Tesla shares tumble after Trump says DOGE should look at Elon Musk's subsidies
Musk, who supported Trump's campaign and also served as an adviser to the White House, has criticized the tax and spending bill the president is pushing.
Senate votes on amendments to Trump's 'big, beautiful bill' stretch late into the night
Senators were ready to work through the night on amendments to President Donald Trump's "big, beautiful" spending bill. A final vote could come Tuesday.
Jewelry sales outperform as U.S. spending for most luxury goods falters, Citi report finds
Luxury spending decreased less than feared in May, but it's too early to say that upper-income consumers have reached a turning point.
Elon Musk's xAI raises $10 billion in debt and equity as it steps up challenge to OpenAI
The funding will go towards xAI's efforts to build out its AI infrastructure and develop its Grok chatbot.
Banks say Trump’s ‘big beautiful bill’ could boost the U.S. economy – despite deficit concerns
In a letter Sunday, the American Bankers Association said it "strongly supports" many provisions within the bill for the "much needed tax relief" they offer.
Trump rips AT&T service weeks after Trump Mobile licensing deal announced
President Donald Trump criticized AT&T two weeks after the Trump Organization announced a wireless mobile licensing deal, Trump Mobile.
Stablecoin issuer Circle applies for a national bank charter
Circle Internet Group, which debuted on the New York Stock Exchange earlier this month, has applied for a bank charter.
Trump administration probe finds Harvard violated civil rights of Jewish students
A federal civil rights probe found a "pattern of unlawful and unchecked discrimination" at Harvard.
'Big beautiful bill' mostly benefits the rich, while low earners would suffer from Medicaid and SNAP cuts, Yale report says
Senate Republicans are trying to pass legislation that would raise incomes for wealthier households and reduce them for low-income families, a report found.
Joby Aviation stock pops 12% after company delivers first flying taxi to UAE
The electric vertical takeoff and landing company said Monday that it delivered its first aircraft to the United Arab Emirates.
Mark Zuckerberg announces creation of Meta Superintelligence Labs. Read the memo
Mark Zuckerberg said his company is creating Meta Superintelligence Labs, which will be led by some recent hires.
Web giant Cloudflare to block AI bots from scraping content by default
Starting Tuesday, every new web domain that signs up to Cloudflare will be given the option to allow — or block — AI crawlers.
Solar and wind industry faces up to $7 billion tax hike under Trump's big bill, trade group says
Republicans are racing to pass Trump's domestic spending legislation by a self-imposed Friday deadline.
Amazon CEO Jassy says AI will lead to 'fewer people doing some of the jobs' that get automated
Amazon CEO Andy Jassy said that while the company continues to hire for AI, some jobs will require fewer employees because of automation.
Market lessons from the first half of 2025 — and, stocks that look good going forward
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
China's Huawei open-sources AI models as it seeks adoption across the global AI market
Huawei has open-sourced more of its AI models. Tech experts say it'll help the U.S.-blacklisted company continue to expand throughout the AI ecosystem.
LGBTQ+ entrepreneurs starting businesses in record numbers
In the face of the backlash against diversity, equity and inclusion initiatives, LGBTQ+ small business owners remain resilient.
White House says Canada 'caved' to Trump over digital services tax
Canadian Prime Minister Mark Carney called President Donald Trump last night to let him know that he would drop the tax, the White House press secretary said.
Euro zone inflation edges higher, hitting ECB's 2% target in June
The closely watched services inflation print picked up to 3.3% in June, however.
NASA plans to stream rocket launches on Netflix starting this summer
NASA+ will begin streaming on Netflix this summer.
As nations build 'sovereign AI,' open-source models and cloud computing can help, experts say
Panelists at CNBC’s East Tech West 2025 in Thailand discussed how emerging nations can begin to build their own “sovereign AI."
China's June factory activity unexpectedly expands, private survey shows
The private survey appeared to diverge from the country's official PMI report, which showed manufacturing activity contracted for a third straight month in June.
Meta shares hit all-time high as Mark Zuckerberg goes on AI hiring blitz
Meta shares hit a record high on Monday, underscoring investor interest in the company's new AI superintelligence group.
Oracle stock jumps after $30 billion annual cloud deal revealed in filing
Oracle shares have jumped more than 33% this year, benefiting from cloud growth and the rise of artificial intelligence models.