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The justices decided to hear the Justice Department's appeal of a lower court's ruling that blocked US President Donald Trump's executive order on restricting birthright citizenship. View More

Elon Musk's SpaceX is reportedly launching an insider share sale that could value the company as high as $800 billion. View More

Dado Ruvic | Reuters Elon Musk's SpaceX, is initiating a secondary share sale that would give the company a valuation of up to $800 billion, The Wall Street Journal reported Friday.SpaceX is also telling some investors it will consider going public possibly around the end of next year, the report said. At the elevated price, Musk's aerospace and defense contractor would be valued above ChatGPT maker OpenAI, which wrapped up a share sale at a $500 billion valuation in October. SpaceX has been investing heavily in reusable rockets, launch facilities and satellites, while competing for government contracts with newer space players, including Jeff Bezos' Blue Origin. SpaceX is far ahead, and operates the world's largest network of satellites in low earth orbit through Starlink, which powers satellite internet services under the same brand name.A SpaceX IPO would include its Starlink business, which the company previously considered spinning out.Musk recently discussed whether SpaceX would go public during Tesla's annual shareholders meeting last month. Musk, who is the CEO of both companies, said he doesn't love running publicly traded businesses, in part because they draw "spurious lawsuits," and can "make it very difficult to operate effectively."However, Musk said during the meeting that he wanted to "try to figure out some way for Tesla shareholders to participate in SpaceX," adding, "maybe at some point, SpaceX should become a public company despite all the downsides."WATCH: What retail investors should know about OpenAI and SpaceX watch nowVIDEO11:0111:01What tokenization means for the future of investingBottom Line Video

CEO Antonio Neri said he was "pleased" with the quarter despite having some lags in revenue from AI deals due to delays. View More

In this articleHPEFollow your favorite stocksCREATE FREE ACCOUNT watch nowVIDEO3:1203:12HPE CEO Antonio Neri: We’re ‘incredibly pleased’ with Q4 resultsMoney Movers Hewlett Packard Enterprise reported weak fourth-quarter revenue and server numbers, but beat earnings expectations and reaffirmed its fiscal year guidance on strong artificial intelligence demand."I'm incredibly pleased with the results we posted in Q4 ... despite the fact that we were on the lower end of the guide on revenues, because that was driven by the conversion of some unique deals in AI, a couple driven by the U.S. shutdown, and one in Europe, which was driven by the readiness in the data center," CEO Antonio Neri told CNBC's "Money Movers" on Friday.The company reported earnings after the bell on Thursday, posting revenue of $9.68 billion, which was up 14% over the year prior but fell short of the $9.94 billion in revenue expected by analysts polled by LSEG.The revenue miss and weakness in the company's server segment initially sent the stock down as much as 9%. Shares rebounded on Friday, closing 1.88% higher.HPE beat earnings expectations for Q4, with adjusted earnings of 62 cents per share coming in above the 58 cents per share expected by LSEG.CFO Marie Myers said on the earnings call with analysts that the adjustments came from the "amortization of intangible assets, Juniper-related acquisition costs, stock-based compensation expense and cost reduction plan expense, partially offset by adjustments for taxes and other adjustments."The company reaffirmed the fiscal year 2026 revenue outlook range of 17% to 22%, but issued weak guidance for the first quarter.The company said it expects fiscal 2026 first-quarter revenue in the range of $9 billion to $9.4 billion, which was short of the $9.87 billion expected by FactSet analysts.Rising costs, seasonality and the timing of AI server deals were all factors in the guidance. Read more CNBC tech newsElon Musk's X fined $140 million by European Commission over 'deceptive' blue checkmark and lack of transparency'China's Nvidia' Moore Threads surges over 400% on trading debut after $1.1 billion listingApple announces departure of general counsel and policy chiefMicrosoft will raise prices of commercial Office subscriptions in July The revenue dip from Q4 is "in line with historic seasonality," Myers told analysts. She also noted continued cost increases in DRAM, dynamic random access memory, and NAND memory, a flash memory typically used in memory cards.She told analysts the majority of those costs are expected to be passed along.AI system orders reached $1.9 billion in the fourth quarter, and Myers said the company expects AI demand to be "uneven," with larger sovereign customers making orders with extended lead times that can defer shipments to future quarters.Neri said on the analyst call that the company expects the biggest part of the AI revenue conversion to land in the back half of FY2026.Revenue for HPE's server segment during Q4 came in at $4.46 billion, down 5% from the $4.68 billion a year ago. The fourth-quarter number missed StreetAccount analyst expectations of $4.58 billion.Myers addressed the shortfall on the earnings call, attributing it to the timing of AI service shipments and lower-than-expected government spending."Despite these headwinds, we were encouraged by robust server order growth across both traditional server and AI offerings, with demand significantly outpacing revenue in this period," she said.Server revenue declined 10% from the third quarter.Networking revenue of $2.81 billion during Q4 was a bright spot, and saw a boost from the completed acquisition of Juniper Networks in July.Neri told CNBC Friday that the acquisition makes HPE "a networking-centric company."HPE reported net income of $146 million during the fourth quarter, or 11 cents per share, which was much lower than the net income of $1.34 billion, or 99 cents per share, from a year ago. Stock Chart IconStock chart iconHPE one-day stock chart.

