CNBC

Democratic House leader Je‏ries meets with Jared Kushner as midterms loom

Democratic House leader Hakeem Je‏ries met with President Donald Trump's son-in-law Jared Kushner in recent weeks, CNBC confirmed. The timing of the meeting suggests people close to the president may be preparing for at least one chamber of Congress to...

Nvidia customers reportedly warned about AI-related price hikes

Nvidia said it will raise prices for some of its largest customers by at least 15%, Bloomberg reported. The increases are expected to take e‏ect on systems shipped early next year.

Anthropic IPO filing will show AI backlash as a risk factor, sources say

In Anthropic's IPO prospectus, which is expected to land in the coming weeks, negative sentiment towards AI and data centers will be listed as a risk factor, sources told CNBC. The company, valued at close to $1 trillion in the...

Trump says Iran's economy is collapsing. A former central bank adviser in Tehran pushes back

A former adviser to Iran's central bank pushed back against Trump's claim that the country is on the brink of economic collapse. Mehrdad Sepahvand, now with Daric Investment Group, warned that the UAE's decision to sever trade ties could deepen Iran's...

Carvana shares are under pressure this week as Mark Walter probe fuels investor jitters

Carvana shares are headed for about a 7% weekly loss as a federal investigation into billionaire Mark Walter shines a spotlight on his minority stake in the online used-car retailer. The stock dropped more than 7% on Tuesday, one day after a...

U.S. government debt yields are surging at a bad time. Here's what's behind the move

Government bond yields have been surging for nearly two months, escalating costs for the burgeoning U.S. debt level. The 30-year bond in particular is trading around its highest level since 2003 amid a slew of concerns. Market...

L3Harris ousts CEO Chris Kubasik over unspecified 'conduct,' stock drops 4%

Defense contracting giant L3Harris Technologies ousted CEO Chris Kubasik on Sunday a‏er learning he engaged in "certain conduct ... that was not consistent with the values of the Company," the company said in a statement on Monday. L3Harris's board...

Top U.S. commander acknowledges mental health issues on USS Lincoln

U.S. Central Command chief Adm. Brad Cooper acknowledged mental health challenges aboard the USS Abraham Lincoln. Cooper visited the Lincoln as the U.S. war with Iran dragged well into its fi‏h month without a clear end in sight. The admiral's remarks...

Anthropic revenue reportedly jumps to more than $11.5 billion in second quarter

Anthropic's revenue surged more than 14-fold in the second quarter from a year earlier, Bloomberg News reported. The AI company reported preliminary revenue of more than $11.5 billion for its latest completed quarter, up from $787 million in the same...

Nvidia discloses $21 billion stake in SpaceX at end of second quarter

Nvidia's stake in SpaceX, which came through an investment in xAI, was worth about $21 billion at the end of the second quarter. SpaceX went public in June in a record IPO, and the stock has been volatile in the two months since the offering. Elon...

Reddit stock jumps on inclusion in S&P 500

Reddit shares jumped on the social media company's inclusion in the S&P 500. The stock is replacing AvalonBay Communities. Reddit becomes only the second pureplay social media company in the benchmark index, a‏er Meta.

Small investors became a major stock market force. Now, they risk getting pushed back into the dark

Investors warn that mom-and-pop traders could su‏er with fewer corporate earnings or Federal Reserve meetings, as well as with Trump Media's Truth API service. Retail investors' access to information could take a hit at a time when they are more...

CoreWeave stock pops 14% as revenue doubles on accelerating AI infrastructure demand

CoreWeave beat on the top and bottom lines for the second quarter, and its 2026 revenue forecast exceeded consensus. The AI cloud provider announced business with Anthropic and Meta in the quarter. CoreWeave shares jumped 14% in extended trading on...

Trump extends limited waiver of shipping law to keep oil flowing in U.S. amid Iran war

The Trump administration narrowed its waiver of the Jones Act while extending it for another 90 days. President Donald Trump's second extension of the waiver comes as the Iran war disrupts global oil markets and as U.S. midterm...

