Year: 2025
FTC sues Uber, says company charged for Uber One without consent
Travelers walk past a sign pointing toward the Uber rideshare vehicle pickup area at Los Angeles International Airport (LAX) on February 8, 2023 in Los Angeles, California. Mario Tama | Getty Images The Federal Trade Commission on Monday sued Uber, accusing the ride-hailing and delivery company of deceptive billing and cancellation practices tied to its […]
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The U.S. will ‘absolutely’ have a recession in 2025 if high tariffs stay, Apollo’s Slok says
Torsten Slok, chief economist at Apollo Global Management, is certain the U.S. will fall into a recession this year if tariffs stay where they are. “It’s all conditioned on tariffs staying in place at these levels, and if they stay at these levels, we will absolutely have a recession in 2025,” Slok told CNBC’s ” […]
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Stocks making the biggest moves midday: Hertz, Nvidia, Amazon, Apple and more
Check out the companies making headlines in midday trading: Hertz — The rental car company dropped 6.4% after the stock rallied 112% after Bill Ackman revealed a big investment . Pershing Square has taken a 19.8% stake in Hertz with outright share ownership and total return swaps. Ackman believes Hertz is “uniquely well-positioned” in President […]
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Ron Insana: Confidence in the U.S. will be shaken if Trump seeks to remove Powell as Fed chair
Inflation, recession and stagflation won’t be the only driving forces behind investment decisions if President Donald Trump attempts to remove Federal Reserve Chairman Jerome Powell from his perch atop the central bank before he is set to step down. If the president were to fire the Fed chairman, I’d be inclined to recommend investors sell […]
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Musk says he’s looking to put ‘proper value’ on xAI during investor call, sources say
Tesla CEO Elon Musk attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | Reuters Elon Musk is looking to put “proper value” on his artificial intelligence startup xAI, sources told CNBC’s David Faber. The comments came during a call with xAI investors last week, sources familiar […]
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DHS Secretary Kristi Noem robbed at D.C. restaurant
US Secretary of Homeland Security Kristi Noem speaks at the Border Security Expo at the Phoenix Convention Center in Phoenix, Arizona, April 8, 2025. Rebecca Noble | Afp | Getty Images A thief stole Homeland Security Secretary Kristi Noem’s purse while she was dining at a restaurant in downtown Washington, D.C., on Sunday night, two […]
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Trump ramps up attacks on Powell, demands ‘loser’ Fed chair lower rates ‘NOW’
Jerome Powell, chairman of the US Federal Reserve, during an Economic Club of Chicago event in Chicago, Illinois, US, on Wednesday, April 16, 2025. Jamie Kelter Davis | Bloomberg | Getty Images President Donald Trump on Monday ratcheted up his pressure campaign on Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning […]
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I became an AI prompt engineer after a layoff from Meta: Now I’m ‘on the cutting edge of the newest tech obsession’
I didn’t know it at the time, but getting laid off from Meta was about to be my springboard to a new career — one at the cutting edge of the newest tech obsession. I frequently get asked how I pivoted into AI prompt engineering, particularly when it was so new. At the time, most […]
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Chicago Fed’s Goolsbee says Fed independence is ‘critically important’ for its inflation fight
Chicago Federal Reserve President Austan Goolsbee. Kate Rooney | CNBC Federal Reserve Bank of Chicago President Austan Goolsbee on Monday urged against reducing the central bank’s independence as President Donald Trump amped up criticism of Chair Jerome Powell. “The long run expectations that the Fed would get inflation back down to the 2% target were critically […]
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The biggest questions facing Big Tech ahead of earnings
Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the inauguration of Donald J. Trump in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Trump takes office for his second term as the 47th president of the U.S. Julia Demaree Nikhinson | Getty Images As tech’s megacap […]
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