Atlassian sinks despite better-than-expected results and in-line forecast
Atlassian beat on the top and bottom lines and issued a forecast that met analysts' estimates.
CNBC US News
Ivanka Trump asks to pause NY fraud trial, says testimony during ‘school week’ creates ‘undue hardship’
Donald Trump Jr. and Eric Trump have already taken the witness stand, and former President Donald Trump is scheduled to be called next.
Apple stock dips after weak outlook for December quarter revenue
Apple reported earnings after the bell. Here are the results.
Donald Trump Jr. and Eric Trump testify in $250 million New York fraud trial
Former President Donald Trump, Don Jr., Eric Trump and Ivanka Trump are all set to testify in New York Attorney General Letitia James' fraud trial.
Starbucks unveils plan to add 17,000 locations by 2030, cut $3 billion in costs
The announcement marks the latest stage in the company's broader "reinvention" strategy, which was laid out by former CEO Howard Schultz.
Amazon to close apparel stores in latest physical retail strategy shift
Amazon is shuttering its brick-and-mortar apparel stores, almost a year and a half after opening the first location.
Jeff Bezos urged Amazon to flood search results with junk ads, FTC alleges
Amazon's ads strategy helped pump its profits while steering shoppers to higher-priced goods, the agency alleges.
Eli Lilly says supply of blockbuster diabetes drug Mounjaro has improved in U.S.
The remarks suggest that Eli Lilly's initial efforts to expand manufacturing capacity for Mounjaro are paying off as demand for the diabetes treatment soars.
Novo Nordisk says 80% of insured U.S. patients taking Wegovy pay less than $25 a month
The remarks come as U.S. health insurers balk at the extreme cost of Wegovy and other obesity drugs and drop them from their plans.
Shopify shares surge 22% on earnings beat, rosy guidance
The Canadian e-commerce company beat on the top and bottom lines for the third quarter and gave upbeat guidance for the remainder of the year.
Eli Lilly results top estimates on Mounjaro strength but slashes full-year profit outlook
Eli Lilly reported revenue and adjusted earnings that topped expectations, lifted by $1.4 billion in sales from its blockbuster diabetes drug Mounjaro.
Starbucks stock rises 10% as U.S. customers buy into pricier drinks
The company's same-store sales rose 8%, fueled by higher average checks and a 3% increase in customer traffic to its cafes.
Moderna stock falls as sinking Covid vaccine demand drives steep loss
Moderna's total revenue for the third quarter still topped Wall Street's expectations despite plummeting demand for its Covid-19 shot.
Nissan CEO weighs in on how the EV market has changed since Covid
Nissan chief Makoto Uchida said it's important for EV makers to tailor their approach to specific markets.
Elon Musk says SpaceX's Starlink business ‘achieved breakeven cash flow’
SpaceX CEO Elon Musk announced Thursday that the company's Starlink satellite internet business "achieved breakeven cash flow."
Why Jimmy Choo, Michael Kors, Versace, Kate Spade are suddenly one company
Rising rates, sticky inflation and the prospect of slowing consumer spending have sparked a flurry of deals in the fashion industry.
Hunter Biden decries GOP lawmakers, media for 'weaponization of my addiction' amid probes, criminal charges
Hunter Biden, son of President Joe Biden, decried the "weaponization" of his history of drug abuse to attack his father and launch "fruitless" investigations.
Biden's AI order didn't go far enough to address fairness, but it's a good first step, advocates say
After the Biden administration unveiled its new AI executive order on Monday, a frenzy of industry leaders dug in to the implications of the landmark action.
Labor costs show surprise decline in the third quarter
Unit labor costs, a measure of hourly compensation against productivity, fell 0.8% for the July-through-September period.
Uber, Lyft to pay $328 million to settle wage-theft allegations in New York state
In addition to a financial settlement, Uber and Lyft agreed to ongoing changes in how they pay drivers and offer benefits in New York state
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