Max Miller stays in Ohio House race as GOP ballot deadline passes

Rep. Max Miller of Ohio is set to remain the GOP nominee a‏er a key deadline passed to replace him on the November ballot. Miller could still withdraw and have his name removed from the ballot but Republicans would be le‏ without a nominee in Ohio's...

Hunter Biden says Joe Biden’s cancer has spread further and is ‘very painful’

"It's really, really hard, and it's really sad to watch... I wish he would complain more, because it's not good," Hunter Biden said in a BBC interview. "The cancer has spread, is metastasized into his bones and further. It's very painful." The former...

Shares of this digital medical platform jumped more than 100% overnight. Here’s why

Doximity had a solid first quarter and raised its full year revenue guidance. But AI search isn't baked into these forecasts, analysts believe, and it's bringing in 10 times the revenue it costs to run, the CEO revealed on the conference call. The...

Airbnb stock soars 9% on earnings and revenue beat, strong guidance for third quarter

Airbnb's results exceeded estimates for the second quarter, with revenue climbing 17% from a year earlier. The company also issued a forecast that beat expectations. Airbnb said it's seeing strong demand "across all regions," with particularly high...

AMD's revenue climbs 50% and data center sales doubled, but the stock is down

Advanced Micro Devices reported second-quarter earnings on Tuesday. The chipmaker beat expectations on the top and bottom lines. AMD's Data Center unit is driving the company's growth.

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

When stripping out Big Tech's investment gains from private AI companies, the earnings story is a lot less bullish. Microso‏, Amazon and Alphabet booked sizable investment gains in the most recent quarter thanks to stakes in...

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

Republican Sen. Bernie Moreno of Ohio said his former son-in-law, Rep. Max Miller, should not serve in the House of Representatives and "needs serious psychological help." The senator's daughter, Emily Moreno, accused Miller of domestic abuse against...

Trump Media's new paid data service goes live, giving clients faster access to Trump’s posts

Trump Media and Technology Group's launched its new paid data service on Aug. 1, providing faster access to Truth Social posts from President Donald Trump and other top accounts on the platform. The new API is designed to give firms "a direct,...

Trump's AI executive order nears key deadline as regulation debate intensifies

In President Trump's AI executive order that he signed in early June, the White House gave a 60-day deadline for federal agencies to develop a key framework as part of its implementation. The deadline is Saturday. OpenAI CEO Sam Altman and Nvidia's...

Trump says sanctions bill should include tari‏s on Iran, despite 'trivia…

President Donald Trump said Congress should strengthen a sanctions bill against Russia and Iran by adding tari‏s on Tehran. The U.S. imports hardly any goods from Iran, making his remark "entirely symbolic," a trade expert tol…

Here are the last times the Dow dropped by 1,000 points and what happened next

The Dow Jones Industrial Average fell by more than 1,000 points in trading Wednesday. Excluding the latest slide, the index has dropped by four-digits nine times in the past five years. A‏er the declines, the index has typically...

The future of Wall Street is here as startups and brokers build AI…

Brokerages, startups and even retail investors are building AI agents that can help oversee portfolios and automate investing tasks once handled by humans. "E‏ectively everybody has their own family o‏ice that is working 24/7 fo…

Trump administration asks Supreme Court to intervene to allow mail-in voting restrictions

The Trump administration asked the Supreme Court to let it enforce President Donald Trump’s mail-in voting restrictions while a legal challenge proceeds. A federal appeals court kept the restrictions blocked in 23 states that sued, finding that states...

Ukraine strikes Iranian vessels in Caspian Sea, Tehran accuses Kyiv of 'hostile and criminal act'

Iran summons Ukraine's chargé d'a‏aires in Tehran to complain about Ukrainian strikes on Iranian ships in the Caspian Sea. Iran said the attack le‏ one sailor dead and injured several others. Ukrainian President Volodymyr Zelenskyy...

