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A classic strategy that could yield big dividends
Packaging Corp of America (PKG) is an old-school, brick-and-mortar industrial business....
China, tungsten and a supply shock in metal critical for war that will last far beyond Iran conflict
Simultaneous wars in Ukraine and Iran have depleted sources of tungsten, a largely obscure metal that is critical to mun...
OpenAI CEO Sam Altman to meet with lawmakers, Trump officials in DC
President Donald Trump signed an executive order about AI this week, which Altman voiced support for....
Uber slashes people division by nearly a quarter. CEO says 'changes are necessary'
Uber said the cuts were not driven by AI, which has allowed many tech businesses to cut costs and automate workloads...
KKR, Ares, Blackstone tumble as Partners Group caps private equity fund withdrawals
U.S. private markets firms fell on Wednesday, as concerns over redemption pressure returned to the spotlight....
CBS fires veteran correspondent Scott Pelley amid turmoil over direction of '60 Minutes'
CBS News has fired high-profile "60 Minutes" correspondent Scott Pelley amid debate about the direction of the show, a m...
Private payrolls grew by 122,000 in May, stronger than expected, ADP reports
Unlike prior months, where job growth was concentrated in healthcare and a few other sectors, gains were more broad-base...
Europe unveils tech sovereignty package amid growing concerns over reliance on U.S. tech: 'We want to be sure nobody has a kill switch'
The proposals include new acts to bolster advanced chip manufacturing and homegrown cloud computing....
GOP Sen. Tillis slams Trump intelligence pick Pulte: 'Don't think he has a prayer'
Pulte is widely viewed as a Trump loyalist who has targeted the president's political foes during his tenure leading the...
Mortgage rates are easing slightly, but homebuyers are retreating
Mortgage rates fell slightly last week, but neither current homeowners nor potential homebuyers were inspired. Demand fo...
Macy's posts strongest Q1 growth in four years, raises guidance despite consumer worries
Macy's has been in the midst of a turnaround under CEO Tony Spring, who has worked to close underperforming stores and r...
Trump says Iran agreed to not have nuclear weapons, but 'they can change their mind'
The president was speaking to the New York Post's "Pod Force One" podcast in a wide-ranging interview....
OECD warns of global slowdown as U.S.-Iran war stymies economic growth prospects
The OECD has cut its global growth outlook, warning of lasting damage caused by the Middle East conflict....
Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author
The new Fed chair has made his first hires. One wrote the Fed chapter in conservative policy blueprint "Project 2025."...
Novo Nordisk rolls out Wegovy pill in the UAE — its first market outside the U.S.
Novo's approach to global launches will be guided by patient demand and the strength of healthcare and telehealth infras...
Tesla's China-made EV sales jump nearly 40% in May as domestic market rebounds
Sales of Tesla's China-made electric vehicles rose by nearly 40% in May amid a broader recovery in the country's competi...
Dulux owner Akzo Nobel plummets 19% after takeover talks fall through
Investors are also continuing to monitor developments in the U.S.-Iran war after tensions escalated overnight....
Perplexity CEO tells CNBC one metric will determine who wins the AI race
Perplexity CEO Aravind Srinivas said that whichever company can provide the "most taken value per watt per user" will be...
UK Exchange newsletter: English football — in a league of its own?
English football appears to be riding high following Arsenal's Premier League win. But scratch beneath the surface and a...
Like Indonesia, India's central bank may hike rates to defend its currency
A falling currency and rising risk of higher inflation could prompt India's central bank to hike interest rates....
U.S. proposes fresh tariffs on 60 economies over forced labor trade practices
USTR has proposed a 10% duty rate for economies that have adopted a full or partial prohibition on forced labor trade, a...
Supreme Court allows Alabama to use congressional map that dilutes Black vote
The ruling is a victory for Republicans, who have sought to retain their slim majority in the House of Representatives b...
Oil climbs as U.S.-Iran trade strikes while Trump says negotiations with Tehran underway
U.S. Central Command said Tuesday that it had defeated multiple Iranian ballistic missiles following "attempted attacks"...
Japan's Nikkei hits record high as Asia markets rise amid Middle East concerns
Asia-Pacific markets opened higher even amid concerns over volatile oil prices with the Strait of Hormuz remaining close...
We're upping our Palo Alto price target after strong earnings vanquish AI disruption fears
The business momentum is clear here, validating the stock's dramatic comeback to fresh highs....
Iran has mined 'large segments' of Hormuz Strait, Secretary of State Rubio says
Rubio called Iran's actions illegal in testimony to the Senate Foreign Relations Committee....
Trump still protected from tax enforcement, but anti-weaponization fund is dead, Blanche says
The DOJ's $1.8 billion faced strong criticism because it could have compensated people convicted of crimes related to th...
Pulte appointment as spy chief would give Trump attack dog access to the 'crown jewels'
In his role atop the housing finance agency, Bill Pulte has used his access to mortgage records to refer some top Trump ...
Why BlackRock's Rick Rieder feels 'a bit more relaxed' about AI bull market than dotcom era
'I think you gotta stay in,' says the top BlackRock investing official, as earnings growth and cash to be reinvested in ...
Microsoft unveils new AI models to lessen reliance on OpenAI and lower costs for developers
At its Build developer conference, Microsoft is announcing series of generative AI models to try and crack a market cont...
Trump, Rubio say talks with Tehran ongoing despite Iranian media claims otherwise
President Trump on Monday told CNBC that "I really don't care. I couldn't care less" when asked about the prospect of Ir...
The CFTC has sparked a potential revolution on Wall Street. Exchange stocks are dropping
Investors are worried about increased competition for the traditional exchanges that have long dominated on Wall Street....
Trump signs AI executive order asking companies to give government early access to models
AI developers, on a voluntary basis, are asked to collaborate with the government and provide early access to frontier m...
Job openings in April surged to 7.6 million, the highest in nearly two years
The Bureau of Labor Statistics reported that available employment hit 7.6 million for the month, a surge of 731,000 from...
Trump picks housing Dir. Bill Pulte as acting intelligence chief, replacing Tulsi Gabbard
Pulte has alleged wrongdoing related to mortgages against Trump's foes, Federal Reserve Governor Lisa Cook and New York ...
We're right-sizing our position in an AI stock after its impressive run this year
Our position has swelled after the stock's strong rally since its last quarter....
Victoria Secret shares spike 40% after big earnings beat, raised sales outlook
Victoria's Secret has been in the midst of a turnaround under CEO Hillary Super, who said the company is winning over yo...
Nvidia's Jensen Huang says Marvell could be the next trillion-dollar company; stock jumps 25%
Nvidia's CEO, Jensen Huang, hailed this chip designer as the next trillion-dollar firm, sending its shares up sharply in...
Biotech takeover target Abivax sinks over 30% after bowel disease drug trial update
Shares of French biotech Abivax tumbled 32% after it reported fresh data on its lead asset....
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