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President Donald Trump could “start taking sharp measures” on Monday if the government shutdown continues after the Senate’s next votes on stopgap funding bills, National Economic Council Director Kevin Hassett said.Hassett’s warning on CNBC’s “Squawk Box” came after he said Democrats will be to blame for “any government worker that loses their job” due to reduction-in-force orders issued in response to the shutdown.The Trump administration has repeatedly asserted that the shutdown will result in thousands of federal employees being laid off, rather than merely furloughed, as has been the case in past funding lapses.Hassett said Monday morning that he expects…

Jason Kim, chief executive officer of Firefly Aerospace, center, during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle | Bloomberg | Getty ImagesFirefly Aerospace stock gained 6% Monday, after the space company said it is buying defense technology contractor SciTec for $855 million as it looks to strengthen its national security offering.The deal, announced Sunday, is slated to close at the end of the year and includes $300 million in cash and $555 million in Firefly shares.”These capabilities significantly enhance our ability to deliver integrated, software-defined solutions for…

Jim Cramer knows how to assess a business. The host of CNBC’s “Mad Money” and the author of “How to Make Money in Any Market” has spent his career poring over balance sheets and earnings statements.And while it may be a few years until California Burrito, an India-based Mexican restaurant chain founded by 36-year-old American Bert Mueller, starts appearing on stock tickers, Cramer is impressed with the company’s story.CNBC Make It asked Cramer to react to the site’s profile of Mueller and his business, which in 2024 brought in $23 million in revenue across 103 locations.Cramer, the one-time owner of…

US President Donald Trump signs executive orders relating to higher education institutions, alongside US Secretary of Education Linda McMahon (R), in the Oval Office of the White House in Washington, DC, on April 23, 2025. Saul Loeb | Afp | Getty ImagesThe Trump administration has resumed forgiving student debt for some borrowers enrolled in a program that’s been partially paused since July, a trade group told CNBC.Borrowers who have been in repayment for decades and are eligible for debt cancellation under the Income-Based Repayment plan, or IBR, are getting notices that they will soon receive the relief.Scott Buchanan, executive director…

Dan Schulman speaking at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2020.Adam Galica | CNBCVerizon announced on Monday that the board of directors has appointed former PayPal CEO Dan Schulman as the company’s new CEO.Schulman replaces Hans Vestberg, who had led the company since 2018.Shares of the company sank roughly 5% on Monday.Verizon said Vestberg will remain on the board of directors until the 2026 annual meeting and will serve as a special advisor through Oct. 4, 2026, to ensure a smooth transition and close the deal to acquire Frontier Communications.Verizon on Monday also announced that Mark…

Sopa Images | Lightrocket | Getty ImagesGalaxy Digital shares jumped 7% Monday after the digital assets investment firm led by CEO Mike Novogratz unveiled a Robinhood-like trading platform, called GalaxyOne.The platform, which launched Monday, hosts commission-free buying and selling of more than 2,000 stocks and exchange-traded funds, in addition to trading of cryptocurrencies such as bitcoin and ether, Galaxy Digital said in a statement.GalaxyOne also offers several yield-bearing accounts, including a 4% annual percentage yield on cash deposits and an 8% yield investment note for accredited investors who put up a minimum of $25,000, the company said.Galaxy shares have more…

Billionaire hedge fund manager Paul Tudor Jones believes the conditions are set for a powerful surge in stock prices before the bull market tops out.”My guess is that I think all the ingredients are in place for some kind of a blow off,” Jones said Monday on CNBC’s “Squawk Box.” “History rhymes a lot, so I would think some version of it is going to happen again. If anything, now is so much more potentially explosive than 1999.”The founder and chief investment officer of Tudor Investment said today’s market is reminiscent of the setup leading up to the burst of the dot-com…

My top 10 things to watch Monday, Oct. 6 1. Advanced Micro Devices won a huge AI chip order from OpenAI, sending the stock soaring nearly 25% this morning. Big win for AMD in its bid to catch Club name Nvidia . AMD expects the deal to generate tens of billions of dollars in new revenue. Seems impossible, but it happened. The immensity is staggering. 2. Cincinnati-based Fifth Third is buying rival regional lender Comerica in a $10.9 billion all-stock deal. This is a great bank buying a weak bank. Comerica, headquartered in Dallas, has faced pressure from investors to…

Israel has killed more than 100 Palestinians since Hamas agreed on Friday to release all captives as part of the latest US ceasefire plan, with truce negotiations set to begin Monday in Egypt. Heavy bombing rocked the Gaza Strip over the weekend, with strikes reported on residential neighborhoods, refugee camps, and aid distribution points. Residents of Gaza City also reported the use of explosive barrels dropped by remotely controlled vehicles, targeting homes in the al-Jalaa neighbourhood and other areas. The Gaza-based Government Media Office said at least 94 people were killed on Saturday and Sunday. At least seven more were killed…

Treasury Secretary Scott Bessent will remain in his role as commissioner of the Internal Revenue Service, with a new official to be announced as his top deputy, CNBC’s Eamon Javers has learned.Bessent took over the IRS in August after President Donald Trump removed Billy Long from the post just two months after his confirmation. No prior Treasury secretary also had led the IRS, raising questions over politicization of the tax collection service. Long has since been nominated to be the U.S. ambassador to Iceland.Though the situation was supposed to be temporary, Trump has decided he wants Bessent to keep control…