Business news
- USDA secretary threatens to cut funding to blue states over alleged SNAP data noncompliance - The Trump administration threatened to cut off federal funding to blue states over their alleged refusal to share SNAP program data.
- Delayed tariff impact starting to hit, could cause companies to reduce head count in 2026 - President Trump's tariffs, aimed at reshoring American jobs lost to overseas manufacturing, could end up lowering head count instead
- Holiday shopping turnout jumps to 202.9 million people during Thanksgiving weekend, NRF says - Shoppers said they were motivated by sales and promotions, such as limited-time offers, according to the trade group's annual survey.
- OpenAI is under pressure as Google, Anthropic gain ground - Sam Altman reportedly sent a memo to his staffers outlining a "code red" effort to improve ChatGPT.
- Michael Burry calls Tesla 'ridiculously overvalued' and knocks tech industry for a widely used practice - "The Big Short" investor Michael Burry put Tesla's valuation in the spotlight.
- Apartment rents drop further, with vacancies at record high - A good supply of new multifamily units is coming online at a time of much weaker demand.
- How to maximize the bigger SALT deduction for 2025 under Trump’s ‘big beautiful bill’ - President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how to maximize the tax break.
- Michael and Susan Dell to donate $6.25 billion to fund Trump Accounts for 25 million U.S. kids - The billionaire CEO of Dell Technologies told CNBC he first heard of the idea of seeding accounts from hedge fund manager Brad Gerstner.
- YouTube's new AI deepfake tracking tool is alarming experts and creators - A YouTube tool that uses creators' biometrics to remove AI-generated videos also allows Google to train its AI models on that sensitive data, experts told CNBC.
- Nvidia-backed $4 billion AI startup announces major London expansion - U.S.-based Luma AI is targeting 200 hires in the U.K. by early 2027 as a wave of North American tech companies eye European growth.