CNBC

Paramount to lay off 1,000 employees, with more cuts expected

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Paramount Skydance is slashing nearly 1,000 jobs beginning on Wednesday, just months after the close of its merger, according to a person close to the situation ...



Foxconn to invest up to $1.37 billion in AI compute cluster ...

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A person familiar with the matter said the investment will be made in Taiwan. Foxconn did not immediately respond to a request for comment. The world's ...



Amazon laying off about 14,000 corporate workers

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The cuts could affect as many as 30,000 employees, according to Reuters, which cited sources familiar with the matter. Read more CNBC tech news. OpenAI's ...



5 things to know before the stock market opens Tuesday

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Nearly every business is expected to be impacted by the cuts, according to a person familiar with the matter. Beth Galetti, Amazon's senior vice president ...



Amazon to announce largest layoffs in company history, source says

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... asked not to be named because the details are confidential. Amazon is expected to begin informing employees of the layoffs via email Tuesday morning, the ...



Two suspects in Louvre jewel heist case arrested in Paris, report says

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... sources close to the investigation. One of the two suspects was about to leave the country and was taken into custody at Charles de Gaulle airport at about ...



Novartis Avidity Biosciences in talks

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Bloomberg News first reported the companies were nearing a deal, citing a person familiar with the matter. Novartis and Avidity didn't immediately respond ...



Trump aims to clinch deal with China's Xi during Asia trip

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... a person familiar with the conversations. Instead, talks between the two sides to prepare for the meeting focused on managing disagreements and modest ...



Timothy Mellon is Trump's government shutdown military donor

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And using his money might run afoul of federal law, according to the Times, which cited two people familiar with the matter in identifying the billionaire ...



Quantum stocks surge on report Trump is eyeing stakes in the group

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The Journal, citing anonymous sources familiar with the matter, said the companies include IonQ , Rigetti Computing and D-Wave Quantum . Other firms, such ...



First rare earths and chips, now quantum computers: Trump ...

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The Journal, citing anonymous sources familiar with the matter, said the companies include IonQ, Rigetti Computing and D-Wave Quantum. Other firms, such as ...



Walmart suspends H-1B visa job offers after Trump fee hike

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Walmart is pausing the hiring of candidates who need H-1B visas, a person familiar with the matter said. President Donald Trump raised the fees for those ...



Warner Bros. Discovery says it's open to a sale; shares jump 10%

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... a person familiar with the matter. It is unclear how serious potential offers outside of Paramount would be. Netflix was not interested in buying legacy ...



Trump Zelenskyy Putin

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... requested anonymity to discuss a private conversation. After his meeting with Zelenskyy, Trump publicly called for a ceasefire on the current frontlines, a ...



Apple wants to reform sports streaming as it nears F1 rights deal

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Apple is about to announce a $140 million per year media rights deal with F1 for its U.S. rights, according to people familiar with the matter.



Novo Nordisk begins round of layoffs in United States: Reuters

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The sources asked not to be named in order to share confidential company information. The layoffs come as Doustdar tries to restore investor confidence with ...



PayPay valuation could exceed $20 billion in planned US IPO ...

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PayPay declined to comment. The sources declined to be named as the information is not public, and cautioned that deliberations are continuing and factors ...



Morgan Stanley drops crypto fund restrictions for wealth clients

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... declined to be identified speaking about internal policy. The bank's global investment committee recently issued a model that recommended a maximum initial ...



Trump meets with Isaacman about top NASA job after pulling ...

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... a person familiar with the meetings. After a fiery back-and-forth between Musk and Trump over government spending, the president pulled Isaacman's ...



GM backtracks on plan to claim last-minute EV tax credits

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... person briefed on the matter told Reuters. The idea behind the program was to ease the impact of the expiration of the tax credit on dealers, who worried ...



Walmart: OnePay is rolling out crypto to mobile banking app

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OnePay will offer customers access to bitcoin and ether later this year with help from the startup Zerohash, according to people with knowledge of the matter ...



OpenAI's Sora 2 is putting safety and censorship to the test

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One former employee, who asked not to be named to discuss internal matters, told CNBC that during their tenure, OpenAI leadership had a pattern of prioritizing ...



Amazon shuts 4 Fresh stores in Southern California after UK closures

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... asked not to be named because the details were confidential. The other three stores that are closing are in cities of Mission Viejo, La Habra and Whittier ...



Oil steadies as investors weigh OPEC+ output hike against US ...

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Crude stocks fell by 3.67 million barrels in the week ended September 26, the sources said on condition of anonymity. Gasoline inventories, however, rose by ...



Government shutdown 2025: Live updates, news and analysis

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... declined to be identified speaking about the shutdown. The Federal Deposit Insurance Corporation is funded by member banks, so the industry's deposit ...



