Guvendemir | E+ | Getty Images A wave of defense tech startups in Silicon Valley is drawing billions in funding and reshaping America’s national security. Anduril Industries, recently valued at $30.5 billion following its latest funding round, is among the so-called “neoprimes” — companies challenging the dominance of legacy contractors, dubbed “primes,” such as Lockheed Martin, Northrop…
LONDON — European stocks opened higher on Thursday, building on positive momentum in the previous session. The pan-European Stoxx 600 was 0.5% higher by 9 a.m. in London (4 a.m. ET), with most sectors trading in positive territory. Autos and technology stocks led gains, with their respective indexes each trading around 2% higher. Shares of…
The U.S. government officially shut down on Oct. 1 as Congressional leaders failed to reach an agreement on short-term funding after the end of September, which means many “nonessential” federally funded agencies and programs will stop work and furlough employees until an agreement is reached. The Department of Education will furlough roughly 87% of its…
VIDEO ID CNBC’s Jim Cramer on Wednesday said that while headlines continue to swirl around the government shutdown, investors should be paying closer attention to the story the market just finished telling. However, he cautioned that the biggest gains of the year may have passed. “You can tell an awful lot about a market by…
Gold prices rose to record highs as a U.S. government shutdown began on Wednesday. Chris Mcgrath | Getty Images News | Getty Images Gold prices soared to new highs on Wednesday, as the U.S. government entered its first shutdown in almost seven years after lawmakers failed to reach a deal on government funding. While the…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Immigration anxieties and a challenging job market have sparked an online backlash over China’s latest attempt at attracting global talent — a new visa program…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch There is an old British saying about buses: you wait ages for one and then two arrive at once. Pharmaceuticals analysts experienced something similar on Monday as the big two U.K. drugmakers — GSK and AstraZeneca —…
DeMar DeRozan #10 of the Sacramento Kings is defended by Jose Alvarado #15 of the New Orleans Pelicans during the second half of a game at the Smoothie King Center on February 12, 2025 in New Orleans, Louisiana. Derick E. Hingle | Getty Images Basketball fans watching on Prime Video this season will be able…
President Donald Trump on Tuesday will announce an agreement with Pfizer to voluntarily sell its medications for less, as his administration pushes to link U.S. drug prices to cheaper ones abroad. Trump will announce a drug pricing deal with Pfizer at 11 a.m. ET, a White House official told CNBC’s Eamon Javers. Pfizer CEO Albert…
A specialist trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 15, 2025. Brendan McDermid | Reuters LONDON — European stocks are expected to open in mixed territory on Tuesday as investors keep an eye on U.S. President Donald Trump’s trade tariffs and more political deadlock…
