US News

Tim Cook, CEO of Apple, during an event at Apple Park campus in Cupertino, California, Sept. 12, 2023. David Paul Morris | Bloomberg | Getty Images Apple is laying off 614 workers in California, according to a new state filing, the company’s first significant round of job cuts since the pandemic. The affected Apple employees

A render of Amazon’s 43-story office tower in Bellevue. Construction is expected to be complete by 2024. Amazon Amazon is resuming construction on a 42-story office tower in the Seattle suburb of Bellevue, the company said Thursday, after 22 floors of the building sat unfinished since 2022. The company in 2022 paused work on five

Pots of Activia yoghurt, manufactured by Danone SA, sit on display. Bloomberg | Getty Images The CEO of French consumer goods giant Danone downplayed the threat of obesity drugs on its food business, arguing that consumers were likely to turn to healthy products as part of their new weight loss regime. Antoine de Saint-Affrique said

The Apple Music application for download in the Apple App store. Gabby Jones | Bloomberg | Getty Images Apple on Wednesday said it had fixed an outage for its App Store on iOS and MacOS devices. The iPhone maker picked up 19% of revenue from its Services category, including some from the App Store, according

Jonathan Raa | Nurphoto | Getty Images Two Florida brothers pleaded guilty Wednesday in New York federal court to insider trading charges related to their purchase and sale of securities of the company that eventually merged with former President Donald Trump‘s social media firm. The brothers, Michael Shvartsman and Gerald Shvartsman, earned more than $22

Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Disney shareholders on Wednesday will settle a long-simmering proxy battle led by billionaire investor Nelson Peltz. Voters will decide whether the company’s board deserves another year together,

U.S. President Joe Biden tours the Intel Ocotillo Campus, in Chandler, Arizona, U.S., March 20, 2024.  Kevin Lamarque | Reuters Intel shares fell 4% at one point in extended trading on Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, commonly called the foundry business, in a SEC filing. Intel said its

The spring housing market is defying expectations that prices would cool and competition would ease. Higher mortgage rates usually cool both prices and demand, as they did last year, but that’s not the case now. There are still too few homes for sale because current homeowners can’t afford to move, and it’s keeping prices high.

The 10-year Treasury note yield rose slightly Tuesday, adding to its gains from the previous session, as traders reassessed the possibility of the Federal Reserve cutting rates in June. The benchmark rate was up 2 basis points at 4.349%. The 2-year Treasury note yield was flat at 4.712%. Yields and prices move in opposite directions

This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images The share price of Trump Media closed trading 21.47% lower on Monday, hours after the social media app

Macy’s hasn’t yet shut the approximately 150 stores it plans to close. But retail competitors already smell opportunity. In recent interviews with CNBC, Target CEO Brian Cornell and Kohl’s CEO Tom Kingsbury said the department store’s decision to shrink its footprint gives them a chance to increase their own sales. Off-price chain T.J. Maxx could

The 10-year U.S. Treasury yield rose slightly Monday, while the 2-year yield was marginally lower, as investors kicked off the second quarter and weighed the latest U.S. inflation data. The benchmark rate was trading around 4.208% at 6:34 a.m. ET. The yield on the 2-year Treasury note was 2 basis points lower at 4.599%. Yields

Harvard University’s Dunster House in Cambridge, Massachusetts. Blake Nissen for The Boston Globe via Getty Images March 28 is “Ivy Day,” when the nation’s top schools release long-awaited admissions decisions. A fascination with the eight private colleges that comprise the Ivy League spans decades. It is only now, some say, that students are taking a more

[The stream is slated to start at 8:15 a.m. ET. Please refresh the page if you do not see a player above at that time.] The Commerce Department on Friday will release the February reading for the personal consumption expenditures price index, which the Federal Reserve considers its most important inflation measure. CNBC TV will

Each year about 90% of world trade is transported by ship, according to the World Economic Forum. While commodities like oil and grain make up 40% of that cargo, large steel containers, filled with appliances, smartphones, and couches, make up the remainder. With its fleet of over 670 vessels, Maersk, one of the world’s largest

Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images News | Getty Images Tech giants aren’t doing much acquiring these days, due mostly to an unfavorable regulatory environment. But they’re finding other ways to spend billions of

A pedestrian passes an AT&T store in New York, U.S. Scott Mlyn | CNBC AT&T announced Saturday that it is investigating an incident two weeks ago that led to millions of customers’ data being published on the dark web, a portion of the Internet that can only be accessed using special software. The company has reset the

A Tesla car is driven past a store of the electric vehicle (EV) maker in Beijing, China January 4, 2024.  Florence Lo | Reuters It was a brutal first quarter for Tesla investors. Shares of the electric vehicle maker plunged 29% in the first three months of the year, the worst quarter for the stock