Sources told CNBC that Carlos Tavares was fixated on near-term costs and profits to the detriment of the business as…
Category: News – CNBC
Nvidia shares slip after China opens investigation over possible violation of antimonopoly law
Nvidia shares were under pressure after a Chinese regulator said it was investigating the chipmaker over possible violations to the…
Assad dynasty collapses in Syria as rebel forces claim Damascus
The defense forces of the Russia and Iran-backed Assad government have been struggling to stave off the lightning advance of…
South Korea’s President Yoon survives impeachment motion after ruling party boycotts vote
The motion, tabled by opposition politicians, needed the support of two-thirds of South Korea's 300-member National Assembly to pass. ...
DOGE’s Musk, Ramaswamy want Congress to pass huge spending cuts. That’s a tough sell
Congress' enthusiasm for smaller government is tempered by the difficulty of agreeing on what to cut. ...
Trump says venture capitalist David Sacks will be AI and crypto ‘czar’
David Sacks spoke at the Republican National Convention in Milwaukee in July and hosted a fundraiser for Trump in San…
There’s an important jobs report coming Friday. Here’s what to expect
The jobs report due out Friday could provide a clearer picture of where the labor market is headed. ...
MicroStrategy leads crypto stocks higher after bitcoin tops $100,000 for the first time
Crypto-linked stocks jumped after bitcoin prices reached $100,000 for the first time ever. ...
Why developers are turning to shopping malls to fix the housing crisis
Real estate developers are building housing inside of or next to shopping malls as department stores like Macy's, JC Penney…
GM expects more than $5 billion impact from China restructuring, including plant closures
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than…
Eli Lilly’s Zepbound causes greater weight loss than Novo Nordisk’s Wegovy in head-to-head trial
Zepbound's greater weight loss is a huge advantage for Eli Lilly, which is competing with Novo Nordisk for a larger…
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
The deal, which is expected to close in mid-2025, comes during a boom for the private credit space. ...