Shares of Abbott Laboratories fell 3% on Wednesday after the diversified health-care company delivered another less-than-stellar quarter. Revenue in the third quarter ended Sept. 30 rose 6.9% to $11.37 billion, missing the $11.4 billion consensus estimate compiled by market data provider LSEG. Organic sales , excluding Covid testing results, rose 7.5%, beating the 5.9% estimate,…
Michigan hired a winner — literally and figuratively in Kyle Whittingham, with whom the Wolverines reportedly finalized a five-year deal on Friday. Most importantly, he’s a clean name, with no ties to the Jim Harbaugh regime, who can stabilize the program at a moment of great tumult. “Someone better tell [Ohio State coach] Ryan Day…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. With the Winter Olympics officially wrapped up, many athletes are leaving Italy with more than just a medal. Stock futures are lower this morning following a winning week for all three major indexes. Here are five key things investors need…
Check out some of the stocks making the largest moves in midday trading: Solar stocks — Companies tied to renewable energy rose in midmorning trading as President Donald Trump’s megabill crept closer to passage before a White House July 4 deadline. While the measure has no new carveouts for clean energy, earlier this week the…
U.S. Treasury Secretary Scott Bessent attends a press conference at government quarters Rosenbad after the trade talks between the U.S. and China concluded, in Stockholm, Sweden, July 29, 2025. Magnus Lejhall | TT | Via Reuters Treasury Secretary Scott Bessent on Wednesday urged corporate America, investors and U.S. trade partners “not to panic” if tariff…
Indian Prime Minister Narendra Modi arrives at the White House to meet with U.S. President Donald Trump on Feb. 13, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images Elon Musk’s X said Tuesday that the Indian government ordered the company to block 2,355 accounts, including Reuters, in the country. “The…
CNBC’s Jim Cramer walked investors through another week of earnings season, honing in on reports from Palantir, Berkshire Hathaway, Disney and Eli Lilly. “We’re still in earnings Hades, but at least it’s getting a little cooler out there,” he said. “That’s right, we’ve now gotten over the hump of the big-time growth stocks, the hyperscalers,…
The Social Security Administration won’t announce the 2026 cost-of-living adjustment (COLA) to benefits until next month, but experts are already making forecasts. The Senior Citizens League (TSCL) estimates the COLA bump will be 2.7%. That’s up from the 2.5% increase retirees received in 2025, one of the lowest on record. But it’s still shy of the…
A general view shows the oil refinery of the Lukoil company in Volgograd, Russia on April 22, 2022. Reuters Photographer | Reuters The Trump administration on Wednesday imposed further sanctions on Russia’s two largest oil companies, citing “Russia’s lack of serious commitment to a peace process to end the war in Ukraine.” “Now is the…
George Santos, who was expelled from the U.S. House of Representatives, arrives for the sentencing in his criminal corruption charges at Central Islip Federal Courthouse in Central Islip, New York, on April 25, 2025. Shannon Stapleton | Reuters WASHINGTON — Disgraced former Rep. George Santos is set to report to prison on Friday, beginning a more than seven-year…
