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Trump officials Bessent and Greer to meet with Chinese counterparts on trade, economic issues

by CNBC Markets | May 7, 2025 5:04 am | US Markets

President Trump earlier in the day had downplayed tariff negotiations, saying at the White House, “We don’t have to sign deals.”

Trump officials to meet with Chinese counterparts on trade, economic matters

by CNBC Markets | May 7, 2025 4:01 am | US Markets

Announcement of the meetings came hours after President Trump downplayed tariff negotiations, saying, “We don’t have to sign deals.”

AMD beats on earnings but will take $1.5 billion hit to revenue from chip restrictions to China

by CNBC Markets | May 7, 2025 4:01 am | US Markets

AMD reported first fiscal-quarter earnings on Tuesday that topped expectations, and provided a strong guide for current-quarter revenue.

SpaceX gets FAA permission for fivefold increase in Starship launches from Texas

by CNBC Markets | May 7, 2025 4:01 am | US Markets

The Federal Aviation Administration has granted SpaceX permission to increase launches of its Starship rockets and Super Heavy boosters to 25 per year.

Super Micro issues weak guidance, cites ‘economic uncertainty and tariff impacts’

by CNBC Markets | May 7, 2025 3:04 am | US Markets

A week after issuing disappointing preliminary results, Super Micro said in its earnings release that it could see an impact from President Trump’s tariffs.

AMD earnings beat as overall sales surge 36%

by CNBC Markets | May 7, 2025 3:04 am | US Markets

AMD reported first fiscal-quarter earnings on Tuesday that topped expectations, and provided a strong guide for current-quarter revenue.

Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures

by CNBC Markets | May 7, 2025 2:04 am | US Markets

Rivian’s new guidance includes deliveries of between 40,000 units and 46,000 units and expenditures of between $1.8 billion and $1.9 billion.

The U.S. is the world’s largest propane exporter. Tariffs may affect the energy industry, but companies don’t seem concerned

by CNBC Markets | May 7, 2025 2:04 am | US Markets

The U.S. is a leading exporter of propane due to new demand from China. The country’s position is now in jeopardy as tariffs with China could prove costly.

Trump downplays tariff talks: ‘We don’t have to sign deals’

by CNBC Markets | May 7, 2025 1:04 am | US Markets

U.S. markets moved lower Tuesday after Trump’s comments on trade deals.

Nvidia CEO says being locked out of China AI market would be ‘tremendous loss’

by CNBC Markets | May 7, 2025 1:04 am | US Markets

Nvidia CEO Jensen Huang told CNBC on Tuesday that the China AI market will be worth about $50 billion and it would be a “tremendous loss” to be blocked.

The Fed meets with uncertainty permeating the air. Here’s what to expect

by CNBC Markets | May 7, 2025 1:04 am | US Markets

Central bank policymakers can do little for now except sit and wait as events unfold.

Trump downplays tariff deals as U.S. trade talks falter

by CNBC Markets | May 7, 2025 12:04 am | US Markets

U.S. markets moved lower Tuesday after Trump’s comments on trade deals.

Comcast’s cable spinoff to be named Versant, picked to emphasize corporate versatility

by CNBC Markets | May 7, 2025 12:04 am | US Markets

Comcast’s SpinCo, which will include cable networks USA, MSNBC, CNBC and E!, will be renamed Versant to emphasize corporate versatility and adaptability.

Luigi Mangione’s legal defense fund hits $1 million in donations

by CNBC Markets | May 7, 2025 12:04 am | US Markets

Organizers said the financial milestone came from over 28,000 donations, with a median contribution of $20.

Carney tells Trump: Canada ‘won’t be for sale ever’

by CNBC Markets | May 6, 2025 11:04 pm | US Markets

Carney’s first visit to the U.S. since his election comes as the U.S.-Canada trade relationship has been upended as a result of Trump’s tariffs.

Trump administration to garnish wages of 5.3 million defaulted student loan borrowers this summer

by CNBC Markets | May 6, 2025 11:04 pm | US Markets

The Trump administration is set to garnish the wages of the 5.3 million federal student loan borrowers in default in just a few months.

U.S. oil production has likely peaked and will start to decline due to price plunge, Diamondback CEO warns

by CNBC Markets | May 6, 2025 11:04 pm | US Markets

U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.

The $275 billion question: Who handles Berkshire’s stock portfolio after Warren Buffett

by CNBC Markets | May 6, 2025 11:04 pm | US Markets

It’s unclear if Berkshire’s equity portfolio will be managed entirely or partially by Greg Abel, currently the vice chairman of non-insurance operations.

Comcast’s Xfinity Mobile takes over naming rights of Philadelphia arena

by CNBC Markets | May 6, 2025 10:06 pm | US Markets

Comcast’s Xfinity Mobile will become the new name of the Wells Fargo Center in Philadelphia, which is home to the NHL’s Flyers and NBA’s 76ers.

Trump hosts Canada PM Carney as tariffs push alliance to lowest point in decades

by CNBC Markets | May 6, 2025 9:04 pm | US Markets

Carney’s first visit to the U.S. since his election comes as the U.S.-Canada trade relationship has been upended as a result of Trump’s tariffs.
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