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Mercedes-Benz to add new vehicle to Alabama plant amid Trump tariffs

by CNBC Markets | May 1, 2025 7:04 pm | US Markets

Mercedes-Benz on Thursday said it will add a new vehicle to its plant in Alabama amid President Donald Trump’s auto tariff.

U.S. Chamber of Commerce asks Trump for tariff exclusions to ‘stave off a recession’

by CNBC Markets | May 1, 2025 7:04 pm | US Markets

President Donald Trump has held up tariffs as a key tool in trade negotiations, but some analysts warn the duties are hurting business and the overall economy.

Weekly jobless claims surge to 241,000, more than expected, in latest sign of economic trouble

by CNBC Markets | May 1, 2025 7:04 pm | US Markets

Initial unemployment claims posted an unexpected increase last week in a potential trouble sign for the wobbling U.S. economy.

GM lowers 2025 guidance, citing up to $5 billion in tariff exposure

by CNBC Markets | May 1, 2025 6:04 pm | US Markets

GM on Thursday lowered its 2025 earnings guidance to include a possible $4 billion to $5 billion impact as a result of President Donald Trump’s auto tariffs.

McDonald’s reports largest U.S. same-store sales decline since 2020

by CNBC Markets | May 1, 2025 5:00 pm | US Markets

McDonald’s narrowly beat on earnings per share for the first quarter, but fell short on revenue.

Eli Lilly sales soar 45% on weight loss drug demand, but drugmaker cuts profit outlook after cancer treatment deal

by CNBC Markets | May 1, 2025 5:00 pm | US Markets

Eli Lilly said sales of weight loss drug Zepbound and diabetes treatment Mounjaro soared in the first quarter.

CVS to boost access to Novo Nordisk’s weight loss treatment Wegovy for patients on its drug plans

by CNBC Markets | May 1, 2025 5:00 pm | US Markets

Starting July 1, Caremark will prioritize Wegovy on its formulary, making the weekly injection more accessible to its members.

CVS tops estimates, hikes guidance as insurance business shows some improvement

by CNBC Markets | May 1, 2025 5:00 pm | US Markets

The company now expects full-year adjusted earnings of $6 to $6.20 per share, up from a previous guidance of $5.75 to $6 per share.

S&P 500 stock futures rise after Microsoft, Meta post earnings beats: Live updates

by CNBC Markets | May 1, 2025 3:05 pm | US Markets

Quarterly results from Microsoft and Meta Platforms surpassed analyst estimates.

U.S. and Ukraine sign landmark minerals deal after months of fraught negotiations

by CNBC Markets | May 1, 2025 12:05 pm | US Markets

The minerals deal, long coveted by U.S. President Donald Trump, comes more than three years since the start of Russia’s full-scale invasion of Ukraine.

Auto giants ditch financial guidance as industry reels from Trump tariff chaos

by CNBC Markets | May 1, 2025 11:04 am | US Markets

The corporate updates come shortly after Trump imposed a 25% tariff on automotive imports into the U.S. earlier in the month.

McDonald’s is about report earnings. Here’s what to expect

by CNBC Markets | May 1, 2025 10:04 am | US Markets

Shares of McDonald’s have climbed 15% this year, raising its market value to nearly $26 billion.

Sam Altman’s eye-scanning ID project launches in U.S. with six locations

by CNBC Markets | May 1, 2025 8:05 am | US Markets

Altman co-founded “World” in 2019 — known as Worldcoin until last year — to create a global identity verification system.

U.S. and Ukraine sign economic deal that includes terms for natural resources in the war-torn country

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

Ukraine’s economy minister traveled to Washington to sign the long-awaited deal.

Meta says China retailers are reducing digital ad spend

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

Chinese online retailers have cut back their spending on Facebook and Instagram ads in reaction to President Donald Trump’s tough trade policy with the country.

Microsoft passes its first test on U.S. tariffs with limited portfolio exposure

by CNBC Markets | May 1, 2025 5:05 am | US Markets

If rising costs do push businesses to boost efficiency, Microsoft, with its Copilot artificial intelligence assistant, could be helpful, CEO Satya Nadella said.

Court finds Apple, executive lied under oath in Epic Games trial

by CNBC Markets | May 1, 2025 5:05 am | US Markets

Apple willfully violated and ignored a 2021 decision that came out of the Epic Games case, Judge Yvonne Gonzalez Rogers said in a decision on Wednesday.

Trump calls China the ‘chief-ripper-offer’ on trade, with no sign of direct talks

by CNBC Markets | May 1, 2025 4:03 am | US Markets

Trump also appeared to be unmoved by the idea that American consumers will face empty store shelves if his trade war drags on.

Amazon to spend $4 billion on small town delivery expansion

by CNBC Markets | May 1, 2025 3:03 am | US Markets

Amazon announced it will spend $4 billion by the end of 2026 on expanding deliveries to small towns in rural America.

Microsoft shares jump on earnings, revenue beat as Azure cloud business grows 33%

by CNBC Markets | May 1, 2025 2:04 am | US Markets

The company’s Azure cloud growth exceeded Wall Street consensus.
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