Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesApple is taking a cue from some of its competitors.The technology giant’s Apple TV+ monthly subscription is now $12.99, starting Thursday in the U.S. and other countries.Apple said the new price will hit current subscribers 30 days after their next renewal date. The annual subscription price will not change.For new subscribers, the $12.99 monthly price begins after a 7-day trial period.The change marks Apple’s first price hike for its streaming service since 2023. At the time, Apple lifted its monthly price to about $9.99 from $6.99. The company raised the price…
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U.S. President Donald Trump stands next to Azerbaijan President Ilham Aliyev (not pictured) at the White House in Washington, D.C., U.S., August 8, 2025. Jessica Koscielniak | ReutersA New York state appeals court on Thursday threw out a more than $500 million civil business fraud penalty imposed on President Donald Trump.The appeals court said that while “injunctive relief” ordered by the trial judge in the case was “well crafted to curb defendants’ business culture” at the Trump Organization, the monetary penalty, “which directs that defendants pay nearly half a billion dollars to the State of New York, is an excessive…
People in Tijuana, Mexico, look though the U.S.-Mexico border wall at Border Field State Park on Aug. 17, 2025 in Imperial Beach, California. Kevin Carter | Getty Images News | Getty ImagesEarly evidence suggests that White House policy is reducing the size of the immigrant labor force, in turn contributing to a recent drawdown in the overall U.S. labor pool, according to several economists.CNBC spoke with a range of economists from financial firms, economic research institutions and think tanks, and also reviewed recent research notes and analyses that economists have published on immigration and the job market.If a reduction in…
A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. ESPN is making history Thursday with the launch of its everything-in-one direct-to-consumer product. For the first time ever, consumers can buy ESPN programming without subscribing to the broader pay TV bundle. ESPN wants us to call it National ESPN App Day . I’ll let you decide if you want to go that far. ESPN has set its introductory…
President Donald Trump’s dealings with Intel and Nvidia amount to a “scattershot method of crony capitalism,” Walter Isaacson said Thursday.”That state capitalism often evolves into crony capitalism, where you have favored companies and industries that pay tribute to the leader, and that is a recipe for not only disaster, but just sort of a corrupt sense of messiness,” he told CNBC’s “Squawk Box.”The Tulane University professor, widely known for his recent Elon Musk biography, argued that this method won’t succeed in reviving American manufacturing.Isaacson’s comments come as the Trump administration wades further into influencing the way companies operate in the…
European pharmaceutical firms gained some much-desired clarity on Thursday, with news that U.S. tariffs will be capped at up to 15% — but a muted market reaction appeared to reflect skepticism among investors on whether the rate is set in stone. Fresh details on the European Union’s trade agreement with the White House revealed that the 15% duties will not stack on top of other EU-wide tariffs, a key concern for the industry. They also showed that the U.S.’s “Most Favored Nation” drug pricing policy — which seeks to reduce American drug prices by linking them to the lower rates…
Check out the companies making headlines in premarket trading. Walmart — The big-box retailer slipped more than 2% . Walmart fiscal second-quarter revenue beat analyst estimates . Adjusted earnings of 68 cents per share may not have compared with the LSEG consensus estimate of 74 cents. The country’s largest retailer raised its full-year earnings and sales outlook, also noting that costs are rising due to higher tariffs. Nordson Corp . — The adhesive and coatings maker rallied more than 5% on better-than-expected earnings and revenue. Nordson said that full-year sales are currently tracking slightly above the midpoint of its original…
Increasing competition in the grocery delivery space could send Maplebear lower over the coming months, according to Wedbush Securities. The firm downgraded Maplebear, which does business as Instacart, to underperform from neutral and slashed its price target to $42 from $55, which implies nearly 8% downside from Wednesday’s close. This comes as shares have faced meaningful pressure in recent months, falling more than 13% in the last six and more than 7% in the past month. That was exacerbated by a more than 11% drop earlier in August following the launch of Amazon’s same-day delivery service of fresh foods in…
Here are the biggest calls on Wall Street on Thursday: Wells Fargo downgrades Truist to equal weight from overweight The Wall Street investment bank said its negative on the regional bank’s new strategy. ” TFC’ s new 5-year strategic plan comes with no new metrics and an approach that seems to mirror peer from years ago.” Rosenblatt initiates PubMatic as buy Rosenblatt said it’s bullish on shares of the ad tech company. “Yet, because PubMatic remains a meaningful and capable AdTech player with significant strengths that have made it the #3 [supply side platform], with 4% share, these operating challenges…
Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty ImagesIn March, Spirit Airlines came out of bankruptcy protection in less than four months and entered a worsening landscape. Consumers were holding off booking flights and U.S. planes were awash in empty seats. Even the most profitable airlines cut the rosy financial forecasts they had issued at the start of the year.But Spirit, an airline with bright yellow planes that has become synonymous with budget travel in the U.S., now appears on even shakier ground.…
