Breaking news
Private payroll growth slowed to 62,000 in April, well below expectations
Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump’s tariffs against U.S. trading partners, ADP reported Wednesday. Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, amid heightened uncertainty over the degree of the tariffs and the impact they would have […]
Read More
U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses
The U.S. economy contracted in the first three months of 2025 on an import surge at the start of President Donald Trump’s second term in office as he wages a potentially costly trade war. Gross domestic product, a sum of all the goods and services produced from January through March, fell at a 0.3% annualized […]
Read More
Stocks making the biggest moves midday: Plug Power, Nvidia, Peloton and more
Check out the companies making headlines in midday trading: Plug Power — The hydrogen fuel cell developer jumped 24% after signing a deal to issue up to $525 million in secured debentures. The company also issued first-quarter guidance of between $130 million and $134 million, compared with LSEG consensus of $131.6 million. Nio — The […]
Read More
Alphabet jumps 3% as search, advertising units show resilient growth
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet‘s stock gained 3% Friday after signaling strong growth in its search and advertising businesses amid a competitive artificial intelligence environment and uncertain macro backdrop. “GOOGL’s pace of GenAI […]
Read More
Fed’s Hammack calls for patience in assessing what impacts tariffs will have on the economy
Key Points In her first broadcast interview since taking the reins at the Cleveland Fed, Hammack noted the high level of uncertainty now and did not commit to a specific course of action regarding interest rates. A former Goldman Sachs executive, Hammack said she is sensitive to market movements but only in how they affect […]
Read More
Tesla stock pops after Trump comments on China tariffs and Powell, despite weak earnings
US President Donald Trump and Tesla CEO Elon Musk, alongside Musk’s son X Æ A-Xii, speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Tesla shares popped 5% after CEO […]
Read More
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 […]
Read More
Capital One and Discover merger approved by Federal Reserve
Key Points Capital One Financial’s application to acquire Discover Financial Services has officially been approved by the Federal Reserve and the Office of the Comptroller of the Currency. Capital One announced plans to acquire Discover in an all-stock transaction valued at $35.3 billion in February 2024. It will also indirectly acquire Discover Bank through the transaction. Source
Read More
Watch Fed Chair Powell speak live on policy to the Economic Club of Chicago
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday afternoon at the Economic Club of Chicago, delivering policy remarks with markets on edge over the effect of President Donald Trump’s tariffs. The […]
Read More
Stocks making the biggest moves midday: Nvidia, ASML, Advanced Micro Devices and more
Check out the companies making headlines in midday trading: Nvidia — Shares tumbled more than 7% after Nvidia said it will record a $5.5 billion charge tied to exporting H20 graphics processing units to China, along with other destinations. The company said in a regulatory filing that the U.S. government informed Nvidia it would require […]
Read More