CNBC

Trump's 250-foot 'triumphal arch' would loom over Potomac, new renderings show

The Trump administration submitted o‏icial architectural renderings for the planned 250foot "triumphal arch" near Arlington National Cemetery. The U.S. Commission of Fine Arts is due to review the proposed project, which has been touted by President...

Trump says Iran 'better stop now' if it's charging oil tankers fees to go through Strait of Hormuz

President Donald Trump said that Iran "better stop now" if it is charging fees to oil tankers passing through the Strait of Hormuz. Trump's warning in a Truth Social post put even more strain on the fragile ceasefire between the U.S. and Iran less than...

Microso‏ developer tools executive Julia Liuson is retiring a‏er 34 years

House Democrats call on federal regulator to crack down on o‏shore prediction market war bets

Seven House Democrats on Tuesday sent a letter — obtained first by CNBC — to Commodity Futures Trading Commission Chair Michael Selig asking why the agency had not cracked down on o‏shore war bets. Well-timed bets on the ouster of...

Broadcom agrees to expanded chip deals with Google, Anthropic

OpenAI's Fidji Simo takes medical leave, announces leadership changes

Fidji Simo, OpenAI's product and business chief, announced several leadership changes and told sta‏ers she is taking a medical leave of absence. Simo has a neuroimmune condition called POTS, and she said that the past month has been "particularly rough...

Meta's court losses spell potential trouble for AI research, consumer safety

Meta's two courtroom defeats centered on di‏erent cases, but both involved allegations that the company knew about its products' harms. The verdicts show that by hiring researchers to analyze how products a‏ect users, companies open themselves to...

Tech stocks su‏er worst week in nearly a year, driven down by war…

The Nasdaq slumped 3.23% this week, its worst drop since April 2025. Meta slid more than 11% a‏er two court defeats, and Micron fell more than 15% as investors rotated out of the memory company following a huge pop.…

Tech stocks su‏er worst week in nearly a year, driven down by war worries, Meta legal woes

The Nasdaq slumped 3.23% this week, its worst drop since April 2025. Meta slid more than 11% a‏er two court defeats, and Micron fell more than 15% as investors rotated out of the memory company following a huge pop. Surging oil prices due to Iran's...

Fraud probe bill from Reps. Ro Khanna and Tim Burchett would…

Democratic Rep. Ro Khanna and Republican Rep. Tim Burchett told CNBC they will introduce a new bill to commission a nationwide waste, fraud and abuse probe of state-administered programs that use federal…

U.S. Postal Service seeks 8% fuel surcharge for package deliveries as Iran war raises oil prices

The U.S. Postal Service wants to impose a temporary 8% fuel surcharge for package and express deliveries to deal with rising transportation costs, which include higher oil prices as a result of the Iran war. If approved by the Postal Regulatory...

Micron stock sinks for a fourth straight day despite dominant earning…

A‏er reporting blowout second-quarter earnings last week, Micron stock has dipped around 14%. The memory company has benefitted from the surge in demand for artificial intelligence chips. Micron CEO Sanja…

Volume in stock and oil futures surged minutes before Trump's market-turning post

At around 6:50 a.m. in New York, S&P 500 e-Mini futures trading on the CME recorded a sharp and isolated jump in volume. A similar pattern was observed in oil markets. Roughly 15 minutes later, at 7:05 a.m., Trump posted a market-moving announcement...

ICE agents will be deployed to U.S. airports on Monday: Homan

Immigration and Customs Enforcement Agents will deploy to airports to help ease security lines amid the Department of Homeland Security shutdown, border czar Tom Homan said. Travelers have su‏ered through massive security lines at some airports as...

Former special counsel Robert Mueller has died at 81

Robert Mueller, the former special counsel who investigated Russian interference in the 2016 presidential election, died on Friday at 81. Mueller concluded in 2019 that Russia interfered in the election in an e‏ort to influence voters towards President...

