Secretary of Homeland Security Kristi Noem testifies during a House Committee on Homeland Security budgetary hearing in Washington, DC on May 14, 2025. Nathan Posner | Anadolu | Getty ImagesHomeland Security Secretary Kristi Noem said Tuesday that President Donald Trump has an absolute right to deport people without due process, after she incorrectly defined the meaning of the term habeas corpus.Noem was grilled on habeas corpus — the constitutional right of individuals to challenge their detention by the government in a court of law — during the Senate hearing.”Secretary Noem, what is habeas corpus?” asked Sen. Maggie Hassan, D-N.H.”Well, habeas corpus is a constitutional right…
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Elon Musk interviews on CNBC from the Tesla Headquarters in Texas.CNBCTesla CEO Elon Musk confirmed that the company will have robotaxis on the streets of Austin, Texas by the end of June.In an interview with CNBC’s David Faber on Tuesday at the company’s headquarters in Austin, Musk said Tesla aims to bring its robotaxis to Los Angeles and San Francisco following the planned Austin debut.Musk said the robotaxi service will start with about 10 vehicles in Austin, and rapidly expand to thousands of vehicles should the launch go well with no incidents. Since 2016, Musk has been promising Tesla investors,…
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023.David Paul Morris | Bloomberg | Getty ImagesGoogle is adding a new artificial intelligence subscription service that offers exclusive access to the company’s most “cutting edge” AI products.Called “Google AI Ultra,” the new plan includes the highest usage limits and access to its latest AI models and premium features, the company announced Tuesday at its annual developer conference Google IO.At $249.99 per month, the subscription plan also includes early access features to experimental products as well as a YouTube premium subscription.”It’s for people…
Josh Brown, CEO of Ritholtz Wealth Management and CNBC PRO contributor , said Tuesday the most important theme for the stock market right now is not tariffs, but rather artificial intelligence. “The most important thing to come out of this past earnings report is that AI is more important than tariffs to the stock market,” Brown said on CNBC’s ” Halftime Report .” Citing JPMorgan research, the widely followed investor noted that the term “AI” was mentioned 2.6 times more often than the word “tariff” in this last round of S & P 500 earnings reports. Brown said those Big…
Google CEO Sundar Pichai speaks at the Google I/O developer conference. Andrej Sokolow | Picture Alliance | Getty ImagesGoogle on Tuesday announced Veo 3, an AI video generator that can also create and incorporate audio. The artificial intelligence tool competes with OpenAI’s Sora video generator, but its ability to also incorporate audio into the video that it creates is a key distinction. The company said Veo 3 can incorporate audio that includes dialogue between characters as well as animal sounds.”Veo 3 excels from text and image prompting to real-world physics and accurate lip syncing,” Eli Collins, Google DeepMind product vice president, said…
President Donald Trump arrives for a House Republican meeting at the U.S. Capitol on May 20, 2025 in Washington, DC. Tasos Katopodis | Getty Images News | Getty Images President Donald Trump failed during a visit Tuesday to Capitol Hill to sway key House Republicans from blue states to drop opposition to a major tax bill, which they say does not go far enough in boosting so-called SALT deductions for their constituents, sources told CNBC.Opposition to the bill from the “SALT Caucus” threatens to derail the tax legislation, which Trump and House Speaker Mike Johnson, R-La., hope to see passed before…
Check out the companies making headlines in midday trading. D-Wave Quantum — The quantum computing stock surged more than 26% after announcing its latest computing system called Advantage2. Agilysys — The enterprise software developer for the hospitality industry rallied 21% after topping analysts expectations in its latest quarter. Agilysys reported fiscal fourth-quarter adjusted EBITDA of $14.8 million, more than the FactSet consensus estimate of $11.3 million. Revenue of $74.3 million exceeded the Street estimate of $71.4 million. Amer Sports — The sports and fitness equipment maker soared 17% after first-quarter adjusted earnings of 27 cents per share topped the 15…
Here are Tuesday’s biggest calls on Wall Street: UBS upgrades Mettler-Toledo to buy from neutral UBS said the lab instrumentation medical company has resilience and pricing power. “We’re upgrading Mettler-Toledo (MTD ) to Buy supported by a constructive view of: 1) incremental opportunities for service sales, 2) industry leading pricing power, 3) beneficial portfolio exposure, and 4) a medium-term tailwind from reshoring.” Deutsche Bank upgrades MKS to buy from hold Deutsche said it sees an attractive entry point for the semicap company. “We upgrade MKSI to a Buy. Elevated sub-system inventories at semicap customers appear to have abated as of…
A Walmart store is shown in Oceanside, California, U.S., May 15, 2025. Mike Blake | ReutersLast month, Walmart downplayed how much President Donald Trump’s tariffs would affect its business in front of a large audience of investors. CEO Doug McMillon pointed to other challenging times that the company had weathered — like the aftermath of 9/11 — and the CEO of its international business didn’t even bring up trade during a panel with global corporate leaders.The largest U.S. retailer struck a much different tone Thursday. On its earnings call and in CNBC interviews about its quarterly results, the company warned…
Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, May 8, 2020.Calvin Sit | Bloomberg | Getty ImagesChinese-born crypto mogul Justin Sun says he’s the top holder of the $TRUMP meme token and will be having dinner with President Donald Trump.The dinner competition — a sweepstakes offering gala access to the sitting U.S. president — was open to anyone in the world willing to spend millions of dollars on a digital coin tied to Trump.Late Monday night, Sun posted on X that he had secured the top spot in the $TRUMP token leaderboard, which earned…
