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Musk torches Trump budget bill: ‘Disgusting abomination’

by CNBC Markets | June 4, 2025 12:04 am | US Markets

Musk, the Tesla and SpaceX CEO who spent over $250 million backing Trump’s presidential bid, led the president’s DOGE group until last week.

Fed Governor Lisa Cook sees tariffs raising inflation and complicating rate policy

by CNBC Markets | June 3, 2025 11:04 pm | US Markets

Cook expressed concern Tuesday with the progress on inflation, saying recent lower readings could reverse.

Trump slams GOP Sen. Rand Paul for opposing ‘big, beautiful bill’ due to $5 trillion debt ceiling hike

by CNBC Markets | June 3, 2025 11:04 pm | US Markets

Trump’s reaction to Paul shows him pressuring Republican holdouts to back the “big beautiful bill” that covers much of the president’s domestic policy agenda.

Newark mayor sues Trump’s NJ prosecutor Alina Habba over ‘false arrest’ at immigration jail

by CNBC Markets | June 3, 2025 10:05 pm | US Markets

President Donald Trump has tapped Habba, his former defense lawyer, to serve as acting interim U.S. attorney for New Jersey.

Trump’s foreign student policies alarm Rep. Ro Khanna: They’re ’embedded in Silicon Valley’

by CNBC Markets | June 3, 2025 9:04 pm | US Markets

The warning from Silicon Valley’s representative in Congress comes as the Trump administration rolls out visa restrictions targeting foreign students.

Nvidia’s Jensen Huang says Nintendo Switch 2 has dedicated AI processors

by CNBC Markets | June 3, 2025 9:04 pm | US Markets

The Switch 2 is Nintendo’s first new console in eight years, and it’s expected to be a bigger and faster version of its predecessor. The device costs $449.99.

McDonald’s is bringing back the snack wrap to U.S. restaurants next month

by CNBC Markets | June 3, 2025 9:04 pm | US Markets

McDonald’s customers have been clamoring for the return of the snack wraps for years.

Job openings showed surprising increase to 7.4 million in April

by CNBC Markets | June 3, 2025 8:04 pm | US Markets

Employers increased job openings more than expected in April while hiring and layoffs also both rose.

Ford reports 16% sales increase in May amid employee pricing, tariffs

by CNBC Markets | June 3, 2025 7:08 pm | US Markets

Ford on Tuesday reported a 16.3% year-over-year sales increase for May, as the automaker continues an employee pricing program amid rising tariff costs.

Alaska Airlines to make Europe debut with Rome flights next year

by CNBC Markets | June 3, 2025 7:08 pm | US Markets

Alaska Airlines is planning to offer flights to Rome

Constellation Energy rallies 15% on Meta nuclear power deal

by CNBC Markets | June 3, 2025 5:10 pm | US Markets

Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy, continuing the wave of tech giants teaming up with the industry.

Klarna takes on banks with debit card as it diversifies beyond buy now, pay later

by CNBC Markets | June 3, 2025 5:10 pm | US Markets

The Swedish fintech has been trying to shift its image from “buy now, pay later” poster child to a more all-encompassing banking player.

Hims & Hers to acquire European telehealth platform in global expansion

by CNBC Markets | June 3, 2025 5:09 pm | US Markets

Hims & Hers Health will acquire Zava, expanding the company’s services to Ireland, France and Germany and growing its active customer base by roughly 50%.

DHS says FEMA head was joking when he said he wasn’t aware of hurricane season

by CNBC Markets | June 3, 2025 4:05 pm | US Markets

President Donald Trump and his allies have repeatedly floated the idea of terminating the emergency disaster agency.

U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook

by CNBC Markets | June 3, 2025 3:09 pm | US Markets

The U.S. economy is now expected to expand by just 1.6% in 2025, while the global economy is set to grow by 2.9%.

Uber delivery chief Gore-Coty is leaving after almost 13 years at ride-hailing company

by CNBC Markets | June 3, 2025 3:03 am | US Markets

Uber said Monday that Pierre-Dimitri Gore-Coty, the company’s senior vice president of delivery, is stepping down from his position.

Elon Musk’s Neuralink raises $650 million in fresh capital

by CNBC Markets | June 3, 2025 2:04 am | US Markets

Neuralink is building a brain-computer interface, or BCI, which is a system that translates brain signals into commands for external technologies.

Snowflake to buy database startup Crunchy Data for about $250 million

by CNBC Markets | June 3, 2025 2:04 am | US Markets

Snowflake will pay about $250 million, a person familiar with the matter told CNBC.

Private equity firm Roark Capital invests in fast-growing restaurant chain Dave’s Hot Chicken

by CNBC Markets | June 2, 2025 11:05 pm | US Markets

Roark’s investment follows a boom for chicken-focused restaurants and a rising tolerance for spice among younger consumers.

Boulder fire attack suspect Soliman charged with federal hate crime

by CNBC Markets | June 2, 2025 11:05 pm | US Markets

Mohamed Sabry Soliman is due in court to face state charges in the attack protestors in Boulder, Colorado, calling for the release of Israeli hostages.
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