Fed's Hammack says 'now is the time to act' on raising interest rates
She still thinks the Fed needs to take action against inflation that is straining household budgets.
U.S. considers fresh round of tariffs on semiconductors, report says
As tech giants race to beat China in the AI infrastructure buildout, the U.S. is reportedly considering enforcing tariffs on semiconductors.
Texas Senate hopeful Talarico teams with Mark Cuban on plan to break up healthcare 'monopolies'
Texas Democratic Senate candidate James Talarico unveiled a plan to bust what he says are healthcare monopolies in an effort to lower costs.
Salesforce leads software rally, rocketing 20% on track for second-best day ever
Salesforce reported a strong beat on second-quarter earnings and announced an expanded AI partnership with Anthropic.
Okta's stock skyrockets 20%, CrowdStrike's surges 15% as rising AI threat boosts earnings
AI adoption is pushing customers to spend more on cybersecurity tools from companies such as CrowdStrike and Okta
Nvidia is bolstering support for Chinese open AI models as it warns of White House crackdown
Nvidia is optimizing hardware for DeepSeek and Qwen while warning that potential U.S. restrictions on models originating in China could hurt its business.
Salesforce CEO Marc Benioff says the ‘SaaSpocalypse’ is nonsense. Here's why
Salesforce CEO Marc Benioff pushed back against “SaaSpocalypse” fears.
What the Buss family Lakers dispute can teach the wealthy about trusts
Jeanie Buss, governor of the Lakers, is contesting her siblings' decision to sell the family's remaining stake in the NBA team.
Family offices are making a bullish bet on the stock market, according to CNBC Family Office Portfolio Tracker
The data includes the portfolios of hundreds of family offices, representing a total of $1.4 trillion in assets.
Nvidia jumps 7% after blockbuster earnings boost AI confidence
Nvidia shares rose on Thursday after the chip giant's revenue guidance reassured investors that AI demand will remain strong.
American Airlines adds batch of new international routes on its XLR planes
American is adding seven routes to its 2027 schedule, with the majority heading to smaller European cities from its Philadelphia hub or from New York City.
After Meta's landmark settlement with state AGs, legal headaches remain
Meta's agreement to settle a federal social media addiction case with state AGs doesn't absolve the company of similar litigation or potential regulation.
Why to delay claiming Social Security — even when COLAs are high
New estimates show the Social Security cost-of-living adjustment for 2027 may be up to 3.6%. Retirees may benefit from the boost even if they wait to claim.
Nvidia’s 70% growth forecast puts it on track to become tech’s No. 2 company by revenue
"Our demand is much greater than 70%," CEO Jensen Huang said on the earnings call.
Best Buy beats quarterly estimates and hikes its outlook, but stock falls
Best Buy raised its full fiscal-year outlook on Thursday after reporting a stronger-than-expected first-half performance.
CIA chief John Ratcliffe reportedly made secretive Moscow trip to warn Russia against attacking NATO
Russia and Ukraine have intensified long-range drone and missile strikes as fears of further escalation grow.
Qatari PM heads to Iran to 'de-escalate tensions' as tanker attack tests Trump’s Hormuz claim
The Prime Minister of U.S.-ally Qatar is in Iran for talks on Thursday as part of efforts to "de-escalate tensions" between Tehran and Washington.
This is ‘one of the worst’ credit card habits, experts say—41% of cardholders do it
Missing a credit card payment can damage your credit for years, while paying only the minimum can leave you in debt for decades.
Republicans are dismissing affordability. That could be a problem in November
President Donald Trump quipped that affordability was "devised" by Democrats, while Vice President JD Vance said groceries "cost what they cost."
OpenAI releases sweeping report on Hugging Face AI agent hack
The 37-page report walks through the actions that OpenAI's models took during a series of evaluations prior to and during the Hugging Face breach.
The toy industry's latest craze is cheap, colorful and very squishy
Squishy toys are booming, with social media and low prices helping fuel the craze.
Federal judge lifts final block on Trump mail-in voting order, clearing way for midterm restrictions
The rule in question would require election officials to give USPS voter information and use federally reviewed, uniquely barcoded ballot envelopes.
The post-penny economy: How cash rounding and credit card surcharges are changing what you pay
More merchants are rounding change for cash purchases to the nearest nickel due to the end of penny production, or adding surcharges to credit card transactions.
Anthropic and Nscale strike $45 billion cloud deal, sources say
Anthropic will rent around 460 megawatts of compute capacity at an Nscale data center development in West Virgina, according to sources.