Facebook and Instagram icons are seen displayed on an iPhone. Jakub Porzycki | Nurphoto | Getty Images The European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc’s digital competition laws. The European Commission, which is the executive body of the EU, said it was fining Apple…
The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England. Anna Barclay | Getty Images News | Getty Images BP shares jumped on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major,…
This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo. Drew Angerer | AFP | Getty Images Meta’s core online advertising business could take a $7 billion hit this year due to President Donald Trump’s tough China tariffs…
A forklift transports shipping containers among stacks of containers in Hamburg Port in Hamburg, Germany, April 15, 2025. Sean Gallup | Getty Images Tariff tax base is ‘a lot smaller’ than income tax Some policy experts have questioned how much revenue the duties could bring in, compared with the federal income tax. “The tariff tax…
Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery is taking a page out of Netflix’s playbook. In an apparent move to crack down on password sharing outside the home, the company’s streaming service Max has launched a new feature it is calling Extra Member Add-On. Similar to Netflix’s paid sharing model, the new…
CNBC’s Jim Cramer on Tuesday said that as stocks surged on the day, he’s looking for potential signs that the bear market rally becomes a genuine recovery in stock prices. With the major indices each closing over 2.5% higher on Tuesday, Cramer said he heard plenty of skepticism that the markets would continue soaring rather…
U.S. President Donald Trump speaks at the White House in Washington, D.C., U.S., April 22, 2025. Kevin Lamarque | Reuters President Donald Trump on Tuesday said he has “no intention” of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank ends next year. “None whatsoever,” Trump said in the Oval…
Sam Altman, CEO of OpenAI, at Station F, is seen through glass, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025. Aurelien Morissard | Via Reuters OpenAI’s Sam Altman is stepping down as chairman of the board of nuclear startup Oklo, after bringing the company public…
Treasury Secretary Scott Bessent told investors in a closed-door meeting Tuesday he expects “there will be a de-escalation” in President Donald Trump’s trade war with China in the “very near future,” a person in the room told CNBC. “The next steps with China are, no one thinks the current status quo is sustainable” with tariff…
Men work with a jet engine at General Electric (GE) Celma, GE’s aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil. YASUYOSHI CHIBA | AFP | Getty Images RTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump’s tariffs on imported goods and materials, the latest sign of…
