Donald J. Trump
White House pins ‘weak’ jobs numbers on Biden, touts Trump plan
President Donald Trump’s new Press Secretary Karoline Leavitt is interviewed by FOX News on her first full day of work at the White House on January 21, 2025 in Washington, DC. Tuesday marks the first full day of Trump’s second term in the White House. Chip Somodevilla | Getty Images The White House on Friday […]
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Consumer inflation fears spike in February as tariff worries hit sentiment
People shop at a Whole Foods store on Feb. 3, 2025 in New York City. Michael M. Santiago | Getty Images Consumers grew dramatically more worried about near-term inflation as President Donald Trump pushed aggressive tariffs against major U.S. trading partners, a closely watched survey showed Friday. The University of Michigan consumer survey for February […]
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Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say
SoftBank is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion pre-money valuation, sources told CNBC’s David Faber. SoftBank would pay out the funding, which would mean a $300 billion post-money valuation for OpenAI, over the next 12 to 24 months, with the first payment coming as soon as spring, […]
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Stock futures are little changed as investors brace for big payrolls report: Live updates
Traders work on the floor of the New York Stock Exchange on Feb. 6, 2025. NYSE Stock futures were little changed early Friday as January’s big jobs report loomed. Futures tied to the Dow Jones Industrial Average gained 20 points or 0.04%. S&P 500 futures and Nasdaq 100 futures also traded near the flatline. Amazon […]
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Look to India, Japan for ‘quality alpha’ amid market uncertainty, investor says
An employee counts Indian currency notes at a cash counter inside a bank in Kolkata. Rupak De Chowdhuri | Reuters Investors searching for “quality alpha” in Asia over the next six to nine months should look to India and Japan given the uncertainty in China, according to Lincoln Pan, partner and co-head of private equity at the Asia-focused […]
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Amazon hit by strengthening dollar, underscoring risks in tech to overseas reliance
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on Jan. 20, 2025. Saul Loeb | Via […]
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NCAA bars transgender women from competing in women’s sports
General signage before practice for the first round of the 2024 NCAA Tournament at PPG Paints Arena. Charles LeClaire-USA TODAY Sports The National Collegiate Athletic Association on Thursday updated its transgender student-athlete policy to prohibit trans women from competing in women’s sports, one day after President Donald Trump signed an executive order stating the federal […]
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Staffer at Musk’s DOGE resigns after racist social media posts exposed
Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC A staff member on the Department of Government Efficiency team led by tech billionaire Elon Musk resigned Thursday after the Wall Street Journal asked the White House about his connection to a social media account that advocated for […]
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Musk’s pivot to U.S. airspace reform raises new conflict-of-interest concerns
Elon Musk walks on Capitol Hill on the day of a meeting with Senate Republican Leader-elect John Thune (R-SD), in Washington, U.S. December 5, 2024. Benoit Tessier | Reuters Elon Musk’s involvement in the Trump administration’s airspace reform plan has quickly spurred calls to bar the Tesla and SpaceX leader from those efforts over his […]
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Amazon’s Whole Foods cites Trump’s NLRB purge as grounds for rejecting union win
An Amazon Prime delivery van sits parked outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | Afp | Getty Images Whole Foods, the Amazon-owned grocery chain, has asked the National Labor Relations Board to overturn a union victory at a Philadelphia store, pointing to […]
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