New Trump tariffs collection hits $200 billion, Customs says

New Trump tariffs collection hits 0 billion, Customs says

President Donald Trump smiles from the field before the 126th America’s Game between the Army Black Knights and the Navy Midshipmen at M&T Bank Stadium in Baltimore, Dec. 13, 2025. Patrick Smith | Getty Images The United States has collected more than $200 billion in tariffs this year as a result of new duties imposed … Read more

Pentagon takes big stake in new Korea Zinc smelter in Tennessee, will get 10% of company

Pentagon takes big stake in new Korea Zinc smelter in Tennessee, will get 10% of company

The Defense Department is getting a 40% stake in a $7.4 billion mineral smelter to be built in Tennessee in partnership with Korea Zinc, Reuters reported Monday. The critical minerals smelting and processing facility could produce 540,000 tons of materials in the U.S. per year, according to the U.S. Commerce Department. The deal comes as … Read more

AI infrastructure selloff continues on Wall Street as Broadcom, Oracle shares slide

AI infrastructure selloff continues on Wall Street as Broadcom, Oracle shares slide

Broadcom CEO Hock Tan. Lucas Jackson | Reuters In at least one corner of the artificial intelligence market, sentiment has turned decidedly negative. Broadcom, CoreWeave and Oracle, three companies intimately tied to the AI infrastructure buildout, all had another rough day on Wall Street on Monday after selling off sharply last week. While the three … Read more

BofA’s Savita Subramanian says the S&P 500 will rise to 7,100 in 2026, the most bearish forecast on the Street thus far

BofA’s Savita Subramanian says the S&P 500 will rise to 7,100 in 2026, the most bearish forecast on the Street thus far

Bank of America Securities’ Savita Subramanian just issued the most bearish view on the Street for 2026, based on CNBC’s early calculations. The firm’s head of U.S. equity and quantitative strategy expects the S & P 500 will end next year at 7,100, a target that means the broader index will rise just 4% above … Read more

AI tools could drive $263 billion in holiday sales. Walmart and Target are racing to get in

AI tools could drive 3 billion in holiday sales. Walmart and Target are racing to get in

Holiday shopping has always felt like a “chore” for Amrita Bhasin.  Between deciding what to buy, comparing prices and checking reviews, the 24-year-old retail tech CEO said she spent more than 15 hours each year buying gifts for her friends and family, a process that took the joy out of giving.  But this year, Bhasin … Read more

ServiceNow in talks to acquire cybersecurity startup Armis in potential $7 billion deal, Bloomberg reports

ServiceNow in talks to acquire cybersecurity startup Armis in potential  billion deal, Bloomberg reports

Software company ServiceNow is in advanced talks to buy cybersecurity startup Armis, which was last valued at $6.1 billion, Bloomberg reported.  The deal, which could reach $7 billion in value, would be ServiceNow’s largest acquisition, the outlet said, citing people familiar with the situation who asked not to be identified because the talks are private.  … Read more

Engine failure forces United Airlines flight to return to Washington, D.C.-area airport

Engine failure forces United Airlines flight to return to Washington, D.C.-area airport

A United Airlines airplane is towed from a gate at Newark Liberty International Airport on August 10, 2025, in Newark, New Jersey. Gary Hershorn | Corbis News | Getty Images A United Airlines flight bound for Tokyo was forced to return to Dulles International Airport in northern Virginia on Saturday afternoon after experiencing an engine … Read more

TSA is giving airline passenger data to ICE for deportation push: NYT

TSA is giving airline passenger data to ICE for deportation push: NYT

An employee with the Transportation Security Administration (TSA) checks the documents of a traveler at the Hollywood Burbank Airport in Burbank, California, U.S., Oct. 1, 2025. Daniel Cole | Reuters The Transportation Security Administration is giving U.S. immigration officials the names of every airline traveler as part of the Trump administration’s widespread deportation program, The … Read more

Broadcom tumbles 11% despite blockbuster earnings as ‘AI angst’ weighs on Oracle, Nvidia

AI infrastructure selloff continues on Wall Street as Broadcom, Oracle shares slide

Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom’s quarterly results and guidance sailed past Wall Street estimates. It didn’t matter. The chipmaker’s shares plummeted 11% on Friday, their worst day since January, as investors ran for the exits on the artificial intelligence trade. Oracle dropped 4.5% a day after plunging 10% following its earnings … Read more

A big week of economic data is next for a stock market in the throes of a major rotation

A big week of economic data is next for a stock market in the throes of a major rotation

The stock market will have to get through a big week of economic data ahead, as it undergoes a major rotation that could drive the market toward a year-end rally. The week ahead is stacked with big reports — including jobs and inflation data — that have been delayed because of the government shutdown. November … Read more