Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld 2018 conference in San Francisco, California, U.S., on Monday, Oct. 22, 2018. David Paul Morris | Bloomberg | Getty Images Oracle engineers mistakenly triggered a five-day software outage at a number of Community Health Systems hospitals, causing the facilities to temporarily…
A sign for Deutsche Bank AG at a bank branch in the financial district of Frankfurt, Germany, on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty Images Germany’s largest lender Deutsche Bank on Tuesday posted higher-than-expected first-quarter profit as lenders in Europe’s largest economy navigate broader market turbulence instigated by U.S. tariff policies. Net…
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 9, 2025. Steve Nesius | Reuters Amazon on Monday launched the first batch…
CNBC’s Jim Cramer thinks there could be too much pessimism floating around Wall Street. He explained on Monday that a continuation of strong job growth, among other things, may stave off a recession this year. “Will the tariffs hurt? Yes. Will prices go higher? Yes. Could there be shortages? Absolutely,” he said. “But recessions revolve…
U.S. President Donald Trump looks on, as he signs executive orders in the Oval Office at the White House in Washington, D.C., U.S., April 23, 2025. Leah Millis | Reuters The Trump administration has dismissed the federal government’s lawsuit against National Collegiate Student Loan Trusts, abandoning a $2.25 million proposed settlement that could have gone…
Elon Musk may skirt more than $2 billion in possible financial liabilities by exercising his influence over the federal government, according to a report Monday from Senate Democratic committee staffers. Musk’s “Department of Government Efficiency” has brought sweeping changes to Washington with its slash-and-burn campaign to gut agencies and purge the federal workforce. President Donald…
The Washington Post | The Washington Post | Getty Images The economic impact of the tariffs imposed by the Trump administration will soon become apparent to everyday Americans and lead to a recession this summer, according to Apollo Global Management. Torsten Slok, chief economist at Apollo, laid out a timeline in a presentation for clients…
Arvind Krishna, chief executive officer of International Business Machines Corp. (IBM), during a Bloomberg Television interview at the World Governments Summit in Dubai, United Arab Emirates, on Tuesday, Feb. 11, 2025. Christopher Pike | Bloomberg | Getty Images IBM on Monday announced it will invest $150 billion in the U.S. over the next five years,…
U.S. President Donald Trump is displayed on a television screen as traders work on the floor of the New York Stock Exchange (NYSE) on April 7, 2025 in New York City. Spencer Platt | Getty Images President Donald Trump’s first 100 days in office are the worst for the stock market for the start of…
Treasury Secretary Scott Bessent on Monday put the responsibility for reaching a trade agreement on China. “I believe that it’s up to China to de-escalate, because they sell five times more to us than we sell to them, and so these 120%, 145% tariffs are unsustainable,” Bessent said during an interview on CNBC’s “Squawk Box.”…
