Business
Trump rekindles global trade tensions with sweeping new tariffs
Mexico welcomes trade talks extension Mexico welcomed news it was granted a 90-day reprieve on a U.S. boost to tariffs to 30% on many goods, to allow for further negotiations. “We avoided the increase of tariffs announced for tomorrow and we prevailed with 90 days to build a large-scale agreement based on dialogue,” Mexican President […]
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Facing questions on AI strategy, Tim Cook says Apple is ‘very open’ to acquisitions
Tim Cook arrives for the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025. David Grogan | CNBC Apple’s AI strategy and investment was on the mind of analysts on an earnings call after the company reported third-quarter earnings that showed […]
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Figma’s top VCs are sitting on $24 billion worth of stock after massive IPO pop
Figma Inc. signage during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 31, 2025. Michael Nagle | Bloomberg | Getty Images You can almost smell the bubbly wafting across Silicon Valley. Following Figma’s blockbuster market debut on Thursday, four of the most iconic […]
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Amazon’s cloud business records 18% growth in second quarter
Amazon Web Services CEO Matt Garman speaks at the AWS re:Invent conference in Las Vegas on Dec. 4, 2024. Noah Berger | Reuters Amazon’s cloud group grew recorded revenue growth of 18% in the second quarter, slightly ahead of analysts’ estimates. Amazon Web Services continues to lead the cloud infrastructure market, but is facing intensifying […]
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Figma more than triples in NYSE debut after selling shares at $33
Figma celebrates its initial public offering at the New York Stock Exchange on July 31, 2025. NYSE Figma‘s stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its initial public offering. The big opening pop is the latest indication […]
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How wealthy yacht buyers plan to avoid the European tariffs
Superyachts in Port Hercules, Monaco. John Lamb | The Image Bank | Getty Images 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. American boat buyers and European shipyards are scrambling to […]
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Trump says he asked 17 drugmakers to take steps to cut U.S. prices within 60 days
U.S. President Donald Trump, U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr., Dr. Mehmet Oz, Administrator for the Centers for Medicare & Medicaid Services, David Sacks, AI & Crypto Czar and Amy Gleason, Acting Administrator, Department of Government Efficiency (DOGE) attend the “Making Health Technology Great Again” event in the East Room […]
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Apple reports third-quarter earnings after the bell
Apple CEO Tim Cook attends the world premiere of “F1” at Times Square in New York on June 16, 2025. Angela Weiss | AFP | Getty Images Apple reports fiscal third-quarter earnings on Thursday after the bell. The June quarter is typically Apple’s slowest of the year by sales, ahead of new device launches in […]
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Stocks making the biggest moves midday: Generac, Shake Shack, Microsoft, Meta & more
Check out the companies making the biggest moves midday: Generac — The generator company gained 8% after Bank of America raised its price target on the stock, highlighting the company’s entry into data centers . Baxter International — Shares fell around 20% after the health-care company reported weaker-than-expected results for the second quarter. Baxter reported […]
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Best Buy, Ikea test new kitchen concept in U.S. stores
The logo of Best Buy and Ikea on shopping carts. Getty Images Best Buy said Thursday it will test mini-showrooms in some of its stores featuring Ikea products to show off kitchen design elements from the home retailer beside home appliances from the electronics store. Beginning this fall, the program will debut in 10 Best […]
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