SK Hynix hits $1 trillion valuation as AI boom lifts South Korean chip stocks
Shares of SK Hynix soared over 11% on Wednesday, pushing the South Korean memory-chip maker above the $1 trillion market capitalization mark.
Paxton bests Cornyn in Texas Republican Senate primary after Trump endorsement
President Donald Trump last week endorsed Texas Attorney General Ken Paxton over incumbent Sen. John Cornyn.
SpaceX-Tesla merger chatter reignites as Musk pushes rocket company towards Nasdaq
With SpaceX headed for the public markets next month, industry experts and people close to Elon Musk are speculating about a potential tie-up with Tesla.
CNBC Daily Open: The $1 trillion club just got bigger
South Korea's SK Hynix and U.S. chip firm Micron become the latest companies to top $1 trillion in market capitalization as the AI rally resumes.
Federal judge had sex in chambers with high-ranking police officer, panel says
The judge sits in a district court in either Alabama, Georgia or Florida, but their name is being kept secret by a disciplinary panel.
European markets head for mixed open as oil prices hold below $100
European stocks are expected to open in mixed territory on Wednesday as regional investors assess the latest military operations against Iran.
ECB 'will do what is necessary' to tame inflation, Bank of France governor tells CNBC
Markets are overwhelmingly pricing in a rate hike from the central bank at its next meeting.
European companies double down on China manufacturing despite EU de-risking push
Low manufacturing costs in China are keeping many European businesses' supply chains in the country despite pressure in the EU to reduce overseas reliance.
Barriers grow for international students seeking U.S. jobs: The 'American dream ... is collapsing'
International graduates say a weak hiring market and changing immigration rules make it harder for them to achieve their American dream of working in the U.S.
Americans are 'entrenched' in financial stress amid debt and price pressures
Inflation and high debt levels continue cause financial anxiety for many Americans. Nonprofits can help with debt mangement.
China industrial profits jump 24.7% in April, fastest gain in over two years despite headwinds
China’s industrial profits grew at their fastest pace in over two years in April, buoyed by stronger exports, higher producer prices and gains in upstream industries.
Chip stocks continue to surge. Here's how to buy into the trend for less
Mike Khouw happens to like one surging chip stock in particular: Marvell Technology.
Japan, South Korea stocks hit fresh records as markets weigh Iran tensions and ceasefire talks
Asia-Pacific markets rose on Wednesday, with Japan and South Korea's benchmark indices hitting new highs
Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs
Prolonged closure of Strait of Hormuz could send crude oil prices to new highs this summer.
Apple's surge to record highs faces a major test next month. What it must do to pass
The iPhone maker's WWDC kicks off on June 8, offering Apple another chance to impress Wall Street on AI.
Trump officials split over Pope Leo’s AI warning as Vatican feud enters new front
Pope Leo XIV’s AI warning shows split among Trump officials as the White House resists new guardrails, upping stakes with Catholic voters and Silicon Valley allies.
Trump cancels Camp David Cabinet trip, citing weather
Trump has rarely visited Camp David during either of his presidential terms, though he frequently spends time outside the White House at his own properties.
A battle is brewing in the gold pits. Here are the winners and losers
Options volumes leaned bullish in both the SPDR Gold ETF (GLD) and VanEck Gold Miners ETF (GDX) on Tuesday.
American Airlines picks SpaceX's Starlink for in-flight Wi-Fi on more than 500 planes
American Airlines said it will install SpaceX's Starlink for inflight Wi-Fi on more than 500 of its airplanes.
U.S. conducts 'self-defense strikes' in Iran as Trump pushes for peace deal
Targets included missile launch sites and Iranian boats attempting to emplace mines.
AutoZone stock has worst day in four years, despite retailer beating Wall Street estimates
Concerns include international growth and margin compression as well as pressures from inflation, energy costs and potential supply chain disruptions.
Democratic attorneys general snub Vance's anti-fraud roundtable at White House after late invite
Vice President JD Vance is leading an initiative by the Trump administration to reduce fraud in federally funded programs that are administered by states.
Judges block Alabama redistricting maps that would dilute Black vote in midterms
A three-judge panel found that the 2023 congressional district maps adopted by Alabama intentionally discriminated against Black voters.
Cybersecurity stocks are surging. One looks promising into earnings
Mike Khouw is long Zscaler into earnings after the close.