CNBC

Why Michigan voters are hearing 'communist' as they vote Tuesday

Why Michigan voters are hearing 'communist' as they vote Tuesday

President Donald Trump and Republican allies are escalating attacks that label Democrats communists after progressive ca...

1 week ago
AMD earnings are a key test for chips and momentum stocks. Here's what the options market is saying

AMD earnings are a key test for chips and momentum stocks. Here's what the options market is saying

As AMD prepares to report earnings Tuesday after the bell, market participants face a divergence between positive earnin...

1 week ago
Pfizer tops estimates, hikes low end of revenue guidance on strength of Eliquis, other drugs

Pfizer tops estimates, hikes low end of revenue guidance on strength of Eliquis, other drugs

Pfizer said it cut its full-year revenue expectation for its Covid products to $4 billion, down from around $5 billion p...

1 week ago
McDonald's earnings beat estimates, chain announces new U.S. head to accelerate growth

McDonald's earnings beat estimates, chain announces new U.S. head to accelerate growth

McDonald's stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion....

1 week ago
Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges

Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges

Merck cut its profit guidance due to a charge tied to its acquisition of biotech company Terns Pharmaceuticals. ...

1 week ago
Palantir jumps 16% on 'otherworldly' commercial revenue — here's what's driving the demand

Palantir jumps 16% on 'otherworldly' commercial revenue — here's what's driving the demand

"Our customers have declined to become vassal states of the language labs," Palantir's co-founder and CEO Alex Karp said...

1 week ago
Trump warns Iran talks are ‘last chance’ to end war — oil prices rise as Tehran denies negotiations

Trump warns Iran talks are ‘last chance’ to end war — oil prices rise as Tehran denies negotiations

President Donald Trump has warned that the latest round of negotiations with Iran are the "last chance" to bring an end ...

1 week ago
BP profit more than doubles as Trump blasts Big Oil for ‘making too much money’

BP profit more than doubles as Trump blasts Big Oil for ‘making too much money’

The result come after U.S. President Donald Trump lashed out at Big Oil for making "too much money" off higher fuel pric...

1 week ago
Saudi Aramco profits soar in second quarter as Iran war squeezes oil supply

Saudi Aramco profits soar in second quarter as Iran war squeezes oil supply

The results come as oil supermajors have reported blowout quarterly profits, benefitting from higher fossil fuel prices ...

1 week ago
AI is helping Grab ship products 3 times faster, CFO says, as company raises forecasts

AI is helping Grab ship products 3 times faster, CFO says, as company raises forecasts

Grab reported second-quarter results on Tuesday and raised its full-year outlook....

1 week ago
India to raise up to $3.3 billion by selling stake in country’s largest life insurer at 10% discount

India to raise up to $3.3 billion by selling stake in country’s largest life insurer at 10% discount

Indian government plans to raise up to $3.3 billion by selling its stake in the country's top life insurance company....

1 week ago
Analysis: Federal Reserve may be pulled into Bessent’s effort to support Japan’s yen

Analysis: Federal Reserve may be pulled into Bessent’s effort to support Japan’s yen

Treasury Secretary Scott Bessent wants to defend the yen without selling Treasurys into a sensitive U.S. bond market. Th...

1 week ago
Jim Cramer says the market has warmed up to Big Tech's AI spending. Here's what flipped the switch

Jim Cramer says the market has warmed up to Big Tech's AI spending. Here's what flipped the switch

Cramer said Amazon CEO Andy Jassy finally explained how Amazon's massive AI spending will generate long-term returns....

1 week ago
Big Tech's Anthropic and OpenAI stakes are distorting the corporate earnings picture

Big Tech's Anthropic and OpenAI stakes are distorting the corporate earnings picture

If you were to strip out Big Tech's investment gains from private AI companies, the earnings story is a lot less bullish...

1 week ago
Snap's stock jumps 12% on earnings beat and strong sales forecast

Snap's stock jumps 12% on earnings beat and strong sales forecast

Snap beat analysts' estimates across the board in its second-quarter earnings report....

1 week ago
Twenty five states sue Trump administration over latest global tariffs

Twenty five states sue Trump administration over latest global tariffs

Twenty five states sued the Trump administration, arguing its latest global tariffs unlawfully replace duties already st...

1 week ago
'The Odyssey' fuels Imax stock to all-time high. CEO calls momentum a 'flywheel'

'The Odyssey' fuels Imax stock to all-time high. CEO calls momentum a 'flywheel'

Imax shares hit an all-time high Monday as the company continues to haul in box office receipts for Christopher Nolan's ...

1 week ago
Hugging Face CEO says China is winning the AI race and dominating on open models

Hugging Face CEO says China is winning the AI race and dominating on open models

Hugging Face CEO Clément Delangue said Chinese AI models could catch up to the U.S. as soon as this year....

1 week ago
FAA clears smallest Boeing 737 Max to fly after years of delays

FAA clears smallest Boeing 737 Max to fly after years of delays

Airlines can finally start flying passengers soon after planes are certified, but it can take them months to work them i...

