Vertex shares pop after nonopioid painkiller posts positive midstage trial results
The results support Vertex's hopes of developing a drug that can provide strong pain relief without the addictive potential of opioid medications.
CNBC US News
Hunter Biden defies subpoena, defends business record
Hunter Biden lashed out at Republicans pursuing an impeachment inquiry as he defied a congressional subpoena for a closed-door deposition.
The Federal Reserve's period of rate hikes may be over. Here's why consumers are still reeling
The Federal Reserve's period of policy tightening may be over, but household budgets have taken a hit since March 2022.
Here's what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting.
SpaceX valuation climbs to $180 billion
The valuation of Elon Musk's SpaceX hit $180 billion based on an ongoing secondary share sale, CNBC confirmed Wednesday.
Appeals court rejects Trump presidential immunity challenge to E. Jean Carroll case
The case centers on Donald Trump's claim in 2019 that the writer E. Jean Carroll made up an allegation that he raped her.
Glenn Youngkin praises Trump on economy, downplays 'dictator' fears
The billionaire Home Depot co-founder Ken Langone, who was also on CNBC's program, expressed fear about how Trump might wield government power if elected again.
Gas prices have fallen 19% since September, hit lowest point of year ahead of holiday
Retail gas prices are falling as U.S. crude oil has booked seven straight weeks of losses.
OpenAI and Axel Springer strike unprecedented deal to offer news in ChatGPT
OpenAI and Axel Springer, the global news publisher, have struck an unprecedented deal allowing ChatGPT to summarize news stories.
After years of resisting, Netflix releases viewing statistics for nearly all titles
Netflix revealed viewership statistics for more than 18,000 shows and movies for the first time ever.
Wholesale prices held flat in November, providing another encouraging inflation signal
The producer price index, which measures a broad range of prices on final demand items, was unchanged for the month.
Here's everything the Fed is expected to do Wednesday
This week's Federal Reserve meeting is likely to mark a substantial turning point for policymakers.
COP28 climate summit ends with deal to transition away from fossil fuels
The COP28 climate summit took place in Dubai against a backdrop of controversy, geopolitical conflicts and increasing extreme weather events.
Epic Games CEO Tim Sweeney on why the company did better against Google than Apple in court
Epic Games and its CEO, Tim Sweeney, have been fighting against mobile app stores and their fees since at least 2020. On Monday, they got a win against Google.
Apple introduces new iPhone security mode to protect against stolen passcodes
Stolen Device Protection creates a second layer of security against your iPhone's passcode being stolen.
Mortgage refinance demand jumps 19% after rates hit lowest level since July
Applications for mortgages to buy homes were also higher compared with the previous week.
Trump sells snippets of mugshot suit, Mar-a-Lago dinner in latest NFT promotion
Customers who buy 47 of the $99 apiece digital cards will receive a physical card containing a piece of the suit Trump is seen wearing in his mugshot.
Blue Origin aims to launch first New Shepard rocket in over a year
Jeff Bezos' Blue Origin is preparing to launch its New Shepard rocket as early as Monday.
Oracle shares slide as revenue misses estimates
Demand for Oracle cloud services is growing fast, but analysts had expected more overall revenue in the most recent quarter.
OpenAI's nonprofit arm showed revenue of $45,000 last year, even though company is worth billions
OpenAI's nonprofit status has come under fire from critics who question how an $86 billion company can be controlled by a charity.
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