Mag 7 value shrinks by $2.3 trillion amid AI spending jitters — but investors are still backing chipmakers
Investors are growing jittery about massive AI spending by the Mag 7 and when these companies will produce a return on that investment.
U.S. crude oil hovers above $70 as Trump, Iran issue mixed messages on talks in Qatar
The moves come as oil traders monitor the prospect of U.S.-Iran talks in Doha on Tuesday.
Medicare will start covering obesity drugs for the first time. Here's what patients should know
The move could unlock millions of new patients for Novo Nordisk and Eli Lilly and expand access to medications that were previously out of reach for seniors.
Buffett delays annual donation to Gates Foundation pending review of Jeffrey Epstein ties: WSJ
This comes as the foundation continues to review its ties to the late sex offender Jeffery Epstein.
French biotech stock soars 34% after new data on experimental medicine
Shares of French biotech company Abivax soared Tuesday after it released fresh data on its lead drug for bowel disease.
AeroVironment soars 19% on earnings beat, backlog grows to $1.2 billion
Dronemaker AeroVironment's autonomous system revenue beat expectations by $90 million and its backlog continued to grow.
Waymo and Uber end robotaxi pilot in Phoenix
The Waymo self-driving cars deployed in Phoenix for the Uber pilot will remain in use and make autonomous deliveries with DoorDash.
Japanese yen sinks to 40-year low, keeping intervention risks in focus
The Japanese yen weakened to its lowest level against the U.S. dollar since 1986 on Tuesday, keeping investors on alert for possible intervention from Japanese authorities.
Rafael Nadal talks tennis prize money, his hotels, and what sports taught him about business
Rafael Nadal opened his fourth Zel hotel as he expands into hospitality, education and sports after retiring from tennis.
Short sellers keep betting against Pop Mart — even though it's been a losing trade
Short sellers are doubling down on Pop Mart International even as a recent share price recovery turns their bearish bets on the Chinese toymaker increasingly risky.
Supreme Court rulings on Fed, FTC: What they mean for consumers
The Supreme Court issued a pair of highly anticipated rulings on Monday that have far-reaching implications for household finances.
Here's how Trump Accounts could affect women's retirement savings gap
While Trump Accounts are unlikely to directly improve retirement savings among women, there may be an indirect benefit, says one expert.
Comcast's NBCUniversal spinoff raises hope for more deals. There may not be good options
Comcast plans to separate its cable and media divisions over the next year. This could set each company up for M&A, but there might not be any good options.
Indonesia jails former education minister for 10 years in Google Chromebook graft case
Makarim was found guilty in a case over the procurement of Google Chromebooks for schools
Eli Lilly, Regeneron among first companies selected for FDA initiative to speed review of new manufacturing facilities
Eli Lilly and Regeneron are among the first seven companies the FDA has selected for its PreCheck Pilot Program, CNBC has learned.
Industry lobbyists push House committee to block a ban on Pentagon defense contractors buying back their own stock
Defense companies and their trade groups are pressing Congress not to require that the Pentagon approve stock buybacks.
Digital Realty falls 5% after taking $3.5 billion stake in Blackstone's Virginia data centers
Digital Realty fell in premarket trading Tuesday after it announced its buying a $3.5 billion stake in three data centers from asset manager Blackstone.
Salesforce is on an AI buying spree, but Wall Street still has its doubts
The company has announced three deals in the month of June alone.
Inflation likely to stay ‘significantly above target,’ top European central banker warns
Joachim Nagel, president of Germany’s Bundesbank, spoke to CNBC on the sidelines of an ECB conference in Portugal.
Apple supplier Luxshare seeks up to $3.1 billion in Hong Kong share sale
Apple supplier Luxshare Precision Industry is seeking to raise as much as $24.27 billion Hong Kong dollars ($3.1 billion) through a Hong Kong share sale.
China factory activity grows faster than expected in June on tech export demand
China's manufacturing engine held up this year as surging demand for artificial intelligence technology helped offset the drag from Middle East turmoil.
Trump bought as much as $5 million in Axon stock before ICE sought $220 million Taser deal
Axon Enterprise has ramped up lobbying in Congress on federal law enforcement technology as ICE pursues a potential $220 million Taser deal.
Australia's competition regulator takes Amazon to court over alleged unfair Prime subscription contract terms
Australia's competition regulator is taking Amazon to court, alleging its Prime contracts required subscribers to pay AU$2.99 to avoid advertising, with no option for refunds
Supreme Court rules Trump cannot fire Fed Governor Lisa Cook for now
The ruling by the Supreme Court means that Lisa Cook will remain as a Federal Reserve governor as her lawsuit challenging Trump's effort to fire her proceeds.