Work continues on a largely demolished part of the East Wing of the White House, Thursday, Oct. 23, 2025, in Washington, before construction of a new ballroom.Jacquelyn Martin | APThe demolition of the White House East Wing is nearly complete as President Donald Trump pushes ahead with plans to build a massive ballroom, an administration official told NBC News Thursday.Construction crews are now turning their attention to debris removal, the official said. Photos showed the building largely reduced to rubble.Trump said Wednesday that the 90,000 square foot ballroom will cost $300 million, higher than the original estimated price tag of…
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Los Angeles Lakers forward LeBron James (23) prepares to shoot a foul shot against the Minnesota Timberwolves at Crypto.com Arena on October 22, 2024 in Los Angeles, California. Gina Ferazzi | Los Angeles Times | Getty ImagesA new bombshell indictment criminally charging former NBA player Damon Jones suggests that while affiliated with the Los Angeles Lakers, Jones leaked information about the injury status of superstar LeBron James to sports bettors before a February 2023 game.James is not accused of wrongdoing in the federal indictment, which alleges that Jones and others defrauded betting companies. Jones and James previously played together on…
U.S. President Donald Trump gestures as he hosts a Rose Garden Club lunch at the White House in Washington, D.C., U.S., October 21, 2025. Kevin Lamarque | ReutersPresident Donald Trump said in a post on Thursday that the federal government was preparing to “surge” San Francisco, but he was swayed by Nvidia CEO Jensen Huang, Salesforce CEO Marc Benioff and others to hold off on the deployment.Trump said in a post on Truth Social that he also spoke with Democratic Mayor Daniel Lurie, who “was making substantial progress” on crime.”Great people like Jensen Huang, Marc Benioff, and others have called…
The latest frenzy in Beyond Meat is offering a fresh reminder for investors chasing the latest viral stock — Riding the meme wave is fun, until it isn’t. The food company known for its plant-based burgers and sausages experienced monstrous gains of 128% Monday and 146% Tuesday. On Wednesday, the stock erased a triple-digit intraday gain to close down 1% with shares traded more notional value than Apple and Meta combined, according to Goldman Sachs. The seemingly minor loss on Wednesday nonetheless triggered a wave of selling Thursday, when shares tumbled about 20% in morning trading before bouncing back. BYND…
Check out the companies making the biggest moves midday: Super Micro Computer — The computer server manufacturer slumped 7% after cutting its fiscal first-quarter revenue forecast to about $5 billion from a prior estimate of $6 billion to $7 billion. Quantum computing stocks — Quantum computing shares jumped on a Wall Street Journal report that the Trump administration is in talks to acquire equity stakes in several quantum computing companies. Rigetti Computing is up 11%, while IonQ gained 10% and Quantum Computing rose 8%. Hexcel — The maker of composite materials jumped 15% and hit a 52-week high after its…
Analysts remain largely split on IBM ‘s future after the tech stalwart posted key metrics that flashed warning signs heading into 2026. While IBM reported a third-quarter earnings and revenue beat , analysts pointed to metrics below the surface headline beat that might indicate a worrisome near-term setup for the stock: namely, softness in IBM’s Red Hat and transaction processing performance. “Driving the miss was RHT and TP growth decelerating by 2pts and 1pt vs. 2Q. respectively,” wrote Morgan Stanley analyst Erik Woodring. “Good results on the surface offset by softer than expected Red Hat and TP performance as we’re…
Honeywell moved higher Thursday after the sprawling conglomerate reported a quarterly beat and a full-year guidance raise ahead of next week’s first step to split into three companies. Revenue in the third quarter ended Sept. 30 rose 7% year over year to $10.41 billion, topping expectations of $10.11 billion, according to market data service LSEG. Organic sales advanced 6% versus the year-ago period, double what the Street was looking for, according to FactSet. Adjusted earnings per share rose 9.3% from last year to $2.82, exceeding estimates of $2.57, LSEG data showed. HON YTD mountain Honeywell YTD While jumping more than…
Changpeng Zhao, former chief executive officer of Binance, arrives at federal court in Seattle, Washington, US, on Tuesday, April 30, 2024. David Ryder | Bloomberg | Getty ImagesPresident Donald Trump has pardoned Binance founder Changpeng Zhao, who had previously pleaded guilty to enabling money laundering while heading the cryptocurrency exchange, the White House said Thursday.The pardon of Zhao, widely known as CZ, came two months after The Wall Street Journal reported that the Trump family’s own crypto venture, which has generated about $4.5 billion since the 2024 election, has been helped by “a partnership with an under-the-radar trading platform quietly administered…
US Secretary of Commerce Howard Lutnick speaks at a business reception at Lancaster House in central London, with attendees including government ministers from both the UK and US and representatives from major UK companies, as part of the second state visit to the UK by US President Donald Trump. Picture date: Thursday Sept. 18, 2025. Jordan Pettitt | Via ReutersThe U.S. government is not in talks with quantum computing companies to take equity stakes in the firms in exchange for federal funding, a Commerce Department official told CNBC.”The Commerce Department is not currently negotiating equity stakes with quantum computing companies,”…
A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty ImagesDETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges.The Wall Street Journal, which first reported the plans, said the layoffs will affect roughly 4% of the company’s workers. Rivian had just under 15,000 employees at the end of last year.A source familiar with the plans confirmed the layoffs to CNBC and said additional details are set to be…