JPMorgan Chase blueprint to become first fully AI-powered megabank

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... declined to be identified speaking about the private event. JPMorgan is now early in the next phase of its AI blueprint: It has begun deploying agentic AI ...



Chinese driverless firm Momenta raising funds at $6 billion valuation

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Momenta's technology will eventually be equipped on 40 models developed by Mercedes-Benz, a person familiar with the matter said. BMW signed a similar deal ...



Electronic Arts stock jumps report it's nearing $50B take private deal

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Jared Kushner's Affinity Partners is another participating investor, according to a source familiar with the matter, who asked not to be named because the ...



Chicago Bears valued at $8.9 billion in minority stake sale: Sources

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... according to a person familiar with the deal, who asked not to be named because they were not authorized to speak publicly. That topped the $8.3 billion ...



Nvidia to invest up to $100 billion in OpenAI data center buildout

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Investments will be made at then-current valuations, said the person, who declined to be named because the details are private. Nvidia stock rose almost 4 ...



Disney: 'Jimmy Kimmel Live' will return to ABC on Tuesday

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The late-night host will address the matter during his show set to be taped on Tuesday, according to a person familiar with the matter, who spoke on the ...



Trump golden share U.S. Steel

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... person familiar with the matter. The intervention marked Trump's first use of so-called "golden share" rights, a condition of the $14.1 billion takeover by ...



Apple iPhone 17 goes on sale as questions remain over China ...

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First in line at the Apple flagship Store in Sanlitun, Beijing, this morning, was Liu — he did not wish to be identified by his full name — who told CNBC ...



Baidu shares surge amid positive signs for its growing AI business

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To train its AI models, the company has started using internally designed chips, The Information reported last week, citing people with direct knowledge of the ...



Stock market news for Sept. 18, 2025

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... people briefed on the matter. The decision to close the investigation comes after two days of talks between U.S. and Chinese officials earlier this week ...



Oracle to keep TikTok cloud agreement with China deal, sources say

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The deal is expected to close in the next 30 to 45 days, according to the sources, who asked not to be named because the details of the negotiations are ...



U.S., Chinese officials talks in Spain on trade, TikTok deadline

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But the source said the issue's public inclusion as an agenda item on the Treasury's announcement of the talks gives the Trump administration political ...



Fintech firm Lendbuzz files for IPO

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The Boston-based company is targeting a valuation of around $1.5 billion, according to a person familiar with the matter, who asked not to be named discussing ...



Nvidia and OpenAI to back major investment in UK AI infrastructure

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Nvidia and OpenAI are discussing a sizable deal to support data center development in the U.K., a person familiar with the matter told CNBC. It is expected ...



Trump presses European Union to impose 100% tariffs on India and ...

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The proposal, first reported by the Financial Times, was confirmed to CNBC's Megan Cassella by two sources familiar with the matter. Trump made the request ...



Japan's Nikkei 225 hits a new high as SoftBank surges over 10%

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... sources familiar with the matter. Oracle shares closed 35.95% higher Wednesday stateside after the cloud giant reported gobsmacking cloud demand numbers ...



Europe and the U.S. talk Russia sanctions as attacks ramp up

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European officials are now working on their 19th package of sanctions against Moscow, with one EU official, who did not want to be named as the measures are ...



Nvidia's Huang joining Trump on UK state visit next week

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The person asked to remain anonymous in order to discuss the trip. The Nvidia chief is one of several U.S. business leaders who are expected to accompany ...



CNBC's Official NFL Team Valuations 2025

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In 2024, the Cowboys generated about $300 million in sponsorship revenue, by far the most in the NFL, according to a person familiar with the matter, who ...



Taiwan estimates China spent $21 billion on military exercises in the ...

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The officials, who were briefed on the research, declined to be identified because of the sensitivity of the matter. Neither China's defense ministry nor ...



TikTok owner ByteDance sets valuation at over $330 billion

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The revised valuation and the second-quarter revenue growth details had not been reported previously. The sources declined to be named as they were not ...



Pentagon's innovation unit chief resigns in latest shake-up, sources ...

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... a person with direct knowledge of the email. He wrote that the DIU will be transitioned to new leadership overseen by Emil Michael, the Under Secretary of ...



Google scores six-year Meta cloud deal worth over $10 billion

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The agreement spans six years, said the people, who asked not to be named because the terms are confidential. The deal was reported earlier by The ...



Meta unveil Hypernova smart glasses with display, wristband at ...

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Meta's glasses are codenamed Hypernova and will include a small display in the right lens of the device, people familiar with the matter told CNBC.



Trump eyes U.S. government stakes in other chip makers that ...

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Expanding on a plan to receive an equity stake in Intel in exchange for cash grants, a White House official and a person familiar with the situation said ...

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