Month: August 2025
Fed Chair Powell set to deliver big Jackson Hole speech Friday. Here’s what Wall Street expects
Key Points Fed Chair Jerome Powell is set to deliver what almost certainly will be his last keynote address at the central bank’s annual conclave during one of the most tumultuous times in its history. Amid several controversies, Powell could use the speech to at least take a sideswipe at the political distractions even if […]
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Cracker Barrel shares plummet after pushback on new logo, brand refresh
The new Cracker Barrel logo is seen on a menu inside the restaurant on Aug. 21, 2025 in Homestead, Florida. Joe Raedle | Getty Images Shares of Cracker Barrel Old Country Store plummeted roughly 10% on Thursday after the restaurant unveiled its new logo earlier this week as part of a larger brand refresh. The […]
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Tesla faces U.S. auto safety probe over faulty crash reporting
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Elon Musk’s Tesla is facing a federal probe by the National Highway Traffic Safety Administration after the U.S. auto safety agency found that the company was […]
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A new pharma factory shows how hard it could be for drugmakers to outrun Trump’s tariffs
HOLLY SPRINGS, N.C. — A hallway as long as three football fields connects four buildings at Fujifilm Biotechnologies’ new biologics manufacturing plant in Holly Springs, North Carolina. The first two buildings are preparing to open this fall to produce drug substance, essentially the base of biologic drugs, for Fujifilm’s initial customers Regeneron and Johnson & […]
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Trump official signals DOJ will investigate Fed Governor Cook
The Department of Justice will investigate Federal Reserve Governor Lisa Cook based on a criminal referral sent by a Trump administration housing official and arch critic of central bank chairman Jerome Powell, according to a letter obtained by CNBC’s Sara Eisen on Thursday. The letter, addressed to Powell and signed by Justice Department attorney Ed […]
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House Democrats probe Paramount-Skydance merger over Trump dealings
U.S. Representative Jamie Raskin speaks during a House of Representatives Oversight Committee hearing on the Attempted Assassination of former President Donald J. Trump. Mostafa Bassim | Anadolu | Getty Images Two top House Democrats are investigating whether Paramount and Skydance Media acquiesced to “illegitimate demands” from President Donald Trump in order to win approval for […]
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Stocks making the biggest moves midday: Coty, Paramount Skydance, Walmart and more
Check out the companies making headlines in midday trading: Coty — Shares of the beauty retailer plummeted more than 20% following its latest quarterly results. While its revenue of $1.25 billion beat the $1.20 billion that analysts surveyed by LSEG were expecting, it posted a loss per share of 5 cents, more than the 2 […]
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Apple TV+ hikes subscription for third time in three years
Thomas Fuller | SOPA Images | Lightrocket | Getty Images Apple is taking a cue from some of its competitors. The technology giant’s Apple TV+ monthly subscription is now $12.99, starting Thursday in the U.S. and other countries. Apple said the new price will hit current subscribers 30 days after their next renewal date. The […]
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Trump half-billion-dollar civil fraud penalty thrown out by appeals court
U.S. President Donald Trump stands next to Azerbaijan President Ilham Aliyev (not pictured) at the White House in Washington, D.C., U.S., August 8, 2025. Jessica Koscielniak | Reuters A New York state appeals court on Thursday threw out a more than $500 million civil business fraud penalty imposed on President Donald Trump. The appeals court […]
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July home sales rise as prices approach inflection point
A “For Sale” sign outside a house in the Capitol Hill neighborhood of Washington, DC, US, on Tuesday, Aug. 12, 2025. Al Drago | Bloomberg | Getty Images Sales of previously owned homes rose 2% in July compared with June to 4.01 million units, on a seasonally adjusted, annualized basis, according to the National Association […]
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