The suit alleges Perplexity has illegally copied and distributed The Times' copyrighted content. View More

In this articleNYTFollow your favorite stocksCREATE FREE ACCOUNT Davide Bonaldo | Lightrocket | Getty Images The New York Times on Friday filed a lawsuit against Perplexity, alleging the artificial intelligence startup has illegally copied and distributed its copyrighted content. The suit, filed in the Southern District of New York, accuses Perplexity of unlawfully scraping The Times' stories, videos, podcasts and other content to formulate responses to user queries. The startup also generates outputs that are "identical or substantially similar to" The Times' content, according to the complaint."While we believe in the ethical and responsible use and development of AI, we firmly object to Perplexity's unlicensed use of our content to develop and promote their products," Graham James, a spokesperson for The Times, said in a statement. "We will continue to work to hold companies accountable that refuse to recognize the value of our work."Another publication, the Chicago Tribune, filed a similar copyright lawsuit against Perplexity on Thursday. The Tribune also argues that Perplexity scraped and distributed its content without authorization. Read more CNBC tech newsElon Musk's X fined $140 million by European Commission over 'deceptive' blue checkmark and lack of transparency'China's Nvidia' Moore Threads surges over 400% on trading debut after $1.1 billion listingApple announces departure of general counsel and policy chiefMicrosoft will raise prices of commercial Office subscriptions in July Founded in 2022, Perplexity is best known for its AI-powered search engine that gives users simple answers to questions. The startup has raised more than $1.5 billion in funding from investors including IVP, New Enterprise Associates and Nvidia, according to PitchBook."Publishers have been suing new tech companies for a hundred years, starting with radio, TV, the internet, social media and now AI. Fortunately it's never worked, or we'd all be talking about this by telegraph," Jesse Dwyer, head of communication at Perplexity, said in a statement.The lawsuit from The Times on Friday serves as the latest example of how media companies and publishers are working to protect their intellectual property during the AI boom.The Times is already involved in another ongoing copyright suit against Microsoft and OpenAI, which alleges the companies improperly used The Times' content to train their AI models. That suit was filed in the Southern District of New York in 2023. In September, AI startup Anthropic agreed to pay $1.5 billion to settle a class action lawsuit with a group of authors who claimed that the company had illegally downloaded their books and others from pirated databases.That settlement makes up the largest publicly reported copyright recovery.WATCH: Amazon sends Perplexity cease-and-desist over AI browser agents making purchases watch nowVIDEO1:2001:20Amazon sends Perplexity cease-and-desist over AI browser agents making purchasesPower Lunch

