The Latest Breaking News from CNBC

SpaceX also plans to repurchase up to $500 million (£411.79 million) in common stock as part of the deal.

Facebook's parent business, Meta Platforms, intends to rehire the affected roles later this year but will lay off about 5% of its employees owing to poor performance.

There’s renewed uncertainty over U.S. Steel’s future after President Biden decided to block Nippon Steel’s acquisition bid, worth over $14 billion, citing national security.

Amid all of the glitzy, high-dollar press conferences about groundbreaking new cars and technology at CES 2025, leave it to Tesla to quietly drop updates to the world's best-selling car on its Chinese website with zero fanfare. 

Microsoft will contribute $1 million to President Trump's inauguration fund. The company joins Meta, Google, and other tech giants in contributing.

Tech giants follow footsteps of other major companies, including Amazon, Meta, OpenAI and Uber

Shares in Rigetti Computing, Quantum Computing, IonQ, and D-Wave Quantum all fell more than 35%.

Chrysler, one of over a dozen brands under the Stellantis umbrella, has languished in recent years. The death of the Chrysler 300 at the end of 2023 left the brand with just a minivan in its portfolio, but that's about to change. Chrysler CEO Christine Feuell revealed the brand has…

Immediately following his brief firing from OpenAI, Altman considered starting another AI company, something Chesky and Conway helped talk him out of.