Year: 2025
Nine of the largest pharma companies ink deals with Trump to lower drug prices
President Donald Trump signs an executive order aimed at reducing the cost of prescription drugs and pharmaceuticals by 30% to 80% during an event in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images Several of the largest U.S. and European-based drugmakers inked deals with […]
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Trump’s name added to Kennedy Center building a day after board votes to rename DC theater
President Donald Trump’s name was added to the facade of the John F. Kennedy Center for the Performing Arts on Friday, a day after the center’s board voted to rename that Washington, D.C., institution the “Trump-Kennedy Center.” Workers affixed Trump’s name to the building, above the center’s original name. The center’s website had already been […]
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Google’s boomerang year: 20% of AI software engineers hired in 2025 were ex-employees
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty Images With the AI talent wars heating up between companies like OpenAI, Meta and Anthropic, one way Google has been competing is by aggressively rehiring […]
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Classic-car market poised for strong 2026, says Hagerty CEO
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The strength in the classic-car market is expected to continue in 2026 as a new generation of collectors revs up demand, said the […]
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Stocks making the biggest moves midday: Lamb Weston, KB Home, Carnival, Oracle, CoreWeave & more
Check out some of the stocks making the biggest moves in midday trading. Lamb Weston – The producer of fries and frozen potato products saw shares tank 25%. Though Lamb Weston posted beats on the top and bottom lines in the second quarter, the company reaffirmed its full-year revenue guidance of $6.35 billion to $6.55 […]
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Cramer says Boeing is a buy here — plus, Wells Fargo and bank stocks keep rolling
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Stocks were higher Friday, led by a rebound in Big Tech as the AI trade attempted to regain momentum. Nvidia stock jumped nearly 3% after Bernstein noted it is […]
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Claire’s new owner Ames Watson feuds with Asia-based suppliers over millions in unpaid debt
Chris Ratcliffe | Bloomberg | Getty Images Tween retailer Claire’s is facing legal challenges from some of its Asia-based suppliers over millions in unpaid debts as it tries to emerge from a second bankruptcy under new ownership, according to claims the suppliers filed in Hong Kong. The clash with vendors comes as private equity firm […]
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‘Avatar: Fire and Ash’ snares $12 million in Thursday previews
Still from Disney’s “Avatar: Fire and Ash.” Disney Disney and James Cameron’s third Avatar movie, “Avatar: Fire and Ash,” hit theaters Thursday, snapping up $12 million in early preview screenings domestically. The second installment in the film series, “The Way of Water,” had a better start and tallied $5 million more in its Thursday preview […]
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Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business
Oracle‘s stock jumped 7% Friday after the cloud provider joined a group of investors slated to lead TikTok’s U.S. operations. In a memo to employees Thursday, CEO Shou Zi Chew said the social media company’s U.S. division will be run by a joint venture that includes Oracle, Silver Lake, and Abu Dhabi-based MGX. The deal […]
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November home sales struggle as supply stalls
A ”For Sale” sign is outside a residential home in Oro Valley, Arizona, on December 12, 2025. Michael Yanow | Nurphoto | Getty Images High home prices, stubbornly high mortgage rates and now less supply are all weighing on potential homebuyers. Sales of previously owned homes rose just 0.5% in November from October and were […]
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