Walmart issues worse-than-expected outlook as high gas prices hit shoppers
Walmart's CFO John David Rainey said higher tax returns helped offset the effect of higher gas prices in the first quarter.
Quantum stocks soar as U.S. reportedly plans $2 billion ‘award’ and taking equity stakes
Nvidia says it has ‘largely conceded’ China’s AI chip market to Huawei
Nvidia CEO Jensen Huang said the company has "largely conceded" China's advanced artificial intelligence chip market to Huawei.
Eli Lilly says next-generation weight loss drug clears crucial obesity trial
The results bring Lilly one step closer to filing for approval of the injection, retatrutide, which works differently from existing injections and pills.
Iran reviews U.S. peace proposal as Trump says he’s willing to wait 'a few days'
It comes after President Donald Trump said he was prepared to wait a few more days to "get the right answers" from Tehran.
Bezos defends billionaires, hypes AI, talks taxes and praises Trump in CNBC interview
Jeff Bezos rejected accusations that Amazon's decision to release a documentary on first lady Melania Trump was an effort to curry favor with the president.
Ubisoft shares plunge 14% after Assassin’s Creed maker warns of annual profit loss
Ubisoft shares plunged on Thursday after the Assassin's Creed maker warned of further losses this year.
UAE says new pipeline that will bypass Strait of Hormuz is nearly 50% complete
The UAE has redirected some oil exports through an existing pipeline to Fujairah, which has a maximum capacity of 1.8 million barrels per day.
Ram unveils lineup of Hemi V-8 engine-powered 'muscle trucks' despite high gas prices
Stellantis plans to launch a new lineup of what it's calling "muscle trucks" for its Ram brand despite elevated U.S. gas prices due to the war in Iran.
Zuckerberg's Meta layoffs memo: 'Success isn't a given' in the AI era
Meta on Wednesday commenced its latest round of layoffs, which affect about 10% of the company's workforce or roughly 8,000 jobs.
Three key takeaways from Putin's Beijing trip — and what they reveal about China-Russia ties
Putin left Beijing with declarations of enduring friendship with China and a stack of bilateral agreements — but without the energy breakthrough Moscow desperately sought.
Sinkhole shuts runway at LaGuardia Airport, delaying flights, Port Authority warns
The Port Authority said travelers should expect delays and cancellations, with thunderstorms expected also expected to roll in Wednesday.
Traders are making big moves ahead of these earnings reports due Thursday
With Nvidia earnings in the rearview mirror, traders have a handful of earnings before and after the bell to trade on Thursday.
Anthropic set to hit $10.9 billion in revenue during second quarter, source says
If Anthropic hits the revenue target, it will post its first profitable quarter, a source told CNBC
Jim Cramer says the world of tech investing has changed and it's not going back
CNBC's Jim Cramer said semiconductor and AI infrastructure stocks have replaced software as the market's technology leaders.
We're raising our price target on Nvidia after another knockout quarter and guide
Nvidia shares aren't moving much in extended trading. But the initial reaction hardly tells the full story.
'Europe doesn't realize how dangerous it is': Telecoms CEO warns of U.S. dominance in satellites, AI
Europe is vulnerable with a non-state actor like Starlink having the power to switch off the continent's connectivity.
Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth
Intuit's stock has been hammered this year as investors worry that generative artificial intelligence models could threaten software companies.
OpenAI to confidentially file for IPO as soon as Friday: Source
OpenAI is working with banks including Goldman Sachs and Morgan Stanley.
SoftBank Group shares soar 20% as Nvidia earnings signal strong AI momentum
SoftBank Group is closely tied to the AI boom through its stake in Arm Holdings, whose chip designs are used in AI servers and data centers powered by Nvidia systems.
UK-Gulf trade deal a 'monumental achievement,' Bahrain industry minister tells CNBC
Abdulla bin Adel Fakhro said the deal was a win-win for the U.K. and Gulf states.
Congress is best chance to stop Trump 'lawfare' fund, attorneys say
The Department of Justice has set up a $1.8 billion fund that will purportedly compensate victims of prosecutorial overreach under the Biden administration.
Tesla brings 'Full Self-Driving' to China after years of delays as local EV rivals race ahead
Tesla's full self-driving (FSD) capabilities are now available in China after years of delay, the company said in an X post on Thursday.
Inflation fears are rippling through industrial metals. Here's where prices could go next
The moves came amid broader volatile trade in global bond and equity markets, faced with fears of resurgent inflation.