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The Latest Breaking News from CNBC

Is Apple Stock Being Demoted From Its Role As Market General?

A longtime Apple Inc (NASDAQ: AAPL) bull has pared back his exposure to the Cupertino-based company as he expects the tech stock's reign as the market leader to come to a close.

Benzinga

Economy and Society, October 4, 2022: Texas joins investigation over S&P’s use of ESG in credit ratings

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Credit Suisse shares plunge to record low amid fears of ‘Lehman moment’

CEO Ulrich Koerner moved to calm fears by saying the banking giant has a “strong capital base and liquidity position”

The Independent UK

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ASX and US markets surge after Bank of England intervenes in bond market to rescue UK financial system

The ASX and US stocks rally after the Bank of England announces a government bond-buying program to stabilise financial markets shaken by the UK government's tax cuts. AGL plans to exit coal earlier and Premier Investment jumps on special dividend.

ABC News

Truth Social merger partner loses $130M

Digital World Acquisition changed its address in filing disclosing it's lost $138 million of $1 billion investment

Salon

Find Out Why This Bear Thinks The S&P 500 Is Headed To 3,000; What He's Buying During The Downturn

On Monday, Dan Niles, the founder of the Satori Fund, joined CNBC’s ‘Squawk Box’ to discuss the current condition of the market.

Benzinga

Analyst: Tesla's Elon Musk To "Own" California After 2035 Gas Car Ban

Many people in California love their EVs, and the state has announced banning new gas car sales beginning in 2035. Will Tesla still lead in 10 years or more?

InsideEVs

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Ford Is Running Out Of Blue Ovals For Its Trucks

The supply chain issues that started during the pandemic continue to loom.

Motor1

Ohio high school homecoming game gets special attention for smart helmet tech

Centerville (Ohio) was featured on CNBC for their homecoming game due to their innovation with player safety helmets.

USA Today Sports Media Group

Ford Boss Says Mustang Mach-E Allowed The ICE Pony Car To Survive

Now on its seventh iteration, the Mustang is soldiering on amid the age of electrification.

Motor1

Kanye West Terminates Yeezy’s Partnership To Make Fashion Affordable

Rapper and designer Kanye West, who goes by “Ye,” has terminated his Yeezy brand partnership with Gap Inc (NYSE: GPS) two years after the deal was announced.

Zenger

Does Jay Leno's Garage Have A Tesla? Watch Elon Musk's Interview With Legendary Comedian

Comedian and television host Jay Leno may be known for telling jokes to audiences, but the latest episode of Leno’s hit show “Jay Leno’s Garage” is no laughing matter.

Benzinga

The (Partial) Myth of the Poorly Paid Public School Teacher

Reason

Microsoft will keep Xbox prices the same – for now

Xbox head Phil Spencer said value is more important to the company right now.

USA Today Sports Media Group

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Benzinga

Kanye West Confirms Termination Of Yeezy's Partnership With Gap: 'A King Can't Live In Someone Else's Castle'

Rapper and designer Kanye West, who goes by "Ye," has terminated his Yeezy brand partnership with Gap Inc (NYSE: GPS) two years after the deal was announced.

InsideEVs

Tesla's Back-To-Office Policy Said To Cause Drop In Employee Morale

CNBC reports that Tesla still lacks the room or resources to bring all its employees back to the office, with even simple supplies being in short supply.

The Independent UK

Kanye West’s Yeezy announces it will be terminating contract with Gap

The rapper’s company claims Gap failed to fulfill obligations outlined in their contact

Benzinga

ESPN Sports-Betting App Coming Soon? Joe Terranova Buys Disney Stock After CEO Identifies New 'Growth Engine'

After Walt Disney Co (NYSE: DIS) CEO Bob Chapek swatted investor calls for an ESPN spinoff over the weekend and noted that plans are in place for the future of the sports network, one investor jumped in and bought shares of the media giant.

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Benzinga

Big Tech Analyst Sees Choppy Waters Ahead, But Says You Can Buy Apple, Meta Right Now: 'TikTok Eventually Is Going To Get Banned'

Apple, Microsoft, Google, Amazon and Meta shedded nearly $500 billion in combined market cap during Tuesday's selloff.

Benzinga

The GBP In The Rein Of King Charles

The death of Queen Elizabeth II on Sept. 8 beaconed a new era for the UK, coming on the heels of Elizabeth Truss taking office as prime minister and heralding the proclamation of King Charles as the new monarch.

Benzinga

Top Financial Stories Friday, September 09: Elon Musk Hints At Potential Apple-SpaceX Partnership, GM's EV For Cost Conscious Buyers, Google Under DOJ Scanner For Search-Engine Dominance And More...

Bloomberg When The Bank Error Is Not In Your Favor: Pay Back $500 Million

Benzinga

Trump Ally Dr. Oz Hyped Unapproved 'Covid Cures' From Companies He Owns Shares Of

Republican Pennsylvania Senate candidate Dr. Mehmet Oz owns shares of two companies he publicly supported, touting their drugs as potential Covid-19 treatments — even though the drugs weren't approved by the U.S. Food and Drug Administration (FDA).

Benzinga

Stock Splits Led To Big Gains In Tesla And Apple, But Amazon Stock Has Underperformed: Will The E-Commerce Giant Try A Spinoff Next?

Stock splits have become increasingly popular among mega-cap companies with lofty share prices as splits often lead to increased attention and an appreciation in underlying stock prices, but Amazon.com Inc (NASDAQ: AMZN) has not seen said benefits since announcing a split in March.

Benzinga

Apple Is Running 'The Greatest Business In The History Of Planet Earth,' But Is Its Stock Overvalued?

Apple Inc (NASDAQ: AAPL) shares have held up well relative to the overall market in 2022.

Axios

Lindsey Graham defends predicting riots over Trump: “What I tried to do was state the obvious”

“If it’s just about mishandling classified information, we’ve had a standard set when it came to Hillary Clinton.”

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