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These biotech stocks will benefit as generative AI speeds up drug discovery, Jefferies says

by CNBC Markets | May 28, 2025 11:02 pm | US Markets

The adoption of generative AI in drug discovery will save companies years and billions of dollars in getting new drugs to market, the firm said.

Just graduated from college? It’s time to start saving for retirement. Seriously

by CNBC Markets | May 28, 2025 11:02 pm | US Markets

New college graduates may not have much if any savings, but there is no time to waste in starting to think about investing for retirement.

Stocks tick lower as traders await Nvidia earnings: Live updates

by CNBC Markets | May 28, 2025 10:05 pm | US Markets

Investors parsed the latest earnings reports while awaiting Federal Reserve meeting minutes and Nvidia’s quarterly figures.

Nvidia reports first-quarter earnings after the bell

by CNBC Markets | May 28, 2025 10:04 pm | US Markets

There’s one big question on many investor minds during this earnings call: China.

Vince McMahon sex trafficking case co-defendant John Laurinaitis agrees to help accuser

by CNBC Markets | May 28, 2025 10:04 pm | US Markets

The moves comes three weeks after Janel Grant filed an amended lawsuit against wrestling mogul Vince McMahon, WWE and John Laurinaitis.

Abercrombie & Fitch soars 25% even as retailer slashes profit outlook due to tariffs

by CNBC Markets | May 28, 2025 6:06 pm | US Markets

Abercrombie & Fitch’s growth is slowing at its namesake brand and the company is expecting tariffs to reduce its earnings by $50 million.

Elon Musk says Trump’s spending bill undermines the work DOGE has been doing

by CNBC Markets | May 28, 2025 6:06 pm | US Markets

Musk criticized the Republican spending bill that recently made it through a House vote.

Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty

by CNBC Markets | May 28, 2025 6:06 pm | US Markets

Company sources said Toyota plans to increase PHEVs from 2.4% last year to roughly 20% of its U.S. sales volume by 2030.

Macy’s cuts profit outlook as tariffs, promotions hit its business

by CNBC Markets | May 28, 2025 5:10 pm | US Markets

Macy’s beat earnings estimates for the first quarter, but cut its 2025 profit outlook as tariffs complicate its turnaround strategy.

Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming

by CNBC Markets | May 28, 2025 5:10 pm | US Markets

Dick’s Sporting Goods reaffirmed its sales and profit guidance for fiscal 2025 and said the figures take into account all current tariffs in effect.

Mortgage rates rose to the highest level since January, but demand from homebuyers still grew. Here’s why.

by CNBC Markets | May 28, 2025 5:10 pm | US Markets

Mortgage rates rose to the highest level since January last week, and mortgage demand from homebuyers still rose slightly. Here’s why.

Stock futures are little changed as investors brace for Nvidia earnings: Live updates

by CNBC Markets | May 28, 2025 3:09 pm | US Markets

Investor attention will turn to the AI chipmaker as it navigates China restrictions, amid strong demand for its graphics processors.

Auto giant Stellantis appoints Antonio Filosa as new CEO

by CNBC Markets | May 28, 2025 1:05 pm | US Markets

Auto giant Stellantis on Wednesday appointed North American boss Antonio Filosa as its new chief executive.

SpaceX’s Starship explodes for third time in a row, Musk promises more frequent launches

by CNBC Markets | May 28, 2025 11:06 am | US Markets

SpaceX’s Starship system exploded on Tuesday in a test flight, the third consecutive setback for the rocket company.

Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says

by CNBC Markets | May 28, 2025 11:06 am | US Markets

A district court judge in Washington, D.C., said on Tuesday that Elon Musk has an expansive role in the federal government.

Trump to pardon reality TV stars Todd and Julie Chrisley, convicted of fraud and tax evasion

by CNBC Markets | May 28, 2025 5:03 am | US Markets

President Donald Trump has granted many high-profile pardons since returning to the White House, including for individuals convicted of white-collar crimes.

Circle IPO has peculiar Facebook-like characteristic

by CNBC Markets | May 28, 2025 4:04 am | US Markets

In its updated IPO prospectus on Tuesday, Circle indicated that most of the shares being sold are coming from existing stakeholders rather than the company.

All eyes on China restrictions as Nvidia gets set to report results

by CNBC Markets | May 27, 2025 11:05 pm | US Markets

Nvidia investors will want to hear how new U.S. government rules are impacting the still-meteoric growth of the AI chip business.

Walmart fined for shipping realistic toy guns to New York, violating state law

by CNBC Markets | May 27, 2025 11:05 pm | US Markets

The settlement comes a decade after Walmart, Amazon, and other retailers agreed to keep toy guns that resemble deadly weapons off their shelves in New York.

Trump threatens to withhold California’s federal funding over transgender athlete

by CNBC Markets | May 27, 2025 11:05 pm | US Markets

Trump’s post targeting California and Gov. Gavin Newsom over a trans athlete comes as he threatens to cancel federal funds over conduct he opposes.
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