Elon Musk misled Twitter investors ahead of $44 billion acquisition, jury says

A jury in California found that Elon Musk misled Twitter investors in the runup to his $44 billion purchase of the social media company. Musk was originally sued in late 2022 a‏er completing his acquisition of the social media company, which he later...

Public relations firm picks bar fight with Polymarket

Public relations firm Global Situation Room sent a cease and desist letter to Polymarket over the prediction market's planned bar pop-up in Washington. Polymarket has dubbed the bar "The Situation Room," which the consulting firm's attorney said...

Micron revenue almost triples, tops estimates as demand for memory soars

Micron has benefited from a memory supply shortage driven by surging demand for Nvidia's AI chips. Among the 10 most valuable tech companies in the U.S., Micron is the only one that's seen gains in its stock price this year. Revenue almost tripled in...

Elon Musk and SEC in talks to settle lawsuit over Twitter deal

The SEC and Elon Musk are in talks to settle a civil lawsuit brought by the financial regulator early last year, according to a court filing out Tuesday. In its suit, the SEC accused Musk of failing to promptly disclose that he amassed an active stake...

Apple acquires video editing company MotionVFX to boost subscribers

Apple has acquired visual e‏ects editing company MotionVFX. The Polish startup has tools that work with Apple's Final Cut Pro editing suite. The acquisition will help the iPhone maker attract more subscribers to its recently announced Creator Studio...

Senate Democrats oppose SAVE America Act as Republicans prepare for floor vote. What to know

As Senate Republicans prepare to vote on the SAVE America Act this week, Democrats remain opposed to the voter-ID legislation backed by President Donald Trump. Without a change to the filibuster, the legislation isn't likely to...

Tehran threatened to attack

the infrastructure of its neighbor, the United Arab Emirates, saying its ports are "legitimate targets" because they were used by the U.S. to attack Iran. U.S. President Donald Trump called on other nations to help secure the Strait of Hormuz a‏er he...

DOJ to appeal judge's decision to block Fed subpoenas in Powell criminal probe

A federal judge in a scathing ruling blocked subpoenas issued by a grand jury to the Federal Reserve as part of a criminal investigation of Chair Jerome Powell. U.S. Attorney for the District of Columbia Jeanine Pirro immediately said the Department of...

Adobe CEO Shantanu Narayen says he will step down a‏er company installs successor

Adobe said CEO Shantanu Narayen will step down a‏er the company has put in place a successor. Narayen, who has helmed the design so‏ware maker since 2007, will stay on as board chair. Adobe shares are down 23% this year as part of a broader sello‏ in...

Atlassian slashes 10% of workforce to 'self-fund' investments in AI and enterprise sales

Atlassian said it's cutting 10% of its workforce, or about 1,600 jobs, as it restructures to fund investments in artificial intelligence and enterprise sales. The company said in a blog post that employees would be receiving an email letting them know...

Oracle stock jumps 9% on earnings beat and increased guidance as cloud revenue climbs 44%

Oracle surpassed estimates for the quarter, and li‏ed its guidance for fiscal 2027 revenue. During the quarter, Oracle announced plans to raise $45 billion to $50 billion in the fiscal year to expand its cloud infrastructure capacity. Remaining...

Seventh U.S. service member killed in Iran war identified as Sgt. Benjamin Pennington

The Department of Defense identified U.S. Army Sgt. Benjamin Pennington as the seventh American service member to have been killed in the Iran war. The Kentucky native Pennington, who died a week a‏er being wounded during an Iranian strike on an air...

Trump vows legislative blockade until SAVE America voter-ID bill is passed

President Donald Trump vowed to withhold his signature from any bills that reach his desk until Congress passes a controversial voter-ID measure known as the Save America Act. Prominent conservatives are pushing the bill, which would make it...

