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Presidential candidate and Florida Governor Ron DeSantis speaks to a crowd on June 2, 2023 in Gilbert, South Carolina.Sean Rayford | Getty ImagesPresident-elect Donald Trump is considering replacing embattled defense secretary choice Pete Hegseth with Florida Gov. Ron DeSantis, according to two sources familiar with the decision-making. DeSantis is "very much in contention," one source said.Another told NBC News that Trump and DeSantis directly spoke about the issue."Trump talked to the governor and wants him to do it," a source familiar with the conversation told NBC News on Tuesday night.NBC News reported Tuesday that Hegseth's nomination is in jeopardy because as many as six GOP senators are wavering in their support for him.The Wall Street Journal first reported Tuesday night that DeSa...

Private payrolls growth was less than expected in November, reflecting a slowing labor market, according to a report Wednesday from ADP.Companies added 146,000 jobs on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000.Education and health services led job creation, adding 50,000 positions on the month. That was followed by construction with 30,000 new jobs, trade, transportation and utilities with 28,000 additions, and the other services category, which contributed 20,000 jobs.Manufacturing lost 26,000 positions on the month. Businesses with fewer than 50 employees also reported a drop of 17,000.Wage growth accelerated, by 4.8%, a faster gain than October, the first time that has happened in 25 months."While overall growth for the m...

Washington, D.C.'s attorney general sued Amazon on Wednesday, accusing the company of covertly depriving residents in certain ZIP codes in the nation's capital from access to Prime's high-speed delivery.The lawsuit from AG Brian Schwalb alleges that, since 2022, Amazon has "secretly excluded" two "historically underserved" D.C. ZIP codes from its expedited delivery service while charging Prime members living there the full subscription price. Amazon's Prime membership program costs $139 a year and includes perks like two-day shipping and access to streaming content."Amazon is charging tens of thousands of hard-working Ward 7 and 8 residents for an expedited delivery service it promises but does not provide," Schwalb said in a statement. "While Amazon has every right to make operational cha...

Check out the companies making headlines before the bell: Salesforce — Shares rallied more than 12% after the enterprise software company posted a third-quarter revenue beat. Salesforce reported $9.44 billion in revenue, better than the $9.35 billion expected by analysts, according to LSEG. Subscription revenue also beat analyst expectations. Dollar Tree — The stock rose more than 4% following the discounter's better-than-expected third-quarter results . Dollar Tree earned $1.12 per share on revenue of $7.56 billion. That's better than the LSEG consensus estimates of $1.07 per share on $7.44 billion in revenue. The company also announced that CFO Jeff Davis would step down from his role. Pure Storage — Shares surged 21% after Pure Storage beat fiscal third-quarter estimates and highlighted...

Don't be surprised if Roku gets scooped up by a competitor in 2025, according to Needham. "The top 6 reasons to acquire Roku (our view) include its installed base, unique data sets, pricing power, shelf space, buy vs build advantages, and the fact that it's now the only scaled CTV platform that can be purchased," wrote analyst Laura Martin. She expects the company to be bought for a "large premium" over the next 12 months as Republicans take control of regulatory agencies. Shares popped about 5% before the bell. Despite a 17% year-to-date slump, Martin holds a buy rating and $100 price target, reflecting 32% upside from Tuesday's close. The potential buyers include a slew of streamers such as Netflix , connected TV advertising companies such as The Trade Desk , retailers and large language...

Wall Street is turning more bullish on shares of Marvell Technology in the wake of a strong earnings report. Shares popped more than 13% in the premarket after the integrated circuit maker surpassed third-quarter estimates after the bell Tuesday and issued upbeat revenue guidance. The findings prompted a slew of Wall Street firms to lift their respective price targets on the semiconductor. JPMorgan analyst Harlan Sur moved his forecast to $130 a share, reflecting nearly 36% upside. "The company's cyclical businesses are now inflecting higher and the AI / cyclical tailwinds will continue into CY25, in our view, and catalyzing a multi-quarter period of positive EPS revisions," wrote Sur, who has an overweight rating on the stock. Shares have rallied 59% this year as investors ramp up beats o...

Seats in the economy class cabin on board an American Airlines Boeing Co. 777-300ER aircraft.Brent Lewin | Bloomberg | Getty ImagesU.S. airline executives are set to defend their seating fees before a Senate panel Wednesday after the subcommittee accused the industry of charging "junk" fees to bring in billions in revenue.American, Delta, United, Spirit and Frontier brought in $12.4 billion in seating fees between 2018 and 2023, according to a report released Nov. 26 by the Senate Permanent Subcommittee on Investigations.Those extra charges are for seats with additional legroom, as well as those in "preferred" locations that are closer to the front of the plane, or window or aisle seats, the report noted."Our seat selection products are all voluntary," Stephen Johnson, American's chief str...