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Stocks making the biggest moves premarket: Hanesbrands, On  Holding, Circle, BigBear.ai and more
Finance

Stocks making the biggest moves premarket: Hanesbrands, On Holding, Circle, BigBear.ai and more

Check out the companies making headlines before the bell: Hanesbrands , Gildan Activewear — The T-shirt maker surged more than 42% after the Financial Times reported , citing people familiar with the matter, that Hanesbrands was nearing a deal to be acquired by Gildan for nearly $5 billion. Gildan shares slid more than 5%. Sinclair […]

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Trump says he asked for 20% cut from Nvidia, calls H20 an ‘obsolete’ chip
Technology

Trump says he asked for 20% cut from Nvidia, calls H20 an ‘obsolete’ chip

U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC. Andrew Harnik | Getty Images President Donald Trump on Monday said that he initially asked Nvidia for a 20% cut of […]

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Sequoia’s Moritz backs Intel CEO Lip-Bu Tan after Trump’s ‘artless bullying’
Technology

Sequoia’s Moritz backs Intel CEO Lip-Bu Tan after Trump’s ‘artless bullying’

Michael Moritz, Sequoia Capital Scott Mlyn | CNBC Renowned venture capitalist Mike Moritz called on Intel to stand by CEO Lip-Bu Tan after President Donald Trump demanded his resignation last week. “Trump’s assault has no modern precedent,” Moritz wrote, calling the attack a “vindictive political sideshow.” Moritz, who spent decades at Sequoia Capital and has […]

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The S&P 500 is on the cusp of another record. How long can this bull keep dodging danger?
World

The S&P 500 is on the cusp of another record. How long can this bull keep dodging danger?

A week removed from a brutal payroll report that triggered worry over a tapped consumer and a trapped Federal Reserve, the broad stock indexes are back at the cusp of all-time highs, market volatility has returned to year-to-date lows and some investors are calling off the August hurricane watch. The S & P 500’s 2.4% […]

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These are the most overbought stocks in the market, including Apple and Alphabet
World

These are the most overbought stocks in the market, including Apple and Alphabet

Stocks including Apple and Alphabet may be among some of Wall Street’s most overbought stocks — and could be soon due for a pullback, according to one widely used technical metric. The three major averages all climbed higher this week, with the tech-heavy Nasdaq Composite ‘s 3.9% gain leading the way. The S & P […]

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Apple has its best week since July 2020 after White House visit
Technology

Apple has its best week since July 2020 after White House visit

U.S. President Donald Trump and Apple CEO Tim Cook shake hands on the day they present Apple’s announcement of a $100 billion investment in U.S. manufacturing, in the Oval Office at the White House in Washington, D.C., U.S., August 6, 2025. Jonathan Ernst | Reuters Apple shares rose 13% this week, its largest weekly gain […]

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Trump warns courts against knocking down tariffs, says duties are ‘huge positive’ for stock market
Politics

Trump warns courts against knocking down tariffs, says duties are ‘huge positive’ for stock market

U.S. President Donald Trump speaks during an event to honor recipients of the Purple Heart in the East Room of the White House on August 07, 2025 in Washington, DC. Anna Moneymaker | Getty Images President Donald Trump on Friday warned U.S. courts against blocking his tariff policy, citing its “positive impact” on the stock […]

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Tesla exec leading development of chip tech and Dojo supercomputer is leaving company
Technology

Tesla exec leading development of chip tech and Dojo supercomputer is leaving company

Tesla’s vice president of hardware design engineering, Pete Bannon, is leaving the company after first joining in 2016 from Apple, CNBC has confirmed. Bannon was leading the development of Tesla’s Dojo supercomputer and reported directly to Musk. Bloomberg first reported on Bannon’s departure, and added that Musk ordered his team to shut down, with engineers […]

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How Tim Cook convinced Trump to drop made-in-USA iPhone — for now
Technology

How Tim Cook convinced Trump to drop made-in-USA iPhone — for now

WASHINGTON, DC August 6: US President Donald Trump shakes hands with CEO of Apple Tim Cook during a meeting in the Oval Office of the White House on Wednesday August 6, 2025. Demetrius Freeman | The Washington Post | Getty Images President Donald Trump has made clear that he wants Apple to make iPhones in […]

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AppLovin CEO sees benefits from Apple-Epic fallout as stock pops on earnings
Technology

AppLovin CEO sees benefits from Apple-Epic fallout as stock pops on earnings

Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares resumed their historic rally on Thursday after the ad-tech company reported better-than-expected earnings for the second quarter. The stock popped 11% and is now up 34% for the year after soaring more than eightfold in 2024. Wall Street has piled into the company due to its growth […]

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