CNBC

Why we're raising our price target on Broadcom despite its post-earnings sell-off

Broadcom's AI business will continue to shine and outpace the conservative forecast....

1 week ago

Inside India newsletter: Why Taiwan and South Korea's stock markets have surged past India within a week

The Indian equity market is losing favour with global investors, as its domestic consumption story weakens and the country lags in AI....

1 week ago

Asia-Pacific markets set to open lower on renewed Middle East tensions

Asia-Pacific markets were set to open lower amid renewed tensions between Iran and the U.S. and worries that the conflict may keep inflation elevated....

1 week ago

Jim Cramer warns excess supply could be the next biggest threat to the bull market

CNBC's Jim Cramer warned that a growing wave of AI-related capital raises could overwhelm investor demand and create a near-term headwind for stocks....

1 week ago

SpaceX targets $135 IPO price at valuation of $1.77 trillion

The valuation would make Elon Musk's company the seventh-biggest in the U.S., above Tesla, which has a market cap of about $1.6 trillion....

1 week ago

Broadcom stock slip on revenue miss

Broadcom reported fiscal second-quarter results on Wednesday and missed estimates for revenue....

1 week ago

Senate GOP strips up to $1B for Trump ballroom security from immigration enforcement bill

GOP leaders reportedly privately concluded that the funding proposal risked derailing the broader immigration bill, both politically and procedurally....

1 week ago

Bitcoin's high conviction holders are turning into sellers as the crypto's price hits new lows

In the past two days, bitcoin's highest conviction holders have sold about $2.4 billion in bitcoin....

1 week ago

Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry, report finds

Social Security faces a looming depletion date for its retirement trust fund. A new report looks at how much benefit cuts Americans may see to their benefits....

1 week ago

A classic strategy that could yield big dividends

Packaging Corp of America (PKG) is an old-school, brick-and-mortar industrial business....

1 week ago

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 munitions and industrial production....

1 week ago

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....

1 week ago

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...

1 week ago

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....

1 week ago

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 mainstay of the network....

1 week ago

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-based....

1 week ago

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....

1 week ago

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 housing regulatory agency....

1 week ago

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 for mortgages fell overall....

1 week ago

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 reinvest in ones worth keeping open....

1 week ago

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....

1 week ago

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....

1 week ago

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."...

1 week ago

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 infrastructure, the drugmaker said....

1 week ago

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 competitive market....

1 week ago

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....

1 week ago

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 the AI winners in the future....

1 week ago

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 all is not as good as it looks....

1 week ago

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....

1 week ago

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, and 12.5% for all other economies....

1 week ago

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 by redistricting in various states....

1 week ago

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" by Iran....

1 week ago

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 closed....

1 week ago

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....

1 week ago

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....

1 week ago

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 the Jan. 6, 2021, U.S. Capitol Riot....

1 week ago

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 enemies for prosecution....

1 week ago

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 stocks support the AI bull market....

1 week ago

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 controlled by OpenAI, Anthropic and Google....

1 week ago

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 Iran ending talks with the U.S....

1 week ago

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....

1 week ago

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 models....

1 week ago

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 the prior month....

1 week ago

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 Attorney General Letitia James....

1 week ago

Anthropic expands Mythos to 150 additional organizations in more than 15 countries

1 week ago

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....

1 week ago

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 young shoppers across all incomes....

1 week ago