News from the economy, politics and the financial markets
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Latest news
Intel soars 14% on report of Apple chip talks, hits new all-time high
The jump comes on reports that Apple is discussing using Intel chips for its U.S. devices and follows a historic 114% surge last month.
Microsoft Xbox CEO overhauls leadership amid sinking sales: 'We need to evolve how we work'
Asha Sharma, the former Instacart and Meta executive who took over Xbox at Microsoft, said the unit doesn't spend enough time with developers and players.
Iran tensions, Palantir earnings, Musk's SEC settlement and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Pinterest surges 17% after earnings beat as company posts strong guidance
Pinterest cut nearly 15% of the company's workforce and reduced office space in January as it pushes more resources into AI.
Musk texted OpenAI's Brockman about settlement two days before trial began
Elon Musk co-founded OpenAI in 2015 and sued the company, President Greg Brockman and CEO Sam Altman in 2024.
Palantir tops estimates on 85% revenue growth, fastest expansion since market debut in 2020
Palantir reported better-than-expected revenue and profit, driven by growth in sales to U.S. government agencies.
SEC and Elon Musk agree to settle lawsuit over Twitter buyout in 2022
The SEC and Elon Musk agreed to settle a lawsuit filed by the regulator last year against the world's richest person.
Circle jumps nearly 20% on Clarity Act compromise that preserves stablecoin rewards
Lawmakers over the weekend reached a compromise on the market structure bill known as the CLARITY Act that keeps stablecoin reward programs intact.
Anthropic teams with Goldman, Blackstone and others on $1.5 billion AI venture targeting PE-owned firms
The move marks Anthropic's latest effort to deepen its lead in the market for enterprise AI as competition intensifies with rivals including OpenAI
Cramer defends AMD after downgrade: 'This stock is going to go up much more'
CNBC's Jim Cramer said he's bullish on AMD despite a recent downgrade, arguing demand for AI-driven CPUs will keep pushing the stock higher.
Bret Taylor's Sierra raises nearly $1 billion months after last capital push
Sierra's $950 million Series E funding round was led by Tiger and Google's GV, with participation from Benchmark, Sequoia, Greenoaks and others.
Berkshire Hathaway meeting, Spirit shuts down, Meta's return to court and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Meta's public nuisance case in New Mexico has billion-dollar consequences
Meta is back in a Santa Fe courthouse in a child safety case that could determine whether the company is a public nuisance.
Denmark faces data center reckoning as power grid overwhelmed by surging demand
The data center industry is facing a reckoning as governments around the world consider imposing limits on the growth of the power-hungry facilities.
Big Tech earnings show how big, smart spending can be rewarded by the market
It's obvious from this quarter that the bubble talk has been proven wrong.
Here are the 3 big things we're watching in the stock market in the week ahead
A trio of Club holdings report earnings. Plus, there is Corning's investor day and a fresh batch of jobs data.
Musk testimony dominated first week Musk v. Altman. 'You can't just steal a charity'
Elon Musk, the world's richest person, took the stand and testified over the course of three days in his trial against OpenAI CEO Sam Altman.
Jim Cramer says the market powered through a tough earnings week but 'that doesn't mean we're out of the woods yet'
CNBC's Jim Cramer looks to the jam-packed earnings week ahead and explains what he's looking for.
The market isn't grading all Big Tech earnings the same — here's why
After a big week of mega-cap tech earnings, investors are starting to differentiate AI tech winners from those still proving themselves.
Roblox shares plummet 18% as child safety measures weigh on bookings
Roblox is facing over 140 federal lawsuits accusing it of failing to prevent child exploitation, and last month settled with Alabama and West Virginia.
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