Cole spoke to the authorities for "more than four hours" after his arrest, the government told a judge during the suspect's initial court appearance. View More

MPD Chief of Police Pamela Smith and U.S. Capitol Police Chief Michael Sullivan attend a news conference at the Department of Justice on Thursday, December 4, 2025, announcing the arrest of Brian Cole Jr., who allegedly placed pipe bombs near the Republican and Democratic National Committee offices on January 6, 2021. Tom Williams | Cq-roll Call, Inc. | Getty Images Accused pipe bomb planter Brian Cole Jr. confessed his crimes to the FBI, and told agents he supported President Donald Trump and held anarchist views, MS NOW reported Friday.Cole, 30, was arrested Thursday morning at his family's home in Woodbridge, Virginia, nearly five years after he allegedly placed explosive devices outside Republican and Democratic party offices in Washington, D.C., on the eve of the Jan. 6, 2021, Capitol riot.While in custody, Cole confessed to planting the pipe bombs, which did not detonate, two sources familiar with his interview with the FBI told MS NOW.John Shoreman, Cole's defense attorney, did not immediately respond to CNBC's request for comment on the reporting. A suspect in the planting of explosive devices near the Democratic and Republican committee headquarters in Washington is seen in this still frame taken from video released on March 9, 2021. FBI | Via Reuters During his initial court appearance on Friday afternoon, the government told Magistrate Judge Moxila Upadhyaya that Cole spoke to the authorities for "more than four hours" the previous day, NBC News reported.Federal authorities have yet to publicly disclose what motive Cole might have had to allegedly plant the bombs. Attorney General Pam Bondi, asked at a press briefing Thursday what motivations Cole may have possessed, said the investigation is ongoing. Read more CNBC politics coverageJudge dismisses James Comey and Letitia James cases over 'unlawful' prosecutor appointmentSen. Mark Kelly faces Pentagon probe for video on refusing 'unlawful orders'Trump spoke with Chinese President XiBessent says no recession in 2026 but notes some sectors are challengedU.S. lawmakers say Rubio told Trump's Ukraine peace plan is Russia's 'wish list' Cole is currently charged with transporting an explosive device in interstate commerce with intent to kill, injure or intimidate or unlawfully destroy property.He is also charged with "malicious destruction or attempted malicious destruction by means of fire and explosive materials.""I believe there are more charges to come," Bondi said Friday morning on Fox News. Read more CNBC politics coverageJudge dismisses James Comey and Letitia James cases over 'unlawful' prosecutor appointmentSen. Mark Kelly faces Pentagon probe for video on refusing 'unlawful orders'Trump spoke with Chinese President XiBessent says no recession in 2026 but notes some sectors are challengedU.S. lawmakers say Rubio told Trump's Ukraine peace plan is Russia's 'wish list' This is developing news. Please check back for updates.

The storage and logistics solutions company proposed to launch the open offer late Thursday to acquire up to 8.07 crore shares in Kesoram at price of ?5.5 per share for ?44.2 crore View More

Bitcoin's big drop from a record price has led to questions about crypto's correlation to the broader market, and what it really represents in a portfolio. View More

