CNBC
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....
European stocks poised to rebound ahead of key inflation update
Investors are awaiting data that will shed further light on the economic impact of the U.S.-Iran war....
Amazon's four-day Prime Day event starts June 23, as shoppers battle inflation
Amazon's four-day shopping fest comes after U.S. consumer sentiment dropped in May to a record low....
Trump administration proposes 25% tariff on Brazilian goods over unfair trade practices
U.S Trade Representative Jamieson Greer said that the investigation under Section 301 was launched at the direction of U...
Blackstone closes its largest Asia private equity fund at over $13 billion
Blackstone raised $13.1 billion for its latest Asia private equity vehicle, marking the largest private equity fundraise...
NBA star Stephen Curry signs deal with Chinese sportswear giant Li-Ning
Stephen Curry has entered into a partnership with Li-Ning, which would involve product development as well as sports cul...
Asia-Pacific stocks open lower as uncertainty over U.S.-Iran peace talks dents sentiment
Asia-Pacific markets open mixed on Tuesday as investors weighed renewed uncertainty over U.S.-Iran peace negotiations....
Blue Origin launchpad damaged in rocket explosion may not be restored until 2028, NASA's Isaacman says
NASA has tapped Jeff Bezos' Blue Origin for several contracts in the agency's Artemis return-to-the-moon program....
Alphabet plans to raise $80 billion from stock sales to fund AI buildout
Alphabet said it plans to sell $80 billion in stock, including through a $10 billion investment by Berkshire Hathaway....
Microsoft and Google are late to AI coding, but 'absolutely critical' they compete for growth
Coding tools are becoming an increasingly big target for Google and Microsoft as they try to catch up to Anthropic and O...
HPE skyrockets 30% on biggest earnings beat since 2018
HPE's blowout second-quarter earnings report was highlighted by a strong Cloud & AI segment that showed soaring serv...
McDonald's unveils new global growth strategy to win over diners as competition rises
McDonald's new growth plan comes as inflation and high gas prices mean restaurants are competing for a smaller pool of c...
Trump administration plans to drop DOJ's $1.8B 'lawfare' fund, reports say
Senate Democratic Leader Chuck Schumer said he was launching an effort to kill "slush fund" by forcing Republicans to vo...
SpaceX sets aside up to 5% of shares in IPO for certain employees and friends
In an updated IPO prospectus, SpaceX said that up to 5% of stock being offered by the company in the offering will be av...
Trump tells CNBC: 'I don't care' if Iran negotiations are over
President Trump spoke with CNBC's Eamon Javers about the latest with the Iran war in an interview Monday....
Anthropic confidentially files IPO prospectus with SEC
Anthropic said it confidentially filed its IPO prospectus with the SEC, setting up a potentially historic share sale for...
Remote work is worsening youth unemployment, New York Fed finds
The expansion of remote work may explain the recent surge in youth unemployment, according to research by the Federal Re...
Anthropic to offer EU access to its advanced Mythos model
Anthropic is sharing access to its most advanced AI model, Mythos, with the EU after the region sought permission over c...
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