Month: November 2025
Palantir CEO Karp twice slams short sellers as stock suffers worst week since April
Palantir co-founder and CEO Alex Karp attends meetings at the U.S. Capitol in Washington on Oct. 18, 2023. Jonathan Ernst | Reuters With Palantir’s stock plummeting more than 11% this week despite a better-than-expected earnings report, CEO Alex Karp took aim at investors betting against the software company. Karp, who co-founded Palantir in 2003, went […]
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Democratic leader offers deal to reopen government but Republicans sneer
Top Senate Democrat Chuck Schumer on Friday offered a new plan to Republican lawmakers that would allow the U.S. government to reopen from a shutdown that began Oct. 1. But Republicans quickly dismissed Schumer’s proposal, which hinges on protecting enhanced Affordable Care Act subsidies for at least one year. Schumer’s proposal calls for Democrats to […]
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Fed’s Miran says stablecoin surge could help push interest rates lower
Key Points Fed Governor Stephen Miran on Friday suggested that surging demand for dollar-denominated stablecoins could help push U.S. interest rates lower. “Stablecoins may become a multitrillion-dollar elephant in the room for central bankers,” Miran said during a speech in New York. Source
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Millions more Americans could access obesity drugs after Trump’s deals with Eli Lilly, Novo Nordisk
US President Donald Trump makes an announcement in the Oval Office of the White House in Washington, DC on Nov. 6, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump on Thursday struck landmark deals with Eli Lilly and Novo Nordisk that could mark a turning point in how many people can access […]
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Trump pardons New York baseball star Darryl Strawberry for tax evasion conviction
Darryl Strawberry former New York Mets speaks to the media before a ceremony to retire his jersey number before a game against the Arizona Diamondbacks at Citi Field on June 1, 2024 in New York City. Adam Hunger | Getty Images President Donald Trump pardoned Major League Baseball legend Darryl Strawberry, who had pleaded guilty […]
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Cornell University to pay $60 million in deal with Trump administration to restore federal funding
People walk through the Cornell University campus on Nov. 3, 2023 in Ithaca, New York. Matt Burkhartt | Getty Images Cornell University has agreed to pay $60 million and accept the Trump administration’s interpretation of civil rights laws in order to restore federal funding and end investigations into the Ivy League school. Cornell President Michael Kotlikoff announced the agreement on Friday, saying it upholds the university’s […]
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Big Tech’s AI spending spree: Smart long-term bet or short-term risk?
In this Club Check-in, CNBC’s Paulina Likos and Zev Fima break down big tech’s massive artificial intelligence spending spree — debating whether these billion-dollar bets will drive long-term cost savings or weigh on near-term returns. Mega-cap tech companies are shelling out billions of dollars to build out AI infrastructure. The big question we’re asking is […]
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Stocks making the biggest moves midday: Block, Archer Aviation, Akamai, Globus Medical and more
Check out the companies making the biggest moves midday: XYZ —The financial services provider plunged 10% after reporting third-quarter earnings of 54 cents per share, while analysts polled by LSEG were expecting 67 cents. Block’s $6.11 billion revenue also came IN below the forecast $6.31 billion. Globus Medical — The medical device maker soared 32% […]
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Affirm CEO says furloughed federal employees are starting to lose interest in shopping
Affirm CEO Max Levchin said Friday that while the buy now, pay later firm isn’t seeing credit stress among federally employed borrowers due to the government shutdown, there are signs of a change in shopping habits. “We are seeing a very subtle loss of interest in shopping just for that group, and a couple of […]
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Altimeter’s Brad Gerstner says market pullback is healthy, sees no bubble in tech
Altimeter Capital founder and CEO Brad Gerstner said Friday the recent pullback in technology shares is a healthy correction after a monthslong surge. “The Nasdaq’s gone up 40% off the bottom in April. The market was kind of looking for a reason for a breather,” Gerstner said on CNBC’s ” Money Movers .” “This week, […]
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