As a containership continues to burn, the head of the Port of Los Angeles has repeatedly asked the Trump administration…
Category: News – CNBC
Bessent believes there won’t be a recession in 2026 but says some sectors are challenged
Treasury Secretary Scott Bessent said the U.S. was not at risk of entering a recession in 2026 and that Americans…
Texas data center expansion raises blackout risk during extreme winter weather
Texas' supply and demand balance can become tight during winter and potentially fall into deficit as data center demand grows.…
Does Berkshire’s big tech bet signal a new risk tolerance in Omaha?
Berkshire Hathaway's purchase of Alphabet shares may signal a new acceptance of greater risk for greater reward. ...
Trump praises NYC Mayor-elect Mamdani after White House meeting, shrugs off being called ‘fascist’
The meeting with Trump was requested by Mamdani, whose victory over ex-New York Gov. Andrew Cuomo in NYC's mayoral race…
Fed won’t get key inflation data before next rate decision as BLS cancels October CPI release
The BLS said it was canceling the release of the October CPI, leaving the Fed without a key piece of…
Gap comparable sales surge after viral ‘Milkshake’ denim ad with Katseye
Gap, which owns Banana Republic, Old Navy, Athleta and its namesake banner, saw comparable sales rise 5% during the quarter,…
White House crafting executive order to thwart state AI laws
The draft surfaced after President Donald Trump called for a single federal standard on AI "instead of a patchwork of…
Nvidia shares rise on stronger-than-expected revenue, forecast
Nvidia CEO Jensen Huang said sales for the company's current-generation GPU, called Blackwell, are "off the charts." ...
Palo Alto tops earnings expectations, announces Chronosphere acquisition
The cybersecurity company said in July it would by Israeli cybersecurity provider CyberArk for $25 billion. ...
Trump, Saudi Crown Prince bin Salman brush off criticism of Khashoggi killing
The White House touted Saudi Arabia's commitment to investing $600 billion in the United States, which was announced earlier this…
Trump calls for ABC’s license to be revoked after reporter asks about Jeffrey Epstein files
Trump insulted ABC News reporter Mary Bruce days after telling a female reporter to be "quiet, piggy," when she asked…