Day: August 13, 2025
Asia-Pacific markets set to open mixed as investors bet on Fed rate cut
CNBC Pro: Buy or avoid India’s IT stocks after recent job cuts? 3 pros share their take Here are the opening calls for the day Good morning from Singapore. Investors are awaiting the release of a slew of employment-related data from Australia. Economists polled by Reuters expect an increase of 25,000 employed individuals in July, […]
Read More
Many business travelers are quietly taking their families along on trips
When American Natasha Colkmire returned to work after having her first child, she didn’t want to leave her newborn son with a nanny to go on a business trip. So she convinced a family member to tag along. “They would meet up with me when my son needed to be nursed,” she said. “We also […]
Read More
Trump orders easing of commercial spaceflight regulations, in boon to Musk’s SpaceX
U.S. President Donald Trump speaks during an event at the Kennedy Center on August 13, 2025 in Washington, DC. Trump announced the first nominees of the annual Kennedy Center Honors since taking control of the center’s board earlier this year. Kevin Dietsch | Getty Images U.S. President Donald Trump signed an executive order on Wednesday […]
Read More
Coffee and tea prices continue to ramp up due to tariffs, worrying retailers and importers
While last month’s consumer price index showed that food prices were effectively flat month over month, tariff-sensitive items like coffee beans, specialty teas and spices are showing signs of inflation, worrying small businesses selling those products. According to the Bureau of Labor Statistics, coffee prices surged 14.5% in July year over year. The average retail price […]
Read More
Elon Musk’s xAI loses co-founder Igor Babuschkin, who’s leaving to start venture firm
Igor Babuschkin, co-founder of xAI, during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty Images Igor Babuschkin, a founding member of Elon Musk’s xAI, said Wednesday that he’s leaving the artificial intelligence startup to launch his own venture firm. “Today […]
Read More
New York man charged with cyberstalking widow of slain UnitedHealthcare CEO Brian Thompson
Brian Thompson, CEO of UnitedHealthcare. Courtesy: UnitedHealth Group A New York state man was arrested Wednesday and charged with leaving threatening voicemails for the widow of UnitedHealthcare CEO Brian Thompson hours after Thompson was fatally shot on a Manhattan sidewalk in December. The suspect, Shane Daley, left Paulette Thompson profanity-laced voicemails calling her husband a […]
Read More
Trump’s Washington, DC, crime crackdown exposes gap between perception and reality
A banner depicting the Washington, D.C., flag with a text reading “Free DC” hangs from an overpass with a view of the U.S. Capitol after U.S. President Donald Trump announced federal take over of the Metropolitan Police Department under the Home Rule Act to assist in crime prevention in the nation’s capital, in Washington, D.C., […]
Read More
Google faces loss of Chrome as Perplexity bid adds drama to looming breakup decision
Alphabet CEO Sundar Pichai speaks at a Google I/O event in Mountain View, Calif., Tuesday, May 20, 2025. Jeff Chiu | AP Perplexity AI’s bid on Tuesday to buy Google’s Chrome browser for $34.5 billion represents a dramatic moment for the internet search giant, a week before it celebrates the 20th anniversary of its IPO. […]
Read More
Stocks making the biggest moves after hours: Cisco, Ibotta, Coherent and more
Check out the companies making headlines in after-hours trading. Cisco – The tech stock pulled back almost 3% after its fourth-quarter results barely beat expectations. Cisco posted adjusted earnings of 99 cents per share on revenue of $14.67 billion in revenue, while analysts surveyed by LSEG were looking for a profit of 98 cents per […]
Read More
Shares of Bullish soar in NYSE debut after crypto exchange prices IPO above expected range
Shares of crypto exchange Bullish soared Wednesday after the cryptocurrency exchange raised about $1.1 billion in an initial public offering. The stock opened at $90 on the New York Stock Exchange, 143% above its IPO price of $37. At one point, it rose as high as $118 before closing at $68, a gain of more than […]
Read More