Latest news
Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 700%
Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.
Snap's stock jumps on plans to axe 16% of its workforce citing AI efficiencies
Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce citing AI-driven efficiencies
Jim Cramer says the stock market is so overbought that we have to tread carefully
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Chip giants AMD, Qualcomm and Arm back driverless car startup Wayve with fresh funds
Wayve now has major semiconductor names, including Nvidia, as shareholders as it looks to sell its technology to automakers who may be using different chips.
OpenAI pulls back from Stargate Norway data center deal as Microsoft takes over
The AI startup is now in discussions with Microsoft about renting compute capacity
Bank of America earnings, Kalshi's DC charm offensive, a United-American merger and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Why are workers so worried about AI? Listen to how business leaders talk about it
Concerns about AI pushing humans out of jobs may be a bit overstated, but the anxiety being felt by workers related to technology is real and nuanced.
Chip giant ASML raises 2026 guidance as AI semiconductor demand stays strong
ASML beat first-quarter revenue and profit expectations and raised its sales guidance for 2026.
Samsung SDS shares jump 20% on KKR partnership and $820 million bond purchase
KKR & Co has agreed to acquire $820 million of newly issued convertible bonds from Samsung SDS, in a deal that creates a new strategic partnership.
Meta commits to 1 gigawatt of custom chips with Broadcom as Hock Tan decides to leave board
Meta commits to deploying 1 GW of custom in-house MTIA chips codesigned with Broadcom in sweeping new multiyear deal announced Tuesday
NAACP sues Elon Musk's xAI over Memphis data center air pollution
Elon Musk, who is the world's richest person, has been counting on the greater Memphis area to serve as the backbone for xAI's buildout.
Crypto exchange Kraken confirms it has confidentially filed for an IPO
Kraken co-CEO Arjun Sethi said the crypto exchange has confidentially filed for a U.S. initial public offering, confirming CNBC's previous reporting.
Cramer: The market's biggest fears 'just didn't happen' – and that's why you can't leave the game
CNBC's Jim Cramer explained why bailing on stocks when things look bleak ends up hurting you in the long run.
Nvidia stock is on a 10-day winning streak and up 18% over that stretch
Nvidia denied rumors that it's in talks to buy a large PC company, telling CNBC in a statement that it's "not engaged in discussions."
DA wants Sam Altman arson suspect Daniel Moreno-Gama held without bail
Daniel Moreno-Gama allegedly threw a lit Molotov cocktail at OpenAI CEO Sam Altman's home and threatened to burn down OpenAI's headquarters.
Oracle jumps for a second day, Bloom Energy soars 23% on AI data center power deal
Oracle stocks bounced as software shares continued to recover and the company expanded a capacity deal with Bloom Energy.
Amazon to buy Globalstar to bolster Leo satellite business in deal worth about $11.6 billion
Amazon said it would acquire Globalstar, giving its nascent satellite internet business a boost as it vies to compete with Elon Musk's SpaceX.
Evercore ISI pounds table on Sandisk. Bull case sees rally to $2,600
Shares of Sandisk have already rallied nearly 300% this year. Evercore's bull case sees another 173% jump.
JPMorgan earnings, Oracle's $300 million windfall, new Delta suites and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Suspect in attack at Sam Altman's house aimed to kill OpenAI CEO, warned of humanity's extinction from AI
San Francisco Police Department officers recovered a document from the suspect that detailed his intentions, according to a filing.
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