Apple taps John Ternus as CEO to replace Tim Cook, who will become chairman
Apple said on Monday that John Ternus is succeeding Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1.
Tariff refunds begin on Monday. These retailers are due big paydays
U.S. importers, such as Walmart and Target, could be in line for billions in tariff refunds as the government launches its claims-filing portal on Monday.
Labor Secretary Lori Chavez-DeRemer leaves Trump cabinet, Keith Sonderling takes over
Department of Labor Secretary Lori Chavez-DeRemer is resigning from the Trump administration, the White House said.
Amazon to invest up to another $25 billion in Anthropic as part of AI infrastructure deal
Amazon is boosting its investment in Anthropic, which is committing to spending over $100 billion on Amazon cloud services over the next decade.
Chair nominee Kevin Warsh says Fed must ‘stay in its lane’ to maintain independence
Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market.
Trump threatens Iran again as ceasefire deadline looms, U.S. gears up for peace talks
Trump reportedly said Sunday that if Iran doesn't sign a deal, "the whole country is going to get blown up," with its bridges and power plants being targeted.
Marvell pops on report it will help Google with custom AI chips. Broadcom shares sink
Marvell saw a $2 billion investment from Nvidia in March, as AI demand continues to surge.
Amazon 'strong-armed' Levi's, Hanes to hike prices on rival sites, California DA says
Amazon allegedly coerced major vendors into convincing rival retailers like Walmart, Target and Home Depot to raise prices
Kash Patel sues The Atlantic for $250 million over alcohol abuse claims
The Atlantic article said FBI Director Kash Patel "has alarmed colleagues with episodes of excessive drinking and unexplained absences."
Kevin Warsh would be the first tech bro Fed chair. How Silicon Valley shaped him
The nominee to lead the Fed is an AI optimist who counts tech titans Peter Thiel and Marc Andreessen among his friends.
Investors are misreading news about the Iran war, analysts say as markets whipsaw
Monday's declines put the brakes on another rapid recovery in global stock indexes akin to last year's 'liberation day' bounce.
Strait of Hormuz ship traffic briefly rose and then slowed after weekend attacks
Commercial ships remain cautious about transiting the strait as tensions escalate between the U.S. and Iran again.
Hormuz disruptions hit China’s Christmas capital — and holiday spending
Manufacturers told CNBC that shoppers will likely have to pay higher prices to match rising costs of plastic and other materials.
Oil prices jump after Iran and U.S. attack commercial ships as tensions escalate over Strait of Hormuz
Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.
A rare disease left her partially paralyzed, now she's running the Boston Marathon
After a rare disease diagnosis left her partially paralyzed, Marion Jones worked her way back from being reliant on a wheelchair to running marathons.
Sandwich chain Jersey Mike's confidentially files for IPO
Blackstone bought a majority stake in the sandwich chain in 2024 in a deal that valued the company at roughly $8 billion.
Eli Lilly taps into its GLP-1 windfall, while Honeywell sheds a lower-margin unit
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Eric Swalwell resignation over sexual misconduct prompts rare House Ethics panel comments
Ethics issues have roiled Congress in recent months, as allegations against Reps. Eric Swalwell and Tony Gonzales led to both members resigning last week.
Rivian's factory damaged by tornado amid crucial R2 EV launch
Retirement savings for caregivers a focus of new bipartisan bills in Congress
The two proposals would change some retirement account contribution rules for caregivers in an effort to help them save more for their golden years.
Eli Lilly agrees to acquire cancer drug maker Kelonia in deal worth up to $7 billion
Kelonia is developing technology to reprogram patients' T-cells inside the body so those cells can attack cancer, called in vivo CAR-T.
American Airlines falls after company dismisses talk of United megamerger
American Airlines stock fell after the company dismissed talk of a potential merger with United, citing antitrust concerns and potential harm to competition.
Japan's Mitsubishi Heavy Industries sees shares jump nearly 4% on first ever warship export deal
This will be Japan's first ever warship export project, and the first ship is scheduled to be delivered to the Royal Australian Navy in 2029.
USA Rare Earth to buy Brazil's Serra Verde for $2.8 billion to build supply outside Asia
USA Rare Earth on Monday announced plans to buy Brazilian rare earths miner Serra Verde in a deal worth $2.8 billion in cash and shares.