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Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates
Tesla's first-quarter earnings report lands as investors reckon with a steep slide in the company's stock price.Read More...
Sam Altman steps down as Oklo board chair, freeing nuclear startup to work with more AI companies
Oklo says its microreactors, called Aurora, have smaller and simpler designs that will range from 15 megawatts to as much as 100 megawatts or more.Read More...
Dow jumps 1,000 points Tuesday to snap four-day string of losses: Live updates
Stocks rallied on hopes that U.S.-China trade tensions could ease soon, as investors recovered most of the steep declines suffered in the previous session.Read More...
Auto groups lobby Trump administration against parts tariffs in rare unified message
The group – representing franchised dealers, suppliers and nearly all major automakers – say the upcoming levies could jeopardize U.S. automotive production.Read More...
Bessent says he expects ‘de-escalation’ in U.S.-China tariff fight in the ‘very near future’
Stocks, already recovering from the prior day's sell off, soared higher on news of the remarks from Trump Treasury Secretary Scott Bessent.Read More...
If Trump wants rate cuts, he would likely need to replace the Fed’s full board along with Powell
Changing out the Federal Reserve chair doesn't guarantee rate cuts for President Donald Trump, according to Wall Street economists.Read More...
Futures rise after stocks tanked Monday on Trump’s latest jab at Fed: Live updates
The three major indexes are coming off sharp declines in Monday's session.Read More...
As the dollar falters, the world’s central banks tread a tightrope — devalue their currency or not
The King Dollar is losing its crown, and the rippling effect on other currencies is bringing a mix of relief and headache to central banks around the world.Read More...
Financial Services
Wall Street’s iconic charging bull statue vandalized by climate activists wielding neon green paint
The climate activist group called Extinction Rebellion painted the words "Greed=Death" on the the bull, the symbol of a surging stock market.Read More...
About half of Americans have a negative view on Tesla and Elon Musk, CNBC survey finds
The broad public and investors have something in common these days: They don't have a lot of love for either Tesla or CEO Elon Musk.Read More...
What the Discover merger approval means for Capital One and 2 other financials
Wells Fargo research analysts see the Capital One-Discovery merger as a "clearing event" for more bank deals.Read More...
Chicago Fed’s Goolsbee says Fed independence is ‘critically important’ for its inflation fight
"When there is interference over the long run, it's going to mean higher inflation, it's going to mean worse growth and higher unemployment," Goolsbee said.Read More...
China vows retaliation against countries that follow U.S. calls to isolate Beijing
In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods.Read More...
This fund is designed to help investors withstand wild market swings
Katie Stockton manages the Fairlead Tactical Sector ETF, which can allocate and reallocate resources during volatility rather than being tied to an index.Read More...
Capital One and Discover merger approved by Federal Reserve
Capital One Financial's application to acquire Discover Financial Services has officially been approved by the Federal Reserve the Office of the Comptroller of the Currency.Read More...
Where ‘Made in China 2025’ missed the mark
China missed key targets for tech independence, while fostering unhealthy industrial competition that's heightened trade tensions, a business chamber said.Read More...
Personal Finance
Consumers are already making financial changes in response to tariffs. Here’s what experts say to prioritize
As tariffs loom, Americans brace for more financial uncertainty. Experts say they would be wise to bulk up their emergency savings now.Read More...
Trump says ‘there is a chance’ tariff revenue could replace the income tax. Economists are skeptical
President Donald Trump said "there is a chance" that tariff revenue could replace the federal income tax. Here's what economists say.Read More...
What student loan borrowers need to know about ‘involuntary collections’
The Education Dept. is restarting "involuntary" repayment of federal student loans in default. Here's what borrowers who are behind on their bills need to know.Read More...
Education Department to resume ‘involuntary collections’ of defaulted student loans
The U.S. Department of Education's Office of Federal Student Aid will resume "involuntary collections" on May 5 for federal student loans that are in default.Read More...
Court blocks DOGE access to sensitive personal data at Social Security Administration
A federal judge has granted a preliminary injunction to block DOGE from further access to sensitive personal information at the Social Security Administration.Read More...
The ‘magic number’ to retire comfortably fell to $1.26 million — but people are less confident they can reach it
Due to market volatility, inflation and future uncertainty, many retirement savers are adjusting their expectations.Read More...
Nearing retirement? These strategies can protect your savings from tariff volatility
If you're nearing retirement, these investing strategies can protect your portfolio from tariff volatility, experts say. Here's what to know.Read More...
Experts see higher stagflation risks. Here’s what it means for your money
Stagflation — a mix of slow economic growth, high inflation and high unemployment — which hit the U.S. in the 1970s, could make a comeback, economists say.Read More...
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