Business news
- Nintendo shares sink 10% as gaming giant faces memory shortage concerns - Nintendo fell over 10% in Asia trade as the gaming giant faces headwinds from an unprecedented memory shortage.
- Gold extends gains, breaking past $5,000; Asia stocks mostly track Wall Street losses on tech pullback - Asia-Pacific markets mostly fell, tracking Wall Street losses as a sell-off in U.S. technology stocks weighed on sentiment.
- Pinterest CEO rebukes, fires 'obstructionist' employees who created tool to track layoffs - Pinterest CEO Bill Ready lashed out at staffers who created an internal tool to track layoffs at the company, and fired those involved.
- Fed's Stephen Miran resigns from White House post - Federal Reserve Governor Stephen Miran has stepped down from his position as chair of the Council of Economic Advisers, CNBC has confirmed.
- AMD shares drop as forecast comes up short of some expectations - AMD's first-quarter forecast fell short of what some analysts were hoping for amid an AI spending boom.
- Chipotle stock sinks as restaurant chain reports falling traffic, weak guidance - Chipotle stock has fallen about 33% over the last year, dragging the company's market value down to about $51 billion.
- U.S. military shoots down Iranian drone that 'aggressively approached' aircraft carrier - The U.S. Central Command said the drone approached the USS Abraham Lincoln with "unclear intent."
- Novo Nordisk shares tumble after company warns of sales hit this year - The company is banking on its Wegovy pill and next-generation weight loss injectable CagriSema to recapture share of the key U.S. market.
- House Republicans move toward reopening U.S. government - The government partially shut down Saturday morning after Congress failed to pass a six-bill package to fully fund the government.
- Musk's xAI, SpaceX combo is the biggest merger of all time, valued at $1.25 trillion - The record-setting deal will be the largest merger of all time and is valued at $1.25 trillion
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