's most valuable company, also enjoyed a robust increase in market value, adding $159.36 billion, largely attributed to the rising demand for its Azure cloud service. Meta's stock surged over 14% to a record high $451 after the bell on Thursday, elevating its market capitalization by $148 billion to $1.16 trillion after the Facebook owner delivered a 25% jump in revenue to $40.1 billion for the December quarter and declared its first-ever dividend. On the other end of the spectrum, Tesla Inc emerged as the weakest performer among the top 20 global companies by market cap, losing about 24.5% of its value over the last month due to concerns over slowing growth.
January jobs report expected to show that hiring slowed last month
The January jobs report, due Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.
Apple iPhone sales slump in China as Huawei's foldable phones gain momentum
Downbeat revenues in the key Asian market are spooking investors - with Apple executives warning that revenues between January and March will be billions of dollars less than what analysts had forecast.
The rout in Chinese equities stays the course as last week's rebound gets faded
The relief last week was nothing more than a dead cat bounce