CNBC

TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom

TSMC reported its third-quarter earnings on Thursday....

2 days ago

Elon Musk says Trump is 'ultimately' responsible for any curbs on Ukraine's Starshield systems

"Any limits on speed or usage are decided by the US military and ultimately POTUS," Musk wrote....

2 days ago

Meta- and Google-backed Jio Platforms to raise up to $3.2 billion in historic IPO in India

Jio's share sale will be India's largest ever in rupee terms, and second largest in dollar terms, trailing the Hyundai Motors IPO that raised $3.3 billion in 2024....

2 days ago

SK Hynix shares plunge 10% amid Asia tech rout as Fed rate hike fears, AI funding worries mount

A sell-off in global technology hardware stocks deepened Thursday....

2 days ago

Jim Cramer explains why even strong bank earnings couldn't save their stocks

All six banks fell following their earnings reports, even as some delivered strong results, reflecting concerns about interest rates and the economic outlook....

2 days ago

Jim Cramer says don't give up on this unpredictable market. Here's why

Despite an unpredictable market, CNBC's Jim Cramer says it's important to stay invested....

2 days ago

Traders pile into 'bubble puts' on CoreWeave as neocloud stocks plunge

As a key corner of the artificial intelligence trade takes a beating on Wednesday, traders are betting it could get even worse....

2 days ago

OpenAI bugging suspect booked one-way ticket to Saudi Arabia with family before arrest

"Like countless Americans, Mr. Alfozan came to this country years ago as a young person with a dream," his criminal defense lawyer said Wednesday....

2 days ago

Anduril employee tender offer would value the defense tech startup at $90 billion

Anduril has been a major winner of the growing U.S. defense tech boom and President Donald Trump's plans to reindustrialize the U.S. military...

2 days ago

Container ship sinks in Strait of Hormuz as Iran steps up attacks

Iran has escalated its strikes on commercial ships transiting Hormuz in recent weeks, as it tries to choke off a rebound in crude oil exports....

3 days ago

CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge

Shares of CoreWeave sank 15%, while yields in its bonds blew out further....

3 days ago

Iran says it’s ‘counting the moments’ until it can strike U.S. warships; Saudi Aramco facilities attacked

Meanwhile, Saudi Arabia's Aramco reportedly came under fresh attack overnight....

3 days ago

Fannie Mae sharply raises mortgage rate forecast for 2027

Fannie Mae just put out its latest forecast for mortgage rates, and they are much higher than previous estimates....

3 days ago

BlackRock's Larry Fink warns a data center moratorium could trigger a recession

Local opposition to data center construction has been a feature of the midterm elections set for Tuesday, Nov. 3....

3 days ago

Morgan Stanley tops estimates as equities trading revenue beats expectations by $909 million

Morgan Stanley topped expectations on the top and bottom lines for the third quarter....

3 days ago

Social Security Administration announces 3.6% cost-of-living adjustment for 2027

With a 3.6% COLA for 2027, Social Security retirement benefit checks will go up by $75 per month, on average, the agency said....

3 days ago

Trump's diesel dilemma — by the numbers

Conflicts in Ukraine and Iran have created major ripple effects across global energy markets causing major price swings....

3 days ago

Bank of America posts third-quarter profit drop due to $1.2 billion Treasury fine

The U.S. Treasury Department announced a $1.2 billion penalty against Bank of America on Tuesday....

3 days ago

Ukraine warns Starlink limits are disrupting military operations as Russia pounds its energy infrastructure

A ballistic missile has struck energy infrastructure supposedly covered by the "energy ceasefire" announced by Trump on Sunday, Zelenskyy said....

3 days ago

Scott Bessent's growth plans aren't enough to tame surging deficit and debt pile, IMF chief says

IMF chief Kristalina Georgieva said Bessent’s reliance on growth won’t cut the U.S. deficit and $40 trillion debt fast enough, calling for fiscal consolidation....

3 days ago

U.S. Treasury yields inch lower as investors await key inflation report

U.S. Treasury yields inched lower on Wednesday as investors awaited the latest CPI inflation reading ahead of a flurry of economic data this week....

3 days ago

Judge indefinitely blocks Trump from banning 3 media outlets from White House

President Donald Trump had sought to ban media outlets MS NOW, CNN and Politico from reporting from the White House....

3 days ago

Taiwan agrees to buy 30% of gas from Alaska LNG project, Trump says

U.S. President Donald Trump said Tuesday that Taiwan had agreed to buy 30% of the gas from a pipeline project in Alaska....

