CNBC

Trump to appeal order blocking White House from banning MS NOW, CNN and Politico

The Department of Justice said it is appealing a federal judge's order indefinitely blocking the White House from enforcing its ban on MS NOW, CNN and Politico. Judge Timothy Kelly, whom President Donald Trump nominated, ruled that the three targeted...

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

An OpenAI employee was arrested a‏fter a "sophisticated recording device" was found hidden inside the executive conference room. Abdulrahman Alfozan, 35, who is a national of the Kingdom of Saudi Arabia, was arrested in...

Trump 'not happy' with Kimberly Guilfoyle, weighs firing her as ambassador to Greece

President Donald Trump said he is "not happy" with Kimberly Guilfoyle, and is considering whether to fire her as U.S. ambassador to Greece. Trump's comments came a‏er a series of critical articles in The Wall Street Journal about Guilfolye's conduct...

Trump says he is 'going to look at' joining Saudi Arabia in the fight against Iran-backed Houthis a‏er deadly airport strike

President Donald Trump said he is considering joining Saudi Arabia in its retaliation against Tehran-backed Houthis in Yemen a‏er a deadly attack on Riyadh's main airport. The Saudi General Authority of Civil Aviation said the attack on King Khalid...

Microso‏'s Nadella says AI needs an ‘emergency brake’ that humans control

Microso‏ CEO Satya Nadella said advanced AI systems should include containment, independent controls and an "emergency brake." Other AI and tech industry leaders have called for stronger safeguards and, in several cases, pacing frontier development....

Tesla drops 'Full Self-Driving' brand name in Europe a‏er regulator pushback

SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile

SpaceX announced an agreement on Thursday to purchase a nationwide spectrum portfolio as it pushes its Starlink service deeper into the U.S. telecommunications market. Shares of AT&T, Verizon and T-Mobile tumbled in extended trading. In a post on X,...

Trump awarding medals to Musk, Dell, Nadella and other tech execs at science summit

President Trump is awarding a number of top tech executives with medals at a science summit on Thursday. Elon Musk, Michael Dell, Microso‏ CEO Satya Nadella and Google cofounder Sergey Brin are among those slated to receive...

Trump hedges on paying back government for ads that already aired

President Donald Trump said he and his political action committee will pay for controversial television ads that praised him and had been funded by the U.S. government. The White House later clarified that the super PAC — MAGA Inc. — will pay for what...

House Democrat targets candidate prediction market trades a‏er opponent’s Kalshi penalty

U.S. Rep. Don Davis introduced a bill on Monday that would ban federal candidates from trading on prediction market contracts related to their own elections. The bill would set a minimum of a $10,000 fine or three times the net financial gain of the...

Trump reiterates pledge to send $5,000 checks, and hands out smaller payments, as midterm elections loom

President Donald Trump is touting two federal cash-payment programs already underway while renewing a much larger $5,000 check promise contingent on Republicans retaining Congress. The cash o‏ers come as Republicans head into the final stretch of a...

Tesla’s Cybercab had a rocky first month in Austin. Now comes the hard part: expanding

A month a‏er the Cybercab launched in Austin, Texas, Tesla has 169 of the driverless cars authorized for commercial use in the state. Investors are counting on Tesla growing its Robotaxi and Cybercab business as the core automotive unit faces...

DOJ says it will not reopen criminal probe into former Fed Chair Powell

The Department of Justice will not reopen its criminal investigation into former Fed Chair Jerome Powell over the renovation to its headquarters building. The Fed inspector general found no basis for a criminal referral but...

Trump could target three Fed governors. Removing them may be harder than it looks

Trump could potentially pursue the removal of three members of the Fed's Board of Governors: Jerome Powell, Lisa Cook and Michael Barr. The Fed inspector general criticized management of the central bank headquarters renovation but found no criminal...

Blue Origin's first outside funding round is 'oversubscribed' and not closed yet, CEO says

Blue Origin CEO Dave Limp said the space company's first outside funding round is "oversubscribed" and hasn't yet closed. The 26-year-old space company has, so far, been fully funded by Amazon founder Je‏ Bezos. Limp said the plan is for New Glenn to...

IPO postponements are accelerating in third quarter, even beyond Oura

Biometric ring maker Oura delayed its IPO on Tuesday, citing "uncertainty" in market conditions. Oura faced specific concerns about a concentrated product line. But, more broadly, IPO postponements and withdrawals are…

Feds can't withhold counterterrorism funds from states to force election admin changes, judge rules

A federal judge vacated a Trump administration rule that would back 20% of counterterrorism funds allocated to a state unless the state and certain municipalities made certain changes in how they administer elections. The Federal Emergency Management...

Trump to have dinner with Anthropic CEO Amodei at the…

Anthropic CEO Dario Amodei is set to have dinner with President Donald Trump at the White House on Sunday. The dinner comes amid an ongoing legal battle between the AI giant and the administration. Concerns are al…

Trump says he approved new fuel economy standards, rolling back Biden-era rules

President Donald Trump has approved new fuel economy standards, he said in a Truth Social post. The new standards will reverse the Biden administration's stricter policies that were expected to increase fuel e‏iciency and encourage greater use of EV...

Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms

The 6th U.S. Circuit Court of Appeals ruled that Kalshi's sports-related event contracts can be regulated by Ohio and Tennessee's gambling laws on Friday. It's the second decision by a federal court of appeals to rule that states have a role in...

Pete Hegseth reports at least $3.1 million in cash, investments and bitcoin

Defense Secretary Pete Hegseth reported at least $3.1 million in cash, retirement investments and bitcoin in his newly released 2025 annual financial disclosure. One bank account held more than $1 million, compared with a $15,001-to-$50,000 range for...

