Year: 2025
Why Slate Automotive says it has cracked the code to affordable EVs
The Jeff Bezos-backed Slate Automotive says it can sell an American-made electric vehicle pickup truck for about half of the average transaction price in the U.S. Slate’s pitch is keep the vehicle as simple as possible to save on manufacturing costs, and then let owners add on and customize the truck however they want. The […]
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Sen. Hawley to probe Meta AI bot policies for children following damning report
Meta Platforms CEO Mark Zuckerberg departs after attending a Federal Trade Commission trial that could force the company to unwind its acquisitions of messaging platform WhatsApp and image-sharing app Instagram, at U.S. District Court in Washington, D.C., U.S., April 15, 2025. Nathan Howard | Reuters Sen. Josh Hawley, R-Mo., said Friday that he will investigate […]
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In split decision, court clears Trump to restart CFPB mass firings
The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters is seen during a protest on Feb. 10, 2025 in Washington, DC. Anna Moneymaker | Getty Images A divided federal appeals court on Friday cleared U.S. President Donald Trump to resume mass firings at the Consumer Financial Protection Bureau, ruling that a lower court had […]
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Air Canada, flight attendants at impasse with strike looming
Air Canada flight attendants, represented by the Canadian Union of Public Employees (CUPE) hold a picket at one of four airports to highlight their pay demands in contract negotiations with Canada’s largest airline, outside Toronto Pearson International Airport in Mississauga, Ontario, Canada August 11, 2025. Carlos Osorio | Reuters The prospect of a systemwide work […]
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Stocks making the biggest moves midday: UnitedHealth, Applied Materials, Sandisk and more
Check out some of the companies making the biggest moves midday: UnitedHealth — The health insurer rallied 14% after Warren Buffett’s Berkshire Hathaway revealed a stake of five million shares, worth about $1.6 billion. The “Big Short” investor Michael Burry and Appaloosa Management’s David Tepper also disclosed sizable stakes in the company. If the UNH […]
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Opendoor stock pops 10% as CEO resigns following investor pressure campaign
Opendoor shares popped about 10% on Friday after CEO Carrie Wheeler said she’s resigning from the online real estate company, which has seen a surge in recent interest from retail investors. Pressure began building on Wheeler, who took over the top job in 2022, after the company’s quarterly earnings report earlier this month failed to […]
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Government’s Intel intervention is ‘essential’ for national security, tech analyst says
A government intervention in struggling chipmaker Intel is “essential” for the sake of national security, analyst Gil Luria said Friday, following a report that the Trump administration is weighing taking a stake in the company. “We’re all capitalists,” Luria, head of technology research at D.A. Davidson, said in an interview with CNBC’s “Squawk Box.” “We […]
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Applied Materials sinks 13% on weak guidance due to China demand
Applied Materials shares plunged more than 13% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecasted adjusted earnings of $2.11 per this quarter, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During […]
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UnitedHealth shares jump the most in 5 years after Buffett’s new stake is revealed
UnitedHealth Group Inc. signage on the floor of the New York Stock Exchange on April 21, 2025. Michael Nagle | Bloomberg | Getty Images Stock Chart IconStock chart icon UnitedHealth Friday Shares of UnitedHealth were down nearly 50% for 2025 through Thursday’s close before Buffett’s filing. The largest private health insurer has become the face […]
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Fed’s Goolsbee sees ‘note of unease’ as central bank looks to next interest rate move
Key Points Chicago Fed President Austan Goolsbee said a mixed bag of inflation data coupled with lingering uncertainty over tariffs have given him some hesitation about lowering interest rates. “We’ve got to get some clarity from the numbers,” Goolsbee, an FOMC voter this year, said during a CNBC interview. Source
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