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Shares of Advanced Micro Devices slid more than 5% on Wednesday after the company said it could incur charges of up to $800 million for exporting its MI308 products to China and other countries. "The Company expects to apply for licenses but there is no assurance that licenses will be granted," AMD said in the filing with the Securities and Exchange Commission. The new U.S. license requirement, which applies to exports of certain semiconductor products, would hit inventory, purchase commitments and related reserves, AMD said in the filing.

U.S. ride-hailing firm Lyft on Wednesday announced that it’s buying European taxi app Free Now in a 175 million euro ($199 million) deal. Read more: cnb.cx/3E9tpFi

California on Wednesday is set to sue President Donald Trump to halt his sweeping tariff regime, arguing that he is implementing his protectionist trade agenda illegally. The forthcoming federal lawsuit will make California the first state to challenge the Trump administration over its wide-ranging tariff plans, which have whipped up historic market volatility and frayed America's relationships with its allies and trading partners. "Donald Trump does not have the authority to unilaterally impose the largest tax hike of our lifetime with his destructive tariffs," California Gov. Gavin Newsom wrote on X. "We're taking him to court."

Technology stocks declined Wednesday, led by a 5% drop in Nvidia, as the chipmaking sector signaled that President Donald Trump's sweeping tariff plans could hamper demand and growth. Nvidia revealed in a filing Tuesday that it will take a $5.5 billion charge tied to exporting its H20 graphics processing units to China and other countries and said that the government will require a license to ship the chips there and other destinations. The chip was designed specifically for China use during President Joe Biden's administration to meet U.S. export restrictions barring the sale of advanced AI processors, which totaled an estimated $12 billion to $15 billion in revenue in 2024. Advanced Micro Devices said in a filing Wednesday that the latest export controls on its MI308 products could lead to an $800 million hit.

Business is booming at Texas Roadhouse and LongHorn Steakhouse. In 2024, Texas Roadhouse became the biggest casual dining chain, surpassing Olive Garden, which had held the top spot since 2018, according to research firm Technomic. Find the full report on why: cnb.cx/42eRxzn

Mary Gui says she's always had a passion for fashion. The world of pharmaceutical marketing, where she worked full-time, was far from it. So she decided to leave her job, launching a fashion blog that eventually led to the creation of Sock Candy, her Los Angeles-based company that sells sheer socks with bright patterns. It brought in just over $1.25 million in 2024 revenue, including more than $375,000 in profit, according to documents reviewed by CNBC Make It. More recently, Gui appeared on Friday's episode of ABC's "Shark Tank," earning a verbal investment deal with millionaire entrepreneur Barbara Corcoran.

“The weakest region that we have is domestic,” United Airlines CEO Scott Kirby said on Wednesday. He said the second-weakest segment is Canada, where United and other carriers have scaled back flights due to falling demand this year. Read more: cnb.cx/4jE78OX

CNBC’s Megan Cassella reports on President Trump's investigation into critical mineral imports over national security concerns. Find more: cnb.cx/4cK4Yef

The secret to having impact is being able to influence how others think and act. And as a leadership expert who's studied mental strength for 30 years, I know that the No. 1 thing you can do to be more influential is something anyone can do: be a truly active listener. Think about the people in your life who are great listeners, the ones who take the time to understand what you're saying, to validate you, and to show they care. I'll bet they're tremendously influential forces in your life. Their attentiveness means you're probably much more inclined to believe they have your best interests at heart, to seek and take their advice, to take their input into account, and to want to help them out with anything they might need.

For millions of low-income Americans — already rattled by the threat of tariffs and higher prices — changes to a program that helps with grocery costs could make life more expensive. House Republicans are seeking to cut $230 billion of the U.S. Department of Agriculture's budget over the next decade to pay for tax cuts. The Senate version of the bill calls for at least $1 billion in USDA cuts. Most, or all, of those savings would come from cutting funding for the Supplemental Nutrition Assistance Program, formerly known as food stamps. The proposed cut, if approved, would be three times steeper than the largest previous reduction ever made, after adjusting the average annual cut for inflation, according to UnidosUS, which advocates for Latinos in the U.S.