Trump says U.S. struck trade deal with Vietnam that imposes 20% tariff on its imports

Vietnam, whose exports to the U.S. reportedly comprised 30% of its gross domestic product last year, is especially vulnerable to Trump's tariffs.

Published: 20 minutes ago

With June jobs report looming, DOGE government layoffs could start becoming a factor

A gradual pullback in hiring and job openings has come as hundreds of thousands of federal workers are out looking for employment.

Published: 1 hour ago

House GOP infighting holds up key vote on Trump tax bill

Speaker Mike Johnson can lose just three members' votes and still pass the bill in a party-line vote. But more than a dozen Republicans are currently noes.

Published: 53 minutes ago

OpenAI says Robinhood's tokens aren't equity in the company

OpenAI said it was not involved in Robinhood’s launch of tokenized shares in Europe, warning users the assets were issued without its approval.

Published: 3 minutes ago

S&P 500 closes at another record on Wednesday after Trump announces Vietnam-U.S. deal: Live updates

The S&P 500 rose on Wednesday after President Donald Trump announced a U.S.-Vietnam trade deal.

Published: 28 minutes ago

The June jobs report brings downside risk to the stock market, JPMorgan trading desk says

Thursday's report will come on the heels of a private payrolls data release that showed job losses in June.

Published: 50 minutes ago

Microsoft laying off about 9,000 employees in latest round of cuts

Microsoft surpassed expectations on revenue and profit but is slimming down across ranks, organizations and geographies.

Published: 40 minutes ago

The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says

Economists polled by Dow Jones forecast an increase of 100,000 for the month.

Published: 6 hours ago

Coinbase shares climb after acquisition of token manager LiquiFi: CNBC Crypto World

On today's episode of CNBC Crypto World, Solana's SOL token climbs after the launch of the first U.S.-listed ETF to provide direct exposure to the token while also offering access to staking rewards. Plus, Coinbase announces the acquisition of token management platform LiquiFi. And, Andrew McCormick, head of eToro US, discusses the retail trading platform's decision to further expand its crypto lineup to users in the United States.

Published: 1 hour ago

Amazon to shut down Freevee streaming TV service in August

Freevee was originally born out of IMDb, the TV and movie service Amazon acquired in 1998.

Published: 18 minutes ago

Wisconsin Supreme Court strikes down state's 1849 near-total abortion ban

Abortion providers in the state resumed the procedure in 2023 after a judge ruled that the 176-year-old ban was superseded by a more recent law.

Published: 5 hours ago

Homeowner’s insurance premiums vary widely from state to state, but they are all going up

Homeowner’s insurance premiums are going up as increasingly severe storms and other disasters, combined with rising housing costs, are pushing rates higher.

Published: 3 hours ago

Trump's deportations are hurting Constellation Brands' beer sales

The brewer, which owns Modelo, Corona and Pacifico, says that roughly half of its beer sales come from Latinos in the U.S.

Published: 30 minutes ago

With stocks at record highs highs, financial advisors warn not to chase the market. Do this instead

The last thing investors should be is reactionary, according to financial advisors.

Published: 47 minutes ago

Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop

Tesla reported another year-over-year decline in vehicle deliveries as the company faces increased competition from lower-cost rivals.

Published: 3 minutes ago

Sean 'Diddy' Combs convicted on prostitution counts, acquitted of more serious charges

Combs was convicted of transportation to engage in prostitution but acquitted of racketeering conspiracy and two counts of sex trafficking.

Published: 6 hours ago

Stocks making the biggest moves midday: Tesla, Centene, Robinhood, Nike and more

These are the stocks posting the largest moves in midday trading.

Published: 3 hours ago

Ether and related stocks gain amid the latest crypto craze: Tokenization

Stocks tied to the price of ether were higher, reflecting renewed enthusiasm for the crypto asset amid a surge of interest in stablecoins and tokenization.

Published: 3 hours ago

Robinhood stock hits $100 as it roars 30% since S&P 500 snub

CEO Vlad Tenev said the goal is to merge crypto infrastructure with traditional finance by putting real products in customers’ hands.

Published: 32 minutes ago

AI virtual personality YouTubers, or 'VTubers,' are earning millions

Published: 5 hours ago

What we make of Trump's Vietnam trade deal — plus, how to think about Apple's rally

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Published: 2 hours ago

Here's why I'm loving the Chase Sapphire Reserve 100,000-point, $500 travel credit welcome offer

The relaunched Chase Sapphire Reserve is offering its best-ever bonus for a limited time only.

Published: 6 hours ago

Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

Constellation Brands missed Wall Street's estimates for quarterly earnings and revenue, as the Modelo owner saw lower demand and paid higher aluminum tariffs.

Published: 5 hours ago

Mortgage refinance demand surges, as interest rates drop further

Mortgage rates continued to fall, causing more homeowners to apply to refinance at those lower rates. Homebuyers, however, were less impacted by lower rates.

Published: 9 hours ago

New Stellantis CEO taps Kuniskis to oversee American brands, brings back SRT division

Tim Kuniskis was promoted to lead American brands and North American marketing for Stellantis.

Published: 7 hours ago

Rivian deliveries decline sharply as tariffs hit demand

Rivian reported a sharp fall in second-quarter deliveries on Wednesday, as demand takes a hit from stiff competition and tariff uncertainty.

Published: 5 hours ago

Student loan borrowers will have fewer repayment options under GOP megabill

The Senate narrowly passed it massive spending bill on July 1. Here's what it could mean for student loan borrowers if the bill becomes law.

Published: 4 hours ago

Pentagon halts weapons shipment to Ukraine amid concerns over U.S. stockpile

The move "was made to put America’s interests first," a White House spokeswoman said, as U.S. munitions have been depleted in recent years.

Published: 6 hours ago

Amazon deploys its 1 millionth robot in a sign of more job automation

Amazon announced its millionth worker robot, and said its entire fleet will be powered by a newly launched generative artificial intelligence model.

Published: 11 hours ago

Paramount agrees to pay $16 million to settle Trump's lawsuit over '60 Minutes' Kamala Harris interview

The lawsuit was filed in the Northern District of Texas and sought $20 billion in damages.

Published: 6 hours ago