business news
Trump administration unlawfully suspended EV charger infrastructure program, U.S. judge rules
A federal judge on Friday ruled President Donald Trump’s administration unlawfully suspended funding awarded to support the expansion of electric vehicle charger infrastructure, in a victory for 20Democratic-led states that sued over the action. U.S. District Judge Tana Lin in Seattle ruled in favor of 20 states as well as the District of Columbia, which […]
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Russia and Ukraine sit for tense talks on thorny territorial issue
Ukrainian and Russian negotiators met in Abu Dhabi on Friday to tackle the vital issue of territory, with no sign of a compromise, as Russian airstrikes plunged Ukraine into its worst energy crisis of the nearly four-year war. Kyiv is under mounting U.S. pressure to reach a peace deal in the war triggered by Russia’s full-scale […]
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I spent the week with tech CEOs. Here’s what they’re talking about
Fabricio Bloisi, chief executive officer of Prosus NV, during a Bloomberg Television interview at the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 23, 2025. The annual Davos gathering of political leaders, top executives and celebrities runs from January 20 to 24. Photographer: Hollie Adams/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty […]
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Nvidia director Persis Drell resigns with $26 million worth of stock after decade on board
Signage ahead of the Nvidia Live event at CES 2026 in Las Vegas, Jan. 5, 2026. Bridget Bennett | Bloomberg | Getty Images Nvidia director Persis Drell, an engineering professor at Stanford, resigned on Wednesday after just over a decade on the chipmaker’s board of directors, the company said in a filing with the SEC […]
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Cramer’s week ahead: Earnings from Meta, Microsoft and Apple. Plus, a Fed meeting
CNBC’s Jim Cramer alerted investors on Friday that next week will be a consequential one for Wall Street, pointing to a heavy load of quarterly earnings and a Federal Reserve meeting. “Make no mistake, next week matters,” Cramer said. He later added, “The bottom line? Mag Sevens. Momentum pays. Red-hot industrials, and a Fed meeting. […]
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Sen. Kirsten Gillibrand ‘optimistic’ Senate Agriculture will advance crypto bill despite differences
Sen. Kirsten Gillibrand, D-N.Y., is “very optimistic” the Senate Agriculture Committee’s updated legislation to regulate cryptocurrencies will advance, even though Republicans have yet to reach a deal with Democrats. “Senators have been working on a bipartisan basis for the last six months pretty intensely, and we have two different bills,” Gillibrand told CNBC in an exclusive interview. One piece of legislation is in the Agriculture Committee, […]
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Major winter storm may affect over 170 million Americans — how much it could cost you
A massive winter storm is threatening to wreak havoc across the U.S. in the days ahead — and potentially take a financial toll on households in its path. The National Weather Service said Friday that it expects a “significant, long-duration winter storm” to bring heavy snow, sleet and freezing rain to a broad swath of the […]
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Databricks obtains $1.8 billion in additional debt ahead of IPO
Databricks co-founder and CEO Ali Ghodsi. Databricks Data analytics software company Databricks has landed $1.8 billion in fresh debt, a person familiar with the matter told CNBC. Databricks now sits on over $7 billion in debt, the person added. The company declined to comment. Databricks is among the highly valued technology companies that are primed […]
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Sen. Warren blasts CFPB director for undermining Trump’s credit card affordability push
U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought. Kevin Mohatt | Kevin Lamarque | | Reuters Sen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump’s stated push to make credit cards more affordable, according […]
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The future of shopping has arrived — and Google wants to run it
Alphabet ‘s Google has moved beyond the search bar, positioning itself as the lead architect of “agentic commerce.” In this new world, AI not only suggests what you buy but executes the purchase for you. For years, online retail has operated under a predictable platform: Shoppers search, click through the results, and complete checkout on […]
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