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Feds to seek indictment against former Trump advisor John Bolton on Thursday: reports

by CNBC Markets | October 16, 2025 10:19 pm | US Markets

FBI agents on Aug. 22 raided John Bolton’s Maryland home and office in Washington, D.C. as part of a criminal investigation.

Genentech to sell flu pill directly to some consumers at a discount as Trump pressures drugmakers

by CNBC Markets | October 16, 2025 10:19 pm | US Markets

The program will sell Xofluza through three pharmacies with a $50 cash pay option, which is 70% lower than the pill’s current list price before insurance.

Trump says he’s having ‘lengthy’ phone call with Putin

by CNBC Markets | October 16, 2025 10:18 pm | US Markets

President Donald Trump this week said that he is considering sending Tomahawk missiles to Ukraine to ratchet up pressure on Russia to end the war.

Trump needs to get involved to end government shutdown, Sen. Kelly says

by CNBC Markets | October 16, 2025 9:06 pm | US Markets

Democrats and Republicans in Congress remain divided over the question of whether a bill to end the shutdown should extend enhanced Obamacare tax credits.

Illinois Gov. Pritzker made $1.4 million gambling last year, tax filings show

by CNBC Markets | October 16, 2025 9:05 pm | US Markets

Pritzker has emerged as one of President Donald Trump’s highest-profile antagonists as the two clash over federal immigration operations in Illinois and more.

Uber will offer gig work like AI data labeling to drivers while not on the road

by CNBC Markets | October 16, 2025 9:05 pm | US Markets

Uber says it’s offering drivers ways to make money when not ferrying around passengers.

Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move

by CNBC Markets | October 16, 2025 8:09 pm | US Markets

The central bank policymaker indicated that he still expects his colleagues to vote for another quarter-point reduction.

Microsoft will test a Copilot AI feature that performs work on local files in Windows 11

by CNBC Markets | October 16, 2025 7:16 pm | US Markets

Early adopters will be able to tell Microsoft’s Copilot assistant to take action on files stored on their Windows 11 PCs.

TSMC profit surges 39% to beat estimates and hit yet another record on AI chip demand

by CNBC Markets | October 16, 2025 3:19 pm | US Markets

Taiwan Semiconductor Manufacturing Company reported a 39.1% increase in third-quarter profit, hitting a fresh record despite missing estimates.

Nestle jumps 8% after consumer goods giant announces plans to slash 16,000 jobs

by CNBC Markets | October 16, 2025 3:18 pm | US Markets

Nestle said Thursday it will cut 16,000 jobs as the firm’s new CEO Philipp Navratil looks to accelerate a turnaround at the consumer goods giant.

PayPal’s crypto partner mints a whopping $300 trillion stablecoins in ‘technical error’

by CNBC Markets | October 16, 2025 3:16 pm | US Markets

Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.” 

Chance of AI market correction is ‘pretty high,’ says ex-Meta exec Nick Clegg as he pushes back on superintelligence

by CNBC Markets | October 16, 2025 1:06 pm | US Markets

The AI boom has resulted in “unbelievable, crazy valuations,” Clegg said.

Thirsty AI mega projects raise alarm in some of Europe’s driest regions

by CNBC Markets | October 16, 2025 11:12 am | US Markets

Europe is planning to at least triple its data center capacity as part of a push to become a world-class AI hub.

HPE stock sinks 10% on weak guidance for fiscal 2026

by CNBC Markets | October 16, 2025 4:03 am | US Markets

Hewlett Packard Enterprise shares plunged in after-hours trading on Wednesday after the company issued disappointing guidance.

Apple wants more sports rights, change how broadcasts are done, Eddy Cue says

by CNBC Markets | October 16, 2025 3:04 am | US Markets

“We don’t have to do sports the way that they are. There’s plenty of people doing that,” Cue told CNBC’s Alex Sherman at the Autosport Business Exchange NYC.

Trump says he might attend Supreme Court tariff case arguments

by CNBC Markets | October 16, 2025 3:04 am | US Markets

President Donald Trump said he may go to the Supreme Court to hear oral arguments in the major tariffs case.

United Airlines’ summer earnings and profit outlook top estimates, but revenue falls short

by CNBC Markets | October 16, 2025 2:04 am | US Markets

United Airlines said it expects per-share adjusted earnings of $3 to $3.50 for the fourth quarter.

Small caps break out to a new high and may keep rallying heading into year-end

by CNBC Markets | October 16, 2025 2:04 am | US Markets

The Russell 2000 small cap index just hit a new all-time high on Wednesday, a good omen of what lies ahead.

Judge blocks Trump from firing federal workers during government shutdown for now

by CNBC Markets | October 16, 2025 1:04 am | US Markets

The Trump administration warned it would use the shutdown to shed federal jobs. President Trump said that the cuts were aimed at “Democrat agencies.”

Tariffs are pushing prices higher and consumers are feeling the hit, Fed’s Beige Book shows

by CNBC Markets | October 16, 2025 1:04 am | US Markets

Companies are caught between absorbing the costs or passing them onto customers, according to a Federal Reserve report.
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