Year: 2025
Google wraps up best year on Wall Street since 2009, beating megacap peers as AI story strengthens
Google CEO Sundar Pichai waves as he arrives to attend the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 11, 2025. Benoit Tessier | Reuters After a tough start to the year, Google closed out 2025 with its strongest performance — from Wall Street’s perspective — since 2009, when the […]
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Trump’s first vetoes of his second term hit bipartisan infrastructure projects, draw accusations of retribution
President Donald Trump issued the first vetoes of his second term Tuesday, blocking bills that would support a pair of bipartisan infrastructure projects in Colorado and Florida. Trump’s veto of the Colorado bill, the Finish the Arkansas Valley Conduit Act, which Congress unanimously approved earlier in December, enraged the state’s lawmakers. The bill would reduce […]
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Congressional Republicans call on Tim Walz to testify on Minnesota fraud scandal
Congressional Republicans on Wednesday called Minnesota Gov. Tim Walz to testify amid an ongoing social services fraud scandal, as the White House signaled it could expand its investigations into other blue states. A day after the Trump administration said it would freeze hundreds of millions of dollars of child care funds to Minnesota, House Oversight […]
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DOJ has 5.2 million pages of Epstein files left to review: Reports
The Department of Justice has 5.2 million pages of Jeffrey Epstein-related documents left to review and it will take weeks longer to complete the effort, multiple outlets reported. About 400 lawyers are being enlisted from multiple government divisions to pore over those records, The New York Times first reported late Tuesday, citing people familiar with the […]
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Stocks making the biggest moves midday: Nike, Corcept Therapeutics, Taiwan Semiconductor & more
Check out the companies making the biggest moves midday: Nike — Shares of the sneaker giant rose around 4% after board members Tim Cook and Robert Holmes Swan, as well as Nike CEO Elliott Hill, increased their stakes, Verity data shows. The action comes as Nike wraps up a tough year. Corcept Therapeutics — Shares […]
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China’s Xi promises more proactive macro policies in 2026
China is on track to meet its growth target of around 5% this year and will roll out more proactive policies in 2026, President Xi Jinping said on Wednesday, amplifying promises for more stimulus to power economic growth. China’s gross domestic product is expected to have reached 140 trillion yuan ($20 trillion) this year, with […]
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How $160 million worth of export-controlled Nvidia chips were allegedly smuggled into China
On Dec. 8, Federal prosecutors in Texas unsealed documents that revealed an investigation into a massive smuggling network that stretched across the U.S. and the world. Dubbed “Operation Gatekeeper” by the feds, the investigation wasn’t focused on drug smuggling or stolen goods but rather an alleged secret, underground network of suppliers for Nvidia‘s graphic processing […]
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5 themes that defined business and markets in 2025: Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday and New Year’s Eve. I’ve decided that there are three main groups of holiday observers this year: Those going to parties or watching the Times Square ball drop at home; those doing late-night workout classes or races; and those going […]
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Gold, silver prices fall after CME raises precious metals margins — again
One kilogram and a five hundred gram gold bars next to one kilogram silver bars at The Vaults Group gold dealers arranged in Barcelona, Spain, on Monday, April 28, 2025. Bloomberg | Bloomberg | Getty Images Gold and silver prices lost ground on Wednesday as investors booked profits after a historic annual rally and exchange […]
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Stocks making the biggest moves premarket: Intel, Hyatt Hotels, Taiwan Semiconductor & more
Check out the companies making headlines before the bell. Intel — The technology stock rose 1%. Earlier this week, Nvidia completed its $5 billion equity investment in Intel. Taiwan Semiconductor Manufacturing — Shares ticked up 1% after Reuters reported that Nvidia asked the semiconductor firm to boost its H200 production in response to Chinese orders […]
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