Donald Trump
CNBC Daily Open: Trump’s relationships can send markets roiling
US President Donald Trump and Tesla CEO Elon Musk speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Developments from the White House are growing more exciting and unpredictable than […]
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Asia-Pacific markets set to open mixed as investors digest Trump-Xi call
The view of Nanjing Road East Pedestrian Mall, the main shopping street in Shanghai. Bruce Yuanyue Bi | The Image Bank | Getty Images Asia-Pacific markets were set to trade mixed Friday as investors assessed the phone call between U.S. President Donald Trump and Chinese President Xi Jinping. Trump and Xi spoke on Thursday and […]
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Stocks making the biggest moves after hours: Lululemon, Docusign, Tesla and more
Here are the stocks making headlines in after hours trading on Thursday. Lululemon — The apparel stock slumped 20% after earnings guidance came in below expectations. Lululemon projected second-quarter earnings per share of $2.85 to $2.90 per share. Analysts surveyed by LSEG were looking for $3.29 per share. Lululemon also cut its full-year earnings guidance. […]
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Musk says SpaceX will decommission Dragon spacecraft after Trump threat
The SpaceX Falcon 9 rocket and Dragon spacecraft are seen ahead of a launch at Launch Complex 39A at the NASA’s Kennedy Space Center on March 14, 2025 in Cape Canaveral, Florida. Brandon Bell | Getty Images Elon Musk on Thursday said that his company SpaceX will begin decommissioning its Dragon spacecraft “immediately” because of […]
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Lululemon shares tumble 20% as it cuts full-year guidance, citing ‘dynamic macroenvironment’
People walk past a Lululemon department store in New York City on June 5, 2024. Michael M. Santiago | Getty Images Lululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a “dynamic macroenvironment.” As the company navigates tariffs and fears about a slowing U.S. economy, CEO Calvin […]
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Microsoft’s stock hits fresh record, rallying despite drop in broader market
Microsoft Chairman and Chief Executive Officer Satya Nadella speaks during the Microsoft Build 2025, conference in Seattle, Washington, on May 19, 2025. Jason Redmond | AFP | Getty Images On a down day for the market, Microsoft reached a record high for the first time in 11 months. Shares of the software giant rose 0.8% […]
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Trump says Musk went ‘CRAZY,’ suggests cutting government contracts for his companies
President Donald Trump and Elon Musk (R) speak before departing the White House on his way to his South Florida home in Mar-a-Lago in Florida on March 14, 2025. Roberto Schmidt | Afp | Getty Images President Donald Trump on Thursday called Tesla CEO Elon Musk “CRAZY” and threatened to cut his companies’ government contracts […]
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Corporate layoffs have ramped up in recent weeks. Here are the companies making cuts
Layoffs are illustrated by an oversized pair of scissors, that looms over seven workers sitting in office chairs suspended by strings. Mathisworks | Digitalvision Vectors | Getty Images While Elon Musk has ended his government cost-cutting initiative that resulted in thousands of federal job cuts, mass layoffs are still roiling corporate America. Companies are under […]
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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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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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