Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Bloomberg | Bloomberg | Getty Images Elon Musk said a primary reason for merging SpaceX with his artificial intelligence startup, xAI, is to more effectively build “orbital data centers.”…
UAE National Security Advisor, Sheikh Tahnoon bin Zayed Al Nahyan meets with U.S. President Donald Trump in the White House on March 18, 2025. Courtesy: Donald J. Trump | Via Truth Social A government official and top royal from the United Arab Emirates purchased a $500 million stake in the Trump family’s cryptocurrency venture last…
The TikTok USDS (U.S. Data Security) logo appears on a smartphone screen in this illustration photo in Reno, United States, on Dec. 19, 2025. Jaque Silva | Nurphoto | Getty Images TikTok said Thursday that it formed a joint venture that will keep the video-sharing app operating in the United States. The short-form video company…
President Donald Trump sued JPMorgan Chase and its CEO, Jamie Dimon, on Thursday for closing his and related entities’ accounts in early 2021 after decades of being customers of the bank, allegedly for political reasons. The closures came on the heels of the Jan. 6, 2021, riot by Trump supporters at the U.S. Capitol, and…
Lisa Cook, governor of the US Federal Reserve, and U.S. President Donald Trump. Ting Shen | Bloomberg | Getty Images | Jonathan Ernst | Reuters The Supreme Court is set to hear oral arguments on Wednesday morning in a case over whether President Donald Trump has the power to fire Federal Reserve Gov. Lisa Cook…
After months of speculation and political intrigue, President Donald Trump is close to nominating the next chair of the Federal Reserve, Treasury Secretary Scott Bessent said Tuesday. The president has whittled down the field to four candidates to succeed current Chair Jerome Powell and a decision is forthcoming, Bessent told CNBC during an interview at…
Single-family homes in a residential neighborhood in Miramar, Florida, Oct. 27, 2022. Joe Raedle | Getty Images News | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment…
President Donald Trump‘s attack on Venezuela and threats to other countries, as well as concerns about affordability, exposed fractures within the congressional GOP this week at the start of a challenging midterm election year. Trump avoided defeat when most House Republicans declined to override the first of two vetoes of his presidency, which spiked a…
President Donald Trump speaks during a bill signing ceremony in the Oval Office of the White House, in Washington, Dec. 12, 2025. Francis Chung | Politico | Bloomberg | Getty Images President Donald Trump on Thursday said he is “instructing my Representatives” to buy $200 billion in mortgage bonds, claiming that doing so will drive…
Intel was once the world’s largest semiconductor company, but its market cap plummeted in recent years as the chipmaker fell behind Taiwan Semiconductor Manufacturing Co. and spent billions of dollars trying to catch up. Now, Intel has entered high-volume production of 18A, the new chip node it says will turn things around. The biggest problem?…
