Palantir shares tumbled on Monday, building on last week's declines as the hot trade continued to show signs of sputtering. The technology and defense stock dropped more than 10% on the day, on pace for its fourth straight losing session. That comes after the stock fell 15% last week. Last week's declines came after the company disclosed a new stock sale plan for CEO Alex Karp. Comments from Defense Secretary Pete Hegseth reported by The Washington Post on plans to slash defense budgets also rattled investors of the company, which relies in part on government contracts.
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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The Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday. CNBC's Kate Rooney has the details: cnb.cx/4iaqSZG
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The amount of space a $300,000 budget buys you in the U.S. housing market can vary wildly depending on your location. In Hawaii, $300,000 covers just 443 square feet, about the size of a 53-foot-long domestic shipping container. But in West Virginia, the same budget stretches to 2,185 square feet, offering four times as much space. That's according to a recent GOBankingRates study, which analyzed median home price per square foot to show how far $300,000 goes in each state. The study used home price data from the Federal Reserve of St. Louis and housing cost indexes from the Missouri Economic and Research Information Center to calculate how much homebuyers can afford in each state as of January 2025.
How much home $300,000 buys you in every U.S. state—in Hawaii, it's about as much space as a shipping container
cnbc.com
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Berkshire Hathaway shares got a boost after Warren Buffett's conglomerate reported a surge in operating earnings, but shareholders who were waiting for news of what will happen to its enormous pile of cash might be disappointed. Class A shares of the Omaha-based parent of Geico and BNSF Railway rose 1.2% premarket Monday following Berkshire's earnings report Saturday. Berkshire's operating profit — earnings from the company's wholly owned businesses — skyrocketed 71% to $14.5 billion in the fourth quarter, aided by insurance underwriting, where profits jumped 302% from the year-earlier period, to $3.4 billion.
Berkshire shares rise on surge in operating earnings, but questions linger about cash
cnbc.com
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This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. In 2021, Venus Wang found herself at a crossroads: newly divorced, unemployed, with less than $10,000 in cash savings and the primary parent to her child. The divorce was a "wake-up call in my life," the 37-year-old tells CNBC Make It. "I remember the personal identity shift was a very big thing for me — to transform from someone else's wife to a single mom."
37-year-old had just $10,000 in cash savings after her divorce—now she makes nearly $1 million: 'I had to make a drastic change'
cnbc.com
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Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain's CEO Brian Niccol said Monday. The cuts will not affect workers at the company's cafes. In a message to corporate employees, Niccol said Starbucks is "simplifying our structure, removing layers and duplication and creating smaller, more nimble teams."
Starbucks to lay off 1,100 corporate workers as sales sag
cnbc.com
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CNBC reposted this
The second annual CNBC Changemakers list recognizes women leaders for meaningful achievements in 2024 that are transforming business and philanthropy. Companies on the list, from the latest startups to large multinationals, have a combined valuation of nearly $400 billion. These leaders are creating businesses whose success is aligned with social or environmental good. Another key trend is women tackling healthcare needs and giving consumers more information about their bodies. Read more from Julia Boorstin on how Changemakers have a new model for success here: https://lnkd.in/eHddkPvH
These are the 2025 CNBC Changemakers: See the full list of women transforming business
cnbc.com
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As a leader at Google for more than a decade, Jenny Wood had a chance to participate "in hundreds of interviews and hiring decisions," she says. And she picked up a few insights along the way. Wood is sharing some of what she learned in her forthcoming book, "Wild Courage," which will be released on March 25. She does so in her newsletter, Big Small Things, too. One of the biggest lessons Wood got came "10 years into my career," she says, while she was interviewing a candidate for a leadership role on her team. That's when a mentor at Google told her, "Jenny, the best performance you're ever going to get from somebody is during the interview process, period," she says. "It never gets better. It will only get worse."
This job interview tip was 'eye opening' for an ex-Google exec—and helped her hire the best candidates
cnbc.com
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CNBC on Monday revealed the 2025 Changemakers list, an annual list spotlighting women whose accomplishments have left an indelible mark on the business world. CNBC’s Julia Boorstin has the details. #CNBCChangemakers See the full list: https://cnb.cx/438F0hE
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As a new chapter in German politics begins following the federal election at the weekend, there's a distinct feeling of déjà vu in Berlin as a center-right alliance prepares to once again take the reins in Berlin. The conservative alliance made up by the Christian Democratic Union (CDU) and its sister party the Christian Social Union (CSU) won 28.6% of votes in Sunday's ballot, followed by the far-right Alternative for Germany (AfD) in second place with 20.8% and the center-left Social Democratic Party (SPD) in third with 16.4% of the vote, according to preliminary results from the Federal Returning Officer. The results, set to be confirmed Monday, mean the CDU-CSU's Friedrich Merz will likely be Germany's next chancellor, taking over from the SPD's Olaf Scholz after his three-party coalition collapsed late last year.
'Uphill battle' ahead: Trump, business leaders and economists react to German election result
cnbc.com