It’s all aboard for Microsoft investors as the company rides the next train towards another major win. The news Microsoft will be the next megacap to hit a $4 trillion stock market value, according to Wedbush, which predicts it will happen “this summer.” Larger-scale artificial intelligence deals are accelerating, lead analyst Dan Ives wrote in…
President Donald Trump‘s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers. Brazil, the largest U.S. supplier of green coffee beans, accounts for about a third of the country’s total supply, according to data from the U.S. Department of Agriculture. Coffee beans need to grow in a warm, tropical climate, making Hawaii…
Federal Reserve Board Chairman Jerome Powell holds a news conference following a Federal Open Market Committee meeting on June 18, 2025 in Washington, DC. Win Mcnamee | Getty Images President Donald Trump‘s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he had misled Congress about…
Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China, on Jan. 7, 2020. Aly Song | Reuters Tesla CEO Elon Musk said the company is expanding its robotaxi service area and bringing xAI’s Grok to vehicles as it rolled out a new iteration of the artificial intelligence…
U.S. President Donald Trump speaks to media ahead of boarding Marine One to depart to attend the NATO Summit in The Hague, Netherlands, from the South Lawn at the White House in Washington, D.C., U.S., June 24, 2025. Kevin Lamarque | Reuters Six months into his second term in office, President Trump has begun to…
Reverend Alberto Rojas, Bishop of the Diocese of San Bernardino Ordaining Prelate and Principal Celebrant, leads the Ordination to the Priesthood mass at St. Paul the Apostle Catholic Church in Chino Hills on Saturday, May 20, 2023. Will Lester | Medianews Group | Getty Images A Catholic bishop in California has issued a rare decree…
US President Donald Trump speaks during a multilateral lunch with visiting African Leaders in the State Dining Room of the White House in Washington, DC, on July 9, 2025. Jim Watson | Afp | Getty Images President Donald Trump said Wednesday the U.S. will slap a 50% tariff on Brazil‘s imports, partly in retaliation for…
Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates, split between concerns over tariff-fueled inflation and signs of labor market weakness and economic strength. Minutes from the June 17-18 meeting released Wednesday showed that policymakers largely held to a wait-and-see position on future rate moves….
A worker sorts packages on Amazon Prime Day in New York, US, on Tuesday, July 8, 2025. Klaus Galiano | Bloomberg | Getty Images U.S. online sales jumped 9.9% year over year to $7.9 billion on Tuesday, the kickoff of Amazon‘s Prime Day megasale, according to Adobe Analytics. At that level, it marks the “single…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 was modestly higher Wednesday, on track to break a two-day losing streak. Nvidia shares punched above a $4 trillion market value. We can see…
