Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Spencer Platt | Getty Images Stock market corrections are common First, there is some consolation for investors. Though they may feel painful, stock market corrections are fairly common. There have been 27 market corrections since November 1974, including last…
U.S. President Donald Trump delivers remarks with Defense Secretary Pete Hegseth (not pictured) in the Oval Office at the White House, in Washington, D.C., U.S., March 21, 2025. Carlos Barria | Reuters President Donald Trump said Friday that the Small Business Administration, instead of the U.S. Department of Education, would handle the country’s federal student…
Chicago Federal Reserve President Austan Goolsbee said Friday he still sees interest rate cuts in the cards though risks are rising to that outlook. Speaking two days after he and his colleagues again voted to keep short-term rates steady, Goolsbee told CNBC that he’s been hearing more concerns from businesses in his region about the…
Signage outside the Micron offices in San Jose, California, on Dec. 17, 2024. David Paul Morris | Bloomberg | Getty Images Micron shares popped 6% in extended trading Thursday after the company reported second-quarter results that beat analysts’ estimates and offered better-than-expected guidance. Here’s how the company did: Earnings per share: $1.56, adjusted vs. $1.42…
Outside the Macclesfield factory of AstraZeneca. Christopher Furlong | Getty Images News | Getty Images British pharmaceutical giant AstraZeneca on Friday said that it will invest $2.5 billion in a research and development center in Chinese capital Beijing. The new hub is expected to take AstraZeneca’s Beijing workforce to around 1,700 employees. Don’t miss AstraZeneca’s CEO…
In an interview with CNBC’s Jim Cramer, Nvidia CEO Jensen Huang and Cisco CEO Chuck Robbins described a fervor from world leaders to compete in the race for dominance in the burgeoning artificial intelligence sphere. “In no initiative and no foundational technology that I’ve ever known since the internet has the world and the leaders…
The U.S. Department of Education is seen on March 20, 2025 in Washington, DC. U.S. President Donald Trump is preparing to sign an executive order to abolish the Department of Education. Win Mcnamee | Getty Images News | Getty Images President Donald Trump signed an executive order on Thursday aimed at dismantling the U.S. Department…
U.S. President Donald Trump speaks during the signing event for an executive order to shut down the Department of Education, in the East Room at the White House in Washington, D.C., U.S., March 20, 2025. Carlos Barria | Reuters President Donald Trump on Thursday signed an executive order to increase domestic production of critical minerals,…
A plane taking off from Heathrow Airport in the United Kingdom. Tim Ireland | Xinhua | Getty Images Britain’s Heathrow Airport closed on Friday after a fire at a nearby electrical substation caused a power outage, airport officials said. “Heathrow is experiencing a significant power outage across the airport due to a large fire at…
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Elon Musk received a court summons last week in connection…
