Several major U.S. companies reported disappointing results for their latest quarters, including a decline in sales for Apple.
Suspected Chinese spy balloon found over northern U.S.
“The United States government … is tracking a high-altitude surveillance balloon that is over the continental United States right now,” said a Pentagon spokesperson.
Qualcomm revenue falls 12%, guidance implies more pain this quarter
Qualcomm saw weakness in mobile handset performance, and the chipmaker sees a sharper revenue decline coming in the quarter ahead.
January job growth is forecast to slow slightly, but the impact from big corporate layoffs is uncertain
Economists expect slightly slower, but still strong job growth in January, while the impact of corporate layoff announcements is unclear.
Debt ceiling deal no closer as McCarthy, Biden vow to continue talks
House Speaker Kevin McCarthy said he and President Joe Biden plan to meet again soon to talk about how and when to raise the nation’s debt ceiling.
Amazon’s advertising business grew 19%, while Google and Meta both deal with slowdowns
Although Amazon’s ads business constitutes a small fraction of the $149.2 billion in revenue the company recorded in its fourth quarter, it’s growing fast.
Kohl’s names interim CEO Tom Kingsbury to the post permanently
Kohl’s has locked in its interim CEO Tom Kingsbury permanently at the helm.
Starbucks misses expectations as China Covid surge hurts international sales
In China, Starbucks’ second-largest market, transactions at cafes open at least 13 months plunged nearly 30%.
Ticketmaster braces for Beyoncé’s ‘Renaissance’ tour amid fears of Taylor Swift-level demand
Ticketing for the North American leg of Beyoncé’s “Renaissance” tour begins Feb. 6, said Ticketmaster, which is trying to avoid a Taylor Swift-style fiasco.
Bitcoin hovers near $24,000, and judge dismisses lawsuit against Coinbase: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Andrew Thurman, head of content at Nansen, discusses the blockchain analytics firm’s recent research on trends and the impact of the FTX collapse on the industry.