Amazon, Apple, Google and Tesla have all done it. Here's why companies split their stock
A stock split is not uncommon for big names like Amazon, Apple and Tesla. CNBC's Emily Lorsch explains what happens when a company splits its stock.
CNBC US News
Stocks making the biggest moves in the premarket: Amazon, Roku, Intel, Chevron and more
The stocks making the biggest moves in premarket trading include Amazon, Roku, Intel, Chevron, and more.
Amazon says consumer spending remains strong, bucking broader retail gloom
The optimistic commentary is a stark difference from warnings issued earlier in the week by Walmart and Best Buy.
Apple's services slowdown is potential concern for investors focused on profit margins
If Apple's services business continues to show slower growth, investors may reconsider the company's valuation.
Instagram rolling back changes after Kardashians slammed the app for being like TikTok
Instagram is ending a test version of the app that prominently featured algorithmically recommended videos.
GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal
Gross domestic product fell 0.9% at an annualized pace for the period, according to the advance estimate.
Amazon jumps on revenue beat and rosy guidance for third quarter
Amazon on Thursday reported second-quarter results that beat on the top line and issued rosy sales guidance for the third quarter.
Intel CFO says we're 'on the bottom' after company misses earnings and stock sinks
Consumers and schools aren't buying as many PCs as they were, driving a net loss for Intel. But price bumps in the fourth quarter should bolster margins.
Climate groups react to Manchin’s surprise turnaround on reconciliation bill
If passed and signed into law, the reconciliation bill would be the largest climate investment ever taken by Congress.
Apple beats on revenue and profit, expects growth to accelerate despite 'pockets of softness'
Apple reported earnings on Thursday for its fiscal third quarter ending in June.
Roku shares crater after company misses on earnings and warns of 'recessionary fears'
Roku shares plummeted more than 25% in extended trading on Thursday after the company missed expectations on the top and bottom lines for its second quarter.
Amazon records $3.9 billion loss on Rivian investment, bringing markdown for the year to $11.5 billion
Rivian shares plunged 49% in the second quarter after dropping 52% in the first three months of the year, pulling Amazon's stake down by $3.9 billion.
JetBlue to buy Spirit for $3.8 billion in push to become the fifth-largest US carrier
JetBlue Airways reached a deal to buy Spirit Airlines after the discounter broke off its merger agreement with Frontier Airlines.
10-year Treasury yield falls after preliminary GDP reading shows negative growth
The market moves came after the Fed decided to raise interest rates by 75 basis points for a second month in a row to combat high inflation.
Former Trump White House chief of staff Mick Mulvaney meets with Jan. 6 Capitol riot committee
Former Trump White House acting chief of staff Mick Mulvaney was interviewed by the select House committee investigating the Jan. 6 Capitol riot
The economy may look like it's in recession, but we still don't know for sure
The GDP report brought the economy in line with a common definition of recession. But we won't know for sure if it officially becomes one at least for months.
Yellen says the economy is not in a recession despite GDP slump
Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth.
Watch Treasury Secretary Janet Yellen talk live about the state of the U.S. economy
Treasury Secretary Janet Yellen speaks at a news conference on Thursday afternoon, following the release of second-quarter GDP data.
Watch Biden speak about the $433 billion Inflation Reduction Act deal in Congress
President Joe Biden will speak at noon today about the newly announced Democratic budget deal in Congress.
Schumer-Manchin reconciliation bill has $369 billion to fight climate change — here are the details
The Inflation Reduction Act of 2022 provides $369 billion for climate and clean energy programs, the most aggresive climate investment ever taken by Congress.
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