U.S. ready to return to 'commitments,' Iran says, after Trump signals deal is near
Iran denied it was in talks with Washington, despite claims by Trump to the contrary.
Google is expanding its AI empire — and losing the people who built it
Google’s cloud boom is testing the company's commitment to frontier AI as commercial returns take priority.
JPMorgan's Jamie Dimon warns of high leverage: 'Somebody will disrupt the market'
JPMorgan Chief Executive Officer Jamie Dimon warned that leverage across financial markets remains elevated, adding that investors should be mindful that hidden borrowing could amplify market disruptions.
SoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseat
SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations.
Nintendo's fiscal first-quarter profit and revenue beat estimates, despite Switch 2 sales slump
Nintendo reported fiscal first-quarter earnings Thursday.
Inside India newsletter: What's behind India’s rush to sell shares in state-owned firms
India is ramping up stake sales in state-owned companies to keep the growth engine running amid growing fiscal constraints
Google's AI reshuffle: Chief scientist Jeff Dean exits and Demis Hassabis steps down as DeepMind CEO
Google's AI divisions are getting reshuffled, the search giant announced on Wednesday.
Disney weighs free, ad-supported streaming, says it has sold out Super Bowl ad spots
Disney is considering a free streaming product as advertising takes a bigger role in making streaming profitable.
How Disney parks are bucking a travel slowdown
Disney posted record quarterly revenue at its parks division despite a continued slump in international travel to the U.S.
Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says
Employers have grappled with soaring demand for GLP-1 drugs such as Ozempic and Wegovy, which can cost thousands of dollars per patient annually.
Bain Capital to acquire bubble tea chain Gong cha as rival MBK grapples with regulatory pressure at home
Bain Capital announced it will acquire Gong cha as MBK faces regulatory pressure in South Korea.
Asian tech stocks drop with SK Hynix plunging 10% after Wall Street AI names fall
Despite heightened volatility analysts remain optimistic over the outlook of the tech sector, with J.P. Morgan saying the tech sell-off had not derailed the AI investment cycle.
We're downgrading Honeywell Aerospace after a shockingly bad earnings debut
The company slashed its full-year guidance on key metrics in its first earnings report since separating from the Honeywell conglomerate in June.
Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation
Cook was part of a 9-3 majority that voted last week to keep the central bank's benchmark borrowing rate in a range between 3.5%-3.75%.
SpaceX ramps up Tesla Megapack purchases in Q2 to power its AI data centers
SpaceX is using Tesla's big Megapack backup batteries to help power its Colossus AI data centers in Greater Memphis.
We're increasing our Eli Lilly price target after another beat-and-raise quarter
The strength of its GLP-1 business suggests the stock still has more room to run.
Jim Cramer says investors should consider buying SpaceX for their kids
CNBC’s Jim Cramer said investors should view SpaceX as a multigenerational investment, whose biggest opportunities may take decades to fully materialize.
Etsy laying off 12% of staff in bid to streamline business, position for growth
Etsy announced the layoffs along with second-quarter earnings.
Hollywood is cranking out billion-dollar movies again. 'Spider-Man' just joined the ranks
Box office analysts say the resurgence of billion-dollar releases bodes well for a film industry that's still chasing pre-Covid levels, even with higher prices.
As Warsh and the Fed contemplate fewer meetings, markets brace for potential volatility ahead
Since taking office in May, Warsh has implemented several measures that reverse decades of Fed culture.
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.
Marc Benioff gets a new operating chief, as Salesforce promotes Miguel Milano
Salesforce promoted revenue head and former Oracle executive Miguel Milano to role of operating chief.
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.
E.l.f. Beauty sees $50 million windfall in tariff refunds as profits surge 100%
E.l.f. Beauty received $50 million in tariff refunds during its fiscal first quarter, leading profits to nearly double.