Trump faces Xi as strains with allies complicate U.S. pressure on China

Trump enters Thursday’s summit with Xi facing a China that has become harder to isolate as U.S. allies seek greater room to maneuver between Washington and Beijing. The U.S. retains major advantages through its network of longtime allies and control of...

U.S. strikes Greenland deal at UN to expand military presence …

President Donald Trump and the leaders of Greenland and Denmark signed a deal on the sidelines of the United Nations General Assembly in New York City. The agreement allows the U.S. to expand its military presenc…

Trump, Xi seek trade stability and deals, but AI, tari‏s and Iran loom large. What to watch

President Donald Trump and Chinese leader Xi Jinping are expected to discuss ways to strengthen their fragile trade truce when they meet face-to-face in Washington this week. They will have to navigate thorny issues such as artificial intelligence, the...

Trump to meet with NYC Mayor Zohran Mamdani on Monday ahead of UN General Assembly

President Donald Trump will meet with New York City Mayor Zohran Mamdani on Monday ahead of the upcoming U.N. General Assembly, the mayor's o‏ice confirmed to CNBC. The mayor's press o‏ice said the meeting will take place at Gracie Mansion and "will...

MS NOW, CNN and Politico journalists blocked from White House a‏er Trump ban

Journalists from MS NOW, CNN and Politico were denied access to the White House grounds. President Donald Trump said on Friday that he is banning the three news organizations from the White House over their coverage of him. Trump has previously sought...

Trump says U.S. to build a 'large Military presence' in Greenland as part of a security deal with it and Denmark

President Donald Trump said the U.S. struck an agreement with Greenland and Denmark. "We will immediately begin the process of developing a large Military presence in the appropriate part of Greenland," Trump said on Truth...

America’s AI chip talent crisis - why The U.S. needs 157,000 more workers

U.S. chip manufacturing faces a shortage of up to 157,000 skilled workers by 2030, a matter of concern for companies like Samsung. American chipmakers like Micron are hiring aggressively in Asia, where talent pipelines are strongest and worker bonuses...

Analysis: How Trump could reignite the Fed independence fight a‏er Warsh's rate hike

House Oversight recommends holding Leon Black in contempt over Epstein subpoena stando‏

The House Oversight and Government Reform Committee voted to recommend that the full House hold former Apollo Global Management CEO Leon Black in contempt for his refusal to comply with subpoenas issued as part of the panel's probe of sex o‏ender...

Treasury hits Russia's VTB Bank with new sanctions over Iran ties

The Treasury Department on Monday announced new sanctions on Russia's VTB Bank as part of its e‏ort to economically isolate Iran by targeting its business partners and other financial "enablers." Some observers were quick to raise questions about how...

Washington scrambles to meet calls for AI guardrails while the window to act closes

Lawmakers are seeking to address calls for artificial intelligence guardrails a‏er renewed warnings about the technology's risks. The leaders of top AI frontier companies Anthropic, OpenAI and xAI made stunning admissions in recent days that AI is...

OpenAI rules out IPO this year as Altman, Musk & Amodei warn AI is moving too fast

In an interview with Fortune published Saturday, OpenAI CEO Sam Altman said that an IPO now would be "ill-advised." Anthropic CEO Dario Amodei also published an essay on Saturday urging AI companies to intentionally pace how quickly they improve model...

Dell stock jumps on RBC initiation, now up nearly 350% in 2026

Dell Technologies stock rose 10% during trading on Friday a‏er RBC Capital Markets initiated coverage of the computer maker. Friday's rise comes as Dell shares have more than quadrupled so far in 2026, as the longtime PC maker has emerged as one of the...

Trump warns Tehran over Pickaxe Mountain activity; U.S.-Iran exchange…

Trump warns Iran against activity at suspected nuclear site Pickaxe Mountain. Satellite imagery shows a surge in construction activity at a site just 2 kilometers away from Iran's heavily damaged Natanz uranium enrichmen…

Amazon adds cybersecurity veteran Kevin Mandia to board 2 years a‏er he le‏ Google

Amazon said Kevin Mandia, the founder and former CEO of cybersecurity company Mandiant, is joining its board of directors. Mandia sold the company to Google for $5.4 billion in 2022, and launched a new startup last year called Armadin. In a blog post,...

Pharma major Novartis falls 10% a‏er three drug trial setbacks

Novartis said Tuesday its del-desiran drug for a muscle-wasting disorder failed in a late-stage trial. The stock is on track for its worst trading day since 2020. The del-desiran trial result marks the third drug-trial disappointment fo…

Crashed Amazon cargo jet struck two vehicles, ended up 1,300 feet past runway, NTSB says

The Amazon cargo jet that crashed at Miami International Airport on Sunday overran the runway by about 1,300 feet, according to Jennifer Homendy, chair of the National Transportation Safety Board. Homendy didn't o‏er details on...

U.S. Energy Secretary Wright says Iran nuclear deal may never happen

U.S. Energy Secretary Chris Wright said the Trump administration may never reach a deal to prevent Iran from obtaining a nuclear weapon. Wright's comments suggest the administration may pursue its goal of preventing an Iranian nuclear weapon without...

U.S. attacks 3 Iranian oil tankers a‏er missiles target Navy warships

Three Iranian crude oil carriers were hit by U.S. forces on Saturday, U.S. Central Command reported. The strike comes a‏er the Islamic Revolutionary Guard Corps launched ballistic missiles toward two U.S. Navy warships patrolling the region. On Friday,...

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…