The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase
Goldman Sachs and JPMorgan showed that Wall Street is a major beneficiary of the AI boom, with record revenue driven by surging trading and investment banking.
Here’s the inflation breakdown for June 2026 — in one chart
The consumer price index rose 3.5% in June from a year earlier, a deceleration after several months of upward moves.
Warsh pledges Fed policy 'regime change' to rid inflation 'tax' on American people
Warsh pledged Tuesday to "get monetary policy right" and defeat the inflation that has bedeviled the central bank for the past five years.
U.S. strikes Iran before Hormuz Strait blockade restarts
President Donald Trump has said the U.S.-Iran ceasefire is over following multiple flare-ups of hostilities in the region.
SK Hynix options begin trading. But another group of stocks is stealing its thunder
One explanation for the lack of notable call-buying is that the surge in single-stock ETFs and leveraged funds stole a big chunk of the speculative limelight.
Current and former employees sue Meta, alleging discrimination in using AI to conduct layoffs
The lawsuit filed by current and former Meta employees underscores rising concerns about AI's impact on jobs and people with disabilities in the workforce.
United Airlines' new upsell: Keeping other travelers out of the middle seat
United Airlines will allow customers to pay more to keep the middle seat open on its Airbus A321XLRs
Social Security cost-of-living adjustment estimate for 2027 falls as inflation cools
New estimates show Social Security's annual cost-of-living adjustment for 2027 may be between 3.7% and 3.8%. Here's what to know.
Jim Cramer says concerns about AI market froth are overblown. Here's why
CNBC's Jim Cramer said today's stock market is far less concerning than it was during the dot-com bubble.
New York becomes first U.S. state to impose AI data center ban
New York became the first state to ban construction of 'hyperscale' AI data centers, for one year, after Gov. Kathy Hochul signed an executive order Tuesday.
Bipartisan group of senators propose Social Security reform process ahead of funding shortfall
Social Security's trust fund that helps pay retirement benefits may run out in about six years. A bipartisan group of senators is calling for earlier reform.
Lucid dismisses report that it is weighing filing for bankruptcy or going private after shares plunge
The report said Lucid was considering options that could include going private or filing for bankruptcy protection.
Zipline adds ex-Tesla, Uber, Waymo execs to make drone delivery mainstream across U.S.
Zipline is growing its drone delivery business in the U.S., and has hired former Tesla, Uber Eats and Waymo executives to help it scale up in new markets.
Oil prices rise as U.S. launches new Iran airstrikes, while Trump abandons Strait of Hormuz fee
Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.
Johnson & Johnson has a chance to show it's more than just a rotation winner
The healthcare giant's second-quarter earnings will shine the spotlight on its exciting new products and pipeline.
Cybersecurity stocks rally on AI spending change comments from IBM's Krishna
IBM CEO Arvind Krishna told CNBC's Sara Eisen that some major deals were put on hold toward the end of the quarter as businesses rethink spending.
U.S. trade official says 'very few' Nvidia H200 AI chips have been shipped to China
The remark is a sign that H200 shipments to China have restarted, potentially boosting Nvidia's sales even higher.
IBM stock craters 25%, the worst day on record, after company issues second-quarter earnings warning
The CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.
Supreme Court Justice Barrett says the threat level against judges 'is really high'
Supreme Court Justices Amy Coney Barrett and Elena Kagan are testifying about the high court's budget request, which includes higher spending for security.
T. rex sells for $50 million, becoming the most expensive dinosaur fossil ever auctioned
It passes a stegosaurus skeleton that billionaire hedge funder Ken Griffin bought for $44.6 million in 2024.
Warren Buffett is accelerating his charitable donations with aim to give away Berkshire wealth by 2034
Warren Buffett is speeding up the pace of his annual donations of Berkshire Hathaway shares to four family foundations, giving them a total of almost $6 billion now.
Apple in talks with startup that shrinks AI models to run on an iPhone
PrismML says its compressed version of Alibaba’s Qwen model uses up to 15 times less memory, potentially advancing Apple’s AI push.
E. Jean Carroll receives $5.6M from Trump in sex abuse, defamation case
A federal judge recently ordered Trump to pay Carroll, rejecting his last-ditch efforts while noting that he "has been stalling this case for years."
Chamath Palihapitiya says soaring AI token spend will hit companies' earnings
Palihapitiya is part of a growing chorus of investors and tech executives who are cautioning that the tokenmaxxing era is coming to an end.