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The Latest Breaking News from CNBC

Bad News: A Corvette-Based Cadillac Won't Happen

Cadillac isn't the same brand it was 20 years ago. Its post-recession revival focused on ensuring its models were truly distinct from the other products within General Motors' portfolio. That wasn't the exact mentality at the company in the early 2000s when it developed the XLR as a secondary vehicle…

Motor1

Stocks surge after U.S. and China agree to 90 day tariff reduction, Apple up over 6%

Markets soared on the news, though exact details still have to be ironed out.

Fortune

The U.S. doesn't want 'generalized decoupling' from China, but a strategic break instead, Treasury secretary says

"But what we do want is a decoupling for strategic necessities, which we were unable to obtain during COVID."

Fortune

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US and China agree to pause most tariffs for 90 days — how will this affect tech prices?

The United States and China have agreed to pause most tariffs for 90 days. The governments of both countries are reportedly likely to meet again to discuss further plans.

Windows Central

Even Hot Wheels Could Get a Price Hike From Trump's Tariffs

Hot Wheels toys could become far more expensive if President Trump has his way. On Thursday, the President threatened to enact a 100-percent tariff on Mattel, Hot Wheels' parent company, after its CEO promised to diversify its production to other countries (but not the United States).

Motor1

The possible source of Trump’s false $2 gasoline claim - Roll Call

President Donald Trump's claims that gasoline is $1.98 a gallon misconstrues the price of what drivers actually pay at the pump.

Roll Call

Senate Dems stop Trump's big crypto bill

The landmark legislation failed to advance in the Senate because of the president's growing crypto empire

Salon

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Uber CEO says employees have to 'make a choice' over RTO mandate

Uber CEO Dara Khosrowshahi is standing by the company's recent changes to employee benefits despite backlash from workers.

Fortune

Pandora CEO says producing jewelry in America 'simply won't work': 'I can't find that amount of talent that actually has this craft experience in the U.S.'

The U.S. jewelry company employs nearly 15,000 Thai workers to produce its charm bracelets and rings.

Fortune

Is Disney Stock a Buy, Sell, or Hold on New Abu Dhabi Theme Park Plans?

Disney announced plans of building its next theme park and resort in Abu Dhabi. Citi analyst says DTC strength could push DIS shares to $125.

Barchart

764,000 have lost money on Trump coin

The president is promoting the coin as a chance to dine with him and tour the White House

Salon

Wall Street Veteran Bisignano Confirmed As SSA Head Amid Democratic Backlash Over DOGE Ties

Despite pledging to protect personally identifiable information amid concerns over DOGE's involvement in SSA, Bisignano has also described himself as "fundamentally a DOGE person."

International Business Times

Trump's tariffs have reportedly caused an up to 50% plummet in exports at some ports, and goods expected to arrive in the next month 'simply won't'

Exports to China are down 40% over the last two months, compared to the same time last year.

Fortune

Groom Pulls Plug On Wedding After Realizing His Bride Was A Financial Disaster Waiting To Happen

"$92,000 in credit card debt."

Bored Panda

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Fortune

Powell won’t cut interest rates on Wednesday, Wharton’s Jeremy Siegel says. He suspects attacks on the Fed chair will escalate

“Powell is not going to do anything,” Siegel said in an interview. “Trump, I think, is going to step up the escalation,” he said later.

Fortune

Warren Buffett reveals the unique education strategy he took in school—and eventually paid off with a $170 billion fortune

The 94-year-old billionaire admits he didn’t learn the biggest lessons from textbooks—but from the excellent teachers he ought out.

Fortune

Commerce Secretary Howard Lutnick says Trump’s tariffs will create ‘great jobs of the future’—fixing factory robots. Experts disagree

The plan to resurrect the industrial boom of the early 20th century has long odds of succeeding, Rutgers professor Eric Blanc said.

Fortune

Berkshire’s board doesn’t see Buffett’s successor ‘as a CEO in waiting,’ lead director says. ‘He’s taking on the leadership capacity right now’

The company hosts its annual shareholder meeting this weekend highlighted by a Q&A with CEO Warren Buffett on Saturday.

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news in one place.

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Sports Illustrated

NBC Sports President Shares Great News for NBA Fans

Rick Cordella says NBC will bring back sorely missed feature of NBA games.

Fortune

Warren Buffett could finally address tariffs Saturday morning. Here's how to watch

The Oracle of Omaha breaks his silence.

Salon

Wall St. giants to offer crypto trading

The move signals a key shift in the financial industry, prompted by Trump's embrace of digital assets

Fortune

Elon Musk says DOGE should ‘definitely’ take a close look at the Fed

Musk criticized the Fed’s $2.5 billion remodeling of its Washington, D.C., headquarters.

Fortune

As bold CEO voices challenge Trump’s tariffs amid recession fears, one CEO association seems missing in action

Trump’s tariffs have been wreaking havoc on the economy, and consumer and business confidence have plummeted.

Tom’s Hardware

Despite Nvidia claims, Chinese smugglers have used live lobsters and fake baby bumps to traffic electronics

Nvidia and Anthropic have publicly locked horns over the extremes Chinese smugglers are willing to go to in order to acquire sanctioned GPUs.

Reason

Fewer Than 3 Friends

Plus: Growth forecasts slashed, Pravda time, fentanyl seizures, and more...

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People

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