Month: April 2025
Meta CEO Mark Zuckerberg considered spinning off Instagram from Facebook in 2018: FTC trial
Thilina Kaluthotage | Nurphoto | Getty Images Meta CEO Mark Zuckerberg considered spinning out Instagram in 2018 on concerns about the rising threat of antitrust litigation against Facebook, according to an email presented Tuesday in a Washington, D.C. courtroom. During Zuckerberg’s second day of testimony in Meta’s antitrust trial with the Federal Trade Commission, lawyers […]
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How investors are positioning ahead of a big March retail sales report
Tariffs and trade policies have been dominating the market action since April 2, but the March retail sales report still has the potential to impact investor confidence and positioning. Economists see sales rising 1.2% month over month, according to Dow Jones. A pull-forward of spending by consumers in an attempt to get ahead of higher […]
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Trump ‘looking into’ legality of deporting U.S. citizens to foreign prisons, White House says
WASHINGTON, DC – APRIL 14: US President Donald Trump, during a meeting with Nayib Bukele, El Salvador’s president, in the Oval Office of the White House in Washington, DC, US, on Monday, April 14, 2025. Al Drago | The Washington Post | Getty Images President Donald Trump is exploring whether he can legally deport U.S. […]
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OpenAI considering its own social network to compete with Elon Musk’s X
OpenAI is considering building a social network to compete with Elon Musk’s X and Meta’s Instagram, a source familiar with the plans confirmed to CNBC. The project is still in its early stages, said the person, who asked not to be named due to confidentiality. It’s based on the popularity of OpenAI’s newest image-generation feature, […]
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Amazon emails sellers to gauge how Trump’s tariffs are impacting their businesses
Packages ride on a conveyor belt during Cyber Monday, one of the company’s busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty Images Amazon is reaching out to third-party merchants, who account for the majority of products the company sells, to gauge how President […]
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Universal’s new Epic Universe park set to generate $2 billion for Florida in year one
The entrance portal to the Epic Universe theme park in Orlando, Florida, US, on Saturday, April 5, 2025. Epic Universe, the $7 billion attraction from Comcast Corp.’s Universal Destinations & Experiences division, offers five distinct lands and opens to the public on May 22. Bloomberg | Getty Images Epic things are coming to Orlando. In […]
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Dollar slide is just a blip as tailwinds remain in place, Piper Sandler says
Despite the dollar’s slide to a multi-year low, Piper Sandler says it’s still confident on the currency. The dollar index , which measures the greenback against a basket of major currencies, fell last week to its lowest point since April 2022 amid heightened uncertainty from President Donald Trump’s tariffs. Since the start of the month, […]
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Stocks making the biggest moves midday: Netflix, Bank of America, Boeing, Rocket Lab and more
Check out the companies making headlines in midday trading. HP Enterprise – The cloud services company saw shares jump 5% after news that Elliott Management has taken a $1.5 billion stake in the company. Elliott Management hopes to engage the company in discussions on how to improve shareholder value, a person familiar with the matter […]
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HPE shares pop after activist Elliott Management takes $1.5 billion stake
Shares of Hewlett Packard Enterprise jumped nearly 5% after Elliott Investment Management built a more than $1.5 billion stake in the server maker, a person familiar with the matter told CNBC. The activist investor hopes to engage the company in discussions on how to improve shareholder value, the source said. Elliott and HPE declined to […]
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Trump is ‘shredding’ credibility with allies while China benefits, former national security advisor John Bolton says
U.S. President Donald Trump’s moves to take China to task on trade are likely to backfire as his sweeping global tariffs hit allies as well as rivals, according to former national security advisor John Bolton. “This is certainly not the way you treat your friends. You don’t slap them in the face publicly and say, […]
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