Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team
Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.
CNBC US News
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.
Amazon's cloud margin widens on accelerating revenue growth
Amazon's cloud unit is delivering the best operating margin at least since 2014.
Amazon profit more than triples, topping Wall Street expectations
Amazon surpassed analyst expectations for revenue and earnings in the first quarter.
Super Micro pushes up full-year revenue forecast as it points to strong AI demand
Super Micro is now a component of the S&P 500 index. The company's growth accelerated to 200% from 103% in the previous quarter, but revenue still missed.
Trump Media shares rise again, jump 50% in the past week
The stock has had several volatile days in the past month, trading at a high of about $60 a share and a low of just over $20 per share.
Trump gets jail warning for violating hush money trial gag order; Stormy Daniels ex-lawyer testifies
The criminal hush money trial of former President Donald Trump resumed in Manhattan Supreme Court for the second week of witness testimony.
NBC Sports could buy back rights to iconic theme song 'Roundball Rock' if it airs NBA games again, composer John Tesh says
NBC Sports can license the rights to John Tesh's famous "Roundball Rock" theme song if it secures a new NBA media package, Tesh said in an e-mail.
FTC challenges 'junk' patents held by 10 drugmakers, including for Novo Nordisk's Ozempic
The agency sent letters to Novo Nordisk, AstraZeneca, Boehringer Ingelheim, Covis Pharma, GlaxoSmithKline, Novartis, Teva Pharmaceuticals, among others.
McDonald’s earnings miss estimates as diners pull back, Middle East boycotts hit sales
McDonald's shares have fallen 7.5% over the last year, dragging its market value down to $197 billion.
Eight newspaper publishers sue Microsoft and OpenAI over copyright infringement
Eight newspaper publishers alleged that Microsoft and OpenAI used millions of their articles without payment or permission to train AI models like ChatGPT.
An important student loan forgiveness deadline is hours away — and it takes under 15 minutes to apply
Some student loan borrowers have until April 30 to take advantage of an opportunity to get their debt forgiven sooner than they would have otherwise.
Eli Lilly beats on quarterly profit, hikes full-year guidance on strong sales of Zepbound, Mounjaro
Zepbound reported $517.4 million in sales for the quarter, even as most doses of the drug slipped into shortages in the U.S.
Worker pay rose more than expected in Q1 in another sign of persistent inflation
The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter.
Walmart to shutter health centers, virtual care service in latest failed push into health care
Walmart said clinics are not a sustainable business model due to a challenging reimbursement environment for primary care and increasing operating costs.
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
It marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.
Coca-Cola tops earnings estimates, hikes revenue outlook on higher prices
Shares of Coke have fallen 3.5% over the last year, dragging the company's market value down to $267 billion.
Burger King invests another $300 million to remodel restaurants
The restaurant company is planning to spend $2.2 billion to revive Burger King's U.S. business.
Judge rejects J&J, Bristol Myers Squibb challenges to Medicare drug-price negotiations
The decision is another win for the Biden administration in a bitter legal fight with several drugmakers over the constitutionality of the price talks.
Biden administration faces onslaught of lawsuits as business groups claim regulatory overreach
The Biden administration faces a wave of lawsuits targeting its regulatory agenda, as business groups argue federal agencies are overstepping their authority.
Get complete CNBC business news coverage online. Find the latest regional business news pertaining to the United States of America including headlines & top stories available on the official CNBC site.
Subscribe to CNBC US News feed
#channel