Analysis: A powerful new coalition of AI skeptics is coalescing right in Trump's blind spot

President Donald Trump urged governors and local officials to embrace AI data centers while touting tech-company pledges not to raise electricity prices. Religious leaders, unions and local activists are increasingly warning that AI needs stronger...

Musk's bad week: Tesla su‏ers worst slump since 2022, SpaceX drops ahead of Starship test flight

Shares in Tesla and SpaceX declined this week with Elon Musk's automaker su‏ering its worst slump since 2022. SpaceX saw shares drop about 7% for the week ahead of a planned test flight of its massive Starship V3 rocket on Friday. With the stock...

Oracle signs 10-year so‏ware contract with Pentagon worth up to $7 billion

Oracle will supply on-premises so‏ware to the U.S. Department of Defense over 10 years in a contract worth up to $7 billion. The company's so‏ware is common inside large companies, but the business has largely shi‏ed of late to a focus on AI...

IBM lowers full-year forecast aft‏er earnings warning

IBM's results trailed consensus, even aft‏er analysts lowered estimates to reflect an earnings warning. The revenue and adjusted earnings per share were in line with the figures released a week ago. IBM also reduced its full-year growth forecast. The...

Super Micro surges 15% on new order and margin disclosure a‏er SpaceX announcement

Super Micro Computer said it received more than $60 billion in new orders in the fiscal fourth quarter, and saw higher margin than previously predicted. During the quarter, CEO Charles Liang pointed to new work with SpaceX. Rivals Dell and Hewlett...

Trump says Netanyahu won't be arrested in New York, pushing back on Mamdani

President Donald Trump said Israeli Prime Minister Benjamin Netanyahu "will not be arrested" when he visits New York in September. Mayor Zohran Mamdani has said New York City's legal department is discussing the possibility of arresting Netanyahu when...

U.S. death toll rises again as Iran war escalates over the weekend

U.S. says it hit Iran's Islamic Revolutionary Guard Corps forces that launched Friday's strikes on Jordan. The U.S. said a third American service member was killed in action during recent fighting with Iran. When asked about Iran no longer abiding by...

Iran supreme leader vows 'unforgettable lessons in store' for U.S. a‏er calling o‏ interim peace agreement

Supreme Leader Ayatollah Mojtaba Khamenei said Iran has "unforgettable lessons in store" for the U.S. a‏er American forces concluded a seventh straight night of strikes against his country. Iran's Deputy Foreign Minister Kazem Gharibabadi said the...

Trump rips Canada as wildfire smoke spreads, says U.S. will add pollution cost to tari‏s

President Donald Trump accused Canada of failing to address the wildfires that have caused smoke to envelop swaths of the United States. The costs inflicted on the U.S. "must of necessity be added to the TARIFFS Canada is currently paying," Trump wrote...

Trump suspends teleprompter operator over Kalshi bets allegations,…

A teleprompter operator is under investigation by federal regulators in connection with bets they allegedly made on the prediction market platform Kalshi related to statements made by President Donald Trump. "Our surveillance…

Analysis: Fed Chairman Warsh faces an inflation credibility test a‏er Congress hearings

Fed Chairman Kevin Warsh took two days of House and Senate questioning and made few major missteps. Lawmakers in both parties agreed prices are still rising too fast, putting pressure on Warsh to deliver on his commitment to "price stability." Warsh is...

U.S. strikes Iran before Hormuz Strait blockade restarts

U.S. forces launched strikes against Iranian targets shortly before the U.S. resumed its naval blockade of Iranian ports in and around the Strait of Hormuz. The latest round of strikes is aimed at "degrading Iranian capabilities used to attack...

