Trump expected to sign executive order to reclassify marijuana as soon as Monday, source tells CNBC; pot stocks surge
Trump expected to sign executive order to reclassify marijuana as soon as Monday.

Trump expected to sign executive order to reclassify marijuana as soon as Monday.
Oracle pushed back against a report that said the company will complete data centers for OpenAI, one of its major customers, in 2028, rather than 2027.
Cheap land and and cheap energy are helping to fuel a boom in proposals to build data centers in Texas.
President Donald Trump executive order on a national artificial intelligence framework threatens funding for states that pursue AI laws deemed "onerous."
Disney Animation's "Zootopia 2" is set to cross the billion-dollar box-office mark on Friday, becoming the second Hollywood film to reach the benchmark in 2025.
Even with better-than-expected earnings and revenue, Broadcom slid on Friday as investors continued to grow concerned about the AI trade.
Hitting a massive jackpot is thrilling, but the choices you make right after the win can put your wealth at risk.
Weaker prices mean homeowners are starting to lose equity after several years of huge gains.
The lawsuit argues that President Trump was legally required to get federal approvals before demolishing the historic East Wing of the White House.
As consumers find their next grocery obsession in fiber, food and beverage companies are racing to keep up with the trend.
As OpenAI turns 10, the former nonprofit AI lab is at the center of a roughly $1.4 trillion bet on AI infrastructure.
A source told CNBC that Coinbase will soon unveil prediction markets, powered by Kalshi, underscoring the firm's push to fulfill its "everything exchange" vision.
Democrats on the House Oversight Committee released the photos to pressure the Trump administration to release files about Jeffrey Epstein.
Rivian impressed Wall Street with its plans for AI and automation, but significant challenges involving demand and capital remain for the EV maker.
Chicago Federal Reserve President Austan Goolsbee spoke Friday morning on CNBC.
Single-stock ETFs now have a total of around 377 U.S. products — 276 of which have launched in 2025, as of Dec. 9, according to Morningstar.
Oracle's lease commitments now total $248 billion, with $10 billion tied to cloud capacity.
"We make it easier to be a public company in America," House Financial Services Chairman French Hill, an Arkansas Republican, said during debate on the bill.
Spending on restaurant appetizers is booming during this period of food inflation as consumers find creative ways to cut back even as they continue to dine out.
With the S&P 500 Index concentrated in a handful of tech stocks, the equal-weight market approach is getting more attention in portfolio planning for 2026.
Health plans proposed by Senate Democrats and Republicans failed on Thursday, making it more likely enhanced ACA subsidies would expire at year end.
Consumers are turning to AI chatbots like ChatGPT for gift discovery, reviews and price matching, potentially driving billions in sales this holiday season.
President Trump's executive order, which limits the power of states in regulating AI, is a win for big tech companies that have lobbied for a federal standard.