Wall Street’s weekly performance was near the flat line heading into Friday. Things started OK on the final trading day of the week, until President Donald Trump ‘s new China trade threats tanked the stock market. The S & P 500 lost 2.71% on Friday — the worst single-session decline since April 10, the day…
U.S. President Donald Trump looks on during an announcement about lowering U.S. drug prices, at the White House in Washington, D.C., U.S., Oct. 10, 2025. Kent Nishimura | Reuters On Friday morning, the S&P 500 was less than a couple of points from another all-time high. Then, after a single social media post from President…
BlackRock is seeing a shift among Big Tech investors. Jay Jacobs, the firm’s U.S. head of equity ETFs, finds they’re going for targeted themes like artificial intelligence. “One of the biggest trades we’re seeing this year is simply people leaving the traditional tech sector and getting more granular into AI-specific ETFs, like BAI [the iShares…
OpenAI DevDay Ashley Capoot | CNBC Virtually every successful tech startup throughout history has faced the reality that it could get swallowed up or run over by a large incumbent at any moment. It’s part of daily life for an entrepreneur. But the company at the center of the current boom is a different kind…
CNBC’s Jim Cramer walked investors through next week as Wall Street launches into earnings season, highlighting reports from financial giants including Wells Fargo, Goldman Sachs, Citigroup, Bank of America, Morgan Stanley and JPMorgan. He acknowledged Friday’s major sell-off but said he doesn’t think the session marks the end of the market’s multi-year rally. “It’s a…
Apple CEO Tim Cook holds a next generation iPhone 17 during an Apple special event at Apple headquarters on Sept. 9, 2025 in Cupertino, California. Justin Sullivan | Getty Images Apple is in late-stage talks to acquire top talent from computer vision startup Prompt AI, as well as the company’s technology, CNBC has learned. Leadership…
Sopa Images | Lightrocket | Getty Images Applied Digital shares jumped as much as 30% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350% for the year. The company closed up 16%, extending its impressive run this year. Shares…
Paul J. Ingrassia, nominee to lead the Office of Special Counsel. Source: DHS President Donald Trump‘s nominee to head the U.S. Office of Special Counsel, Paul Ingrassia, was accused of sexual harassment, Politico reported. Ingrassia, who is currently the White House liaison for the Department of Homeland Security, was investigated in connection with an incident…
The launch of OpenAI’s updated Sora 2 AI video service kicked off another round of anxiety among musicians, actors and other content creators. Sora allows users to generate short videos for free by typing in a prompt. The app is only available on iOS devices and is limited to invitees, meaning people need a code to access…
Russell Vought, director of the Office of Management and Budget (OMB), speaks to members of the media outside the White House in Washington, DC, US, on Thursday, July 24, 2025. Aaron Schwartz | Bloomberg | Getty Images The Trump administration began laying off federal workers on Friday, the 10th day of the U.S. government shutdown,…
