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Government shutdown live updates: Funding ends after Trump, GOP, Democrats fail to cut deal

by CNBC Markets | October 1, 2025 10:06 am | US Markets

The shutdown could cause hundreds of thousands of federal workers to be furloughed and a slew of key programs and services to be shuttered.

The world’s first carbon border tax will soon go live — shaking up global trade

by CNBC Markets | October 1, 2025 5:01 am | US Markets

The European Union is poised to fully implement its carbon border tax from Jan. 1.

Government shutdown would furlough about 750,000 federal workers, CBO says

by CNBC Markets | October 1, 2025 2:06 am | US Markets

Democrats insist that any stopgap funding bill included an extension of enhance Affordable Care Act tax credits due to expire at the end of 2025.

Nike posts surprise sales growth but turnaround work is far from over

by CNBC Markets | October 1, 2025 2:05 am | US Markets

Nike posted surprise sales growth and beat on earnings even as it faced higher tariffs and tried to execute a turnaround plan.

Warren Buffett is reportedly eyeing Berkshire Hathaway’s biggest deal in three years

by CNBC Markets | October 1, 2025 2:05 am | US Markets

The potential deal, which could finalize within days per the Journal, could be Berkshire’s largest since 2022 when it bought Alleghany for $11.6 billion.

Here’s what the potential data block from the shutdown would mean for the Fed

by CNBC Markets | October 1, 2025 2:05 am | US Markets

As if the Fed’s job isn’t complicated enough, the expected shutdown in Washington, D.C., is about to make things worse.

Dow closes at record high, S&P 500 logs winning month, as investors shake off government shutdown concerns

by CNBC Markets | October 1, 2025 2:04 am | US Markets

A potential U.S. government shutdown loomed. Wall Street was also headed for an unusually strong September.

Santoli’s Tuesday market wrap-up: Indexes tread water as a majority of stocks slip

by CNBC Markets | October 1, 2025 2:04 am | US Markets

Evidence of economic growth concerns is surfacing and the tape is a bit heavy, especially in consumer cyclicals, after a soft consumer confidence reading.

Firefly Aerospace stock tanks 20% after test rocket explosion

by CNBC Markets | October 1, 2025 2:03 am | US Markets

The explosion occurred during a first-stage test flight of its Alpha Flight 7 rocket at a Texas facility.

Spirit Airlines touts ‘massive progress’ in bankruptcy

by CNBC Markets | October 1, 2025 1:05 am | US Markets

Spirit Airlines has reached an agreement with some of its debtholders for up to $475 million in debtor-in-possession financing.

Here’s why the government shutdown fight hinges on Obamacare tax credits

by CNBC Markets | October 1, 2025 12:05 am | US Markets

Democrats demand Republicans agree to codify an extension of enhanced premium Obamacare tax credits to keep the government from shutting down.

Nvidia’s market cap tops $4.5 trillion after string of AI infrastructure deals

by CNBC Markets | September 30, 2025 10:10 pm | US Markets

Nvidia shares are up about 39% so far in 2025, as investors continue pouring money into the leading developer of AI chips.

Number of spot crypto ETFs, and many more funds, may be about to boom after SEC decisions

by CNBC Markets | September 30, 2025 10:09 pm | US Markets

Two recent Securities and Exchange Commission decisions, one for mutual funds share classes and another for crypto, could unleash a wave of new ETF launches.

How this $130 billion energy management company is fueling Nvidia’s infrastructure growth

by CNBC Markets | September 30, 2025 10:09 pm | US Markets

Schneider announced in June it would collaborate with Nvidia to serve the growing demand for sustainable, AI-ready infrastructure.

Watch: Trump, Pfizer announce agreement to lower Medicaid drug prices

by CNBC Markets | September 30, 2025 9:14 pm | US Markets

The deal comes after Trump sent letters to Pfizer and 16 other drugmakers calling on them to take steps to lower drug prices by Sept. 29.

Government on track to shut down after midnight with no funding deal in sight

by CNBC Markets | September 30, 2025 9:14 pm | US Markets

Democrats insist that any stopgap funding bill included an extension of enhance Affordable Care Act tax credits due to expire at the end of 2025.

Ford CEO expects EV sales to be cut in half after end of tax credits

by CNBC Markets | September 30, 2025 9:13 pm | US Markets

Farley said the industry learned that “partial electrification,” such as hybrids, are easier for customers to accept for the time being.

Amazon Prime Video teams up with FanDuel for real-time betting updates during NBA games

by CNBC Markets | September 30, 2025 9:11 pm | US Markets

Bettors will be able to link their FanDuel accounts to their Prime Video profiles and see how their wagers are playing out in real time.

Ring founder ‘backs the blue,’ says AI is helping Amazon-owned doorbell unit fight crime

by CNBC Markets | September 30, 2025 8:18 pm | US Markets

Ring founder Jamie Siminoff returned to the company he founded in April to lead the business, which is part of Amazon’s devices division.

Consumer confidence is lower than expected as Wall Street braces for shutdown data blackout

by CNBC Markets | September 30, 2025 8:16 pm | US Markets

Consumer confidence edged lower in September ahead of an expected data blackout caused by the looming government shutdown, the Conference Board reported.
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