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Trump approves TikTok deal through executive order
CNBC· 2025-09-25 20:28
President Donald Trump on Thursday signed an executive order approving a proposal that would keep TikTok alive in the U.S. in a transaction that Vice President JD Vance said values the business at $14 billion.The deal satisfies the requirements of a national security law requiring China-based ByteDance to sell TikTok's U.S. operations or face an effective ban in the country, according to the executive order. Under the terms, which China must still approve, a new joint-venture company will oversee TikTok's U ...
Costco tops earnings, revenue estimates as warehouse club wins over younger members
CNBC· 2025-09-25 20:23
Costco on Thursday posted fiscal fourth-quarter earnings and revenue that topped analyst estimates.The warehouse club does not share an annual outlook with Wall Street. It will hold an earnings call at 5 p.m. ET.Here's how Costco did in its fiscal fourth quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $5.87 vs $5.80 expectedRevenue: $86.16 billion vs. $86.06 billion expectedCostco's net income for the three-month period that rose to $2.61 billi ...
Trump would 'eviscerate' Fed independence with Lisa Cook firing, lawyers tell Supreme Court
CNBC· 2025-09-25 19:34
Lisa Cook, governor of the US Federal Reserve and governor nominee for US President Joe Biden, during a Senate Banking Committee nomination hearing in Washington, DC, US, on Wednesday, June 21, 2023.Lawyers for Federal Reserve Governor Lisa Cook on Thursday argued that the Supreme Court should reject President Donald Trump's request that he be allowed to fire her pending the outcome of her lawsuit challenging her removal."The President's stay application asks this Court to act on an emergency basis to evisc ...
Oracle, Silver Lake & MGX will be main investors in TikTok U.S., sources say
CNBC· 2025-09-25 17:52
投资结构 - Oracle、Silver Lake及阿布扎比MGX将成为TikTok美国业务主要投资者 控制约45%股权 [1] - 字节跳动作为母公司保留19.9%股权 其余35%由字节跳动现有投资者持有 [1] - 字节跳动投资者General Atlantic、Susquehanna和Sequoia预计向新公司TikTok USA注资 [2] 交易进展 - 美国总统特朗普将于周四签署行政命令支持该交易方案 确保应用在美国持续运营 [1] - 该交易方案涉及股权重组 形成由多方投资者共同持股的新公司TikTok USA [1][2]
New car sales get surprising boost, for now, as consumers fear tariffs and higher prices
CNBC· 2025-09-25 16:43
DETROIT — Uncertainty surrounding U.S. regulations on tariffs, electric vehicles and other auto-related issues have given new car sales a surprising boost heading into the fourth quarter, according to a new industry analysis.Cox Automotive on Thursday raised its 2025 new vehicle U.S. sales forecast to 16.1 million from a previous range of 15.6 million to 15.7 million due to stronger-than-expected demand so far this year. That would be up from roughly 16 million vehicles sold domestically in 2024.Cox analyst ...
It's not just Disney: As streaming services hike prices, it's a battle over who blinks first
CNBC· 2025-09-25 16:36
The consumer TV landscape was once giddy with the prospect of cutting the cable cord, freeing viewers from increasingly high prices. For many consumers, however, that glow has long faded. This week, Disney+ announced price increases which will raise most customers' bills by $2 to $3. Last month, Apple TV+ raised prices for the third time in three years. These moves followed increases earlier in the year from a wide range of streamers, including Netflix, Discovery+, Peacock, Dropout.tv, Paramount and Fubu.Co ...
Microsoft cuts off cloud services to Israeli military unit after report of storing Palestinians' phone calls
CNBC· 2025-09-25 16:13
Microsoft President Brad Smith, left, speaks at a press conference on future visions for the development and application of artificial intelligence in education in North Rhine-Westphalia at the Representation of the State of North Rhine-Westphalia in Berlin on June 4, 2025. To his right is Hendrik Wüst (CDU), Minister President of North Rhine-Westphalia, in front of the sign "From coal to AI."Microsoft said Thursday that it has stopped providing certain services to a division of the Israeli Ministry of Defe ...
AI nuclear stock play Oklo loses 15% in 2 days amid big insider selling, Wall Street caution
CNBC· 2025-09-25 15:26
Jacob DeWitte, Co-Founder and CEO of Oklo, speaks in the Oval Office as he attends the signing of an executive order by U.S. President Donald Trump, at the White House in Washington, D.C., U.S., May 23, 2025.Oklo has also seen a cluster of insider selling over the past few days. CEO Jacob DeWitte unloaded $3 million of stock in the form of a gift this week and Oklo director Michael Klein dumped $6.7 million worth of shares, according to Verity data. CFO Craig Bealmear sold $9.4 million of stock at the end o ...
Amazon reaches $2.5 billion settlement with FTC over 'deceptive' Prime program
CNBC· 2025-09-25 15:24
和解协议核心条款 - 公司同意支付25亿美元以解决联邦贸易委员会关于Prime会员注册和取消流程的指控 [1] - 协议禁止公司对Prime条款进行虚假陈述 并要求在注册过程中提供清晰显著的条款披露 [3] - 公司必须在收取订阅费用前获得消费者的明确同意 并提供简便的取消渠道 [3] 诉讼背景与进展 - 联邦贸易委员会于2023年6月提起诉讼 指控公司欺骗数千万客户注册Prime订阅并阻碍取消尝试 [1] - 双方在西雅图联邦法院开庭审理仅三天后即达成和解 开庭辩论于周二进行 [2] 事件性质与影响 - 联邦贸易委员会指控涉及Prime会员计划的注册和取消流程存在系统性误导行为 [1][3] - 该和解协议标志着联邦贸易委员会对科技公司订阅服务实践的重大监管行动 [1][3]
Former Fed, Treasury chiefs urge Supreme Court to block Trump firing Lisa Cook
CNBC· 2025-09-25 14:43
Lisa Cook takes the oath of office to serve as a member of the Board of Governors at the Federal Reserve System during a ceremony at the William McChesney Martin Jr. Building of the Federal Reserve May 23, 2022 in Washington, DC.Every living former chair of the Federal Reserve, as well as a slew of ex-Treasury secretaries and former White House economic advisors, urged the Supreme Court on Thursday to block President Donald Trump from firing Fed Governor Lisa Cook as her lawsuit challenging her removal proc ...