Palantir co-founder and CEO Alex Karp attends meetings at the U.S. Capitol in Washington on Oct. 18, 2023. Jonathan Ernst | Reuters With Palantir’s stock plummeting more than 11% this week despite a better-than-expected earnings report, CEO Alex Karp took aim at investors betting against the software company. Karp, who co-founded Palantir in 2003, went…
Top Senate Democrat Chuck Schumer on Friday offered a new plan to Republican lawmakers that would allow the U.S. government to reopen from a shutdown that began Oct. 1. But Republicans quickly dismissed Schumer’s proposal. That deal hinges on protecting enhanced Affordable Care Act subsidies for at least one year in exchange for Democrats dropping…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : Stocks erased much of their losses Friday but were still lower on the week. The S & P 500 was on track for a…
Darryl Strawberry former New York Mets speaks to the media before a ceremony to retire his jersey number before a game against the Arizona Diamondbacks at Citi Field on June 1, 2024 in New York City. Adam Hunger | Getty Images President Donald Trump pardoned Major League Baseball legend Darryl Strawberry, who had pleaded guilty…
In this Club Check-in, CNBC’s Paulina Likos and Zev Fima break down big tech’s massive artificial intelligence spending spree — debating whether these billion-dollar bets will drive long-term cost savings or weigh on near-term returns. Mega-cap tech companies are shelling out billions of dollars to build out AI infrastructure. The big question we’re asking is…
Affirm CEO Max Levchin said Friday that while the buy now, pay later firm isn’t seeing credit stress among federally employed borrowers due to the government shutdown, there are signs of a change in shopping habits. “We are seeing a very subtle loss of interest in shopping just for that group, and a couple of…
Block shares fell 10% Friday after weak third-quarter earnings fell short of Wall Street expectations and showed slowing profit growth for the company’s Square service. Here is how the company did compared with LSEG estimates: Earnings per share: 54 cents adjusted vs. 67 cents expected Revenue: $6.11 billion vs. $6.31 billion expected The Jack Dorsey-founded firm’s shares…
An EBT sign is displayed on the window of a grocery store on Oct. 30, 2025 in the Flatbush neighborhood of the Brooklyn borough in New York City. Michael M. Santiago | Getty Images The Trump administration asked a federal appeals court to issue an emergency block on a judge’s order that it pay 42…
Travelers wait in line at a security checkpoint at O’Hare International Airport in Chicago, Illinois on November 7 2025. Kamil Krzaczynski | Afp | Getty Images U.S. airlines started cancelling hundreds of flights on Friday, hours after the Federal Aviation Administration ordered the cuts amid the more-than-monthlong government shutdown. The cuts were ordered as air…
Tim Robberts | Digitalvision | Getty Images Student loan forgiveness is a major relief for borrowers — many of whom have been in repayment for decades. But after receiving debt cancellation, there are key steps you should take, experts say. The Trump administration agreed last month to resume forgiving people’s education debts under programs that…
