CoreWeave stock pops 13% as revenue doubles on accelerating AI infrastructure demand
CoreWeave's revenue is surging as the AI boom continues, but the company is also sitting on $35 billion in debt.
Trump says NYC pied-à-terre tax 'must be stopped,' eyes federal block
Trump in a Truth Social post called Mamdani's pied-à-terre tax a "dangerous political 'experiment' in New York will destroy" the city and state.
Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China
Nvidia CEO Jensen Huang is pitching GPUs as long-term collateral to unlock $500 billion in funding. The question is how fast will his chips depreciate?
GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles
The deal follows years of global automotive supply chain issues for GM and other companies.
An inflation report Wednesday should be a big deal for the Fed. Here's what to expect
The consumer price index is expected to show only a modest increase for July.
AI computing power is becoming a tradable asset class as CME launches futures contracts
The exchange is partnering with Silicon Data to introduce two compute futures contracts on Oct. 5, pending regulatory review.
Trump administration ends Medicaid, CHIP funding for gender-affirming care for children
Federal dollars in the two health insurance programs would not go toward gender-affirming care, but states could still cover the treatments.
Trump wants to split the MMR vaccine. Experts say that's unlikely — and comes with consequences
Doctors and other experts say that splitting the measles, mumps and rubella shot has no scientific basis and is unlikely to get off the ground.
U.S. oil rises above $83 a barrel as Iran says Strait of Hormuz won't open until conditions are met
U.S. oil had risen as much as 3% earlier in the day after President Donald Trump demanded that Iran pay reparations to the U.S.
Wall Street just endorsed Jensen Huang's 'big concept' for AI. What now?
The first three-plus years of the AI build-out have been funded by record amounts of equity and debt issued by leading tech companies. Nvidia has a new idea.
Parents could put pretax paycheck money into Trump Accounts, with employers matching, Treasury says
The U.S. Department of the Treasury issued guidance that could allow parents to make pretax contributions to a child's Trump Account directly from their paycheck.
Riot Platforms strikes deal with Anthropic as bitcoin miners shift focus to AI infrastructure
Bitcoin miner Riot Platform has struck a $9 billion, 20-year compute deal with Anthropic
Democrats clash again in Minnesota and Wisconsin primaries as big midterm races take shape
In Minnesota, progressive Lt. Gov. Peggy Flanagan and moderate Democratic Rep. Angie Craig are competing for the nomination to succeed the retiring Sen. Tina Smith.
Longtime OpenAI executive Brad Lightcap leaves as shake-up at AI lab continues
Longtime OpenAI executive Brad Lightcap announced his departure on Tuesday, the latest in a series of recent leadership shake-ups at the company.
Manus to return as independent company after China forced Meta to unwind $2 billion deal
Last December, Meta said it planned to acquire Manus for $2 billion, its latest effort to shore up its AI strategy.
Pakistan signals progress on U.S.-Iran deal as Washington and Tehran trade reparation demands
Washington and Tehran remain far apart even as both sides talked of winding down regional hostilities.
Target appoints its first chief AI officer as big retailers bet on AI
Target announced its first-ever chief artificial intelligence officer on Tuesday as retailers race to take advantage of the AI boom.
We're lifting our price target on Cardinal Health after issuing rosy profit guidance
The quarter wasn't totally clean, but strong profitability matters the most.
Invitation Homes CEO says ban on institutional homebuying will bring down prices, but not immediately
The CEO of the nation's largest single-family rental landlord said the new law banning large-scale investors from the market will lower prices in the long term.
Why JPMorgan is investing big in the 2028 LA Olympics
JPMorgan is making a nine-figure bet as the Olympics Games' first-ever global banking partner.
Intel upsizes stock offering to $20 billion at $95 per share as AI demand accelerates
Technology giants have shelled out trillions to support insatiable AI demand and the infrastructure buildout.
Polymarket makes moves to get house in order before expected boom times for prediction markets this fall
The marketing changes come amid an investigation by the Commodity Futures Trading Commission into the company's promotional practices.
Credit card debt climbs to $1.26 trillion as ‘K-shaped’ divide persists, New York Fed research finds
Credit card balances are ticking higher midway through the year, according to a new report on household debt from the Federal Reserve Bank of New York.
Baby products company Frida is expanding into kids’ personal care
Baby products company Frida is launching a new category of personal care items for kids, tapping into a growing market and largely untapped space.