South Carolina governor taps Lindsey Graham's sister to serve as interim senator

South Carolina Gov. Henry McMaster on Monday tapped Sen. Lindsey Graham's sister, Darline Graham Nordone, to fill the late senator's seat through the remainder of his term.t. McMaster's announcement came aft‏er President Donald Trump recommended Graham...

Sen. Lindsey Graham, influential lawmaker and Trump ally, dies at 71 a‏er a brief illness

Sen. Lindsey Graham, R-S.C., unexpectedly died following a "brief and sudden illness," his o‏ice said. Graham, 71, had just returned from a trip to Ukraine. Graham was first elected to the U.S. Senate in 2002 and chaired the Senate...

Trump threatens to 'decimate' Iran if it tries to kill him, as Treasury sanctions alleged Iranian financier

President Trump threatens to "decimate and destroy" Iran if Tehran acts on threats to assassinate him. The Treasury Department sanctions an alleged Iranian financier. Iranian Foreign Minister Abbas Araghchi visits key mediator Oman for talks. Trump's...

Apple sues OpenAI alleging trade secret the‏, says scheme was 'at every level'

Apple has sued OpenAI in federal court in Northern California, alleging trade secret the‏. The iPhone maker alleges that the AI lab took Apple's intellectual property in order to develop its own consumer hardware. It's a shocking reversal for the two...

Anthropic appoints former Fed Chair Ben Bernanke to its independent trust

Anthropic on Thursday announced it has appointed Ben Bernanke, former chair of the Federal Reserve, to its Long-Term Benefit Trust. The trust is Anthropic's independent governance structure that advises the compa…

Michael Burry bets on sportsbooks Dra‏ftKings and Flutter, sees prediction markets curbed by regulation

Judge blocks DOJ subpoena for names of 2020 Fulton County, Georgia, election workers

A Georgia federal judge quashed a Department of Justice subpoena seeking the names of election workers in Fulton County from the 2020 election. President Donald Trump has falsely claimed he won Georgia's 2020 presidential election and has focused his...

Platner Senate campaign taking 'time to reflect' on path forward a‏er sexual assault allegation

Democratic Maine Senate candidate Graham Platner on Monday said he's taking "time to reflect" on his campaign's path forward a‏er a woman accused him of sexually assaulting her in 2021. Platner and his campaign denied the accusations made by...

Trump asked FIFA to review Balogun's World Cup game suspension: Reports

President Donald Trump reportedly asked FIFA to review a one-game World Cup suspension of U.S Men's National Team striker Folarin Balogun before the international soccer regulatory body surprisingly reversed the ban. Balogun can play...

UK and France agree with Oman to ensure safety of its territorial waters

Oman agrees to work with U.K. and France to ensure the Gulf nation's waters are safe for navigation. France said it has deployed mine countermeasures to the Middle East. Situated on the southeastern coast of the Arabian Peninsula, opposite Iran across...

Tesla stock sinks 7% despite strong deliveries report, posting worst day …

Tesla reported 480,126 deliveries and vehicle production of 451,758 for the second quarter, exceeding Wall Street expectations. A Teslacompiled consensus said analysts were expecting 406,024 deliveries, while…

Jack Smith says he's 'very concerned what's going to happen next election' under Trump

Former special counsel Jack Smith on Thursday said that under President Donald Trump, "We are facing an attack on the rule of law." Smith also said that "it angers me" to see career o‏icials at the Department of Justice "demonized" by the Trump...

Trump got $15,000 in FIFA tickets from Gianni Infantino. Next up: Presenting the World Cup trophy

Trump’s latest financial disclosure shows FIFA President Gianni Infantino gave him 10 tickets, valued at $15,000, to last year’s FIFA Club World Cup final at MetLife Stadium. Infantino has said Trump is expected to help present the World Cup trophy on...

Trump's annual financial disclosure shows more than $580M in cryptorelated income

President Donald Trump's annual financial disclosure report was released on Tuesday by the U.S. O‏ice of Government Ethics, revealing income of hundreds of millions of dollars from proceeds of crypto tokens and holdings of hundreds of individual...

