Business
Trump claims California’s $20 fast-food minimum wage hurts businesses. The truth is a lot more complicated
U.S. President Donald Trump delivers remarks at the McDonald’s Impact Summit at the Westin Hotel in Washington, D.C., U.S., Nov. 17, 2025. Evelyn Hockstein | Reuters President Donald Trump on Monday said that California Gov. Gavin Newsom is “laying siege on the minimum wage.” Trump’s comments at the McDonald’s Impact Summit likely referred to California’s […]
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Stocks making the biggest moves midday: Oracle, Bath & Body Works, Gap and more
Check out the companies making the biggest moves midday: Oracle — The AI stock fell 4% as investors remained worried about valuations tied to AI continued to dump stocks. Those declines added to Oracle’s and Nvidia’s steep weekly losses. Bath & Body Works — The retailer fell 5%, adding to its 24.8% plunge from Thursday, […]
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Air traffic controllers, technicians with perfect attendance in shutdown to get $10,000 bonuses, FAA says
An airplane takes off from New York’s Laguardia Airport after the FAA ordered flight cuts at 40 major airports amid the ongoing U.S. government shutdown in the Queens borough of New York City, U.S., November 7, 2025. Ryan Murphy | Reuters Air traffic controllers and technicians with perfect attendance during the government shutdown will receive […]
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Air cargo impact from post-crash MD-11 grounding seen as ‘minimal,’ analysts say
The grounding of MD-11 aircraft after the deadly crash of a UPS plane earlier this month could boost air cargo rates during the peak holiday shipping season, with some capacity out of the market, but analysts aren’t expecting a big impact. The Federal Aviation Administration on Nov. 8 prohibited flights of MD-11 planes, less than […]
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Paramount, Comcast, Netflix submit bids for Warner Bros. Discovery
Paramount Skydance, Comcast and Netflix formally submitted takeover offers for Warner Bros. Discovery this week ahead of a deadline for first round offers, according to people familiar with the matter. Paramount Skydance and its advisors had been weighing in recent days whether to submit a higher bid than its previous $23.50-per-share offer that WBD rejected, […]
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Eli Lilly hits $1 trillion market value, a first for a health-care company
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Eli Lilly reached a $1 trillion market capitalization on Friday, the first health-care company in the world to join the exclusive club dominated by tech firms. Eli Lilly briefly hit […]
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Stocks making the biggest moves premarket: Bitcoin stocks, Elastic, Gap and more
Check out the companies making headlines before the bell. Bitcoin stocks — Stocks linked to the world’s oldest cryptocurrency were in the red as bitcoin plunged closer to $80,000 as investors fled risk assets. Digital asset mining companies American Bitcoin and Riot Platforms fell 2.4%, while Bitcoin treasury Strategy shed 2%. Galaxy Digital was down […]
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The market’s surprising reversal, Gap’s viral ad, AI regulation and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Hero to zero Stock investors didn’t end up getting the post-Nvidia earnings market bounce they hoped for. After opening yesterday’s trading session higher, stocks took a dramatic […]
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The senior population is booming. Caregiving is struggling to keep up
Maskot | Maskot | Getty Images In November 2022, Beth Pinsker’s 76-year-old mother began to get sick. Ann Pinsker, an otherwise healthy woman, had elected to have a spinal surgery to preserve her ability to walk after having back issues. What Ann and Beth had thought would be a straightforward recovery process instead yielded complications […]
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How Byron Trott became the favorite banker of Warren Buffett and America’s wealthiest families
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. In 1989, Byron Trott was working at Goldman Sachs in the private wealth management division when he paid a visit to Jack Taylor, […]
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