SpaceX dives 10% after AI spending surge rattles investors
CEO Elon Musk said SpaceX would hit $1 trillion in annual revenue in 2030 versus a previous forecast of 2031 as he looked to strike an bullish tone.
U.S. says Strait of Hormuz is 'free and open' as Bessent signals deal with Iran is close
U.S. Central Command said the "southern route of the Strait of Hormuz remains free and open"
Novo Nordisk CEO defends economics of Wegovy pill as lower prices weigh on sales; shares fall
Wall Street isn't convinced the Ozempic maker has a promising path back to sustainable growth as competition from Eli Lilly intensifies.
Europe is blowing up riverbeds as an extreme drought wreaks havoc on its economy
Severe drought is disrupting energy and freight across Europe as low Rhine and Danube levels raise risks for supply chains and economic growth.
GM, Chinese automaker extend joint venture for 20 years despite geopolitical tensions with U.S.
GM said the deal will focus on domestic sales of Buick and Cadillac models in China and exporting Chevrolet products built in China for non-U.S. markets.
SoftBank jumps 13% as Asia tech stocks track Wall Street AI rally
Asian technology stocks rallied on Wednesday after Wall Street's record-setting session fueled optimism around artificial intelligence and growth stocks.
India's central bank keeps benchmark rates steady, cites 'moderate' core inflation
The Reserve Bank of India has kept interest rates unchanged amid creeping inflation.
Europe's heatwave isn't cooling Asian travelers' holiday plans for the continent
Asian travelers' appetite for Europe remains resilient despite record-breaking heat, with spending in Northern Europe projected to increase.
Why Michigan voters are hearing 'communist' as they vote Tuesday
President Donald Trump and Republican allies are escalating attacks that label Democrats communists after progressive candidates won elections and primaries.
AMD's revenue climbs 50% and data center sales doubled, but the stock is down
AMD's data center unit is driving the company's growth, up 107% over last year.
Michael Burry bets against rally: 'We are near a major top, and possible a 1987-type fall'
"I continue to believe it is possible we are near a major top, and possible a 1987-type fall," Burry said in a Tuesday Substack post.
CNBC's The China Connection newsletter: AI wins come with an old investor risk
From a surprise yuan devaluation in 2015 to crackdowns in recent years, many of Beijing's policy moves appear abrupt to outsiders.
China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts
Beijing's move to tax offshore trusts, long used by China's ultra-rich to hold money, has set off a rush to lawyers and a scramble for cash.
The stock market soars. 5 reasons behind the big surge Tuesday
The Dow had its best day in nearly two months and the S&P 500 rose to new highs.
An overlooked player in data center buildout delivers once again
Not only did results outpace expectations on both the top and bottom lines, but we also got a boost to full-year guidance.
Jim Cramer says one hedge fund's collapse cleared the way for tech's rally
CNBC's Jim Cramer said the collapse of AI-focused hedge fund Situational Awareness removed a major source of forced selling.
How the 'Baby iPhone' and an Apple supplier leak explain China's recent supply chain moves
In China's biggest electronics marketplace, Huaqiangbei, technicians don't have the parts to make exact copies of Apple's latest phones.
Sen. Susan Collins will oppose Blanche, a critical blow for Trump's AG pick
Attorney General nominee Todd Blanche needs at least 50 votes on the Senate floor to be confirmed after clearing the Senate Judiciary Committee.
Takaichi’s fiscal push could lift growth — and Japan’s already-rising interest bill
Japan is giving up revenue now in the hope that stronger consumption and a 370 trillion yen public-private investment will deliver faster growth later.
Paramount Skydance raises full-year profit guidance, remains 'confident' about WBD merger
Paramount Skydance reported second-quarter earnings after the bell and said it continues to prepare for its proposed merger with Warner Bros. Discovery.
Chipotle stock falls on potential link to salmonella outbreak in Minnesota
Chipotle has pulled the affected supply from restaurants and replaced them with peppers from different growers, according to the company.
Lucid begins 'operational reset' as CEO says EV maker will delay midsize vehicle
The company didn't provide updated guidance. New CEO Silvio Napoli earlier this year suspended production expectations.
Pinterest shares fall on lukewarm sales guidance
Pinterest reported better-than-expected earnings and revenue for the second quarter, though its forecast was online in line with estimates.
Oil prices tumble after Bessent says Strait of Hormuz deal may come this week
Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz would allow freedom of navigation.