In this articleBTC.CM=Follow your favorite stocksCREATE FREE ACCOUNT watch nowVIDEO9:1709:17Balancing risk and reward in ETF investingETF Edge Bitcoin's sharp pullback from its recent record high wiped out its year-to-date gains, and that's led to questions about aggressive price targets for the cryptocurrency into 2026. But as important as where bitcoin's price goes next is a question about the role bitcoin really serves in a portfolio: When will it consistently behave like a store of value?"It's still going to have to prove itself as that digital store value over a longer period of time," Nate Geraci, NovaDius Wealth Management president, said on the CNBC "ETF Edge" podcast.For years, bitcoin has been described as "digital gold," a comparison that can be powerful and appealing to investors since gold is expected to protect portfolios during periods of broader market stress, moving in a manner uncorrelated to stocks and other risk assets. But for bitcoin, the digital gold narrative is undermined whenever it trades like a risk asset during equity selloffs. After two distinct periods of volatility in 2025, bitcoin hasn't been able to provide a clear answer to the digital gold question."The track record thus far is mixed," Geraci said. He pointed to the "tariff tantrum" period of stock selling in April after President Trump announced sweeping global tariffs, a period of market volatility during which bitcoin performed very well. "That caught a lot of investors attention," he said. But more recently, as weakness in technology stocks led the market down, most cryptocurrencies, including bitcoin, also sold off. Bitcoin, in particular, sold off considerably more than the stock market, he noted."The jury is still out,' Geraci said.  Stock Chart IconStock chart iconBitcoin and Nasdaq 100 performance this year. Geraci stressed that over the long-term, he does believe bitcoin is "heading down that path of acting much more like the physical metal itself." But he added that for now, it is acting more like a volatile "teenager.""It is only 15 to16 years old, so still has to prove itself as that digital store of value," he said.Gold, on the other hand, has a millennia-long track record. "It's story is still in its early chapters," Geraci wrote in a follow-up email to CNBC. Stock Chart IconStock chart iconPrice of bitcoin and gold year-to-date in 2025. Geraci said it is good to have some perspective during any short-term bout of volatility. While bitcoin is down over 25% since its record high price in October (from its record high to its recent low the loss was an even steeper 35%), it has more than doubled in value since January 2024, when there was an influx of spot bitcoin ETFs to the market after SEC approvals. Additionally, while spot bitcoin ETFs have seen billions in outflows over the past month, since the beginning of the year, they have attracted roughly $22 billion in inflows.He thinks that while the recent bitcoin crash began as a function of the tech stock selling and broader equity market selloff, leverage in the crypto market ultimately played a large role in the prolonged decline. "I just think there was a lot of leverage in the category that needed to be flushed out," he said. "And I think that's what we're seeing now."Beyond bitcoin itself, Geraci thinks crypto index ETFs, portfolios that invest in a basket of digital assets rather than tracking the spot market in any single cryptocurrency, may become a way more investors seek diversification in the new asset class.But he also thinks bitcoin will be an exception in the crypto market, where he expects many assets will continue to trade more like tech stocks and investors should expect to see them falling right alongside stocks in equity market drawdowns."Setting bitcoin aside, I view most other crypto tokens as risk assets – much closer to high-growth technology stocks than stores of value. Their investment case is tied to the future of stablecoins, tokenization, and decentralized finance," Geraci wrote via email. Disclaimer

Rameshwaram – Dhanushkodi New Line (18 km) was sanctioned at a cost of ?734 crore; he foundation stone of the project was laid on March 1, 2019 but land acquisition was not undertaken by the TN government View More

Kesoram Industries is seeing a change in ownership. Frontier Warehousing Limited is acquiring a controlling stake. This marks the exit of the Birla family from the company. Shares of Kesoram saw a significant jump following the announcement. Frontier Warehousing will buy a substantial portion of the company's shares. This transition follows the earlier demerger of Kesoram's cement business. View More

