U.S. Supreme Court Police stand behind security barriers in front of the Court building, which is obscured in construction scaffolding, on the first day of the Court’s new term on October 06, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesThe Supreme Court on Wednesday morning will hear oral arguments to decide the fate of the cornerstone of President Donald Trump’s aggressive trade policy: Broad and sometimes high tariffs against most of the world’s nations.Lower federal courts have ruled that Trump lacked the legal authority he cited under the International Emergency Economic Powers Act to impose the so-called reciprocal tariffs…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailNick Daniels, National Air Traffic Controllers Association president, joins ‘Squawk Box’ to discuss impact of the ongoing government shutdown on air traffic controllers, whether air travel remains safe, potential impact on the upcoming holiday season, and more. Source link
Rick Smith, CEO of Axon Enterprises.Adam Jeffery | CNBCAxon Enterprise’s stock plummeted 17% after the TASER maker missed Wall Street’s third-quarter profit expectations as it grapples with tariff constraints.Adjusted earnings totaled $1.17 per share adj., falling short of a $1.52 per share forecast from LSEG. Adjusted gross margins fell 50 basis points from a year ago to 62.7%, which Axon attributed to tariff impacts.Axon’s connected devices business, which includes its TASER and counter drone equipment, felt the biggest pinch during the first full quarter with tariffs. The business segment accounted for over $405 million in revenues, increasing 24% year over…
Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | ReutersDigital assets and infrastructure company Ripple said Wednesday it has raised $500 million in funding, lifting its valuation to $40 billion.The fundraise comes after a slew of acquisitions and as the company expands its product base beyond just payments.Crypto and digital asset companies are trying to take advantage of what is seen by the industry as a more favorable environment in the U.S. after the election of President Donald Trump and the passing of a landmark stablecoin…
Chinese electric car company Xpeng announced on Nov. 5, 2025, it is releasing a new version of its driver-assist system.CNBC | Evelyn ChengGuangzhou, CHINA — Chinese electric car company Xpeng announced Wednesday that by the first quarter of 2026, it will start rolling out a new driver-assist system for navigating narrow roads.Xpeng claimed the new system enables cars to drive themselves smoothly through tight streets — which it played up as better for the European market — and significantly reduces the need for human intervention. The Chinese company said that German automaker Volkswagen will be its first client as Xpeng…
Pekic | E+ | Getty ImagesThe stock market’s impressive run in recent years may be fattening your portfolio, but it also might have thrown your intended investment mix off balance.While artificial intelligence stock valuations spurred a market decline on Tuesday, the major indexes are still well up this year, propelled both by AI-related and big technology stocks. Through Tuesday’s close, the S&P index is up about 15.1%. Both the Dow and the Nasdaq have also posted double-digit gains for the year of roughly 10.6% and 20.9%, respectively.Those jumps come on the heels of outsized returns in 2023 and 2024. In…
On the streets of Rio de Janeiro, it’s not hard to spot the latest sign of China’s growing global auto ambitions. Electric vehicles from Chinese brands like BYD and Great Wall Motor have been flowing in. “There are a lot of Chinese cars on the streets,” said EV owner Sérgio Ramalho. Brazil has become the newest frontier for China’s electric vehicle boom. The country imported about 138,000 electric and hybrid vehicles from China in 2024, nearly 100,000 more than the year before, according to Brazilian customs data.Chinese automakers, who are blocked from the U.S. market, have turned their focus toward emerging…
NVIDIA CEO Jensen Huang speaks during the Live Keynote Pregame during the Nvidia GTC (GPU Technology Conference) in Washington, DC, on Oct. 28, 2025. Jim Watson | AFP | Getty Images The euphoria around artificial intelligence is colliding with the limits of reality, and cracks are emerging.Last night, tech giants like AMD smashed expectations on AI chip demand, and Palantir reported another quarter of strong growth. Yet the Nasdaq fell, revealing Wall Street’s playlist is stuck on one track: AI mania.Palantir — the poster child of that obsession — plunged nearly 8% despite its blowout quarter, while Oracle dropped almost…
Check out the companies making headlines before the bell. Advanced Micro Devices — The semiconductor maker fell 5% after sharing adjusted margin guidance for its current quarter that was in line with estimates. However, Advanced Micro Devices beat expectations for both its third-quarter earnings and revenue . McDonald’s — Shares slipped 1% after the fast-food chain posted third-quarter adjusted earnings of $3.22 per share, missing the $3.33 analysts polled by LSEG had expected. The company’s $7.08 billion revenue also came below the consensus forecast $7.1 billion. Arista Networks — The cloud networking company plunged 11% after saying that it sees…
Homes in Hercules, California, US, on Tuesday, March 25, 2025.David Paul Morris | Bloomberg | Getty ImagesLast week saw a big swing in mortgage interest rates, and that took a toll on demand. Total mortgage application volume fell 1.9% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.For the week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.31% from 6.30% for loans with a 20% down payment. That was the weekly average, but rates actually fell to the lowest level in over a year…
