Joe Biden
Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business
Oracle‘s stock jumped 7% Friday after the cloud provider joined a group of investors slated to lead TikTok’s U.S. operations. In a memo to employees Thursday, CEO Shou Zi Chew said the social media company’s U.S. division will be run by a joint venture that includes Oracle, Silver Lake, and Abu Dhabi-based MGX. The deal […]
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Inside Intel’s new Arizona fab, where the chipmaker’s fate hangs in the balance
Intel was once the world’s largest semiconductor company, but its market cap plummeted in recent years as the chipmaker fell behind Taiwan Semiconductor Manufacturing Co. and spent billions of dollars trying to catch up. Now, Intel has entered high-volume production of 18A, the new chip node it says will turn things around. The biggest problem? […]
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Quad witching, Nike slides, weed rules and more in Morning Squawk
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. Witching hour A trader works at his desk on the floor of the New York Stock Exchange (NYSE) after the opening bell in New York on December […]
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TikTok signs agreement to create new U.S. joint venture, memo says
Samuel Boivin | Nurphoto | Getty Images TikTok’s U.S. operations will be housed in a new joint venture, according to a memo sent to employees by CEO Shou Zi Chew. The entity is named TikTok USDS Joint Venture LLC, the memo said. As part of the joint venture, Chew said in the memo, which was […]
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Trump defends economy, CPI report returns, monster Medline IPO, and more in Morning Squawk
U.S. President Donald Trump delivers an address to the nation from the Diplomatic Reception Room of the White House in Washington, D.C., U.S., December 17, 2025. Doug Mills | Via Reuters 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 […]
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FCC chief Brendan Carr tells Senate that his agency is ‘not formally … independent’
Federal Communications Commission Chairman Brendan Carr told a Senate committee on Wednesday that his agency is “not formally … independent.” Shortly after Carr made that statement, the FCC apparently removed the word “independent” in a description of the agency’s work on its website. Carr’s appearance before the Senate Commerce, Science and Transportation Committee was his first […]
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Trump to tout accomplishments in address to nation on Wednesday, White House says
Press secretary Karoline Leavitt said President Trump would highlight his work to ‘bring our country back to greatness.’ Source
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Top Trump aide Susie Wiles says he has ‘alcoholic’s personality,’ sought ‘retribution’ against NY AG Letitia James
President Donald Trump has an “alcoholic’s personality” and has engaged in legal “retribution” against his enemies since his return to office, White House chief of staff Susie Wiles said in a remarkably candid series of interviews with Vanity Fair published Tuesday. Wiles said in March that she and Trump had a “loose agreement that the […]
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Trump wants the U.S. shipbuilding industry to be great again. Here’s what it will take, and what’s at stake
President Donald Trump has vowed to lead a revival in U.S. shipbuilding, but the success of this manufacturing renaissance in a key sector for national security will rely on the expertise from overseas. The administration’s goal of a shipbuilding boom is a part of Trump’s “Make America Great” policy agenda. Trump signed an executive order […]
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Trump admin touts pulling nearly 10,000 truckers off road for failing English tests
U.S. Transportation Secretary Sean Duffy speaks during a press conference to discuss the impact of the government shutdown on air safety workers and travel at Philadelphia International Airport in Philadelphia, Pennsylvania, U.S., October 24, 2025. Rachel Wisniewski | Reuters The Trump administration said Wednesday that it has pulled nearly 10,000 commercial truck drivers off U.S. […]
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