McDonald's earnings top estimates despite 'challenging environment'
Shares of McDonald's have fallen 10% over the last year, hurt by concerns about the broader economy.
Peloton beats estimates on revenue as higher subscription prices offer a boost
Peloton CEO Peter Stern told CNBC that the company believes raising prices on its subscriptions was a value-driven move.
Oil prices fall below $100 as U.S.-Iran tensions keep traders focused on Strait of Hormuz risks
Oil prices fell Thursday, as investors continue to assess the latest developments in the Middle East amid concerns over renewed tensions between Iran and the U.S.
Anthropic CEO says 80-fold growth in first quarter explains 'difficulties with compute'
At Anthropic's developer conference in San Francisco, CEO Dario Amodei said the company is 'working as quickly as possible' to provide additional compute.
Gold and silver's historic rally could resume 'as fog of war lifts', market watchers say
On Thursday, spot gold jumped 1.2% to $4,750 per ounce amid hopes that the U.S. and Iran could be nearing a deal to bring the 69-day war to an end.
Shell tops profit estimates as Iran war boosts oil price, cuts share buybacks
Britain's Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.
Kraft Heinz CEO reveals the company’s biggest growth opportunities
Kraft Heinz CEO Steve Cahillane said the company's biggest growth opportunity is reinvesting behind its legacy brands.
Goodbye quarterly earnings? Here's when traders believe this big change will happen
Traders are evenly divided as to whether the change will happen by Jan. 1. That would be an unusually fast timeline for the commission.
Shipping giant boss warns Iran war will have bigger impact in coming months as customers face price hikes
Maersk said the Iran war had introduced an "additional layer of uncertainty" as it reported first-quarter earnings on Thursday.
How the U.S. military and Maersk got a ship to pass through the Strait of Hormuz
Maersk CEO Vincent Clerc said the shipping giant had deliberately taken a "very cautious approach" during the Middle East crisis.
EU weighs restricting use of U.S. cloud platforms to process sensitive government data, sources tell CNBC
There have been increasing calls within Europe for the region's most critical workloads to diversify away from dominant U.S. cloud providers.
Apollo CEO Rowan warns of market correction, slams 'egregious' practices at rival insurers
Apollo CEO Marc Rowan warned that markets face an elevated risk of unexpected shocks, saying he is positioning the firm defensively for an expected correction.
Elon Musk's Terafab chip factory in Texas could cost up to $119 billion, filing shows
Elon Musk's giant Terafab facility in Texas could cost up to $119 billion, with hopes of manufacturing chips for Tesla, SpaceX and xAI
Rare disease families find roadmap to drug development at bootcamps
Ultragenyx’s Rare Bootcamp gives families a roadmap to help drive research and develop new treatments for rare diseases.
It’s not just Big Oil. Wind giants welcome profit beats as Iran war spurs energy pivot
Norway's Equinor told CNBC that the company expects the Iran war to deliver a boost to its transition industries.
Japan may have fired its yen bazooka twice, but markets are testing Tokyo’s resolve
Japan's Ministry of Finance has intervened in the yen over the country's Golden Week holiday.
FanDuel CEO Amy Howe is out after five years at the sportsbook
Howe has overseen FanDuel during a time of dramatic expansion in sports gambling and as prediction markets have exploded in popularity.
Warner Bros. Discovery books $2.9 billion net loss tied to Paramount deal, restructuring costs
Paramount agreed to pay a Netflix termination fee, but the cost lives on WBD's books until the close of the deal.
Arm's quarter shows how it's carving a lucrative path in the crowded CPU resurgence
This central processing unit renaissance was confirmed when Intel reported earnings two weeks ago. AMD and now Arm told similar stories.
Iran war threatens jet fuel shortage that could disrupt summer travel in Asia and Europe
Oil executives have warned that the supply disruption in the Middle East will soon cause actual fuel shortages in some parts of the world.
DoorDash pops 12% on strong earnings, upbeat order growth guidance
DoorDash is in the middle of a massive spending initiative as it builds out a new tech platform following a string of acquisitions.
Snap issues cautious guidance as Perplexity deal ends, Middle East 'geopolitical situation' causes uncertainty
Snap reported first-quarter earnings and provided cautious sales guidance while revealing it no longer has a deal with the generative AI startup Perplexity.
Airlines spent 56.4% more on jet fuel in month after Iran war started, U.S. government says
U.S. airlines spent 56.4% more on jet fuel in March than they did in February, U.S. government data released Wednesday shows.
SoftBank shares surge over 18% as Japan tech-fueled rally lifts Nikkei 225 to record highs
The benchmark Nikkei 225 surged over 5% to a record high as Japan reopened after extended Golden Week holidays.