U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
While the GDP number was below expectations, the miss appeared to come from a decline in federal government spending and inventories.
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.
New details in the OpenAI Hugging Face hack show how far agents will go: 'It's now remarkably easy'
OpenAI's rogue models used publicly exposed credentials across "four accounts on four services" to help facilitate the Hugging Face breach.
Meta tanks 9%, continuing record losing streak, while Microsoft jumps 15% as AI trade splits
Microsoft posted strong Azure and Copilot growth, while Meta missed revenue guidance forecasts as free cash flow plunged leading to diverging stock moves.
Apple and Amazon report after the bell. Here's what the options market is saying
Earnings on deck this afternoon for Apple and Amazon will likely decide if the stock market can end what’s so far been a rough week on solid footing.
Jeep maker Stellantis swings to profit on rising demand in North America
Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America.
The oil majors are about to report booming profits. These smaller stocks may be better buys
Several renewable and AI-linked stocks that may be better buys than the majors right now, according to Wall Street.
Trump promised a 'golden age' for agriculture. Farmers in Iowa say they're still waiting
President Donald Trump has promised a "golden age" for agriculture, but farmers in Iowa and elsewhere are struggling with tariffs and the Iran war.
How NBCUniversal's deal with YouTube could jumpstart the next chapter of the streaming wars
The next iteration of the streaming wars is likely to be about aggregating content on the biggest existing platforms.
Amazon's Zoox to begin charging for rides in Las Vegas after clearing NHTSA hurdle
The exemption allows Zoox to operate up to 2,500 vehicles annually for two years, subject to "enhanced, adaptable" oversight conditions.
Egypt says drone hit two ships at Mediterranean port as attacks on energy infrastructure widen
The unclaimed attack comes as Iran, its Houthi alllies in Yemen and Iraqi militias have widened strikes on energy infrastructure across the region.
Cyclospora outbreak has hurt Taco Bell but sales are already improving, Yum Brands CEO says
The restaurant company provided no update on the cyclospora outbreak tied to Taco Bell restaurants is affecting its business.
Ferrari CEO says he 'would not change anything' about polarizing Luce EV debut
Ferrari is pleased with the launch of the Luce all-electric vehicle despite significant criticism upon the car's spring debut, according to CEO Benedetto Vigna.
Iran says it will 'punish the aggressor today' after 'heavy wave' of U.S. strikes
Iran's Revolutionary Guard threatened further escalation on Thursday after a wave of retaliatory U.S. strikes on the country overnight.
Starbucks raises full-year outlook as CEO tells CNBC the chain is winning back customer loyalty
Starbucks posted its fourth straight quarter of same-store sales growth, as it continues a turnaround under CEO Brian Niccol.
Loeffler's financial disclosure reveals husband’s ties to exclusive Trump Jr.-backed private club
The Executive Branch club, where members include Trump administration officials, investors and business leaders, charges a $500,000 entry fee.
Chipotle stock jumps as chain hikes same-store sales forecast, says cyclospora fears hit sales in late July
Chipotle Mexican Grill stock has fallen more than 7% this year, dragging its market value down to roughly $44 billion.
Wealth managers face a new challenger: Their clients’ AI chatbots
Large language models may give financial advisors a run for their money, but wealth management leaders say the human touch can't be replaced.
Zuckerberg lays out Meta's AI capacity dilemma: What to sell vs. what to keep
For investors anxious to hear more about Meta's plans to make money from its big AI spending, Mark Zuckerberg said there's a trade-off.
China threatens retaliation against U.S. humanoid robot ban, says it 'severely damages' relations
China's Commerce Ministry said Thursday the U.S. Federal Communications Commission has repeatedly ignored Beijing's restrained stance.
OpenAI CFO Sarah Friar tells employees that annualized revenue in July topped all of Q2
OpenAI is trying to reassure employees that the business is healthy as competition emerges from Anthropic as well as a host of open-source players.
Senate Judiciary postpones Blanche AG nomination vote over Trump-IRS settlement concerns
Sen. John Cornyn, R-Texas, says the DOJ has failed to satisfy his concerns about a deal to shield President Donald Trump and others from IRS tax audits.
Samsung says chip crunch will last until 2028 as quarterly profit soars
Samsung Electronics extended its record run with second-quarter operating profit topping analysts' estimates.
SpaceX faces House Energy Committee demand to tour its AI data centers in Memphis
The ranking member of the House Committee on Energy is demanding SpaceX records and a tour of its data centers and power plants in and around Memphis.