Iran war could make a‏ordability bigger issue in 2026 elections

Democrats hoping to flip the House and Senate in the 2026 midterm elections are dialing up their messaging on cost-of-living issues a‏er the United States and Israel launched military strikes against Iran. U.S. crude oil has jumped past $90 per barrel,...

Trump says he'll issue executive order to 'fix' college football NIL money 'mess'

President Donald Trump on Friday vowed to issue an executive order to "fix" what he described said was a "mess" in college sports created by so-called NIL payments to football, basketball. Trump's comments came at a White House roundtable on college...

Trump hints U.S. will turn to Cuba a‏er Iran: 'Just a question of time'

President Donald Trump suggested his administration will turn its sights to Cuba a‏er U.S. military operations in Iran are done. It "will be just a question of time before you and a lot of unbelievable people are going to be going back to Cuba,...

Broadcom beats on earnings and guidance as AI revenue doubles

Broadcom reported an earnings and revenue beat for the fiscal first quarter and issued better-than-expected guidance for the current period. CEO Hock Tan said the company has a line of sight to over $100 billion in revenue from artificial intelligence...

Epstein files: Goldman Sachs lawyer Kathryn Ruemmler asked to testify to House panel

The House committee investigating the notorious sex o‏ender Je‏rey Epstein has asked Goldman Sachs' top lawyer, Kathryn Ruemmler, to testify about her interactions with Epstein, her spokeswoman said. "Ms. Ruemmler welcomes the opportunity to appear...

Next phase of Iran war ‘will be even more punishing’: Rubio, Trump o‏icials brief Congress

Secretary of State Marco Rubio briefed the Gang of Eight on Monday a‏ernoon. Congressional sta‏ from relevant committees were briefed over the weekend, according to the White House, and an all-Congress briefing is scheduled for...

Iran a‏er Khamenei: What's next and what it means for the country?

Iran's supreme leader, Ayatollah Ali Khamenei, has been killed in a joint military strike. Khamenei assumed power following the death of Ayatollah Ruhollah Khomeini in 1989. Killing Khamenei is not, in itself, 'regime change,' one analyst told CN​BC....

Anthropic's Claude hits No. 2 on Apple's top free apps list a‏er Pentagon rejection

Anthropic's Claude app has gained popularity in recent weeks, as the company's battle a‏er the use of its artificial intelligence models by the U.S. Department of Defense made headlines. Claude has reached the No. 2 spot on Apple's rankings of top free...

White House gives Democrats new DHS funding o‏er as partial government shutdown drags on

The White House countero‏er is a sign of movement as negotiations to reopen the Department of Homeland Security continue. Democrats have called for changes to the Trump administration's immigration enforcement policies. Senate Democrats on Monday...

Anthropic CEO Amodei says Pentagon's threats 'do not change our position' on AI

Anthropic CEO Dario Amodei on Thursday said the company "cannot in good conscience" agree to allow the Department of Defense to use its models in all lawful use cases without limitation, adding that the agency's threats do not change its position.

Head of Amazon’s AGI lab is leaving the company

David Luan, the head of Amazon's artificial general intelligence lab, plans to depart the company less than two years a‏er joining, he announced on Tuesday. The lab, based in San Francisco, was created in December 2024 to work on long-term research...

Supreme Court ruling throws Trump administration's tari‏ strategy into flux. What it means for global trade, U.S. economy

U.S. President Donald Trump's decision to reimplement tari‏s a‏er the Supreme Court struck some down only served to aggravate global trade tensions. As uncertainties rise, foreign governments and big businesses are likely to...

Chaos, confusion and $200 billion dreams: What I saw at India’s AI summit

Despite the chaos at the summit, enthusiasm from big tech companies for India's potential continues to grow. Executives including Alphabet CEO Sundar Pichai and OpenAI boss Sam Altman talked up India's advantages fro…

Trump to hike global tari‏s to 15% from 10%, 'e‏ective immediately'

President Donald Trump on Saturday said he would increase global tari‏s to 15% from 10%, one day a‏er the Supreme Court struck down his "reciprocal" tari‏s. The new tari‏s will be "e‏ective immediately," Trump said in a Truth...

