Business Archives | Page 10 Of 191

Medical supply firm Medline jumps more than 25% in debut after biggest IPO of 2025

Shares of U.S. medical supplies giant Medline jumped more than 22% in their debut on the Nasdaq on Wednesday after the biggest initial public offering of the year globally. The stock opened at $35, up from its $29 IPO price. The private equity-owned company sold a little over 216 million shares on Tuesday, raising $6.26 […]

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Unemployment rate rises, Tesla’s 2025 turnaround, Siri’s AI upgrade and more in Morning Squawk

Finance News

Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on Dec. 16, 2025. Charly Triballeau | Afp | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the

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Apple punted on AI this year. Next year will be critical

Technology News

Tim Cook, CEO of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, on June 9, 2025. David Paul Morris | Bloomberg | Getty Images One of the biggest launches in Apple’s history is supposed to come next year, and it’s got nothing to do with hardware. The company

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California judge rules that Tesla engaged in deceptive marketing around Autopilot

Finance News

Tesla electric vehicles (EV) in front of the company’s store in Colma, California, US, on Monday, Nov. 10, 2025. David Paul Morris | Bloomberg | Getty Images A California administrative law judge recently ruled recently that Tesla’s marketing around its “Autopilot” and “Full Self-Driving” systems was deceptive and that the company should face a suspension

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Hyperscaler AI spending could slow down if Oracle shows ‘discipline’

Finance News

CNBC’s Jim Cramer on Tuesday proposed that action from Oracle could slow down other hyperscalers’ enormous artificial intelligence spending, saying the OpenAI partner should show “discipline.” “Oracle already has a huge amount of debt. Their balance sheet’s not that good. At some point, they’ll heed the warning of the bond market and slow things down,”

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Birkin bag prices are sinking at auction despite high-profile sales

Business News

Close-up view of a gray Hermes Birkin bag in grained leather, during a photo shoot in Paris, Oct. 28, 2025. Edward Berthelot | Getty Images Entertainment | Getty Images Despite two recent blockbuster auctions for Birkin bags, overall auction prices for the iconic Hermès handbags are falling, according to a study. Earlier this month, a

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AI future: Big Tech faces key House vote on reforming permit process

Technology News

Big Tech heavy hitters such as OpenAI, Meta, and Microsoft are pushing for Congress to advance legislation to reform the process for obtaining federal permits for projects to build out artificial intelligence infrastructure in the United States. Backers of the bill, the SPEED Act, argue it is key to helping the U.S. beat out China

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What Trump’s reclassification of pot and CBD could mean for seniors, research and stocks

Business News

Tarek Adieh, of Tampa, Florida, looks at cannabis flower from wholesaler Dep Kings at CHAMPS Trade Show at the Palmer Events Center Thursday, Sept. 11, 2025. Jay Jannar | Hearst Newspapers | Getty Images President Donald Trump is expected to sign an executive order this week that would broadly expand access to cannabis. Industry advocates,

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Pfizer’s modest 2026 outlook shows its big investments will take time to pay off

Business News

Smith Collection | Archive Photos | Getty Images Pfizer on Tuesday forecast modest 2026 guidance as it looks to longer-term investments in its pipeline to counter waning Covid product sales and declines from older drugs. Those hurdles aren’t surprising or new for Pfizer, which has seen a dramatic decline in Covid vaccine and antiviral sales

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Consumers are feeling gloomy about the economy. Here’s why they’re spending anyway

Business News

Shoppers carry Macy’s bags outside of Macy’s flagship store on Black Friday in New York, US, on Friday, Nov. 28, 2025. Adam Gray | Bloomberg | Getty Images Andre Lewis said he’s “anxious 364 days of the year.” Yet the rideshare and delivery driver wants to make it a special holiday season for his 7-year-old

Consumers are feeling gloomy about the economy. Here’s why they’re spending anyway Read More »

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