Month: July 2025
Even with high tariffs, Trump’s trade war suddenly is starting to look not so scary on Wall Street
U.S. President Donald Trump talks to the media as he meets with British Prime Minister Keir Starmer (not pictured) at Trump Turnberry golf club on July 28, 2025 in Turnberry, Scotland. Christopher Furlong | Getty Images U.S. tariffs on incoming goods look to be settling in only slightly less than what President Donald Trump had […]
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Judge in Fed rate meeting access case asks if lawsuit is publicity stunt for fund
Federal Reserve Board Chairman Jerome Powell arrives ahead of the Federal Reserve Board of Governors’ “Integrated Review of the Capital Framework for Large Banks Conference” at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, DC on July 22, 2025. Mandel Ngan | Afp | Getty Images A judge on Monday questioned whether […]
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Paris Hilton’s $63 million mansion deal helps power LA real estate market
Agent Nicole Plaxen of The Beverly Hills Estates said she’s holding “constant showings” of this $118 million mansion in Bel Air. Credit: The Beverly Hills Estates A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight […]
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JPMorgan says fintech middlemen like Plaid are ‘massively taxing’ its systems with unnecessary pings
Key Points JPMorgan Chase said that the fintech middlemen that have helped a new generation of financial apps connect with traditional checking accounts are flooding the bank’s systems with unnecessary data requests. Of 1.89 billion data requests from middlemen hitting its systems in June, only 13% were initiated by a customer for transactions, according to […]
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Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion
Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025. Sergio Flores | Reuters Firefly Aerospace will price shares at $35 to $39 each in its upcoming initial public offering, a deal that would value the rocket maker at about $5.5 billion. […]
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Spirit Airlines to furlough 270 pilots, downgrade more than 100 others as it prepares to cut flights
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines said Monday that it will furlough 270 pilots this fall as the carrier prepares for a smaller off-season schedule to try […]
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Warner Bros. Discovery announces post-split companies will be ‘Warner Bros.’ and ‘Discovery Global’
David Zaslav, President and CEO of Warner Bros. Discovery, attends the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 7, 2025. Mike Blake | Reuters Warner Bros. Discovery on Monday announced the corporate names and leadership teams of its two future businesses as the company prepares to split in mid-2026. Its streaming […]
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Trump seeks quick deposition of Rupert Murdoch in Jeffrey Epstein letter defamation case
U.S. President Donald Trump and Rupert Murdoch. Kevin Lamarque | Ricky Carioti | Via Reuters Lawyers for President Donald Trump asked a judge on Monday to order Rupert Murdoch to sit for a deposition within 15 days for Trump’s $10 billion lawsuit accusing the media mogul of defaming him in a Wall Street Journal article […]
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Figma raises IPO range to $30-$32 per share, in deal that could value company at nearly $19 billion
Elena Nadolinski, founder and CEO at Iron Fish, and Dylan Field, CEO and co-founder of Figma, attend the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, on July 7, 2022. Brendan Mcdermid | Reuters Design software maker Figma on Monday increased the expected price range for shares in its initial public […]
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Stocks making the biggest moves midday: Tesla, Nike, Revvity, Anheuser-Busch and more
Check out the companies making the biggest moves in midday trading: Beer stocks — Brewing stocks are trading lower as investors weigh the effect of the U.S.-European Union trade deal. While some say the details are not as bad as feared, there is still concern about consumer demand after Heineken said it anticipates flat sales […]
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