CNBC's Jim Cramer on Thursday suggested the current economy is divided into two parts — a strong segment spurred on by the artificial intelligence boom and a weaker consumer portion that needs a boost from interest rate cuts."The writing is on the wall for a big chunk of the economy if we don't get more rate cuts, things are going to keep sinking," Cramer said. "The other part, the AI part, is totally indifferent to rates — most of these companies will never need to raise money, and even if they do, it seem ...

INGLEWOOD, CALIFORNIA - NOVEMBER 17: A detail view of a NBC Sunday Night Football video camera during the first half between the Cincinnati Bengals and the Los Angeles Chargers at SoFi Stadium on November 17, 2024 in Inglewood, California.YouTube TV subscribers may soon be without "Sunday Night Football," "The Voice" and other NBCUniversal programming as the parties ramp up for a carriage dispute that could lead to a blackout at the end of the month.CNBC reported the two sides could be headed for a potentia ...

President Donald Trump announced Thursday that the U.S. will impose a 100% tariff on "any branded or patented Pharmaceutical Product" entering the country from Oct. 1.The measure will not apply to companies building drug manufacturing plants in the U.S., Trump added.He said that the exemption covers projects where construction has started, including sites that have broken ground or are under construction."There will, therefore, be no Tariff on these Pharmaceutical Products if construction has started," Trum ...

British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.Five months ago, British energy major BP was firmly in the spotlight as a prime takeover candidate. Now, not so much.Shares of the London-listed oil giant have climbed more than 32% since early April, outperforming many of its U.S. and European rivals.The improving sentiment can be attributed to a range of factors, including BP's fundamental strategic reset, a leadership shake-up, progress o ...

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023.Tesla shares fell more than 4% on Thursday after data out of Europe showed a continuing sales slump for the automaker, despite strong demand for fully electric vehicles in the region. Tesla EV registrations in Europe, a proxy for sales, fell by about 23% year-over-year in August, according to data from the European Automobile Manufacturers' Association (ACEA) on T ...

CNBC's Jim Cramer on Thursday reviewed recent earnings reports from major homebuilders Lennar and KB Home, expressing concern that the Federal Reserve's rate cuts won't help bring down mortgage rates."I think it's better to take a wait-and-see approach to the homebuilders, just in case we see a repeat of last fall, where the Fed started cutting and it didn't make a difference," he said. "If anything, it drove the bond market in the wrong direction and mortgage rates higher."The Fed lowered its benchmark bor ...

U.S. President Donald Trump speaks during the 80th session of the United Nations General Assembly (UNGA) at the UN headquarters on Sept. 23, 2025 in New York City.Shale oil executives say President Donald Trump is hurting investment in the oil patch, and are giving a grim outlook for the future of the industry that turned the U.S. into the largest crude producer in the world.The executives' anonymous comments were published in a quarterly survey of oil and gas companies by the Federal Reserve Bank of Dallas ...

Jack Antonoff speaks on stage at "Up Close & Personal" In My Studio With…Jack Antonoff at The Village Recording Studio on Aug. 11, 2025 in Los Angeles, California.Acclaimed music producer Jack Antonoff is rejecting claims by Live Nation Entertainment CEO Michael Rapino that concert tickets are still "underpriced."The CEO's comments came at the CNBC Sport and Boardroom Game Plan conference last week, when he said, "In sports, I joke it's like a badge of honor to spend [$70,000] for Knicks courtside. ... When ...

President Donald Trump on Thursday signed an executive order approving a proposal that would keep TikTok alive in the U.S. in a transaction that Vice President JD Vance said values the business at $14 billion.The deal satisfies the requirements of a national security law requiring China-based ByteDance to sell TikTok's U.S. operations or face an effective ban in the country, according to the executive order. Under the terms, which China must still approve, a new joint-venture company will oversee TikTok's U ...

Costco on Thursday posted fiscal fourth-quarter earnings and revenue that topped analyst estimates.The warehouse club does not share an annual outlook with Wall Street. It will hold an earnings call at 5 p.m. ET.Here's how Costco did in its fiscal fourth quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $5.87 vs $5.80 expectedRevenue: $86.16 billion vs. $86.06 billion expectedCostco's net income for the three-month period that rose to $2.61 billi ...