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Modelo owner Constellation Brands misses on earnings as aluminum tariffs hit profitability

by CNBC Markets | July 2, 2025 2:04 am | US Markets

Constellation Brands missed Wall Street’s estimates for quarterly earnings and revenue, as the Modelo owner saw lower demand and paid higher aluminum tariffs.

Medicaid cuts in Trump’s ‘big beautiful’ bill will leave millions uninsured, threaten rural hospitals

by CNBC Markets | July 2, 2025 2:04 am | US Markets

The bill would cut $1.1 trillion in health-care spending and result in 11.8 million people losing health coverage over the next decade, according to estimates.

Figma files for IPO on NYSE, plans to ‘take big swings’ with acquisitions

by CNBC Markets | July 2, 2025 2:03 am | US Markets

Figma filed its IPO prospectus on Tuesday, as the design software vendor looks to raise money and awareness to take on Adobe.

Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

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

Apple has accused a former engineer for its Vision Pro headset computer of stealing trade secrets before starting a new job at Snap, according to a lawsuit.

What the Senate Republican tax and spending bill means for your money

by CNBC Markets | July 1, 2025 11:04 pm | US Markets

Senate Republicans have approved their version of President Donald Trump’s one “big beautiful” bill. Here’s what the provisions could mean for your money.

Bay Area commuters get free rides Tuesday morning due to Clipper card outage

by CNBC Markets | July 1, 2025 11:04 pm | US Markets

The Clipper card, used for travel on all forms of public transportation in the San Francisco Bay Area, was down on Tuesday morning.

Trump’s megabill squeaks through Senate, but House can still reject revised version

by CNBC Markets | July 1, 2025 10:05 pm | US Markets

The megabill now heads back to the House, where lawmakers are trying to get the package to President Trump’s desk before a self-imposed July 4 deadline.

Climate threat to U.S. infrastructure is accelerating. Here’s what’s most at risk

by CNBC Markets | July 1, 2025 10:05 pm | US Markets

Climate risk to U.S. infrastructure is rising, and government cuts to climate science are only accelerating that risk.

Shoppers are trading down to store brands without even realizing it

by CNBC Markets | July 1, 2025 7:05 pm | US Markets

Price is key to the rise of private-label products, but so is sleeker packaging that can make it harder to tell name-brand items from cheaper in-house products.

Watch Fed chief Jerome Powell speak at an ECB panel in Portugal

by CNBC Markets | July 1, 2025 7:05 pm | US Markets

The stream is slated to start at 9:30 a.m. ET.

Tesla shares tumble after Trump says DOGE should look at Elon Musk’s subsidies

by CNBC Markets | July 1, 2025 6:07 pm | US Markets

Musk, who supported Trump’s campaign and also served as an adviser to the White House, has criticized the tax and spending bill the president is pushing.

Stock futures fall after S&P 500 notches new record to cap winning second quarter: Live updates

by CNBC Markets | July 1, 2025 12:06 pm | US Markets

Traders head into the second half of the year with stocks at record highs but some are optimistic the market could shoot even higher in the months ahead.

Some banks say Trump’s ‘big, beautiful bill’ will be a boon for the U.S. economy

by CNBC Markets | July 1, 2025 12:06 pm | US Markets

In a letter Sunday, the American Bankers Association said it “strongly supports” many provisions within the bill for the “much needed tax relief” they offer.

Amazon CEO Jassy says AI will lead to ‘fewer people doing some of the jobs’ that get automated

by CNBC Markets | July 1, 2025 6:04 am | US Markets

Amazon CEO Andy Jassy said that while the company continues to hire for AI, some jobs will require fewer employees because of automation.

‘Big beautiful bill’ mostly benefits the rich, while low earners would suffer from Medicaid and SNAP cuts, Yale report says

by CNBC Markets | July 1, 2025 3:04 am | US Markets

Senate Republicans are trying to pass legislation that would raise incomes for wealthier households and reduce them for low-income families, a report found.

Musk shreds Trump’s tax bill as ‘DEBT SLAVERY,’ vows to unseat Republicans who back it

by CNBC Markets | July 1, 2025 3:04 am | US Markets

Musk’s latest tirade came as the voting is underway in the Senate on dozens of amendments to the massive Trump-backed tax bill.

Trump rips AT&T service weeks after Trump Mobile licensing deal announced

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

President Donald Trump criticized AT&T weeks after the Trump Organization announced a wireless mobile licensing deal, Trump Mobile.

NASA plans to stream rocket launches on Netflix starting this summer

by CNBC Markets | July 1, 2025 1:04 am | US Markets

NASA+ will begin streaming on Netflix this summer.

Meta shares hit all-time high as Mark Zuckerberg goes on AI hiring blitz

by CNBC Markets | July 1, 2025 1:04 am | US Markets

Meta shares hit a record high on Monday, underscoring investor interest in the company’s new AI superintelligence group.

Mark Zuckerberg announces creation of Meta Superintelligence Labs. Read the memo

by CNBC Markets | July 1, 2025 1:04 am | US Markets

Mark Zuckerberg said is company is creating Meta Superintelligence Labs, which will be led by some recent hires.
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