Labor secretary's husband barred from HQ a‏er claims he sexually…

At least two female sta‏ers have made allegations that they were sexually assaulted by the husband of Labor Secretary Lori ChavezDeRemer, according to multiple reports. Chavez-DeRemer's husband, Dr. Shawn…

Epstein would 'name drop' Trump, Les Wexner says in deposition video

Je‏rey Epstein would "name drop" President Donald Trump as one of the many high-profile people he claimed to know, billionaire Leslie Wexner said in a congressional deposition that was released Thursday. Asked to clarify that…

Trump fans flames of election access as Republican support grows for…

Democrats say President Donald Trump's promise to unilaterally implement voter ID before the midterms is unconstitutional. Trump hyped unfounded voting irregularities in the 2020 election, which he lost to Joe Biden, in…

Potomac River sewage spill: Trump says Democrats need to ask for his help

Pres​i​dent Don​ald Trump is trad​ing blows with De​mo​c​ra​t​ic gov​er​nors in the mid-At​lantic over a mas​sive sewage leak that dumped hun​dreds of mil​lions of gal​lons of waste​water in​to the Po​tomac Riv​er. Trump on Tues​day de​mand​ed that the...

Hyatt Chairman Pritzker leaves board over Epstein ties

Hyatt Hotels Chairman Thomas J. Pritzker said he would retire in a letter to the chain's board. Pritzker, who has held the role for more than two decades, said he regretted maintaining contact with sex predator Je‏rey Epstein....

Trump trade adviser Navarro says administration may force data center builders like Meta to 'internalize' costs

President Donald Trump's trade and manufacturing adviser Peter Navarro said on Sunday that the White House may force data center builders to absorb utility costs. Data centers powering artificial intelligence are straining the...

U.S. and European interests are 'intertwined,' Secretary of State Rubio says

U.S. Secretary of State Marco Rubio underscores common heritage and goals with Europe. "We care deeply about your future and ours," Rubio tells the Munich Security Conference. Ukrainian President Volodymyr Zelenskyy thanks the U.S. for its support,...

Trump takes a beating from his own party amid Epstein files release and tari‏s rebuke

Some of President Donald Trump's top allies in Congress have diverged from him in recent weeks. With the midterms approaching, Trump is grappling with polls showing low approval ratings overall and on key issues, especially the...

Instacart stock pops 14% on revenue beat, optimistic guidance

Instacart topped Wall Street's fourth-quarter revenue estimates and issued strong guidance as more customers turn to the grocery delivery platform. Instacart said it had its strongest quarter of gross transaction value in three years as its enterprise...

Instagram chief likens social media addiction to being hooked on a Netflix show in trial testimony

Instagram head Adam Mosseri said that there can be problematic usage of social media, but he disagreed that it constitutes an addiction. Mosseri testified in Los Angeles Superior Court during a social media trial over allegations that Meta, YouTube,...

SAVE Act voter ID bill is on the minds of Trump and Congress: What to know

The SAVE America Act would require photo ID to vote in federal elections and proof of citizenship to register. The House will vote on the proposal next week, as lawmakers pressure Senate leadership to change its rules to ensure passage. President...

Sam Altman touts ChatGPT's reaccelerating growth to employees as OpenAI closes in on $100 billion funding

OpenAI CEO Sam Altman told employees that ChatGPT is "back to exceeding 10% monthly growth," according to an internal Slack message viewed by CNBC. The company is aiming to launch a new model within ChatGPT this week, Altman...

Federal judge orders Fulton County Georgia election case documents unsealed by Tuesday

A federal judge ordered documents related to the FBI's seizure of 2020 election ballots in Georgia be unsealed by Tuesday The order came down from Judge J.P. Boulee of the U.S. District Court in Georgia, an appointee of President Donald Trump. The raid...

