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Peter Thiel’s Founders Fund closes $4.6 billion growth fund

by CNBC Markets | April 12, 2025 6:04 am | US Markets

Founders Fund said in a filing with the SEC on Friday that it has closed a $4.6 billion late-stage venture fund.

Meta adds former Trump advisor to its board

by CNBC Markets | April 12, 2025 5:04 am | US Markets

Dina Powell McCormick’s husband is a Republican senator who received Trump’s endorsement, and she served in Trump’s first administration.

Ex-OpenAI staffers support Musk’s case against startup’s effort to transform into for-profit company

by CNBC Markets | April 12, 2025 4:04 am | US Markets

A group of former OpenAI employees is backing Elon Musk’s argument that the artificial intelligence startup should not become a for-profit company.

DOJ fires longtime spokesman who worked on Trump investigations

by CNBC Markets | April 12, 2025 3:04 am | US Markets

Robert Mueller and Jack Smith investigated Trump for the DOJ on questions of obstruction of justice, election interference and retention of classified records.

Judge permits Trump administration to deport Columbia student Mahmoud Khalil

by CNBC Markets | April 12, 2025 3:04 am | US Markets

Khalil, 30, was the first international student arrested in recent weeks amid an unprecedented crackdown by federal immigration authorities.

Luigi Mangione defense asks judge to block death penalty in CEO murder case

by CNBC Markets | April 12, 2025 2:05 am | US Markets

Mangione is charged with fatally shooting UnitedHealthcare CEO Brian Thompson on a New York City street in December.

Earnings season ramps up next week with no certainty for Wall Street on trade

by CNBC Markets | April 12, 2025 1:04 am | US Markets

Investors have no clarity yet on what will happen with global trade at a time when companies are expected to give guidance on future earnings growth.

Mortgage rates surge over 7% as tariffs hit bond market

by CNBC Markets | April 12, 2025 12:04 am | US Markets

Mortgage rates surged over 7% to end the week, after massive volatility in bond markets surrounding President Donald Trump’s tariff agenda.

GM cutting jobs, idling Canadian electric van plant due to ‘market demand’

by CNBC Markets | April 12, 2025 12:04 am | US Markets

General Motors is cutting production of its all-electric delivery vans at a plant in Canada ahead of idling the facility through much of this year.

Dow jumps 400 points in another volatile session on Wall Street: Live updates

by CNBC Markets | April 11, 2025 11:04 pm | US Markets

Investors remain concerned about the cumulative U.S. tariff rate on China, even after Trump’s pause on tariffs for several other countries.

10-year Treasury yield tops 4.5% after surge this week that’s worrying Wall Street and the White House

by CNBC Markets | April 11, 2025 11:04 pm | US Markets

The 10-year Treasury yield was higher on Friday as the bond market sell-off resumed, influenced by U.S. President Donald Trump’s fast-changing tariff policies.

Senate Democrats ask SEC to probe Trump and others for potential market manipulation in tariff pause

by CNBC Markets | April 11, 2025 9:04 pm | US Markets

The request comes as stock markets are experiencing high volatility as a result of Trump’s tariff policy.

How the IRS layoffs could affect audits and refunds during tax filing season

by CNBC Markets | April 11, 2025 9:04 pm | US Markets

Thousands of IRS employees have lost their jobs as part of DOGE’s spending cuts, and the layoffs could affect essential agency functions during tax season.

Trump’s pharmaceutical tariffs could raise costs for patients, worsen drug shortages

by CNBC Markets | April 11, 2025 9:04 pm | US Markets

It’s unclear whether tariffs will influence more companies to make more drugs in the U.S. like President Donald Trump is hoping for, some experts said.

Trump advisor Peter Navarro hypes stocks a day after calling tariff-driven plunge ‘no big deal’

by CNBC Markets | April 11, 2025 8:04 pm | US Markets

The S&P 500 is down more than 12% since President Donald Trump reentered the White House and launched a trade war with China.

Consumer sentiment tumbles in April as inflation fears spike, University of Michigan survey shows

by CNBC Markets | April 11, 2025 8:04 pm | US Markets

Frontier Airlines cuts flights after travel demand fell in March

by CNBC Markets | April 11, 2025 7:04 pm | US Markets

Frontier follows Delta in pulling its 2025 full-year forecast due to economic uncertainty.

Wholesale prices unexpectedly fell 0.4% in March, showing easing inflation backdrop ahead of tariffs

by CNBC Markets | April 11, 2025 7:04 pm | US Markets

The producer price index, considered a leading indicator for pipeline inflation pressures, declined a seasonally adjusted 0.4% for the month.

Fed’s Kashkari says rising bond yields, falling dollar show investors are moving on from the U.S.

by CNBC Markets | April 11, 2025 7:04 pm | US Markets

The trends are running counter to what you might normally see, the central bank official told CNBC.

JPMorgan Chase tops quarterly expectations as Dimon says U.S. economy faces ‘considerable turbulence’

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

While JPMorgan CEO Jamie Dimon touted his company’s solid results in the quarter, he also struck a note of caution on the broader economy.
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