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Stablecoin issuer Circle soars as much as 235% in NYSE debut after pricing IPO above expected range

by CNBC Markets | June 5, 2025 11:06 pm | US Markets

Circle joins Coinbase, Mara Holdings and Riot Platforms as one of the few pure-play crypto companies to list in the U.S. 

‘Car Wars’: Five auto insights investors should know from top BofA analyst

by CNBC Markets | June 5, 2025 11:05 pm | US Markets

Key topics include billions of dollars in expected EV write-downs, a retrench to “core” businesses for automakers and a collapse of the auto industry in China.

Anduril raises funding at $30.5 billion valuation in round led by Founders Fund, chairman says

by CNBC Markets | June 5, 2025 11:05 pm | US Markets

Anduril Chairman Trae Stephens told Bloomberg on Thursday that the defense tech company has just raised $2.5 billion at a $30.5 billion valuation.

Ram resurrects Hemi engine for popular pickup trucks in ‘Symbol of Protest’

by CNBC Markets | June 5, 2025 11:05 pm | US Markets

Stellantis is resurrecting its well-known V-8 Hemi engine for its Ram 1500 full-size pickup trucks beginning this summer.

Musk blasts Trump: ‘Without me, Trump would have lost’

by CNBC Markets | June 5, 2025 11:05 pm | US Markets

Tesla boss Elon Musk was the biggest financial backer of President Trump’s 2024 campaign, and led his DOGE effort. But they are at odds over a major tax bill.

Procter & Gamble to cut 7,000 jobs as part of broader restructuring

by CNBC Markets | June 5, 2025 10:04 pm | US Markets

CFO Andre Schulten said more details about the job cuts will be shared on the company’s fiscal fourth-quarter earnings call in July.

Trade deficit fell by a record amount in April as demand dropped for imports

by CNBC Markets | June 5, 2025 9:06 pm | US Markets

Following a record-breaking surge in the trade imbalance, the deficit slid to $61.6 billion.

Trump holds call with Xi, China says

by CNBC Markets | June 5, 2025 8:05 pm | US Markets

The Trump-Xi call came as trade relations between China and the U.S. have come under strain in the weeks after the sides tentatively agreed to lower tariffs.

NBA team sponsorship revenue up 8% to $1.6 billion, boosted by jersey patches

by CNBC Markets | June 5, 2025 8:05 pm | US Markets

Growth in sponsorships comes on the heels of the NBA’s landmark $77 billion media rights deal, which begins next season.

Here’s how tariffs could affect the price of goods like shoes and sweaters

by CNBC Markets | June 5, 2025 7:05 pm | US Markets

A model from AlixPartners shows what items like sweaters and shoes imported from Vietnam could cost under President Donald Trump’s tariff plans.

Trump holds call with Xi, Chinese media says

by CNBC Markets | June 5, 2025 7:05 pm | US Markets

The Trump-Xi call came as trade relations between China and the U.S. have come under strain in the weeks after the sides tentatively agreed to lower tariffs.

Stocks open higher after Chinese state media says Trump and Xi held call: Live updates

by CNBC Markets | June 5, 2025 7:05 pm | US Markets

Wednesday’s soft payrolls report sparked fears of a weakening job market and the direction of the U.S. economy.

10-year Treasury yield falls after jobless claims increase

by CNBC Markets | June 5, 2025 7:05 pm | US Markets

U.S. Treasury yields held steady Thursday as investors weigh the state of the economy following a slate of disappointing U.S. data.

The growth trade is back in vogue for now, Ned Davis Research says

by CNBC Markets | June 5, 2025 7:05 pm | US Markets

Investors should favor growth stocks over value as normalcy returns to the market, according to Ned Davis Research.

Nintendo Switch 2 hype leads to shortages, special store opening hours

by CNBC Markets | June 5, 2025 5:08 pm | US Markets

Nintendo says it expects to sell 15 million Switch 2s in the fiscal year ending March 2026. Analysts say that estimate is conservative.

Stock futures are little changed after Dow snaps four-day winning run: Live updates

by CNBC Markets | June 5, 2025 4:11 pm | US Markets

Wednesday’s soft payrolls report sparked fears of a weakening job market and the direction of the U.S. economy.

Stock futures slip after Dow snaps four-day winning run: Live updates

by CNBC Markets | June 5, 2025 3:06 pm | US Markets

Wednesday’s soft payrolls report sparked fears of a weakening job market and the direction of the U.S. economy.

What Germany’s Merz wants to tackle in Trump meeting

by CNBC Markets | June 5, 2025 3:06 pm | US Markets

Merz will aim to strengthen the Germany-U.S. relationship, as well as talk about trade and security matters.

Shein and Temu see U.S. demand plunge on ‘de minimis’ trade loophole closure

by CNBC Markets | June 5, 2025 3:06 pm | US Markets

Low-cost e-commerce giants Temu and Shein have slowed significantly in the U.S. amid tariffs and the closure of the de minimis loophole, new data shows.

Stablecoin issuer Circle prices IPO at $31 per share, above expected range, ahead of NYSE debut

by CNBC Markets | June 5, 2025 5:04 am | US Markets

Circle, the issuer of one of the biggest stablecoins, priced its IPO at $31per share, above its expected range and giving it a market value of $6.8 billion.
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