Month: December 2025
Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision
NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited several sections of 1962 […]
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Stocks making the biggest moves midday: Microsoft, Netflix, Marvell Technology, GitLab & more
Check out the companies making the biggest moves midday: Genius Sports — The sports analytics company jumped 8% after setting lofty 2028 targets at its investor day. Genius sees ” group revenue ” totaling $1.2 billion by then, along with free cash flow of $220 million. Netflix — Shares declined 5% as investors waited to […]
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Fanatics launches prediction market in 24 states
Sports merchandiser Fanatics announced Wednesday it’s launching Fanatics Markets, its own prediction market, in 24 states this week, including California, Texas, Florida and Washington. The platform will allow people to trade on events in sports, finance and culture, according to Fanatics, and will launch in segments across the country over the next several days. The […]
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Trump pardons Texas Democratic Rep. Cuellar in bribery and conspiracy case
Rep. Henry Cuellar, D-Texas, is seen after a meeting of the House Democratic Caucus in the U.S. Capitol on Wednesday, June 8, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images President Donald Trump pardoned Texas Democratic Rep. Henry Cuellar and his wife in a federal bribery and conspiracy case on Wednesday, citing what he called a “weaponized” justice system. […]
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Bad jobs report caused by shutdown, deportations — not tariffs, Lutnick says
Commerce Secretary Howard Lutnick on Wednesday denied that the Trump administration’s tariff policies were to blame after a new report showed a surprise drop in private payrolls in November. Instead, Lutnick argued on CNBC’s “Squawk on the Street” that the government shutdown temporarily slowed small-business activity. He added that the federal efforts to enact mass […]
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Microsoft stock sinks on report AI product sales are missing growth goals
Microsoft Chairman and Chief Executive Officer Satya Nadella (L) returns to the stage after a pre-recorded interview during the Microsoft Build conference opening keynote in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty Images Microsoft pushed back on a report Wednesday that the company lowered growth targets for artificial intelligence software […]
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Delta says government shutdown cost it $200 million, but forecasts strong travel demand into 2026
A Delta Airlines Boeing 757-200 plane passes by the U.S. Capitol dome in Washington as it comes in for a landing at Ronald Reagan Washington National Airport on Sunday, November 9, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images Delta Air Lines said the government shutdown that ended last month cost it approximately […]
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Airbus expects to deliver fewer aircrafts this year after a difficult few days. Here’s how we got here.
French planemaker Airbus cut its delivery guidance early Wednesday after a series of issues related to its A320 aircraft. On Monday, reports emerged of a flaw said to affect dozens of A320-family aircraft. Airbus later said it had identified a quality issue regarding a “limited number” of metal panels, and that the source of the […]
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November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports
A hiring sign is displayed in the window of a business in Manhattan on Nov. 27, 2025 in New York City. Spencer Platt | Getty Images The U.S. labor market slowdown intensified in November as private companies cut 32,000 workers, with small businesses hit the hardest, payrolls processing firm ADP reported Wednesday. With worries intensifying […]
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Security startup Verkada hits $5.8 billion valuation in latest funding round led by CapitalG
Filip Kaliszan, CEO of Verkada. Courtesy: Verkada Security technology startup Verkada has reached a $5.8 billion valuation after a new funding round led by CapitalG, Alphabet’s venture capital arm, announced Wednesday. “I think Google saw the opportunity with us in the application of AI and everything we’re driving to apply AI to the physical security […]
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