Lobbying push to nix Pentagon defense contractor share buyback ban heats up

Lobbying e‏orts to kill a proposed ban on some defense contractors buying back their own stock in a must-pass annual defense bill are heating up, as the House of Representatives begins to move the legislation this week. The prohibition, a version of...

SpaceX to join the Nasdaq-100 in a fast-tracked process that will drive huge ETF buying demand

Nasdaq announced that Elon Musk’s SpaceX would join the Nasdaq-100 index. Assuming the company meets the exchange’s requirements, index-tracking funds — like the popular Invesco QQQ Trust (QQQ) — can start buying shares a‏er the market closes on July...

SpaceX to join the Nasdaq-100 in a fast-tracked process that will drive huge ETF buying demand

Nasdaq announced that Elon Musk’s SpaceX would join the Nasdaq100 index. Assuming the company meets the exchange’s requirements, indextracking funds - like the popular Invesco QQQ Trust (QQQ) - can start buying shares after the market closes on July 6....

U.S. strikes Iran a‏er Trump accuses Tehran of ceasefire violation in Strait of Hormuz

The U.S. military struck Iran on Friday a‏er President Donald Trump accused the Islamic Republic of violating a 60-day ceasefire by launching drone attacks on ships in the Strait of Hormuz. U.S. Central Command said its aircra‏ "struck Iranian missile...

Trump keeps turning Republican wins into loyalty tests - and political liabilities

President Donald Trump has repeatedly in the last two weeks stymied congressional GOP priorities on housing and national security, while demanding passage of a controversial voter-ID bill. Trump scrapped a planned signing of a bipartisan housing bill...

White House requests $87.6 billion supplemental spending for Iran war, farm aid

Alphabet added to Dow Jones Industrial Average, replacing Verizon

Alphabet will replace Verizon in the Dow Jones Industrial Average. Honeywell would remain in the Dow following the completion of its spin o‏ of Honeywell Aerospace. The California-based company will join megacap tech peers Nvidia, Amazon, Apple and...

Tesla faces federal probe a‏er Model 3 slams into Texas home, killing 76-year-old

The NHTSA is investigating a crash involving a Tesla Model 3 in which the car slammed into a Texas home and killed a 76-year-old. The driver told local authorities he was using Tesla's partially automated driving systems at the time of the crash in the...

DOJ rebu‏s judge's request to put in writing it won't move forward with 'anti-weaponization' fund

The Department of Justice told a federal judge it would be "unnecessary" to attest in writing that it won't move forward with its "anti-weaponization" fund because senior administration o‏icials already told Congress the fund is o‏ the table. Judge...

DOJ rebu‏s judge's request to put in writing it won't move forward with 'anti-weaponization' fund

The Department of Justice told a federal judge it would be "unnecessary" to attest in writing that it won't move forward with its "anti-weaponization" fund because senior administration officials already told Congress the fund is o‏ the table. Judge...

DOJ rebu‏s judge's request to put in writing it won't move forward with 'anti-weaponization' fund

The Department of Justice told a federal judge it would be "unnecessary" to attest in writing that it won't move forward with its "anti-weaponization" fund because senior administration o‏icials already told Congress the fund is o‏ the table. Judge...

Waymo recalls about 3,900 robotaxis a‏er some drove into 'freeway construction zones'

A‏er some Waymo robotaxis drove into closed construction zones, the company implemented a recall to fix underlying so‏ware issues. The voluntary recall is the second in a little over a month for Alphabet's autonomous vehicle...

Analysis: Chairman Kevin Warsh’s task forces are the key to understanding the new Fed

Fed Chairman Kevin Warsh stuck to his long-stated belief in his first press conference on Wednesday that "inflation is a choice." That message is part of a broader reorganization Warsh has planned to shi‏ the Fed to being quieter and what he sees as...