Trump warns of ‘big tariff’ if UK doesn’t drop digital services tax on U.S. tech firms
The tax is a 2% levy on the revenues of search engines, social media services and online marketplaces that derive value from U.K. users.
Wall Street's 'fear gauge' is doing something unusual. What it means
The S&P 500 touched record highs Thursday morning, but the Cboe Volatility Index (VIX) remained stuck near 20 and is up from five days ago.
Procter & Gamble earnings beat estimates as sales grow 7%
The company reiterated its full-year forecast for earnings and sales.
AI data center backlash threatens Pennsylvania GOP incumbents in 2026 election
Pennsylvania has four competitive House races in 2026, all of which are in areas where Gov. Josh Shapiro has AI data center expansion plans.
Meta will adopt hundreds of thousands of AWS Graviton chips in latest AI infrastructure grab
The Amazon deal comes weeks after Meta made $48 billion in AI commitments with CoreWeave and Nebius.
Nike cuts 1,400 roles in second round of layoffs this year
Nike announced 1,400 layoffs, primarily in its technology department, on Thursday after cutting 775 jobs in January.
TSMC shares jump to record high as Taiwan eases single-stock investment caps for funds
TSMC, whose shares had a hit a record high on Thursday as well, last week reported a 58% increase in first-quarter profit.
NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move 'shameful'
Chief Operating Officer Gerald Beeson saying in a memo that targeting Griffin showed "ignorance and disdain" toward contributors to the city's economy.
Retirees are thinking of annuities the wrong way — and it may trip them up, advisors say
People who buy annuities for lifetime income often think of them as an investment, when they're more like insurance, experts said.
Porsche is selling its Bugatti Rimac stake and walking away from Rimac
The automotive industry has grappled with mounting pressure to consolidate amid slowing growth, rising costs and intensifying margin pressure.
The aerospace and defense trade is taking investors deeper into space, and more ETFs are up for the mission
VettaFi's Cinthia Murphy finds more exchange-traded funds are tackling the space theme more directly as excitement over the SpaceX IPO grows.
OpenAI announces GPT-5.5, its latest artificial intelligence model
The model is better at coding, using computers and pursuing deeper research capabilities, OpenAI says.
Trump says Americans should expect higher gas prices for 'a little while'
Trump's remarks came as most Americans say they have cut spending due to high gas prices, according to the latest CNBC All-America Economic survey.
Meta will cut 10% of workforce as company pushes deeper into AI
Meta plans to lay off 10% of its workforce, about 8,000 employees, as the company continues to ramp up investments in artificial intelligence.
Regeneron inks drug pricing deal with Trump, will offer new hearing-loss therapy for free
Regeneron is the latest in a string of major drugmakers to make pricing concessions for new and existing medicines under agreements with Trump.
Honeywell disappoints on quarterly results — but delivers on its breakup plan
Investors focused solely on the numbers are missing the forest for the trees.
China's DeepSeek releases preview of long-awaited V4 model as AI race intensifies
Chinese AI startup DeepSeek has released a preview version of its long awaited V4 large language model.
New York's pied-a-terre tax sets up legal fight over values
NYC's property tax system undervalues co-ops and condos, so experts said the city will have to come up with a new system for valuing high-end second homes.
What the Trump administration's move to reclassify marijuana means for investors
The Department of Justice said it will immediately move FDA-approved marijuana from Schedule I to Schedule III under the Controlled Substances Act.
Iran war, U.S. court’s tariff ruling delays India trade deal — but a bigger risk lies ahead
A delay in signing a trade deal with the U.S. would be expensive for India, as it could be exposed to the risk of higher tariffs under the Section 301 probe.
Dow CEO says clearing the Strait of Hormuz logjam will take almost a year
Dow CEO Jim Fitterling said that clearing the disruption in the Strait of Hormuz will take significantly longer than investors expect.
Cohere to acquire German AI company Aleph Alpha as it looks to expand in Europe
Schwarz Group — a key backer of Aleph Alpha — plans to invest $600 million in Cohere's upcoming Series E round as part of the deal.
Foreign car companies bet on technology to hang onto once-lucrative China auto market
U.S., Korean and German automakers announced a rush of new, tech-enabled cars at the Beijing Auto Show as they battle a sales slump
People will be 'living and working' on the moon in the 2030s, says space tech CEO
A lunar base will be operating on the moon by the end of the 2020s, according to Dylan Taylor, who said humans will be living there in the next decade.