Tesla has spent much of the year dealing with struggling sales and a deteriorating brand. Now CEO Elon Musk has…
Category: News – CNBC
Trump presses Fed chief Powell to cut interest rate by full point despite strong jobs report
An increase in the number of U.S. jobs that was higher than expected makes it unlikely that the Federal Reserve…
From bromance to bitter feud — a timeline of Trump and Musk’s relationship
The bromance is over. Here's a rundown of how Trump and Musk got here. ...
Long-awaited Trump-Xi call isn’t enough to resolve looming critical mineral shortage this summer
A high-stakes U.S.-China call has yet to resolve a metals shortage that businesses say could halt production of cars and…
Trump bans citizens of 12 countries from entering the U.S.
The Trump Administration signed a proclamation Wednesday suspending entrance to the U.S. for citizens from 12 countries. ...
Stablecoin issuer Circle prices IPO at $31 per share, above expected range, ahead of NYSE debut
Circle, the issuer of one of the biggest stablecoins, priced its IPO at $31per share, above its expected range and…
Trump says ‘extremely hard’ to make a deal with China’s Xi Jinping as trade talks stall
The two countries have blamed each other for violating a trade agreement reached in Switzerland on May 12. ...
Nvidia tops Microsoft, regains most valuable company title for first time since January
Nvidia has been trading places with Apple and Microsoft at the top of the market cap ranks since last June.…
Snowflake to buy database startup Crunchy Data for about $250 million
Snowflake will pay about $250 million, a person familiar with the matter told CNBC. ...
Trump administration pauses Social Security benefit cuts over defaulted student loans
The U.S. Department of Education is pausing its plan to garnish people's Social Security benefits if they've defaulted on their…
China counters Trump’s accusations of Geneva trade deal violations, says U.S. undermining consensus
Tensions between U.S. and China have flared up after a hiatus following a meeting between Treasury Secretary Scott Bessent and…
The global economy faces many headwinds, but the aviation industry is expected to defy them
The profitability of the aviation industry is expected to improve in 2025 despite global gross domestic product growth being forecast…