Exxon and Chevron profits surge on rising oil prices due to Iran war
ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war.
Apple drops 7%, Amazon surges 12% as investors pick AI winners after earnings
Shares of Amazon jumped sharply in premarket trading on Friday while Apple dropped as investors digest earnings.
Hamas says Trump's Gaza 'disarmament' claim depends on Israel honoring commitments
Hamas says it will only disarm after Israel meets previous ceasefire commitments, despite President Donald Trump's announcement of a breakthrough U.S.-brokered agreement.
More consumer companies are staying private for longer, avoiding the IPO road
With the rise of secondary markets and a stronger liquidity environment, more companies are choosing to stay private for longer, according to experts.
Anthropic says its Claude models 'gained unauthorized access' to other organizations' systems
Anthropic said it discovered three instances where its Claude AI models accessed the internet during an evaluation and accessed outside systems.
Iran targets strategic U.S. assets in Kuwait, Bahrain after Egypt drone attack
Iran's army said it launched attacks on strategic U.S. assets and military bases in Kuwait and Bahrain.
IBM CEO says quantum computing will have a 'measurable impact' on earnings by 2028 or 2029
IBM CEO Arvind Krishna said the company's investments in quantum computing should begin to have "a measurable impact" on revenue and earnings by 2028 or 2029.
Amazon got $600 million in Trump tariff refunds and will pass return along to some customers
The company previously hadn't disclosed whether it would recoup tariff costs after the Supreme Court ruled many of President Donald Trump's levies were illegal.
A portfolio manager says investors are looking overseas as Magnificent Seven worries grow. Here are the stocks and sectors he favors
Janus Henderson’s Julian McManus says investors are looking overseas as Magnificent Seven concentration worries revive diversification.
AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses, sources say
Leopold Aschenbrenner's hedge fund has sold all of its public stock holdings, according to people familiar with the matter.
'The Odyssey' extends stay in 70 mm Imax theaters as shows sell out weeks in advance
Universal and Imax have extended the availability of 70 mm screenings of Christopher Nolan's retelling of Homer's epic into mid-September.
New Medicaid work rules could cause patients to lose coverage, rare disease advocates warn
New Medicaid work requirements could put rare disease patients’ coverage at risk. NORD CEO Pamela Gavin explains how families can prepare.
The Tech Download: Anduril CEO Brian Schimpf talks AI in warfare and manufacturing push
CNBC's Arjun Kharpal sits down on The Tech Download podcast with the defense company chief.
Reddit CEO says Google's AI Overviews can't replace '10 blue links' for referral traffic
Reddit CEO Steve Huffman said his company has to find ways to work around changes at Google, which is delivering less traffic than in the past.
Deadly storms and a global supply squeeze are sending copper prices soaring
Deadly storms in Chile have disrupted mining operations, further straining supply and potentially driving prices higher, strategists say.
Microsoft's Xbox chief lays out plan to pass rivals on margin by 2030 in memo to employees
Microsoft's gaming unit wants to invest in its Minecraft franchise and expand through partnerships, including in China.
SK Hynix, Samsung shares skyrocket to clock best days as AI rally roars back
South Korea's chip heavyweights SK Hynix and Samsung Electronics soared more than 20% on Friday, tracking a sharp rally in U.S. technology stocks.
We're raising our Apple price target, seeing plenty of good despite the memory crunch knocks
It was a good but not great quarter as Apple worked to mitigate the memory shortage, which impacted the reported quarter and guidance.
Coinbase shares fall after crypto exchange posts disappointing second-quarter results
Coinbase's Thursday report marked its third straight quarter missing Wall Street's forecasts for revenue and earnings.
UEFA threatens World Cup boycott over FIFA private equity investment plan
FIFA has faced backlash from global soccer governing bodies over the proposal to allow private investment.
Nexus Data Centers in advanced talks to secure $15B for Google-backed Anthropic data center
Morgan Stanley is the lead banker engaging in advanced talks to lend $15 billion to Nexus Data Centers, CNBC confirmed.
Fast-fashion retailer Shein’s 3-year IPO odyssey may have cost it the ‘golden time’ to go public
Investors are questioning whether Beijing's blessing can carry a $40-billion-plus valuation for a clothing retailer whose growth engine is stalling.
Tim Cook sees Apple's hybrid AI strategy as a 'competitive weapon'
Ahead of the launch of Siri AI, Apple's outgoing CEO Tim Cook said the company will charge for artificial intelligence through iCloud.
China’s U.S.-bound shipments fall in July after brief recovery, survey shows
The latest China Beige Book study found factory activity decelerated in July.