3 days ago

Oil rises amid growing Mideast tensions between Iran-backed Houthis and Saudi Arabia

Worries over supply disruptions due to escalating tensions in the Middle East helped to push oil prices higher....

3 days ago

China's exports likely grew by double-digits in September

The country's customs agency is due to release September trade data on Wednesday....

3 days ago

Singapore third-quarter GDP growth softens from four-year high but beats estimates

The GDP print beat expectations of a 5% growth from economists polled by Reuters....

3 days ago

Goldman says investors are looking for 'profitable' Chinese business growth overseas

Sluggish consumer demand in China has pushed many companies, such as electric car brands, to accelerate plans for entering other countries....

3 days ago

FBI arrests Saudi OpenAI employee who allegedly planted recording device in conference room

The Tuesday incident comes as the ChatGPT-maker, along with competitors, faces heightened scrutiny over its safety practices....

3 days ago

Don't let inflation bite — how to hedge with TIPS, commodities and infrastructure funds

TIPS are looking attractive but they aren't the only way to get inflation protection....

3 days ago

Williams says Fed may not have to hike rates in 2027, at odds with traders

New York Fed President John Williams sees one more rate hike in 2026 but no additional increase in 2027 as inflation pressures ease....

4 days ago

Apple releases HomeView smart home hub with screen as showcase for Siri AI

The iPhone maker also announced the new Apple TV 4K and HomePod Mini....

4 days ago

Meta shares rise for a second straight day as new AI model family impresses

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading....

4 days ago

More Republicans come out against Trump's diesel deal with Putin

Senators told Trump, the deal with Russian President Vladimir Putin "will not achieve just ends, nor will it benefit Americans."...

4 days ago

Social Security cost-of-living adjustment for 2027 may be above average. Some say it's not enough

The Social Security Administration is expected to announce the cost-of-living adjustment for 2027. Projections point to a higher-than-average increase....

4 days ago

Trump's diesel deal with Russia equals less than two weeks of U.S. demand

President Donald Trump's diesel deal with Russia comes as he is under pressure to reduce fuel prices with the U.S. midterm elections less than a month way....

4 days ago

Why this little known Chinese chipmaker has caused a global stock rout

China's leading memory chipmaker CXMT has reportedly made progress on new designs....

4 days ago

Iran reportedly fortifies nuclear sites as it prepares for possible U.S. strikes after midterms

A Saudi-led coalition fighting the Houthis – a Yemeni militant group backed by Tehran – said it had intercepted another attack on Riyadh....

4 days ago

White House has asked Ambassador Kimberly Guilfoyle to resign, new Trump press secretary says

The White House has asked U.S. Ambassador to Greece Kimberly Guilfoyle to resign, press secretary Katie Zacharia said Tuesday in her debut briefing....

4 days ago

UnitedHealth Group tops estimates, hikes profit outlook as insurer manages high medical costs

UnitedHealth Group said it expects 2026 adjusted earnings of at least $20.50 per share, up from a previous outlook of $19.50 to $20.00 per share....

4 days ago

In charts: How one of the world's biggest economies got trapped by debt

France opens debate on its 2027 budget as high deficits, rising debt and student protests intensify pressure on lawmakers....

4 days ago

Cyberattack hits hundreds of French supermarkets, heating fridges to 122°F and sparking fires

Hackers targeted hundreds of French supermarkets in a large-scale cyberattack, causing refrigerators to overheat, spoiling food, and sparking fires....

4 days ago

CNBC Daily Open: 'Boring' trumps disorder and volatility

Some warning lights are flashing on the global economy dashboard....

4 days ago

As 'Cockroach' protests grow over alleged voter fraud, Modi defends India as ‘mother of democracy’

Protests in India demanding the removal of the chief election commissioner for alleged voter fraud have intensified....

4 days ago

Visa gets Beijing's green light for bank card business after 40 years of working with China

The incremental approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month....

4 days ago

IMF warns bond yields could see a 'disorderly' spike as debt, inflation risks worsen 

The IMF says risks in the government bond market have worsened and that yields could jump sharply and disorderly....

4 days ago

Oil prices fall as traders assess Russian diesel supply prospects and Saudi-Houthi conflict

Oil prices fell as investors assess potential supply disruptions against prospects of more Russian diesel entering global markets....

4 days ago

IMF sees milder global slowdown as AI boom offsets war hit — warns resilience is nearing limits

The IMF raised its 2026 global growth forecast to 3.1%, warning that resilience is tested by energy constraints and looming fiscal risks....

4 days ago