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Marvell stock slumps 16% after data center revenue, forecast disappoint

by CNBC Markets | August 29, 2025 8:14 pm | US Markets

Marvell stock sunk after the artificial intelligence chipmaker gave weak guidance for the fiscal third quarter.

Core inflation rose to 2.9% in July, highest since February

by CNBC Markets | August 29, 2025 7:09 pm | US Markets

The personal consumption expenditures price index was expected to show core inflation at 2.9% and headline inflation at 2.6%.

Trump asks judge to allow Lisa Cook firing without delay; Fed seeks only ‘prompt ruling’

by CNBC Markets | August 29, 2025 7:09 pm | US Markets

A court hearing could end with Fed Governor Lisa Cook remaining on the job while her lawsuit challenging her firing by President Donald Trump plays out.

Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe

by CNBC Markets | August 29, 2025 7:09 pm | US Markets

The de minimis exemption, an obscure trade law provision, came to an end globally on Friday, setting off a panic across the retail industry.

Core inflation rate rose to 2.9% in July, as expected, key Fed measure shows

by CNBC Markets | August 29, 2025 6:14 pm | US Markets

The personal consumption expenditures price index was expected to show core inflation at 2.9% and headline inflation at 2.6%.

Fed’s Waller, a candidate for chair, sees potential for half-point cut if labor market weakens further

by CNBC Markets | August 29, 2025 6:13 pm | US Markets

Waller said he believes the Fed can use its power over rates to stave off further labor market weakening. “So, let’s get on with it,” he said.

Stock futures are little changed after S&P 500’s record high, inflation data looms: Live updates

by CNBC Markets | August 29, 2025 12:14 pm | US Markets

The broad market index hit a record intraday high on Thursday.

Trump housing director Pulte lodges new criminal referral for Fed Governor Lisa Cook

by CNBC Markets | August 29, 2025 9:11 am | US Markets

President Donald Trump is seeking to fire Fed Governor Lisa Cook from the board of the central bank.

Trump housing director Pulte lodges new criminal referral for Lisa Cook

by CNBC Markets | August 29, 2025 8:14 am | US Markets

President Donald Trump is seeking to fire Fed Governor Lisa Cook from the board of the central bank.

Feds charge ‘Subway’ sandwich tosser with misdemeanor after grand jury balks at felony indictment

by CNBC Markets | August 29, 2025 5:04 am | US Markets

Federal prosecutors in Washington, D.C., failed to convince a grand jury to indict Sean Charles Dunn for a felony in the sandwich tossing caper.

Tesla FSD turns off more U.S. consumers than its attracts, survey finds

by CNBC Markets | August 29, 2025 4:04 am | US Markets

Despite Elon Musk’s exhaustive promotion of Tesla’s FSD technology, U.S. consumers don’t seem to want it.

Dell shares fall on soft third-quarter earnings outlook

by CNBC Markets | August 29, 2025 2:04 am | US Markets

Dell said it now plans to ship $20 billion of AI servers in its fiscal 2026, double what it sold last year.

Lisa Cook hints ‘clerical error’ to blame for any mortgage application discrepancy

by CNBC Markets | August 29, 2025 1:05 am | US Markets

The document calls the fraud allegation “unsubstantiated and unproven” but does not go into detail about why that is the case.

Trump railroad regulator was fired by White House after Amtrak Acela unveiling

by CNBC Markets | August 29, 2025 1:05 am | US Markets

“I was just as surprised as anyone,” the former board member, Robert Primus, said in an interview with CNBC’s Eamon Javers.

The vaccine and public health debate at the center of CDC upheaval, explained

by CNBC Markets | August 29, 2025 1:05 am | US Markets

The White House on Thursday said President Donald Trump had fired CDC Director Susan Monarez after she refused to resign.

Nvidia’s top two mystery customers made up 39% of the chipmaker’s Q2 revenue

by CNBC Markets | August 29, 2025 1:04 am | US Markets

Nvidia’s top two customers making up 39% of its total revenue is renewing concern about the risk of the chipmakers clientele concentration.

Intel gets $5.7 billion from Trump deal as White House says details are ‘being ironed out’

by CNBC Markets | August 29, 2025 1:04 am | US Markets

White House press secretary Karoline Leavitt said the Intel deal is still “being ironed out by the Department of Commerce.”

Microsoft starts testing AI model that could escalate competition with OpenAI

by CNBC Markets | August 29, 2025 1:04 am | US Markets

Microsoft wants to depend more on its own internally built artificial intelligence models for Copilot, which is available in Bing and Windows 11.

Lisa Cook’s lawsuit against Trump skirts mortgage fraud allegation

by CNBC Markets | August 29, 2025 12:09 am | US Markets

The document calls the fraud allegation “unsubstantiated and unproven” but does not go into detail about why that is the case.

Pure Storage stock soars more than 30% to record as Meta deal bolsters results, outlook

by CNBC Markets | August 28, 2025 11:11 pm | US Markets

Shares of Pure Storage had their best day ever and headed for a record after the company reported better than expected results and lifted its guidance.
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