Day: April 8, 2025
Judge says White House can’t ban AP from Oval Office, Air Force One
AP’s members leave the U.S. District Court, on the day a judge hears arguments in the Associated Press’ (AP) bid to restore access for its journalists to cover press events aboard Air Force One and at the White House, after the Trump administration barred the news agency for continuing to refer to the Gulf of […]
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Elon Musk ratchets up attacks on Navarro as Tesla shares slump for fourth day
As Tesla shares plummeted for a fourth straight day, CEO Elon Musk let loose on President Donald Trump’s top trade advisor Peter Navarro. Musk, the world’s richest person, started going after Navarro over the weekend, posting on X that a “PhD in econ from Harvard is a bad thing, not a good thing,” a reference […]
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FDA guts division that trains staff and health-care professionals on key practices like opioid safety, avoiding drug errors
The Food and Drug Administration has gutted a division responsible for training agency staff and outside health-care professionals on an array of key public health, regulation and safety practices and supporting professional development for employees, CNBC has learned. In an email viewed by CNBC, workers were notified that the Division of Learning and Organizational Development, […]
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Apple’s 4-day slide puts Microsoft back on top as most valuable company
Satya Nadella, CEO of Microsoft, laughs as he attends a session at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2020. Denis Balibouse | Reuters Apple‘s 23% plunge over the past four trading sessions has again turned Microsoft into the world’s most valuable public company. As of Tuesday’s close, Microsoft is worth $2.64 […]
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Tech analyst responds to Trump wanting Apple to make iPhones in U.S.: ‘I don’t think that’s a thing’
President Donald Trump believes Apple can make its signature iPhone in the U.S. to avoid new tariffs. Needham analyst Laura Martin isn’t sold. “I don’t think that’s a thing,” Martin said on CNBC’s “The Exchange” on Tuesday, responding to a comment from White House Press Secretary Karoline Leavitt about the technology giant bringing its iPhone […]
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U.S. financial regulator says email hack exposed sensitive data on banks
Key Points The Office of the Comptroller of the Currency on Tuesday said that a February hack of its email systems qualified as a “major incident” and exposed “highly sensitive information.” The breach involved information related to the “financial condition of federally regulated financial institutions used in its examinations and supervisory oversight processes.” Source
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GM axing Cadillac XT6 crossover, extending production of another vehicle in Tennessee
A Cadillac XT6 vehicle is seen at the La Fontaine Cadillac dealership in Highland, Michigan, September 18, 2019. Rebecca Cook | Reuters DETROIT — General Motors is ending production this year of a gasoline-powered Cadillac crossover at a plant in Tennessee, while extending production of another vehicle at the facility, CNBC has learned. The Detroit […]
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10 beaten-up stocks that are candidates for a rebound — but all are not created equal
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are struggling to hold onto gains Tuesday with the market well off its highest levels of the session. Deeply oversold conditions combined with some […]
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Mortgage rates slingshot higher as tariff uncertainty roils markets
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates hit their highest level in over a month this week, reversing course after a period of improvement. The average rate on the 30-year fixed rate jumped 22 basis points Monday and another 3 […]
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Josh Brown says this is a classic ‘bear market bounce’
The comeback attempt stocks are staging Tuesday is little more than a blip in a still-concerning market, according to Ritholtz Wealth Management co-founder and CEO Josh Brown. “Put today’s bounce into the entry of classic bear market bounce, because that’s exactly what you have today,” Brown told CNBC’s “Halftime Report” on Tuesday. “When you look […]
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