Economy
Behind the wave of white-collar layoffs: Old-school cost cutting, tariffs and, yes, AI
Corporate America is getting rocked by historic rounds of white-collar layoffs, leading some to wonder: Has AI finally come for their jobs? While the proliferation of generative and agentic artificial intelligence is playing a role, recent job cut announcements from companies like Amazon, UPS and Target are about a lot more than just the advance […]
Read More
Palantir earnings, Pizza Hut’s options, a new consumer staples giant and more in Morning Squawk
Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are […]
Read More
Goldman Sachs, Morgan Stanley warn of a market correction: ‘Things run and then they pull back’
A small replica of the Charging Bull statue is seen on a street vendor stall outside the New York Stock Exchange on July 11, 2025. Jeenah Moon | Reuters Global markets may be due for a reality check after this year’s relentless rally, as Goldman Sachs and Morgan Stanley on Tuesday cautioned investors to brace […]
Read More
UK’s Reeves to address speculation over tax rises in surprise speech
Chancellor of the Exchequer Rachel Reeves speaks on stage during the Labour Party conference on Sept. 29, 2025, in Liverpool, England. Ian Forsyth | Getty Images U.K. Chancellor Rachel Reeves is expected to give a clearer indication that tax rises are coming in her Autumn Budget later this month when she gives a speech this […]
Read More
Stocks making the biggest moves after hours: Palantir, Hims & Hers Health, Clorox and more
Check out the companies making headlines in after-hours trading. Palantir Technologies — Shares of Palantir rose 1% in extended trading after the software company reported quarterly results that beat Wall Street’s estimates , with government sales growing 52% from a year ago. Palantir earned 21 cents per share, after adjustments, on revenue of $1.18 billion […]
Read More
Fed Governor Lisa Cook, in first policy speech since Trump suit, says she’s undecided on Dec. rate cut
Key Points Federal Reserve Governor Lisa Cook, in her first policy speech since President Donald Trump tried to remove her from office, said Monday that she supported the recent interest rate cut. She noted that December is a “live meeting,” with the rate decision dependent on how risks break down between stubborn inflation and a […]
Read More
Stocks making the biggest moves midday: Amazon, Adeia, Kenvue, Iren & more
Check out the companies making the biggest moves midday: Ares Management — The private equity investment firm rose more than 6% on a better-than-expected profit for the third quarter. Ares reported after-tax realized income per share of $1.19, beating a FactSet estimate of $1.15 per share. The stock was on pace for its best day […]
Read More
Russia looks to cosy up with China after Trump’s meeting with Xi
In this pool photograph distributed by the Russian state agency Sputnik, Russian Prime Minister Mikhail Mishustin (R) arrives at the airport of Hangzhou on November 3, 2025. Dmitry Astakhov | Afp | Getty Images Russian officials appeared eager Monday to reaffiirm Moscow’s alliance with China following U.S. President Donald Trump’s high-profile meeting with Xi Jinping. […]
Read More
Stocks making the biggest moves premarket: Iren, Kenvue, Cipher Mining, New Gold and more
Check out the companies making headlines before the bell. Iren — The data center company jumped 22% after reaching a deal with Microsoft to provide the software and cloud computing provider with access to Nvidia GB300 GPUs over five years for $9.7 billion. Semiconductor manufacturers — The group advanced after Iren’s nearly $10 billion deal […]
Read More
November trading, Berkshire’s cash hoard, Big Tech’s ad revenue and more in Morning Squawk
A trader works on the floor of the New York Stock Exchange on Oct. 30, 2025 in New York. Angela Weiss | AFP | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. November […]
Read More