Breaking News: Economy
OpenAI CFO says AI hardware will boost ChatGPT subscriptions in ‘new era of computing’
OpenAI is betting a new “era” of computing will justify the company’s decision to spend billions of dollars on bespoke hardware to go with it, Chief Financial Officer Sarah Friar said. The artificial intelligence startup, best known for the ChatGPT chatbot, announced plans on Wednesday to buy iPhone designer Jony Ive’s devices startup io for […]
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Trump tax bill clears the House in a victory for Republicans, advances to the Senate
WASHINGTON — Republicans in the U.S. House of Representatives came together early Thursday to pass President Donald Trump’s “big, beautiful” tax bill out of the chamber on a narrow vote. Every Democrat on the floor voted no, as did Republican Reps. Warren Davidson of Ohio and Thomas Massie of Kentucky. Rep. Andy Harris, R-Md., who […]
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CNBC Daily Open: U.S. market sell-off on deficit fears unlikely to be stemmed by any ‘Trump put’
U.S. President Donald Trump, accompanied by Speaker of the House Mike Johnson, speaking to the media as he departs a House Republican meeting at the U.S. Capitol on May 20, 2025, in Washington, D.C. Andrew Harnik | Getty Images News | Getty Images It’s one bad headline after another coming from the White House these […]
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Trump tax bill faces fresh hurdles, with holdouts invited to White House last-minute
WASHINGTON — House Republican leaders faced a last-minute revolt Wednesday by members of the party’s hardline conservative faction, who opposed their latest attempt to win support from moderate members of the conference for President Donald Trump’s “big, beautiful” tax bill. As a pivotal meeting of the House Rules Committee entered its twelfth hour after starting […]
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Stocks making the biggest moves premarket: Target, Palo Alto Networks, Lowe’s, UnitedHealth and more
Check out the companies making headlines before the bell. Palo Alto Networks — Shares of the cybersecurity company dipped 3.7% after Palo Alto Network’s gross margin for the fiscal third quarter came out below estimates . The company still beat on earnings and revenue expectations, however. UnitedHealth — Shares dropped more than 6% after HSBC […]
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Trump unveils plans for ‘Golden Dome’ missile defense system
U.S. President Donald Trump makes an announcement regarding the Golden Dome missile defense shield next to U.S. Defense Secretary Pete Hegseth in the Oval Office of the White House in Washington, D.C., U.S., May 20, 2025. Kevin Lamarque | Reuters President Donald Trump rolled out plans for a multibillion dollar ‘Golden Dome’ missile defense shield […]
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Noem says Trump can deport who he wants, botches what ‘habeas corpus’ means
Secretary of Homeland Security Kristi Noem testifies during a House Committee on Homeland Security budgetary hearing in Washington, DC on May 14, 2025. Nathan Posner | Anadolu | Getty Images Homeland Security Secretary Kristi Noem said Tuesday that President Donald Trump has an absolute right to deport people without due process, after she incorrectly defined the meaning of the […]
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Chinese businesses stick to diversifying away from the U.S. despite trade truce, survey shows
Vessels carrying shipping containers sail near Kwai Tsing Container Terminal in Hong Kong, China, April 23, 2025. Tyrone Siu | Reuters The intense trade war with the U.S. has left lasting scars on Chinese exporters with many looking to diversify away from the U.S., despite the temporary tariff reprieves, a private survey found. Based on […]
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Stocks making the biggest moves midday: UnitedHealth Group, Tesla, Alibaba and more
Check out the companies making headlines in midday trading. UnitedHealth — The health insurer’s stock popped roughly 7% as investors scooped up shares of the beaten-down name, which lost 23% last week. UnitedHealth had suspended its 2025 guidance, announced that its CEO is stepping down and is reportedly the subject of a U.S. Department of […]
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China says U.S. undermined trade talks with Huawei chip warning
U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, and Chinese Vice Premier He Lifeng, prepare to discuss on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via Reuters […]
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