Snowflake stock soars on strong revenue and Q4 guidance
Shares of Snowflake were up more than 13% after it surpassed analyst expectations for third-quarter revenue and provided strong product revenue guidance.
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Treasury yields are flat with the Fed's faster taper plans, omicron variant in focus
U.S. Treasury yields were steady on Wednesday, amid investor concerns around the omicron variant and the Federal Reserve's plans to potentially taper faster than expected.
John Kerry says private sector can win climate change battle
U.S. climate envoy John Kerry said the private sector can find solutions to climate change by funding the trillions needed for a global clean energy transition.
Salesforce stock has worst day since beginning of pandemic after disappointing earnings forecast
Salesforce shares plunged 12% on Wednesday, their steepest drop since March 2020, after the company's forecast for the current quarter missed estimates.
Facebook retreats from crypto ad ban
Facebook on Wednesday announced its decision to reverse long-standing policy that prevented most cryptocurrency companies from running ads on its services.
GM raises 2021 earnings guidance on pricing and better chip supply
The new guidance will likely please investors who were disappointed with the company previously only guiding to the "high end" of its range.
Pentagon calls for stop to anti-satellite weapons testing after Russian demo debris threatened ISS
The Pentagon called for global halt to anti-satellite weapons testing on Wednesday, further decrying the practice after Russia's destructive demonstration.
GM to form new joint venture to produce crucial materials for EVs
GM and South Korea-base Posco plan to open a new North American facility to process critical battery materials known as Cathode Active Material in 2024.
Watch live: White House officials update nation on omicron Covid variant
Burger King will cut menu items to speed up its drive-thru lanes as part of U.S. turnaround
The burger chain did not specify which menu items could disappear but said the goal is to simplify operations.
White House unveils 'Space Priorities Framework' as VP Kamala Harris leads first space council meeting
The first National Space Council of the Biden administration is meeting, and Vice President Kamala Harris is set to outline the White House's approach.
Mortgage refinance demand plunged 15% last week, but could now reverse
Mortgage rates rose last week but turned around quickly on news of the omicron variant and comments by the chairman of the Federal Reserve.
Private payrolls post better-than-expected growth of 534,000 in November, ADP says
Private payrolls increased by 534,000 for the month, better than the Dow Jones estimate of 506,000 in a labor market that appears to be getting tighter.
Watch Fed Chair Powell and Treasury Secretary Yellen testify live before House Covid panel
Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell return to Capitol Hill on Wednesday.
Supply chain chaos to persist through to next summer, Siemens chairman says
Supply chain chaos will likely persist through to the middle of next year, according to Jim Snabe, chairman of German conglomerate Siemens.
UK spy chief: ‘The risk of Chinese miscalculation through overconfidence is real’
Richard Moore, the chief of British secret intelligence service MI6, is concerned that China could make a "miscalculation" because it is overconfident.
Powell says Fed will discuss speeding up bond-buying taper at December meeting
Federal Reserve Chairman Jerome Powell indicated Tuesday that the central bank could step up the removal of its efforts to boost the economy.
Amazon touts record post-Thanksgiving sales amid lackluster Black Friday, Cyber Monday for retailers
Amazon said it rang up record sales between Black Friday and Cyber Monday, bucking the trend in the broader retail industry.
These 11 countries could face extreme instability from climate change, says U.S. intelligence
A report from the Office of the Director of National Intelligence warns "climate change will increasingly exacerbate risks to U.S. national security interests."
Elon Musk tells SpaceX employees that Starship engine crisis is creating a 'risk of bankruptcy'
Elon Musk is angry with the lack of progress SpaceX has made in developing the Raptor engines that power its Starship rocket.
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