Donald J. Trump
Procter & Gamble to cut 7,000 jobs as part of broader restructuring
Packages of Charmin Ultra Soft bath tissue are stacked at a Costco Wholesale store in San Diego, California, on March 11, 2025. Kevin Carter | Getty Images Procter & Gamble will cut 7,000 jobs, or roughly 15% of its nonmanufacturing workforce, as part of a two-year restructuring program. The layoffs by the consumer goods giant […]
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Anduril raises funding at $30.5 billion valuation in round led by Founders Fund, chairman says
The Anduril Industries headquarters in Costa Mesa, California, US, on Thursday, Dec. 14, 2023. Kyle Grillot | Bloomberg | Getty Images Defense tech startup Anduril Industries has raised $2.5 billion at a $30.5 billion valuation, including the new capital, Chairman Trae Stephens said on Thursday. “As we continue working on building a company that has […]
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Musk says ‘whatever’ after Trump claims Tesla CEO is upset over NASA post, EV credit
President Donald Trump on Thursday said that Elon Musk has been criticizing his proposed tax bill because the Tesla CEO is “upset” about the elimination of EV credits in the package, and his pick to run NASA being nixed by the Trump administration. Trump spoke after days of Musk condemning what Trump calls his “One, […]
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Tesla shares sink 4% as Musk continues to bash Trump’s spending bill
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Shares of Tesla slid about 4% Thursday as CEO Elon Musk continued his relentless pressure on Congress to “KILL” President Donald Trump’s […]
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Trump holds call with Xi, Chinese media says
President Donald Trump held a phone call with China President Xi Jinping, Chinese media outlet Xinhua reported Thursday. The call was initiated by Trump, Beijing’s Ministry of Foreign Affairs said in a subsequent statement. The White House did not immediately respond to CNBC’s request for comment on the report. U.S. stock futures rose on news […]
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Family office deals slow in May with bets on nuclear batteries and AI testers
Key Points Nuclear energy startups are gaining steam with private investment firms of the ultra-rich. Billionaire Barry Sternlicht’s family office invested in Zeno Power, a nuclear battery firm, in May. These deals are set to grow with family offices wanting to capitalize on the AI’s power demands and President Trump’s recent executive order to boost […]
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Here’s how tariffs could affect the price of goods like shoes and sweaters
What is the true cost of tariffs? It’s debatable — not only because of political biases, but also because it’s far from straightforward to calculate just how much of the levies consumers end up paying. Even so, it’s possible to estimate how much the price of common items could increase under President Donald Trump’s various […]
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CNBC Daily Open: The health of the U.S. economy can depend on your viewing angle
Shoppers carry bags on Market Street in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty Images Based on payrolls processing firm ADP’s jobs report and the U.S. Federal Reserve “Beige Book,” the United States economy appears to be slowing. The number of private sector jobs created in […]
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CNBC Daily Open: The observed slowdown of the U.S. economy depends on your vantage point
Shoppers carrying bags in the Soho neighborhood of New York, US, on Wednesday, March 26, 2025. Yuki Iwamura/Bloomberg via Getty Images Based on payrolls processing firm ADP’s jobs report and the U.S. Federal Reserve “Beige Book,” the United States economy appears to be slowing. The number of private sector jobs created in May rose by […]
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After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’
Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. (SpaceX) on February 2, 2021 in Hawthorne, California. Patrick T. Fallon | Afp | Getty Images Days after his nomination for […]
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