The high-stakes summit on Friday between U.S. President Donald Trump and Russia’s Vladimir Putin did not result in a breakthrough, even as Trump described the summit as “productive,” while Putin proposed another meeting in Moscow. The White House had played down the talks — initially seen an attempt to secure a ceasefire between Russia and…
Opendoor CEO Carrie Wheeler said Friday that she’s resigning from the online real estate company, which has seen a surge in recent interest from retail investors. The stock popped early in the day before closing up 4.3%. Pressure began building on Wheeler, who took over the top job in 2022, after the company’s quarterly earnings…
Bubble tea may have started as a playful drink, but it has grown into an industry worth billions. The global bubble tea market size will grow from $2.83 billion in 2025 to $4.78 billion by 2032, according to a report from Fortune Business Insights. This year, three Chinese bubble tea chains — Mixue Group, Guming…
FBI Director Kash Patel speaks during U.S. President Donald Trump’s press conference about deploying federal law enforcement agents in Washington to bolster the local police presence, in the Press Briefing Room at the White House, in Washington D.C., U.S., August 11, 2025. Annabelle Gordon | Reuters FBI Director Kash Patel and his foundation won a…
Yurou Guan | Moment | Getty Images Under the Trump administration, more than 72,000 student loan borrowers who are likely eligible for debt forgiveness are stuck in a backlog of applications waiting for the relief. Some of them, like 46-year-old April Osteen, owe just a single payment. Others, like Dan Carrigg of Rhode Island, have…
Jose Luis Pelaez Inc | Digitalvision | Getty Images There’s a way for student borrowers pursuing Public Service Loan Forgiveness to get their debt wiped away sooner than they might have expected. But that program, called PSLF Buyback, has been experiencing some challenges of late. Chief among them: As of July 31, there’s a 72,730-person…
Sam Altman, CEO of OpenAI attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 8, 2025. David A. Grogan | CNBC OpenAI is preparing to sell around $6 billion in stock as part of a secondary sale that would value…
The Jeff Bezos-backed Slate Automotive says it can sell an American-made electric vehicle pickup truck for about half of the average transaction price in the U.S. Slate’s pitch is keep the vehicle as simple as possible to save on manufacturing costs, and then let owners add on and customize the truck however they want. The…
Brendan Blumer, Chairman of of Bullish and Tom Farley, CEO of Bullish, Bullish a cryptocurrency exchange operator, pose with staffs during the company’s IPO at the New York Stock Exchange in New York City, U.S., August 13, 2025. NYSE The Bullish IPO this week took on added significance, perhaps because of the company name. When…
Applied Materials shares plunged about 14% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecast adjusted earnings per share of $2.11, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During an earnings…
