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The Latest Breaking News from CNBC

Elon Musk's SpaceX Now Valued At $350 Billion: More Valuable Than McDonald's, Coca-Cola

SpaceX also plans to repurchase up to $500 million (£411.79 million) in common stock as part of the deal.

International Business Times UK

Zuckerberg Targets Underperformers: Inside Meta's Latest 5% Workforce Cut

Facebook's parent business, Meta Platforms, intends to rehire the affected roles later this year but will lay off about 5% of its employees owing to poor performance.

International Business Times

MrBeast Reveals 'Many Billionaires' Have Reached Out to Him About His Pledge to Buy TikTok

MrBeast's pledge to buy TikTok sparked billionaire interest as the app faces a Jan. 19 U.S. ban deadline over ByteDance ownership.

Latin Times

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Trump Jr. joins betting-market startup

The platform predicted Trump's win and is in a legal tussle with the federal government over election betting

Salon

TikTok to Elon Musk?

Chinese officials are considering whether Musk could acquire the app's U.S. operations if it is banned, reports say

Salon

Trump family not banning foreign deals

An ethics agreement released by the company signals a different approach from Trump's last term

Salon

Cleveland-Cliffs CEO blasts ‘evil’ Japan, home of rival Nippon Steel: ‘You did not learn anything since 1945’

There’s renewed uncertainty over U.S. Steel’s future after President Biden decided to block Nippon Steel’s acquisition bid, worth over $14 billion, citing national security.

Fortune

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The New Tesla Model Y Is Here. It's Got Some Heavy Lifting To Do

Amid all of the glitzy, high-dollar press conferences about groundbreaking new cars and technology at CES 2025, leave it to Tesla to quietly drop updates to the world's best-selling car on its Chinese website with zero fanfare.

InsideEVs

Microsoft joins Meta, Google and other tech giants in donating $1 million to President Trump's record-breaking inauguration fund

Microsoft will contribute $1 million to President Trump's inauguration fund. The company joins Meta, Google, and other tech giants in contributing.

Windows Central

Google and Microsoft donate $1m each to Trump’s inaugural fund

Tech giants follow footsteps of other major companies, including Amazon, Meta, OpenAI and Uber

The Guardian - US

Nvidia CEO Jensen Huang just tanked quantum-computing stocks after saying their most exciting developments are more than a decade away

Shares in Rigetti Computing, Quantum Computing, IonQ, and D-Wave Quantum all fell more than 35%.

Fortune

Chrysler Is Planning a New Car and SUV Based on the Halcyon Concept

Chrysler, one of over a dozen brands under the Stellantis umbrella, has languished in recent years. The death of the Chrysler 300 at the end of 2023 left the brand with just a minivan in its portfolio, but that's about to change. Chrysler CEO Christine Feuell revealed the brand has…

Motor1

Sam Altman says Airbnb’s CEO and a ‘legendary’ VC saved OpenAI and ‘stopped me from making several mistakes’ after he was briefly fired in 2023

Immediately following his brief firing from OpenAI, Altman considered starting another AI company, something Chesky and Conway helped talk him out of.

Fortune

Investors are like 'hyperactive first-graders' playing this schoolhouse game as they try to anticipate the market, strategist says

Wall Street is keenly focused on January's initial trading sessions as the first month of a new year can signal market performance for the rest of the year.

Fortune

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Fortune

Park City's wealthiest guests are furious after $20,000 ski trips became a disaster, and now investors are bailing

Ski patrollers went on strike during the busiest time of year as they negotiated for better wages and benefits.

International Business Times UK

Uber CEO Open To Tesla Collaboration Amid Robotaxi Race Because 'Competing With Elon Musk Is No Easy Matter'

Uber CEO Dara Khosrowshahi has said his firm is open to cooperating with Elon Musk's Tesla in the driverless car market. At the same time, Khosrowshahi, took a slightly more combative tone with Amazon.

The Independent UK

A bromance ends: Trump-Musk friendship goes from meteoric rise to epic meltdown in under a year

Though the tech billionaire quickly rose to the (self-titled) position of ‘first buddy,’ it ended in a flash, writes Mike Bedigan and Isabel Keane

Salon

Trump: H-1B visa program is "great"

Trump appeared to take the side of Elon Musk, who has called for more skilled foreign-born workers

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Fortune

Google CEO urges employees to move faster and 'stay scrappy' ahead of pivotal year in AI, report says

“In 2025, we need to be relentlessly focused on unlocking the benefits of this technology and solve real user problems.”

Salon

Biden to decide Nippon-U.S. Steel deal

Biden has opposed the takeover and believes U.S. Steel should be domestically owned and operated

International Business Times

Biden Scraps Two Student Loan Forgiveness Plans: What Borrowers Must Know

Due to operational issues, the Biden administration has abandoned two important efforts to reduce student debt, depriving millions of Americans of anticipated financial aid.

Salon

Big banks sued for alleged Zelle fraud

The federal government says the banks failed to investigate cases and reimburse consumers

International Business Times

Fed's Favored Inflation Gauge Rises Again In November

The Federal Reserve's preferred inflation measure rose for a second straight month in November, according to government data published Friday, although the increase came in a touch below expectations.

Salon

Billionaires bought big in 2024

The wealth of the world's richest jumped to $14 trillion over the past year. Here's what they splurged on

Barchart

Cathie Wood's Journey From Wall Street Royalty to Being Villainized By the Media: “In Early 2021, We Could Do No Wrong” But Now "We Can Do Nothing Right According to the Media"

Cathie Wood, the founder and CEO of ARK Invest, is as well-known for her visionary investment strategies. Despite her frequent appearance amongst headlines, she says that was never her intention and she has been reluctant to embrace the spotlight that often accompanies her success. In a CNBC interview, Wood shared...

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