Samuel Boivin | Nurphoto | Getty Images TikTok’s U.S. operations will be housed in a new joint venture, according to a memo sent to employees by CEO Shou Zi Chew. The entity is named TikTok USDS Joint Venture LLC, the memo said. As part of the joint venture, Chew said in the memo, which was…
Former NASCAR driver Greg Biffle and members of his family were among seven people who died in a plane crash Thursday in North Carolina, state police said. The business jet erupted into a large fire when it hit the ground while trying to land at Statesville Regional Airport, about 45 miles north of Charlotte. Flight…
President Donald Trump’s social media company will provide the capital needed to bring TAE Technologies’ first fusion power plant online in the United States by 2031, TAE CEO Michl Binderbauer told CNBC on Thursday. Binderbauer spoke shortly after his privately held company and Trump Media and Technology Group announced plans for an all-stock merger valued…
Wall Street analysts have increasingly jumped on the GE Vernova bandwagon during a volatile week for the stock and the broader artificial intelligence trade. Jim Cramer urged caution. Shares of the energy equipment maker rose more than 4.5% on Thursday after plunging 10.5% in the prior session as stocks tied to AI data centers were…
House Republican leaders on Thursday committed to a vote in the new year on legislation to ban members of Congress from owning or trading individual stocks. But the proposal likely will not include a provision that would ban stock trading or ownership by President Donald Trump or future presidents. House Majority Leader Steve Scalise, R-La.,…
Somebody break up the Chicago Bears. It didn’t take long for Ben Johnson’s regime to turn things around in the Windy City, where the Bears have already eclipsed their regular-season win total (O/U 8.5) with a 10-4 record and now seek an NFC North division title. Of course, the rival Green Bay Packers stand in…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) Reassuring results from Micron breathed life back into the AI-infrastructure theme while a cool CPI reading allowed investors concerned about a hawkish Fed to exhale, allowing for a relief bounce in the indexes…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Instacart will pay $60 million to settle allegations by the Federal Trade Commission that it misled users with false advertising and deployed “unlawful subscription enrollment” practices. The federal agency alleged that Instacart used deceptive tactics in its subscription sign-up and “satisfaction guarantee” advertising that caused…
BUCHAREST, Romania — American rapper Wiz Khalifa was sentenced by a court in Romania on Thursday to nine months in jail for drug possession, more than a year after he took part in a music festival in the Eastern European country. Khalifa was stopped by Romanian police in July 2024 after allegedly smoking cannabis on…
Stu Holden never takes his phone out during a broadcast. But this time, he had to make an exception. Argentina defender Gonzalo Montiel calmly walked from midfield to the penalty spot at a sold-out Lusail Stadium at the 2022 World Cup final in Qatar. All he needed to do was make this penalty kick and La…
