Month: April 2025
U.S. public schools brace for ‘fiscal cliff’ after surge in hiring meets budget shortfalls
Public schools across the United States are facing a financial reckoning in 2025 as federal pandemic relief funds expire and student enrollment continues to decline, according to data from the Georgetown Edunomics Lab. The funding crisis stems largely from the end of the Elementary and Secondary School Emergency Relief funds, which pumped billions of federal […]
Read More
Bessent says he expects ‘de-escalation’ in U.S.-China tariff fight in the ‘very near future’
Treasury Secretary Scott Bessent told investors in a closed-door meeting Tuesday he expects “there will be a de-escalation” in President Donald Trump’s trade war with China in the “very near future,” a person in the room told CNBC. “No one thinks the current status quo is sustainable” with tariff rates at their current levels, Bessent […]
Read More
Trump administration proposes major shake-up of U.S. State Department
U.S. Secretary of State Marco Rubio speaks alongside U.S. President Donald Trump during a Cabinet meeting at the White House on April 10, 2025 in Washington, DC. Anna Moneymaker | Getty Images The Trump administration is proposing a major overhaul of the U.S. State Department that would eliminate more than 100 offices including some working […]
Read More
Trump stands ‘strongly behind’ Hegseth, White House says
President Donald Trump stands “strongly behind” Secretary of Defense Pete Hegseth, White House press secretary Karoline Leavitt said Tuesday, despite new reports that he discussed highly sensitive military information on a Signal chat with family and friends. Hegseth is “doing a tremendous job, and he is bringing monumental change to the Pentagon,” said Leavitt. “There’s […]
Read More
Wall Street’s iconic charging bull statue vandalized by climate activists wielding neon green paint
Climate activists hold a protest at the Charging Bull statue in Bowling Green near the New York Stock Exchange on April 22, 2025. Michael M. Santiago | Getty Images Wall Street’s iconic Charging Bull statue on Tuesday was vandalized by a group of environmental activists who sprayed the bronze sculpture with neon green paint. The […]
Read More
Tesla short sellers have made $11.5 billion from this year’s selloff
It’s been a brutal year for Tesla shareholders so far, and a hugely profitable one for short sellers, who bet on a decline in the company’s stock price. Tesla shorts have generated $11.5 billion in mark-to-market profits in 2025, according to data from S3 Partners. The data reflected Monday’s closing price of $227.50, at which […]
Read More
JPMorgan cautions most investors won’t have the stomach to handle CoreWeave’s volatility
The high degree of unpredictability for artificial intelligence cloud company CoreWeave won’t be tolerated by many on Wall Street, according to JPMorgan. “There could be a wide range of outcomes for CoreWeave,” analyst Mark Murphy wrote Tuesday. “For this reason, we expect the stock to provide a wild, lumpy, volatile ride, requiring a risk tolerance […]
Read More
Healthy Returns: Trump seeks to change Medicare drug price negotiations in a win for pharma
U.S. President Donald Trump speaks to the media during the annual White House Easter Egg Roll, on the South Lawn of the White House in Washington, D.C., U.S., April 21, 2025. Leah Millis | Reuters A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to […]
Read More
This ultimate global safe haven benefiting from the dollar’s downfall is up 11% this year
As the U.S. dollar slides and the stock market whipsaws, investors are pilling into the Swiss franc. The currency, long considered a safe haven for traders in search of respite from the current market volatility, has seen upward pressure as the greenback struggled. Compounding concerns about the state of U.S. economy and President Donald Trump’s […]
Read More
At least 20 feared killed in militant attack on tourists in Indian Kashmir, security sources say
Local Kashmiris and Indian police, along with armed forces, gather outside the hospital to receive the dead and wounded after gunmen attacked Indian tourists on April 22, 2025 in Anantnag south of Srinagar, India. Yawar Nazir | Getty Images News | Getty Images At least 20 people were feared killed after suspected militants opened fire […]
Read More