B K Birla group company Kesoram Industries saw a churn in ownership on Friday as Frontier Warehousing Limited moved to acquire a controlling stake, marking the exit of the Birla family from the company after demerging and divesting its cement business to the Kumar Mangalam Birla-led UltraTech Cement earlier this year. Shares of Kesoram jumped 19.85 per cent to Rs 6.52 after Kolkata-based Frontier Warehousing announced an open offer to buy 8.07 crore shares, or 26 per cent of the company, at Rs 5.48 apiece. The offer follows a share purchase agreement under which Frontier Warehousing will acquire 13,29,69,279 shares from Kesoram's Birla-controlled promoter group entities at Rs 4 per share. The block, valued at about Rs 53 crore, represents 42.8 per cent of Kesoram's voting share capital - effectively completing the Birlas' exit from the company. This transition comes months after UltraTech Cement absorbed Kesoram's cement division under a 1:52 share swap ratio. The scheme, effective March 1, 2025, finalised the transfer of the business under a composite arrangement dated April 1, 2024, leaving Kesoram focused on its non-cement portfolio. After the demerger, Kesoram ceased standalone manufacturing operations and now operates through its wholly owned subsidiary, Cygnet Industries, which houses its rayon, transparent paper and chemicals businesses. Its spun pipes and foundries unit in Bansberia, Hooghly, remains permanently closed or under suspension, while the rayon plant is also located in Hooghly district. Live Events Kesoram Industries reported a consolidated net loss of Rs 25.87 crore in the September quarter of FY25, compared with a net loss of Rs 69.92 crore a year earlier. Net sales declined 6.03 per cent year-on-year to Rs 55.17 crore. Frontier Warehousing is an unlisted company and is a leading logistics and storage solutions provider in the region. Management of Frontier was not available for comments. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Purchases for $50 or less that CNBC staffers say were truly worth the money. View More

