Business
Intel stock rises after Trump touts ‘very successful’ CEO, applauds government’s investment
Intel shares rose 2% in extended trading on Thursday after President Donald Trump posted a flattering message on social media about the chipmaker and its CEO, and championed the government’s investment in the company. “I just finished a great meeting with the very successful Intel CEO, Lip-Bu Tan,” Trump wrote on Truth Social. In August, […]
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Saks Global struggles to line up financing as potential bankruptcy filing looms
Pedestrians walk past a Saks Fifth Avenue store on Dec. 30, 2025 in Chicago, Illinois. Scott Olson | Getty Images Beleaguered retail chain Saks Global is struggling to line up as much as $1 billion in financing to keep its business afloat during a potential Chapter 11 bankruptcy filing, CNBC has learned. The luxury chain […]
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GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring
GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year related to its pullback in electric vehicles and restructuring efforts in China. The Detroit automaker said in a public filing that […]
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California’s controversial wealth tax proposal leaves billionaires with little way out
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. The proposed California billionaire tax includes a special provision that makes it highly unlikely that anyone who wants to leave the state could […]
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Used vehicle pricing expected to increase 2% in 2026, a historically stable rate
A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT – Prices of used vehicles are expected to rise this year but at a historically stable rate, according to auto data and insights firm Cox Automotive. Cox on Thursday […]
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Family office deals cooled off in December, but heirs placed bets in health and media
Leonardo Maria del Vecchio attends the amfAR Gala Venezia 2023 presented by Mastercard and Red Sea International Film Festival on September 03, 2023 in Venice, Italy. Kristy Sparow | Getty Images Entertainment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the […]
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Trump’s defense spending plans, Venezuelan oil, Ford’s eyes-off driving push and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. If you can’t already tell from reading this newsletter, I’m a big cliché user. So with the S&P 500‘s first losing day of the year, maybe traders can seek solace from the age-old saying: It’s a marathon, not a sprint. […]
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Stocks making the biggest moves premarket: Lockheed Martin, Northrop Grumman, Gap, Alcoa & more
Check out the companies making the biggest moves in premarket trading: Defense stocks — Defense stocks jumped after President Donald Trump called for a defense budget of $1.5 trillion in 2027, saying in a Truth Social post he wanted to build a “Dream Military.” Lockheed Martin and L3Harris Technologies rallied 8%, while Northrop Grumman soared […]
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CNBC’s Becky Quick details daughter’s rare disease journey
I’ve spent the last 25 years in front of the camera here at CNBC, and people have gotten to know a lot about me. What they don’t know, though, is probably the most important part: My family. And our family is a happy one. But we are also unique, and we have our struggles. Our 9-year-old […]
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Microsoft revealed as company behind controversial data center proposal in Michigan township
Microsoft CEO Satya Nadella speaks during the Future Decoded Tech Summit in Bengaluru, India, on Feb. 25, 2020. Microsoft will open a new data-center region in Spain, expanding their strategic partnership with Telefonica SA, according the the statement by Telefonica. Samyukta Lakshmi | Bloomberg | Getty Images Microsoft has identified itself as the mystery company […]
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