Speaker of the House Rep. Mike Johnson (R-LA) speaks during his weekly press conference at the US Capitol on June 24, 2025 in Washington, DC. Tasos Katopodis | Getty Images House Speaker Mike Johnson, R-La., argued Tuesday that the War Powers Act is unconstitutional, and vowed that a pending resolution to bar U.S. military action…
Glazed Krispy Kreme doughnuts. Joe Raedle | Getty Images News | Getty Images Krispy Kreme and McDonald’s are ending their partnership for good. The chain will stop selling its doughnuts at McDonald’s restaurants on July 2, the companies said in a press release Tuesday. McDonald’s USA’s Chief Marketing and Customer Experience Officer Alyssa Buetikofer said…
Oil prices fell sharply Tuesday after President Donald Trump said China can keep buying oil from Iran, a sign that the U.S. is easing its maximum pressure campaign on the Islamic Republic in the wake of a ceasefire with Israel. Global benchmark Brent fell $4.06, or 5.68%, to $67.42 per barrel by 12:23 p.m. ET….
Check out the companies making headlines before the bell: Carnival — The cruise line jumped more than 6% after beating second-quarter earnings and revenue that topped analysts’ expectations. Carnival reported adjusted earnings of 35 cents per share on revenue of $6.33 billion. Analysts were expecting earnings of 25 cents per share on revenue of $6.21…
The Johnson & Johnson logo displayed on a monitor. Sopa Images | Lightrocket | Getty Images Two Democratic lawmakers on Tuesday pressed five of the nation’s largest pharmaceutical companies about their low tax bills and whether they support extending massive tax cuts for the industry in the GOP reconciliation bill. Sen. Elizabeth Warren, D-Mass., and…
Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBC Anthropic’s use of books to train its artificial intelligence model Claude was “fair use” and “transformative,” a federal judge ruled late on Monday. Amazon-backed Anthropic’s AI training did not violate the…
Oil prices fall sharply after Trump says China can buy oil from Iran FILE PHOTO: An Israeli gas platform, controlled by a U.S.-Israeli energy group, is seen in the Mediterranean sea, some 15 miles (24 km) west of Israel’s port city of Ashdod, in this file picture taken February 25, 2013. Amir Cohen | Reuters…
JPMorgan isn’t convinced that Bill Ackman’s vision to transform real estate developer Howard Hughes Holdings into a “modern-day” Berkshire Hathaway will soon prove fruitful. The Wall Street investment bank downgraded its rating on Howard Hughes to neutral from overweight Monday after Ackman’s Pershing Square struck a deal in May to boost its holding to nearly…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview on the sidelines of the JPMorgan China Summit in Shanghai, China, on Thursday, May 22, 2025. Qilai Shen | Bloomberg | Getty Images Once a laggard in the online investing game, JPMorgan Chase now believes it is a leader. The…
People seen around the Starbucks coffee store in Shenzhen, China. Jakub Porzycki | Nurphoto | Getty Images U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it obtained the information. Starbucks has held preliminary talks with more…
