U.S. wraps up fiscal year with a budget deficit near $1.7 trillion, up 23%
The U.S. ended up with an imbalance of $1.695 trillion, up about $320 billion, or 23.2%, from fiscal 2022.
CNBC US News
House Republicans scramble to find new speaker nominee after they ditch Jim Jordan
Jim Jordan had previously insisted on staying in the House speaker race despite failing twice this week in the face of stiff opposition from GOP lawmakers.
Tesla stock ends the week down 15%, the worst performance of the year
Tesla stock dropped more than 15% over the last few days to close the week at $211.99 after the company posted third-quarter earnings on Wednesday.
Judge fines Trump $5,000 for gag order violation after threatening him with jail time
Manhattan Supreme Court Judge Arthur Engoron warned that future violations will subject Trump to "far more severe sanctions" — including imprisonment.
Prosecutors in Bankman-Fried trial compare defense argument to 'Dumb and Dumber'
In a brief to Judge Lewis Kaplan on Thursday, prosecutors compared one of the defense's jury instructions to a scene in the 1994 comedy starring Jim Carrey.
Trump co-defendant Kenneth Chesebro pleads guilty in Georgia case, following Sidney Powell
Kenneth Chesebro joins Sidney Powell as the latest former Trump legal advisor to plead guilty in the Georgia elections case.
Fed's Raphael Bostic doesn't foresee rate cuts coming until 'late 2024'
The central bank official told CNBC that there's still a lot of work to be done before the Fed reaches its inflation goal of 2% annually.
Solar stocks tumble to 3-year low as Solaredge drops nearly 30% on demand warning
Solar stocks, which have already had a difficult year, fell to their lowest levels in three years on Friday.
From town hall prep to disaster predictions: Mayors descend on Washington to learn how they can use generative AI in their cities
Over 100 mayors descended on Washington, D.C. on Wednesday to learn how generative AI tools like ChatGPT could help them run their cities better.
Cathie Wood explains how the artificial intelligence boom could propel Ark's Innovation ETF
The Ark Invest CEO said she expects investors to be rewarded for bets on the emergent technology.
U.S. State Department issues 'worldwide caution' alert as tensions in the Middle East soar
The State Department has directed U.S. citizens who are looking for help leaving Israel, the West Bank, Gaza and Lebanon to fill out a crisis intake form.
Biden seeks $105 billion for Ukraine, Israel, Taiwan, border security
The bulk of the aid in Biden's request is for Ukraine, over $61 billion, and he's seeking another $14.3 billion for Israel.
Meta, Apple and Google cheer FCC ruling that could pave the way for new AR and VR applications
The Federal Communications Commission on Thursday agreed to open a band of spectrum for some forms of wearable devices.
CVS to pull certain cold medicines containing decongestant phenylephrine from store shelves
CVS is voluntarily removing certain cough and cold medicines that contain phenylephrine as the only active ingredient from stores.
New York AG demands evidence review after top Trump exec is accused of lying in fraud trial
The office of NY Attorney General Letitia James cited a report accusing former Trump Organization CFO Allen Weisselberg of lying under oath.
American Airlines posts third-quarter loss and trims 2023 profit forecast
American Airlines posted a third-quarter loss on Thursday and trimmed its profit forecast for the year.
Tesla CEO Elon Musk sounds pessimistic note about economy on earnings call
During the company's earnings call, CEO Elon Musk said the company's focused on making its cars more affordable.
Sanofi to offer insulin product for $35 to all Americans through GoodRx
The effort comes after Sanofi, Eli Lilly and Novo Nordisk announced sweeping insulin price cuts earlier this year.
Procter & Gamble tops earnings, revenue estimates even as higher prices drive some consumers away
Procter & Gamble's shares have fallen 3.7% this year, dragging its market value down to $344 billion.
Net neutrality, blunted under Trump, may soon be revived
The vote revives a debate that last came to a head in 2017, when the agency voted to reverse the net neutrality rules established just a couple years earlier.
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