People exit the the U.S. Internal Revenue Service (IRS) building in Washington, D.C., on Feb. 20, 2025. Kent Nishimura | Reuters The IRS on Wednesday said that it was furloughing nearly half of its workforce due to the ongoing government shutdown. About 34,000 IRS workers are being furloughed, according to the agency. Another 39,870 employees,…
Federal Reserve officials in September were strongly inclined to lower interest rates, with the only dispute seeming to be over how many cuts were coming, meeting minutes released Wednesday showed. The meeting summary indicated near unanimity among participants at the Federal Open Market Committee that the central bank’s key overnight borrowing rate should be cut…
U.S. Senate Minority Leader Chuck Schumer (D-NY) speaks next to Senator Brian Schatz (D-HI) and Senator Amy Klobuchar (D-MN) during a press conference at the U.S. Capitol on the third day of a partial government shutdown, on Capitol Hill in Washington, D.C., U.S., Oct. 3, 2025. Nathan Howard | Reuters The Senate on Wednesday again…
Nvidia CEO Jensen Huang said Wednesday that he’s surprised Advanced Micro Devices offered 10% of itself to OpenAI as part of a multibillion-dollar partnership announced earlier this week. “It’s imaginative, it’s unique and surprising, considering they were so excited about their next-generation product,” Huang said in an interview with “CNBC’s Squawk Box.” “I’m surprised that…
Former FBI Director James Comey Alex Edelman | AFP | Getty Images Former FBI Director James Comey pleaded not guilty on Wednesday morning to federal criminal charges in Virginia that President Donald Trump had sought. Judge Michael Nachmanoff set Comey’s trial to begin on Jan. 5 in U.S. District Court in Alexandria. Comey’s lawyer, Patrick…
If you are planning on decorating your home for the holidays, everything from artificial Christmas trees to lights, decorative wreaths and rings, you may want to start early. One of the nation’s largest artificial Christmas tree importers is warning of limited inventory as a result of trade war tariffs, and says this will be the…
Nvidia CEO Jensen Huang said demand is up huge this year as artificial intelligence models develop further from answering simple questions to complex reasoning. “This year, particularly the last six months, demand of computing has gone up substantially,” said Huang on CNBC’s “Squawk Box.” The CEO of the AI chip leader was answering a question…
AST SpaceMobile on Wednesday announced a deal with Verizon to provide cellular service from space beginning next year. This deal aims to bring direct-to-service connection via space to cell phone users “when needed” on Verizon plans, according to AST. It marks an expansion of a partnership between the two companies announced last year. AST shares…
The sunset is reflected in the windows of the US Capitol as a man runs on the National Mall in Washington, DC, on October 1, 2025, the first day of the US federal government shutdown. Andrew Caballero-reynolds | Afp | Getty Images A version of this article first appeared in the CNBC Property Play newsletter…
The BMW brand logo can be seen on the BMW four-cylinder (also known as the BMW tower and BMW high-rise), the main administration building and landmark of the vehicle manufacturer BMW. Picture Alliance | Picture Alliance | Getty Images Shares of Europe’s biggest carmakers traded lower on Wednesday, amid concern that the European Union’s latest…
