Month: June 2025
Court denies Apple appeal in Epic Games case, keeping App Store changes in place
The App Store logo is seen next to the Epic Games Store logo on two screens. Epic, maker of the popular game “Fortnite,” wants to sell digital items in its apps without giving a cut of the purchase price to Apple. Fabian Summer | picture alliance | Getty Images Apple was dealt a blow in […]
Read More
Stocks making the biggest moves after hours: Five Below, MongoDB, Verint Systems and more
Check out the companies making headlines in after-hours trading: Five Below — Shares of the discount retailer added 2.5% on the back of strong first-quarter financial results and second-quarter guidance. Five Below reported adjusted earnings of 86 cents per share on $971 million in revenue, while analysts polled by LSEG called for 82 cents per […]
Read More
Musk whips opposition to Trump tax plan: ‘KILL the BILL’
Tesla CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., on April 30, 2025. Evelyn Hockstein | Reuters Elon Musk on Wednesday ramped up his attacks against the massive tax-cut bill President Donald Trump is pushing Congress to pass, claiming it will condemn America […]
Read More
Amazon’s R&D lab forms new agentic AI group
Amazon CEO Andy Jassy speaks at a company event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon has formed a new group within its consumer product-development arm that is focused on agentic artificial intelligence, the company said Wednesday. The team will be based in Lab126, the stealthy Silicon […]
Read More
Financial stocks seem to be losing momentum and show signs of weakness
One sector that was seen as a potential winner of the Trump administration is starting to cool, even as some of the projected benefits seem to be materializing. Wolfe Research analyst Rob Ginsberg wrote in a note to clients that financials are showing signs of weakness. The group is still outperforming the S & P […]
Read More
Education Department says Columbia University fails to meet accreditation standards
Students are seen on the campus of Columbia University on April 14, 2025, in New York City. Charly Triballeau | Afp | Getty Images The U.S. Education Department said Wednesday that Columbia University has failed to meet the standards for accreditation because it “is in violation of federal antidiscrimination laws” for allegedly tolerating harassment of […]
Read More
Uber adds Palo Alto CEO Nikesh Arora to its board after executive shakeup
Nikesh Arora, CEO of Palo Alto Networks, appears on CNBC’s “Squawk Box” at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Nikesh Arora, the CEO of Palo Alto Networks, is joining Uber‘s board of directors, the company announced in a regulatory filing Wednesday. It comes amid a broader […]
Read More
Sen. Ron Johnson rips into ‘immoral’ GOP spending bill: ‘I can’t accept it’
Republican Sen. Ron Johnson on Wednesday blasted President Donald Trump’s “one big, beautiful bill” as “immoral” and “grotesque,” and reiterated that he will vote against it unless his GOP colleagues make major changes. “This is immoral, what us old farts doing to our young people,” Johnson said on CNBC’s “Squawk Box” after sounding alarms that […]
Read More
Trump administration threatens to pull $4 billion from California high-speed rail project
Transportation Secretary Sean Duffy holds a news conference at Newark Liberty International Airport, where he announced the reopening of a major runway at the airport, nearly two weeks ahead of schedule on June 2, 2025 in Newark, New Jersey. Spencer Platt | Getty Images The future of a high-speed rail project in California is under […]
Read More
Immigrant said to be framed for writing Trump threat letters remains detained, for now
ICE arrested Ramon Morales-Reyes, a 54-year-old from Mexico on May 22, 2025. Courtesy: U.S. Homeland Security An undocumented immigrant who prosecutors say was framed by a jail inmate for writing threatening letters about President Donald Trump was ordered Wednesday to remain detained by an immigration judge in Chicago to give a government lawyer more time […]
Read More