1 week ago
White House to host AI companies Tuesday to review new model-testing framework

White House to host AI companies Tuesday to review new model-testing framework

President Donald Trump’s June executive order directed officials to develop a process to evaluate the cybersecurity capa...

1 week ago
Amazon tops $3 trillion market cap as stock continues post-earnings surge

Amazon tops $3 trillion market cap as stock continues post-earnings surge

Shares of Amazon hit a new all-time high Monday, putting its market cap over $3 trillion....

1 week ago
Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams

Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams

It is also the latest move by Visa to expand its value-added services business, which has become one of the company's fa...

1 week ago
SpaceX's post-IPO plunge sets tense backdrop for first earnings report

SpaceX's post-IPO plunge sets tense backdrop for first earnings report

Two weeks after Tesla's earnings report was panned by Wall Street, Elon Musk faces investors again, but this time to dis...

1 week ago
Are Americans ready to embrace tiny 'cars'? These companies think so

Are Americans ready to embrace tiny 'cars'? These companies think so

Electric low-speed vehicles, or LSVs, are a step above a traditional golf cart but below a typical light-duty car or tru...

1 week ago
Senate appears ready to advance Blanche after Cornyn strikes deal

Senate appears ready to advance Blanche after Cornyn strikes deal

Sen. John Cornyn, R-Texas, a key holdout on confirming Todd Blanche for attorney general, struck a deal to end the contr...

1 week ago
Greece wildfire in pictures: Firefighters battle blaze worsened by 100km per hour winds

Greece wildfire in pictures: Firefighters battle blaze worsened by 100km per hour winds

Greece is entering its second week of wildfires spread by extreme winds as more countries in Southern Europe battle with...

1 week ago
What the market is saying about the U.S. intervention to prop up the yen

What the market is saying about the U.S. intervention to prop up the yen

Following the joint involvement the yen now sits at ¥157 to the dollar, down from just above ¥163, which represented its...

1 week ago
Alibaba shares rally after unveiling its 'most powerful' AI model as U.S.-China competition heats up

Alibaba shares rally after unveiling its 'most powerful' AI model as U.S.-China competition heats up

Alibaba unveiled its latest and 'most powerful' AI model Qwen3.8-Max on Monday as Chinese companies race to close the AI...

1 week ago
AstraZeneca shares drop 7% after report on $400 billion merger talks with Bristol Myers Squibb

AstraZeneca shares drop 7% after report on $400 billion merger talks with Bristol Myers Squibb

The companies have discussed a potential merger over several months, the Financial Times reported on Sunday....

1 week ago
'Winter is coming': Ukraine fears its toughest test since Russia's full-scale invasion

'Winter is coming': Ukraine fears its toughest test since Russia's full-scale invasion

Russian forces have ramped up the number of missile strikes on Ukrainian cities, likely seeking to exploit Kyiv's shorta...

1 week ago
Why the U.S. stepped in after decades to prop up Japan's yen — and what's at stake

Why the U.S. stepped in after decades to prop up Japan's yen — and what's at stake

Washington's decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare c...

1 week ago
Trump says Iran talks to resume Monday after calling off planned strikes

Trump says Iran talks to resume Monday after calling off planned strikes

The latest peace proposal calls for warring parties to return to negotiations and continue working out some of the thorn...

1 week ago
U.S., Japan confirm coordinated yen intervention, signal readiness for more

U.S., Japan confirm coordinated yen intervention, signal readiness for more

Japan's Finance Ministry said Monday it conducted a coordinated yen-buying intervention with the U.S. Treasury on Friday...

1 week ago
Oil drops over 4% after Trump calls off planned strike on Iran

Oil drops over 4% after Trump calls off planned strike on Iran

Oil prices fell on Monday as investors pared geopolitical risk premiums after U.S. President Donald Trump said he had ca...

1 week ago
AstraZeneca in talks with Bristol Myers Squibb on $400 billion megadeal, FT reports

AstraZeneca in talks with Bristol Myers Squibb on $400 billion megadeal, FT reports

U.K. pharmaceutical giant AstraZeneca is considering a deal to merge with its U.S. rival Bristol Myers Squibb....

1 week ago
GOP Sen. Moreno says ex-son-in-law Max Miller shouldn't serve in House, needs 'serious psychological help'

GOP Sen. Moreno says ex-son-in-law Max Miller shouldn't serve in House, needs 'serious psychological help'

Miller has denied the allegations made against him by his ex-wife Emily Moreno, daughter of Ohio Sen. Bernie Moreno....

1 week ago
'Spider-Man: Brand New Day' chases 'Avengers: Endgame' opening record with $355 million domestic debut

'Spider-Man: Brand New Day' chases 'Avengers: Endgame' opening record with $355 million domestic debut

Sony and Marvel's "Spider-Man: Brand New Day" snared $355 million in estimated domestic box office on its opening weeken...

1 week ago