JPMorgan Chase CEO Jamie Dimon said that a Labor Department report released Tuesday confirmed that the U.S. economy is slowing down. The department revised lower its nonfarm payrolls data for the year through March 2025 by 911,000 jobs from initial estimates. That was on the high side of Wall Street’s expectations for a downward shift…
Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023 Ben Kriemann | Getty Images Microsoft said on Tuesday that employees will be expected to work in an office three days a week starting next year. Employees that work near Microsoft’s headquarters in Redmond, Washington, or the Puget Sound area,…
The labor market created far fewer jobs than previously thought, according to a Labor Department report Tuesday that added to concerns both about the health of the economy and the state of data collection. Annual revisions to nonfarm payrolls data for the year prior to March 2025 showed a drop of 911,000 from the initial…
After two decades going to Starbucks every day at 4:30 a.m., longtime customer Tony Dennis abandoned the company last year. “I was frustrated,” he told CNBC. The customer experience he used to love had disappeared. Baristas didn’t engage with him, despite his daily visits. At the same time, the cost of his double-shot tall nonfat…
President Donald Trump speaks to reporters after stepping off Air Force One on September 7, 2025 at Joint Base Andrews, Maryland. Kevin Dietsch | Getty Images The United States government has already collected tens of billions of dollars from President Donald Trump’s “reciprocal tariffs.” But that money — and a lot more — could end…
CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025. Yuki Iwamura | Bloomberg | Getty Images CoreWeave shares jumped Tuesday on news that the cloud infrastructure company, which was one of the hottest IPOs of the year, launched a venture fund to invest in artificial intelligence startups. CoreWeave, considered…
U.S. Energy Secretary Chris Wright departs after speaking during a television interview outside of the White House on August 19, 2025 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images U.S. Energy Secretary Chris Wright has lambasted plans to reach net zero emissions by 2050, calling the climate target “a colossal train…
Max Verstappen of Red Bull Racing competes during the British Grand Prix, the 12th round of the Formula 1 World Championship, at Silverstone Circuit in Northampton, United Kingdom, on July 06, 2025. Rasid Necati Aslim | Anadolu | Getty Images Carlyle is set to announce a new partnership with Formula 1 team Oracle Red Bull…
The Aion V is one of the cars GAC is launching in Europe as it looks to expand its presence in the region. The Aion V is on display at the company’s stand at the IAA Mobility auto show in Munich, Germany on September 9, 2025. Arjun Kharpal | CNBC Guangzhou Automobile Group (GAC) aims…
Nebius, which was spun out from Russian internet giant Yandex, provides graphics processing units or GPUs for training artificial intelligence models. Sopa Images | Lightrocket | Getty Images Artificial intelligence infrastructure firm Nebius Group soared in U.S. premarket trading on Tuesday, following the company’s announcement of a multi-billion-dollar deal with Microsoft. Nebius’ stock was up…
