SoftBank Group shares soar 20% as Nvidia earnings signal strong AI momentum
SoftBank Group is closely tied to the AI boom through its stake in Arm Holdings, whose chip designs are used in AI servers and data centers powered by Nvidia systems.
Bezos defends billionaires, hypes AI, talks taxes and praises Trump in CNBC interview
Jeff Bezos rejected accusations that Amazon's decision to release a documentary on first lady Melania Trump was an effort to curry favor with the president.
Japan exports jump 14.8% in April, beating expectations as semiconductor shipments soar
The figure outperformed the 9.3% estimate from Reuters.
Congress is best chance to stop Trump 'lawfare' fund, attorneys say
The Department of Justice has set up a $1.8 billion fund that will purportedly compensate victims of prosecutorial overreach under the Biden administration.
Inside India newsletter: India’s investment appeal dims as firms and funds pivot to the U.S.
AI-driven growth and 'America-first' policies are pulling global capital to the U.S., challenging India's appeal as the fastest-growing economy.
Jeff Bezos says there is ‘no truth’ to the ‘buy borrow die’ tax strategy
The "buy, borrow, die" strategy refers to the practice of wealthy founders or investors borrowing against their assets and using the loan proceeds as income.
Bezos brushes off concerns of an AI bubble: 'You shouldn't worry about it'
Amazon founder Jeff Bezos shrugged off concerns of a looming AI bubble, saying the massive investments will ultimately drive the technology forward over time.
Jim Cramer says the world of tech investing has changed and it's not going back
CNBC's Jim Cramer said semiconductor and AI infrastructure stocks have replaced software as the market's technology leaders.
U.S. crude oil falls below $100 per barrel after Trump says Iran talks in final stages
Trump told reporters that the administration was in the "final stages" of negotiations with Iran, according to a pool report.
Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth
Intuit's stock has been hammered this year as investors worry that generative artificial intelligence models could threaten software companies.
SpaceX is poised to be the biggest IPO ever. Here are the top U.S. deals to date
Before SpaceX's upcoming IPO sets an expected record, Alibaba, Facebook and Visa raised historic sums in the U.S.
E.l.f. Beauty to walk back some tariff price increases amid high gas prices and consumer 'suffering'
E.l.f. Beauty raised prices by $1 last August to offset the impact of tariffs. It's now planning to walk back some of that amid a consumer pullback.
Sinkhole shuts runway at LaGuardia Airport, delaying flights, Port Authority warns
The Port Authority said travelers should expect delays and cancellations, with thunderstorms expected also expected to roll in Wednesday.
OpenAI takes the lead in AI IPO horse race: 'Getting to public markets first is very important'
It comes after reports that the AI giant and ChatGPT owner is set to file confidentially for an IPO as soon as this week.
Ram unveils lineup of Hemi V-8 engine-powered 'muscle trucks' despite high gas prices
Stellantis plans to launch a new lineup of what it's calling "muscle trucks" for its Ram brand despite elevated U.S. gas prices due to the war in Iran.
What Goldman’s lead role in SpaceX’s record-breaking IPO means for investors
It's a major win for Goldman's dealmaking division.
OpenAI to confidentially file for IPO as soon as Friday: Source
OpenAI is working with banks including Goldman Sachs and Morgan Stanley.
DOJ charges ex-prosecutor with stealing Trump documents case report prepared by Jack Smith
Carmen Mercedes Lineberger allegedy emailed herself a copy of Volume II of special counsel Jack Smith's report on Trump's criminal case.
Mamdani fires back at Bezos over Queens teacher tax remark
Amazon founder Jeff Bezos called for eliminating federal income taxes on the bottom half of earners as Mamdani pushes a luxury second-home tax in New York City.
UAE says new pipeline that will bypass Strait of Hormuz is nearly 50% complete
The UAE has redirected some oil exports through an existing pipeline to Fujairah, which has a maximum capacity of 1.8 million barrels per day.
Fed officials see rate hike ahead if inflation stays elevated, minutes show
A majority of officials anticipated that interest rate increases would be necessary if the Iran war continued to aggravate inflation.
House approves breakthrough housing bill in a win for investors
The U.S. House approved an updated housing affordability bill after removing industry-opposed requirements on selling build-to-rent homes.
Zuckerberg's Meta layoffs memo: 'Success isn't a given' in the AI era
Meta on Wednesday commenced its latest round of layoffs, which affect about 10% of the company's workforce or roughly 8,000 jobs.
Cheap AI could derail OpenAI and Anthropic's IPOs
Chinese AI labs are matching American frontier capability at a fraction of the cost.