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Meta’s Reality Labs posts $4.53 billion loss in second quarter

by CNBC Markets | July 31, 2025 2:05 am | US Markets

Meta’s Reality Labs posts $4.53 billion loss in second quarter

Woman pleads guilty in $30M scam that sold access to Trump fundraiser, fake U.S. residency

by CNBC Markets | July 31, 2025 2:05 am | US Markets

More than 150 people, many foreign nationals from China, were duped into investments in hopes of winning legal residency in the United States.

Trump slaps universal 50% tariff on copper imports; metal’s price plunges

by CNBC Markets | July 31, 2025 1:05 am | US Markets

The Trump administration says that the tariffs on metals imports are aimed at boosting domestic industries and addressing “trade imbalances.”

Divided Fed holds key interest rate steady, defying Trump’s demands for aggressive cuts

by CNBC Markets | July 31, 2025 12:05 am | US Markets

A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, with two top officials dissenting.

U.S. sanctions Brazilian judge targeted by Trump over Bolsonaro case

by CNBC Markets | July 30, 2025 11:06 pm | US Markets

The sanctions come before Trump plans to impose tariffs of 50% on imports from Brazil in part because of the prosecution of former President Jair Bolsonaro.

The Fed is unlikely to cut rates Wednesday, but this meeting is packed with intrigue

by CNBC Markets | July 30, 2025 10:05 pm | US Markets

Considering nothing is likely to happen when it comes to major policy decisions, the meeting promises several fascinating subplots.

Microsoft set to report earnings after the close

by CNBC Markets | July 30, 2025 10:05 pm | US Markets

Investors will be paying close attention to Microsoft’s capital spending and cloud revenue growth.

Meta slated to reported second-quarter earnings after the bell

by CNBC Markets | July 30, 2025 10:05 pm | US Markets

Meta will report its second-quarter earnings after the bell.

Apartment rents drop in July as vacancies move to multi-year high

by CNBC Markets | July 30, 2025 10:05 pm | US Markets

Apartment vacancies are still rising due to a glut of new apartments hitting the market in the past few years. Rents are down from a year ago.

Senate Democrats seek Jeffrey Epstein files from Trump administration through obscure law

by CNBC Markets | July 30, 2025 10:04 pm | US Markets

The Trump administration in new court filings said the public has a “clearly expressed interest” in “effrey Epstein’s and Ghislaine Maxwell’s crimes.”

DOJ drops charges against Fat Brands, chair Andy Wiederhorn

by CNBC Markets | July 30, 2025 9:05 pm | US Markets

The restaurant company and Wiederhorn were indicted more than a year ago for an alleged “sham” loan scheme.

Wall Street sees Starbucks comeback taking hold, even after another lackluster quarter

by CNBC Markets | July 30, 2025 9:04 pm | US Markets

Starbucks executives told analysts that traffic improved sequentially every month of the quarter.

Architecture firms report decline in billings for commercial real estate

by CNBC Markets | July 30, 2025 7:11 pm | US Markets

The AIA/Deltek Architecture Billings Index (ABI) remained in negative territory in June with a score of 46.8, down from 47.2 in May.

Trump announces 25% tariff on India plus ‘penalty’ for trade with Russia

by CNBC Markets | July 30, 2025 7:11 pm | US Markets

The 25% tariff rate is modestly lower than what he imposed on India on “Liberation Day,” when he announced a 26% rate on the key trading partner.

U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit

by CNBC Markets | July 30, 2025 6:10 pm | US Markets

Gross domestic product was expected to grow at a 2.3% annualized pace in the second quarter, according to the consensus estimate.

Trump says Friday tariff deadline ‘will not be extended’

by CNBC Markets | July 30, 2025 6:10 pm | US Markets

President Donald Trump said that he will not extend the deadline for his “reciprocal” tariffs on dozens of countries to restart.

Palo Alto Networks to acquire CyberArk in $25 billion deal

by CNBC Markets | July 30, 2025 6:10 pm | US Markets

Palo Alto Networks will takeover Israeli cybersecurity provider CyberArk in a deal valued at $25 billion.

Private company hiring bounced back with a 104,000 increase in July, ADP says

by CNBC Markets | July 30, 2025 6:09 pm | US Markets

Payrolls rose by a seasonally adjusted 104,000 for the month, reversing a loss of 23,000 in June.

Catastrophe bond sales are having a major moment

by CNBC Markets | July 30, 2025 6:09 pm | US Markets

CAT bonds refer to a type of financial instrument designed to raise money for insurers in the event of a natural disaster.

Apple is facing pressure from Wall Street to figure out its AI strategy

by CNBC Markets | July 30, 2025 6:09 pm | US Markets

Apple analysts are starting to wonder how much time the iPhone maker has to find an AI strategy before its core business starts to feel the effect.
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