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What Anthropic's $50 billion AI infrastructure investment means for these 3 portfolio stocks
CNBC· 2025-11-13 04:19
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks were mixed Wednesday as Wall Street hoped for an end to the government's record-breaking shutdown. The House is set for a final vote in the evening on the Senate-backed bill that could reopen the federal government. The Dow hit an all-time high earlier in the session. The S & P 500 and Nasdaq were under some pressure as te ...
Skims valued at $5 billion after new funding round as it accelerates store expansion
CNBC· 2025-11-13 04:06
Skims underwear is displayed on a shelf at a Nordstrom store on March 25, 2025 in Corte Madera, California.Kim Kardashian's Skims brand has raised $225 million in new funding led by Goldman Sachs Alternatives, valuing the shapewear and apparel company at $5 billion — up from roughly $4 billion after its 2023 round.The deal comes as Skims nears $1 billion in annual net sales, six years after its 2019 launch, and marks one of the largest private raises for a U.S. consumer brand this year. BDT & MSD Partners' ...
Supreme Court to hear arguments on Trump bid to fire Fed Gov. Lisa Cook on Jan. 21
CNBC· 2025-11-13 03:23
Lisa Cook, governor of the US Federal Reserve, at The Brookings Institute in Washington, DC, US, on Monday, Nov. 3, 2025.The Supreme Court said Wednesday that it will hear oral arguments in the case challenging President Donald Trump's authority to fire Federal Reserve Gov. Lisa Cook on Jan. 21.Trump said on Aug. 25 that he was firing Cook, one of seven Fed governors, citing claims that she committed mortgage fraud in connection with two residences that she owns.Cook, who denies any wrongdoing, filed a laws ...
Skyrocketing electricity prices fuel political backlash against tech sector's AI data centers
CNBC· 2025-11-13 02:51
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024.Nathan Howard | Bloomberg | Getty ImagesVoter anger at surging electricity prices is fueling political backlash against the artificial intelligence industry's data centers, with Democrats accusing the Trump administration of failing to address the issue as they zero in on affordability ahead of next year's mid-term elections.Abigail Spanberger won last week's governor's race in Virginia, home to the largest concentra ...
White House says October jobs and inflation data may never be released
CNBC· 2025-11-13 02:49
White House Press Secretary Karoline Leavitt speaks during the daily press briefing in the Brady Press Briefing Room at the White House on Nov. 12, 2025 in Washington, DC.Key economic reports for October may not be released at all because of the government shutdown, a senior White House official said Wednesday.With the spending impasse appearing to be near an end, White House press secretary Karoline Leavitt told reporters that part of the fallout could be lasting damage to the government's data collection ...
Flight cancellations ease, hitting lowest rate in almost a week, with end to the shutdown in sight
CNBC· 2025-11-13 01:54
The FAA Air Traffic Control tower at LaGuardia Airport (LGA) in the Queens borough of New York, US, on Friday, Nov. 7, 2025. Michael Nagle | Bloomberg | Getty ImagesFlight cancellations eased across the U.S. on Wednesday ahead of a House vote on a funding bill that could end the longest federal government shutdown in history.House lawmakers could vote around 7 p.m. ET on the bill, which was passed by the Senate earlier this week. The shutdown again put air travel in the spotlight and heightened strains on a ...
Healthy Returns: Novo Nordisk boosts the case for its upcoming obesity pill with additional data
CNBC· 2025-11-13 00:43
In this articleNOVO.B-DKLLYA view shows a Novo Nordisk sign outside its office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, on July 14, 2025.Tom Little | ReutersA version of this article first appeared in CNBC's Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.All eyes are on new pills for obesity – and a treatment from Novo Nordisk could be the first to reach patients. The 25-milligram oral version of the Danish ...
Toyota opens new U.S. battery plant, confirms $10 billion in new investments
CNBC· 2025-11-13 00:10
Toyota display is seen at the New York International Auto Show on April 16, 2025.Toyota Motor on Wednesday said it has started production at a new $13.9 billion battery plant in North Carolina and confirmed plans to invest up to $10 billion more than previously expected over the next five years in the United States.The Japanese automaker did not release details about the increased investment other than Toyota Motor North America CEO Tetsuo Ogawa calling it a "pivotal moment" in the company's history along w ...
Waymo begins offering freeway robotaxi rides in San Francisco, LA and Phoenix
CNBC· 2025-11-13 00:00
业务里程碑 - Waymo无人驾驶出租车在美国三大城市旧金山、凤凰城和洛杉矶的高速公路上开始提供付费载客服务 标志着公司商业化进程的重大里程碑 [1][2] - 此次服务扩展是公司首次向公众乘客收费并提供限速更高的高速公路行程 [2] - 高速公路行程将在“路线明显更快”时提供 并计划逐步扩展到更多乘客和地区 [1] 技术能力与安全协议 - 公司联合首席执行官强调 高速公路驾驶在实现大规模、无人类驾驶员备份的全自动驾驶方面是“易学难精”的技术挑战 [3] - Waymo车辆通常按高速公路最高限速行驶 例如许多路段为65英里/小时 但在特殊情况下为安全考虑可能略微超速几英里 [3] - 为保障高速公路运营 公司制定了扩展的操作协议 并与加州公路巡逻队和亚利桑那州公共安全部等安全官员进行了协调 [4] 测试与准备过程 - 在过去一年中 公司已向部分Alphabet员工提供了在旧金山、洛杉矶和凤凰城的高速公路机器人出租车试乘 为正式发布做准备 [5] - 公司进行高速公路测试的总时长已超过十年 测试范围包括公共道路、封闭场地以及模拟环境 [6] - 模拟测试用于验证车辆应对各种典型及罕见场景的能力 例如汇入高速公路、摩托车穿行或车辆侧翻等 [6] - CNBC记者在旧金山湾区进行了一次高速公路试乘 从圣布鲁诺到圣马特奥往返 行程在加州101号公路上无缝上下匝道 未发生任何事故 [7] 基础设施与运营 - 为支持高速公路服务扩展 公司安装了额外的充电基础设施 以满足其电动机器人出租车车队的充电需求 [4]
Atlanta Fed President Bostic says he'll leave position when his term expires in February
CNBC· 2025-11-12 23:07
Atlanta Federal Reserve President Raphael Bostic said Wednesday he will be leaving his position when his term expires in February.Bostic has been in his current position since June 2017 and is the first Black and openly gay regional president. His term runs until Feb. 28."I'm proud of what we accomplished during my tenure to turn the lofty goal of an economy that works for everyone into more of a reality, and I look forward to discovering new ways to advance that bold vision in my next chapter," Bostic said ...