Month: November 2025
Government shutdown back pay headed to federal workers in coming days
U.S. White House economic adviser Kevin Hassett speaks in front of a TV camera at the White House in Washington, D.C., U.S., November 13, 2025. Kevin Lamarque | Reuters Back pay owed to federal workers for the time they were furloughed during the government shutdown is expected to land in their bank accounts early next […]
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Apple cuts App Store fee in half for ‘mini apps’ that integrate more of its software
Under the EU’s Digital Markets Act, Apple is required to allow developers to freely inform customers of alternative offers outside its App Store. Gabby Jones | Bloomberg via Getty Images Apple on Thursday said it would cut the company’s App Store fees from 30% to 15% for some app makers, if they enter into a […]
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New foreclosures jump 20% in October, a sign of more distress in the housing market
fstop123 | E+ | Getty Images Foreclosure filings climbed again in October, after sitting at historic lows in recent years, according to new data released Thursday. While the numbers are still small, the persistent rise in foreclosures may be a sign of cracks in the housing market. There were 36,766 U.S. properties with some type […]
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AI startup Cursor raises $2.3 billion funding round at $29.3 billion valuation
Emilija Manevska | Moment | Getty Images Artificial intelligence startup Cursor on Thursday announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation, nearly triple what it was worth as of its last raise in June. Tune in at 4:30 p.m. ET as Cursor CEO Michael Truell joins “Closing Bell: […]
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Congressional hemp restrictions threaten $28 billion industry, sending companies scrambling
The hemp industry is bracing for layoffs, production reductions and billions in lost revenue after Congress passed a government funding bill late Wednesday containing a surprise provision that will ban nearly all hemp-derived consumer products. Hemp, a derivative of the cannabis plant, was legalized in the 2018 Farm Bill for industrial uses like rope, textiles […]
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With valuations this elevated, be careful with these zero-revenue stocks
With the market running up so high, investors may need to keep an eye out for companies that don’t having the earnings to justify lofty valuations. The stock market has hit record highs in recent weeks, boosted in part by continued optimism around artificial intelligence. Despite pullbacks in Thursday’s session , the broad S & […]
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Stocks making the biggest moves midday: Walt Disney, Sweetgreen, Cisco, Planet Fitness and more
Check out the companies making headlines in midday trading: Planet Fitness — The gym chain jumped about 4% after it issued guidance for the fiscal years 2026 through 2028. Planet Fitness expects new club unit growth to range between 6% and 7% in that time, while adjusted EBITA expands in the “mid-teens percent” compounded annually. […]
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Op-ed: Chinese robots are coming for Elon Musk’s trillion-dollar Tesla payday
Visitors check out an Optimus humanoid exhibited by Tesla at the World Artificial Intelligence Conference in Shanghai, China Monday, July 28, 2025. Feature China | Future Publishing | Getty Images Elon Musk’s bid to become the world’s first trillionaire increasingly rests on a single proposition: that Tesla can evolve from an electric-vehicle company into a […]
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Striking Boeing defense workers vote on new contract
FILE PHOTO: A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025. Benoit Tessier | Reuters Roughly 3,200 Boeing defense workers were voting Thursday on a new contract that could end a more than three-month strike that has delayed the manufacturer’s […]
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Musk’s xAI raises $15 billion in latest funding round
Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Elon Musk’s artificial intelligence company xAI has raised $15 billion from investors, sources familiar with the matter told CNBC’s David Faber. The funding adds another $5 billion […]
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