Month: August 2025
‘The eye of the hurricane’: Why the U.S. job market has soured, economists say
Key Points The July 2025 jobs report suggests a sharper slowdown in U.S. job growth than previously thought, economists said. President Donald Trump’s tariff policy is among the economic headwinds contributing to slower job creation and hiring, economists said. Immigration policy and relatively high interest rates are other factors, they said. Job seekers face a […]
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BlackRock’s Rick Rieder says a half-point rate cut by the Fed in September is possible
Rick Rieder, BlackRock’s chief investment officer for global fixed income, said July’s dismal jobs report opened the door for a jumbo rate cut from the Federal Reserve next month. “We would argue that the evidence the Fed needed in order to justify a cut in September has arrived in today’s report,” Rieder said in a […]
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Trump says he moved two nuclear submarines after Russia’s Medvedev warns U.S.
President Donald Trump on Friday said that he ordered two nuclear submarines “to be positioned in the appropriate regions” in response to warnings made to the United States by top Russian official Dmitry Medvedev earlier this week. “Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev, who is now the […]
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Palantir lands $10 billion Army software and data contract
Alex Karp, CEO of Palantir, attending the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 9, 2025. David A. Grogan | CNBC Palantir has inked a contract with the U.S. Army worth up to $10 billion to meet growing warfare demands over the next decade. As part of the […]
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Stocks making the biggest moves midday: Apple, Amazon, Monolithic Power, Reddit and more
Check out the stocks making the biggest moves midday. Kimberly-Clark — The consumer products giant gained about 4% on stronger-than-expected full-year guidance. Kimberly-Clark expects earnings per share to grow in the low-to-mid single digit percentage rate, while analysts polled by FactSet anticipated a contraction of around 2.6%. Marvell Technology — The chipmaker fell about 6%, […]
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Nintendo hiking price of original Switch for U.S. customers
A child playing with a Nintendo Switch game console. Julian Stratenschulte | picture alliance via Getty Images Nintendo said Friday it plans to hike the price of its original Switch “family of systems and products” in the U.S. The price increases, which take effect Aug. 3, are being made “based on market conditions,” the Japanese […]
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Jeffrey Epstein accomplice Ghislaine Maxwell moved from Florida prison to Texas lockup
Ghislaine Maxwell attends day 1 of the 4th Annual WIE Symposium at Center 548 on September 20, 2013 in New York City. Laura Cavanaugh | Getty Images Ghislaine Maxwell, the sex offender accomplice of Jeffrey Epstein, has been moved from a low-security federal prison in Florida to a less restrictive federal lockup in Texas, her […]
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Google has dropped more than 50 DEI-related organizations from its funding list
Google CEO Sundar Pichai gestures to the crowd during Google’s annual I/O developers conference in Mountain View, California, on May 20, 2025. David Paul Morris | Bloomberg | Getty Images Google has purged more than 50 organizations related to diversity, equity and inclusion, or DEI, from a list of organizations that the tech company provides […]
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Figma jumped 250%. Will it hold? Here’s how other blockbuster debuts have performed
Figma ‘s 250% spectacular debut on the New York Stock Exchange has some quarters of the market doubting whether the company can maintain its price level. CNBC’s analysis of first-day trading performance for stocks over the past three decades shows that such blockbuster IPOs have just better than even odds of typically holding on to […]
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Figma stock pops in second day of trading after colossal debut
Figma celebrates its initial public offering at the New York Stock Exchange on July 31, 2025. NYSE Shares of design software vendor Figma popped 6% on Friday, a day after the stock more than tripled in its New York Stock Exchange debut. Figma opened at $85 on Thursday under the ticker FIG, and shares closed at […]
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