You don't always have to splurge to make a gift feel thoughtful.Some of the most appreciated presents are $50-or-less items that genuinely make life easier — a manicure set that's more convenient than going to a salon, a weekly meal planner that actually gets used or a pair of stylish sunglasses that don't break the bank. If you're looking for gifts that fit that description — perhaps as a stocking stuffer or for a Secret Santa exchange at work — here are 11 inexpensive-yet-practical picks recommended by CNBC staffers. 1. At-home manicure set Price: $15 or lessI love the look of a gel manicure, but hate how they make my natural nails feel. These semi-cured nail strips from HeyHae are my new favorite solution. I apply them and go for a walk to let them cure in direct sunlight (you can also pop them under a UV lamp). After a few minutes, they harden so you can trim and shape them to your nail. They've lasted me almost two weeks without peeling or chipping, and some hot water and coconut oil pops them right off. Their foolproof designs have been great for my nails and wallet.— Jennifer Liu, Senior Work Reporter 2. Smear-proof pens Price: $17.35I cannot write or live without Pilot's G2 Ultra Fine Point Premium Gel Roller Pen (0.38 mm). I have packs in my desk at work, in my kitchen drawers at home and spare ones in every bag I own. I buy them mostly out of vanity: The pens make my my twirly handwriting look neater, and the ink is smear-proof (even for a lefty like me). They're also comfortable to write with, so much so that I get cranky when I have to use any other kind of pen. A pack of 12 lasts me the entire year — I use every pen until the ink runs out.— Megan Sauer, Success Reporter 3. Weekly meal planner Price: $17.50After years of scrawling grocery lists on notepads and Post-It notes, I purchased a meal planner from Rifle Paper Company on a whim. I've always been the type of person who believes buying a new notebook will magically improve my life, despite knowing it's, well, just paper. But this pad has definitely made things easier. I'm able to visually plan out my meals for the week while simultaneously making a grocery list. Perforated edges make it easy to separate the list from the rest of the page, so I can hang my plan on the fridge. Plus, it's pretty, which never hurts in making chores more palatable.— Emmie Martin, Money Editor 4. Gentle dog shampoo Price: $24I've been using the Lagenu Oatmeal Shampoo from Pup Studio NYC for my maltipoo, and it's worth every penny. The results are salon-level. The natural ingredients, like biotin and aloe vera, are gentle enough for sensitive skin, and there are no harsh chemicals. After every bath, his coat is soft, fluffy and smells heavenly!— Vanna Ben'Ous, Senior Editor, Contributors 5. Affordable sunglasses Price: $25A definite must-have for me for the summer (or really any sunny day) is Goodr sunglasses. Finding a decent pair of sunglasses has always been a pain for me. They're either ridiculously expensive or have cheap non-polarized lenses. Goodrs are affordable, fun and stylish, and they actually stay on my head without feeling like they're cutting off the circulation to my brain.— Zach Green, Video Producer 6. Kitchen scale Price: $25As someone whose job involves sitting down and staring at a screen approximately 90% of the time, futzing around the kitchen and doing something with my hands besides typing and clicking feels like an epiphany. It's probably why I find cooking and baking so therapeutic. But baking in particular also rewards precision and care. So, I bought myself a kitchen scale, the same top pick from Wirecutter my parents and brother already owned. I can now measure the exact number of grams of flour, sugar and anything else going into the bowl rather than hope that what I scooped, leveled or packed is close enough. It helps me get the right consistency and results I feel more confident sharing.— Stav Ziv, Contributors Editor 7. Foldable blanket Price: $30I take my Matador pocket blanket with me everywhere in the summer. It's about the size of an iPhone, but unfolds into a tarp large enough for two adults to sit on. The small size makes it easy to throw into my bag and have ready for a spontaneous park hang or bring along for a dry place to sit during a hike. Plus, it's super easy to clean.— Emmie Martin, Money Editor 8. On-the-go neck fan Price: $32Hot summers in New York City are bad enough, but it's somehow worse on the subway platforms, where poor air circulation and a lack of air conditioning routinely push temperatures past 100 degrees. Tired of the sweaty commutes, I finally picked up a portable neck fan this summer — and I've got to say, it actually works. The model I use has a strong, quiet motor that keeps my neck cool and my hair dry. It's less effective once temperatures top 100 degrees, but still a big improvement over the handheld electric fan I was using and much better than nothing at all. These days, I use it often when I'm outside in the heat.— Mike Winters, Money Reporter 9. Spiral-bound planner Price: $35The one desk item that I'm willing to splurge on is my planner. I am very picky. I need a planner that has plenty of space for my daily to-do list — a monthly calendar just isn't enough. It also has to be big enough for normal handwriting and a pretty cover is the cherry on top. This spiral-bound planner from Paper Source has helped me stay organized all year.— Sophie Caldwell, Associate Work Reporter 10. Dry shampoo Price: $48I balked at the price of the K-18 AirWash Dry Shampoo when I first saw it — $48 is a lot of money to spend on a hair product like that. But now that I've tried it, I'm never going back to regular dry shampoo. To put it simply, the K-18 AirWash is magical. It's damp when it sprays onto your hair, but within about 30 seconds, any oil that was there is completely gone. My hair feels fresh and clean every time I use it and it doesn't leave a chalky residue like other dry shampoos.Also, it lasts a really long time. I've used this product every other day for months and there's still a lot left in the bottle.— Ashley Turner, Director of Social Media 11. Fleece-lined gloves Price: $50After two years of of searching, I finally found my Holy Grail of gloves. My qualifications are twofold: Warm enough for hourlong winter walks, particularly in the fingertips.Thin enough to maintain dexterity, so I can tie up my dog's poop bags without having to take my gloves off. The Craft Sportswear ADV Lumen Hybrid Gloves have optional mitten covers — warm, fleece-lined ones — which helps them check my first box. I stow the mitten covers away, quickly popping them into a pocket on the backs of the hands, when I need to clean up after my dog or give her a treat. An unexpected bonus: They're available at REI, so you can try them on before you buy them, an oft-forgotten perk in today's e-commerce age.— Cameron Albert-Deitch, Success EditorCNBC Make It independently determines what we cover and recommend in the "Worth the Money" section. Opinions, analyses, reviews, or recommendations have not been reviewed, approved, or otherwise endorsed by any third party.Sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life, and request to join our exclusive community on LinkedIn to connect with experts and peers. VIDEO7:1007:10I quit my $390,000 a year job at Google for a mini retirement in SwitzerlandMillennial Money