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CNBC Daily Open: Trump’s policies are worrying investors and consumers
U.S. President Donald Trump holds up a hat stating “Trump Was Right About Everything” after signing executive orders in the Oval Office at the White House on Feb. 25, 2025 in Washington, DC. Alex Wong | Getty Images The “Trump Bump” — in which stocks and other assets, such as cryptocurrency, jumped after Donald Trump’s […]
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Tesla’s market cap sinks below $1 trillion as stock slumps more than 8%
Elon Musk, chief executive officer of Tesla Inc., in the Oval Office of the White House in Washington on Tuesday, Feb. 11, 2025. Aaron Schwartz | Bloomberg | Getty Images Tesla’s post-election pop has almost disappeared. Shares of the electric vehicle maker plunged by more than 8% on Tuesday, pushing the company’s market cap below […]
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Stocks making the biggest moves midday: Krispy Kreme, Chegg, Zoom Communications and more
Check out the companies making headlines in midday trading. Solventum — Shares surged roughly 10% after the health-care company announced it would sell its purification and filtration business to Thermo Fisher Scientific for $4.1 billion. The transaction is expected to wrap up by the end of 2025. Sempra — The utility stock plunged 20%. Sempra […]
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Lawsuit challenges Musk ‘resignation’ threat to federal workers
CEO of Tesla and SpaceX Elon Musk speaks at the Conservative Political Action Conference (CPAC) at the Gaylord National Resort Hotel And Convention Center on Feb. 20, 2025 in Oxon Hill, Maryland. Andrew Harnik | Getty Images A newly amended lawsuit challenges a threat by Elon Musk to federal workers, which warned them over social […]
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Top tech companies turn to hydrogen and nuclear energy for AI data centers
Yuval Bachar knows data centers. He’s worked on them for Meta, Microsoft and Cisco, but now, his startup is looking to help Silicon Valley run data centers with lower carbon dioxide emissions. ECL, Bachar’s startup, builds hydrogen-powered data centers. Hydrogen is a novel energy source for data centers that is more eco-friendly, and more importantly […]
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Resilient stock market finally succumbs to pressure from economic worries and Trump policy flux
A new movie due out next month called “Novocaine” is about a guy unable to feel pain. This is a kind of superpower, right up to the point where it becomes a keen danger, leaving him insensitive to damaging injury. The stock market, similarly, was for weeks calm and unflinching against potential sources of hurt, […]
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Nvidia and PCE will have to deliver next week for a stock market in search of direction
A stock market in search of direction could very well get one next week. Investors are about to react to two potentially major market-moving events in the week ahead. Nvidia is set to come out with its first earnings report since China’s DeepSeek in January rattled the outlook for artificial intelligence companies. And last month’s […]
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Tesla recalls more than 375,000 vehicles in U.S. due to failing power-assisted steering systems
Tesla models Y and 3 are displayed at a Tesla dealership in Corte Madera, California, on Dec. 20, 2024. Justin Sullivan | Getty Images Tesla is voluntarily recalling 376,241vehicles in the U.S. to correct an issue with failing power-assisted steering systems, according to records posted to the website of the U.S. National Highway Traffic Safety […]
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OpenAI CFO talks possibility of going public, says Musk bid isn’t a distraction
OpenAI’s astounding growth rate potential is luring possible investors as questions loom over whether the startup will go public. “In terms of a multiple to pay for stock like ours, there’s incredible interest at the moment,” finance chief Sarah Friar told CNBC’s David Faber on Thursday. Its future growth potential has also enabled OpenAI to […]
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Trump says he’s weighing giving 20% of DOGE savings to Americans
President Donald Trump revealed on Wednesday that he’s considering sending 20% of the money saved by the Department of Government Efficiency advisory group to Americans. “There’s even under consideration a new concept where we give 20% of the DOGE savings to American citizens and 20% goes to paying down debt,” Trump said during his remarks […]
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