President Donald Trump’s new Press Secretary Karoline Leavitt is interviewed by FOX News on her first full day of work at the White House on January 21, 2025 in Washington, DC. Tuesday marks the first full day of Trump’s second term in the White House. Chip Somodevilla | Getty ImagesThe White House on Friday sought to blame former President Joe Biden for lower-than-expected U.S. job gains in January, using the new numbers to argue that President Donald Trump has inherited an ailing economy and temper expectations about inflation.The Labor Department’s latest monthly nonfarm payrolls report, which spanned the end of the…
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French prosecutors on have opened an investigation into Elon Musk’s X over allegations that it distorted its algorithms to manipulate discourse taking place on the social media platform.The Paris public prosecutor’s office said it received a report from a French lawmaker on Jan. 12 criticizing X over “biased algorithms” that were “likely to have distorted the operation of an automated data processing system.”Magistrates and specialized assistants of the office’s cybercrime section have been tasked with analyzing the report and carrying out initial technical checks on the platform, the prosecutor’s office told CNBC Friday, in emailed comments.CNBC has contacted X for comment.This is…
Tax season has officially started, so you should prepare to file your 2024 tax return, and prepare for the scammers who are already prowling. Don’t get baited and hooked.Many people are lax about protecting their personal information online, and there’s more reason than ever to be wary given widespread hacks such as the massive data breach of background check company National Public Data that exposed an estimated 2.9 billion records, including Social Security numbers.Protecting yourself is important for many reasons, including how time-consuming and difficult it can be to recover from tax-identity theft, said Andy Phillips, vice president of The…
Spring training is around the corner, and the free agent market has been stripped of its universal impact. What’s left — with very few exceptions — are players who would barely move the needle on one roster but fill a specific need on another. So, let’s find those guys some uniforms and get on with it. Here’s one remaining free agent for every major league team. Arizona DiamondbacksKenley Jansen, RHPA few days ago, we might have paired the D-Backs with a right-handed bat, but they just filled that need by re-signing Randal Grichuk. So, what’s left is to solidify the back end…
A Trump administration envoy to the Middle East pressed Lebanon’s new leaders on Friday to ensure that Hezbollah does not become part of the government, as the country grapples with a fragile cease-fire and violence that could undermine its push for stability.The United States deputy envoy to the Middle East, Morgan Ortagus, said at a news conference in Beirut that the United States has set “clear red lines” with the Lebanese government to isolate Hezbollah. Ms. Ortagus said that Lebanon’s leaders were committed to ensuring that the Iran-backed militia “is not a part of this government in any form.”Her remarks…
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty ImagesAffirm shares jumped 16% on Friday after the buy now, pay later company topped Wall Street’s fiscal second-quarter revenue forecast and posted a surprise profit during a strong holiday shopping period.Earnings came in at 23 cents per share, ahead of the 15-cent-per-share loss expected by analysts polled by LSEG. The company also reported $866 million in revenue and showed 47% growth from a year…
Keefe, Bruyette & Woods (KBW) says shares of MicroStrategy have big upside potential thanks to its novel and ambitious bitcoin treasury strategy. The research firm initiated coverage of the stock Thursday with an outperform rating and price target of $560, or 70% above the Thursday close of $329.62. The stock is an “attractive proxy for investors seeking levered bitcoin exposure with additional torque from accretive bitcoin purchases that are fueled by highly demanded security issuances and a valuation that exceeds net asset value,” analyst Bill Papanastasiou said. On Wednesday MicroStrategy, which this week formally renamed itself “Strategy,” reported a 2024…
Piotr Swat | Lightrocket | Getty ImagesDoximity shares ripped more than 30% higher on Friday, a day after reporting fiscal third-quarter results that beat Wall Street’s expectations for revenue and guidance.The company built a digital platform for medical professionals that helps carry out telehealth appointments with patients, find referrals, stay current on medical news and more. Doximity’s revenue increased 25% to $168.6 million in its third quarter, up from $135.3 million in the same period last year.For its fiscal fourth quarter, Doximity said it expects to report revenue between $132.5 million and $133.5 million, while analysts were expecting $123.8 million.…
Tesla and SpaceX CEO Elon Musk takes his seat at the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. President in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Saul Loeb | AFP | Getty ImagesBillionaire tech mogul Elon Musk on Friday launched a poll on his social media platform X asking users if a staffer at his DOGE team should be rehired after resigning from his Trump administration post over the exposure of tweets advocating for racism and eugenics.”Bring back @DOGE staffer who made inappropriate statements via a now deleted pseudonym?” the Tesla…
SoftBank is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion pre-money valuation, sources told CNBC’s David Faber.SoftBank would pay out the funding, which would mean a $300 billion post-money valuation for OpenAI, over the next 12 to 24 months, with the first payment coming as soon as spring, CNBC’s David Faber reported Friday. SoftBank would be able to syndicate as much as $10 billion of the amount.The new funding would mean SoftBank surpasses Microsoft as the artificial intelligence startup’s top backer. OpenAI was last valued at $157 billion by private investors in October.The round…
