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After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’

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

Shift4 founder Jared Isaacman, who had been President Trump’s pick to run NASA, told investors in a letter on Wednesday that he’s giving up his CEO role.

FBI says Palm Springs bombing suspects used AI chat program to help plan attack

by CNBC Markets | June 5, 2025 4:04 am | US Markets

The primary bombing suspect used an unnamed AI chat program to research information about “explosives, diesel, gasoline mixtures and detonation velocity.”

Trump administration loses bid to lift bar on Education Department layoffs

by CNBC Markets | June 5, 2025 4:04 am | US Markets

President Donald Trump’s Education secretary, Linda McMahon, announced wholesale cutbacks in the size of her department’s workforce in March.

Amazon’s R&D lab forms new agentic AI group

by CNBC Markets | June 5, 2025 3:04 am | US Markets

The new group will help develop an agentic AI “framework” for use in its robotics operations, an application often referred to as “physical AI.”

Uber adds Palo Alto CEO Nikesh Arora to its board after executive shakeup

by CNBC Markets | June 5, 2025 2:04 am | US Markets

Nikesh Arora, the CEO of Palo Alto Networks, is joining the board of Uber. Prior, he was COO of Softbank and also held positions at Google and T-Mobile.

Musk whips opposition to Trump tax plan: ‘KILL the BILL’

by CNBC Markets | June 5, 2025 2:04 am | US Markets

Musk’s reaction to Trump’s bill likely comes in part because it cuts an EV tax credit that helps Tesla, a source familiar with the matter told NBC News.

Education Department says Columbia University fails to meet accreditation standards

by CNBC Markets | June 5, 2025 2:03 am | US Markets

Education Secretary Linda McMahon said that Columbia University’s purported failure to protect Jewish students from harassment was “immoral” and “unlawful.”

Former Biden White House press secretary Karine Jean-Pierre says she is leaving the Democratic Party

by CNBC Markets | June 5, 2025 1:04 am | US Markets

Jean-Pierre, who had been a prominent figure in Democratic politics, said she is registering as an independent.

Immigrant said to be framed for writing Trump threat letters remains detained, for now

by CNBC Markets | June 5, 2025 1:04 am | US Markets

Homeland Security Secretary Kristi Noem touted a Mexican national’s arrest for writing the letters about Trump before prosecutors said an inmate penned them.

Fed ‘Beige Book’ economic report cites declining growth, rising prices and slow hiring

by CNBC Markets | June 5, 2025 12:05 am | US Markets

The report noted that “economic activity has declined slightly since the previous report” released April 23.

Sen. Ron Johnson rips into ‘immoral’ GOP spending bill: ‘I can’t accept it’

by CNBC Markets | June 5, 2025 12:04 am | US Markets

Ron Johnson has been among the loudest Senate critics of the budget bill that narrowly passed the House last month.

Man arrested at N.Y. airport in connection with Palm Springs fertility clinic bombing

by CNBC Markets | June 4, 2025 11:04 pm | US Markets

Daniel Park, of Washington state, was arrested on a federal warrant out of California, three people familiar with the matter told NBC News.

Trump says he spoke to Putin, predicts no ‘immediate’ peace for Russia and Ukraine

by CNBC Markets | June 4, 2025 11:04 pm | US Markets

Putin in the call with Trump vowed retaliation against Ukraine for its recent drone attack on Russian bombers, the U.S. president said.

Trump’s tax bill would add $2.4 trillion to the debt, says Congress’ budget watchdog

by CNBC Markets | June 4, 2025 10:05 pm | US Markets

The Trump-backed budget bill has come under fire from former DOGE head Elon Musk and some GOP senators as it moves through Congress.

Microsoft gives LinkedIn chief Roslansky added role running Office

by CNBC Markets | June 4, 2025 9:04 pm | US Markets

Ryan Roslansky, who has run LinkedIn for the past five years, will now also oversee Microsoft’s Office productivity software.

Average 401(k) balances drop 3% due to market volatility, Fidelity says

by CNBC Markets | June 4, 2025 7:05 pm | US Markets

Retirement account balances fell in the first quarter of 2025, according to Fidelity Investments, the largest 401(k) provider in the U.S.

Trump says ‘Too Late’ Powell must lower interest rates after weak ADP jobs report

by CNBC Markets | June 4, 2025 7:05 pm | US Markets

Trump has branded Powell with the nickname “Too Late” as a criticism of the Fed Chair’s continuing decision to hold interest rates steady.

Private sector hiring rose by just 37,000 in May, the lowest in more than two years, ADP says

by CNBC Markets | June 4, 2025 6:05 pm | US Markets

The report comes two days before the more closely watched nonfarm payrolls count from the Bureau of Labor Statistics.

Stock futures rise slightly as Nvidia, tech trade march on: Live updates

by CNBC Markets | June 4, 2025 5:10 pm | US Markets

The comeback rally has investors increasingly confident stocks have turned a corner on tariffs, though concerns remain.

Apple and Samsung smartphone growth to take hit from tariff uncertainty: Counterpoint Research

by CNBC Markets | June 4, 2025 5:09 pm | US Markets

Counterpoint Research revised down its 2025 global smartphone shipment growth forecast to 1.9% year-on-year from 4.2%.
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