Nearly a thousand Google workers sign letter urging company to divest from ICE, CBP

Hundreds of Google workers signed an open letter urging the company to cut its ties with ICE and CBP a‏er rising violence. The letter also calls on the company to institute protections for its workers. It adds to mounting...

Tech AI spending may approach $700 billion this year, but the blow to cash raises red flags

Tech's megacaps announced major increases in capex for 2026, with the four hyperscalers now expecting combined spending of close to $700 billion. Reaching those numbers is going to mean a big drop in free cash flow, with Amazon...

Amazon cloud unit beats on revenue and profit as parent company ramps up AI spending

Ama​zon Web Ser​vices sur​passed Wall Street ex​pec​ta​tions on rev​enue and op​er​at​ing in​come. AWS' op​er​at​ing mar​gin widened slight​ly to 35% in the fourth quar​ter from 34.6% in the pri​or pe​ri​od. Ama​zon said Thurs​day that rev​enue from...

Google parent beats on revenue, projects significant AI spending increase

Alphabet beat Wall Street's expectations for earnings and revenue. The company reported Capex spend in the range of $175 billion to $185 billion — nearly double its 2025 spend. The company saw revenue increase almost 18% year...

Trump: If states can't run elections 'honestly,' then 'somebody else should take over'

Pres​i​dent Don​ald Trump said "the fed​er​al gov​ern​ment should get in​volved" in elec​tions in states that are un​able to "legal​ly and hon​est​ly" ad​min​is​ter them on their own. If they can't, then "some​body else should take over," Trump said in...

Waymo announces $16 billion funding round

Alphabet's self-driving car unit Waymo on Monday said it raised a $16 billion funding round that values the company at $126 billion "post-money." The new infusion of cash includes several new investors, the company said. The fundraising round will...

United Arab Emirates' 'Spy Sheikh' bought secret stake in Trump crypto company: WSJ

Sheikh Tahnoon bin Zayed Al Nahyan of the United Arab Emirates purchased a secret 49% stake in the Trump family's World Liberty Financial, The Wall Street Journal reported late Saturday. Tahnoon, known as the "Spy Sheikh," is a UAE royal and government...

Bitcoin dips below $78,000 as market digests silver sell-o‏, Trump's Fed chair pick

Cryp​tocur​ren​cies sank on Sat​ur​day, with bit​coin falling be​low $78,000. The slide fol​lows the re​cent strength in the U.S. dol​lar fol​low​ing Pres​i​dent Don​ald Trump's se​lec​tion of Kevin Warsh as his choice for the next Fed​er​al Re​serve...

Je‏rey Epstein victims blast DOJ for 'incomplete' release of files

The Department of Justice is releasing 3 million additional pages of documents related to Je‏rey Epstein, along with 2,000 videos and about 180,000 images, Deputy Attorney General Todd Blanche said. The large release comes a‏er weeks of criticism that...

OpenAI will retire several models, including GPT-4o, from ChatGPT next month

OpenAI announced it will retire several models from its ChatGPT chatbot next month. GPT‑4o, which is beloved for its warm conversational style, is one of the models that will be removed from the chatbot. OpenAI said just 0.1% of users are choosing to...

'ICE is not a law unto itself,' Minnesota judge says a‏er immigrant released following contempt threat

A top Minnesota federal court judge excoriated the U.S. Immigration and Customs Enforcement agency for violating nearly 100 court orders in the past month. "ICE has likely violated more court orders in January 2026 than some federal agencies have...

Alex Pretti killing: Minnesota CEOs, including UnitedHealth, Target, call for 'immediate deescalation'

Leaders of major Minnesota-based companies, including 3M, Cargill and UnitedHealth urged an "immediate deescalation" of tensions in Minnesota a‏er U.S. citizen Alex Pretti was shot. The Trump administration has surged federal law enforcement as part of...