The Trump administration has taken direct stakes in companies on a scale rarely seen in the U.S. outside wartime or economic crisis, pushing a Republican Party that traditionally championed free-market capitalism to embrace state intervention in industries viewed as important for national security. Japan’s Nippon Steel agreed to give President Donald Trump a “golden share”…
OpenAI and Anthropic continue to lead a fundraising bonanza in artificial intelligence, raising historic rounds and stratospheric valuations. But when it comes to finding AI exits for venture firms, the market looks a lot different. AI startups raised $104.3 billion in the U.S. in the first half of this year, nearly matching the $104.4 billion…
The logo for the U.S. tech firm Block is displayed and reflected in numerous digital screens in London, England, on March 3, 2023. Leon Neal | Getty Images Block shares jumped 7% on Monday after S&P Global said the company will join the S&P 500, replacing Hess, which was acquired by Chevron for $54 billion….
Conventional wisdom holds that as we get closer and closer to the coming deadline for tariff resolution, the market will become more treacherous, especially for highly valued stocks. I don’t know who writes these stories. I always check the bylines and I have never worked with them or hired them. I will tell you this: their…
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Block shares jumped more than 10% in extended trading on Friday, as the fintech company get set to join the…
Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana, Exxon CEO Darren Woods told CNBC’s Becky Quick on Friday. The ruling by the International Chamber of Commerce in favor of Chevron clears the way for the oil major to complete its $53…
Doug Burgum, U.S. Secretary of the Interior speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025 David A. Grogan | CNBC Solar and wind projects that need federal permitting will face even closer scrutiny by the Trump administration, with Interior Secretary Doug Burgum now making…
Plant Vogtle Nuclear Power Plant in Waynesboro, GA, August 15, 2024. Van Applegate | CNBC Westinghouse plans to build 10 large nuclear reactors in the U.S. with construction to begin by 2030, interim CEO Dan Sumner told President Donald Trump at a roundtable in Pittsburgh on Tuesday. Westinghouse’s big AP1000 reactor generates enough electricity to…
Circle Internet Group Initial Public Offering at the New York Stock Exchange in New York City, U.S., June 5, 2025. NYSE Circle shares slid on Tuesday after the U.S. House of Representatives failed to clear a key procedural hurdle that would have teed up votes on long-awaited crypto-related bills. The move dealt a major setback…
The Pentagon is taking immediate action to boost critical mineral production in the U.S. and counter China’s dominance of the supply chain for rare earth magnets, a defense official told CNBC on Tuesday. The Defense Department last week agreed to buy a direct equity stake in MP Materials, which will make the U.S. government the…
