CNBC

DOJ rebu‏s judge's request to put in writing it won't move forward with 'anti-weaponization' fund

The Department of Justice told a federal judge it would be "unnecessary" to attest in writing that it won't move forward with its "anti-weaponization" fund because senior administration o‏icials already told Congress the fund is o‏ the table. Judge...

Waymo recalls about 3,900 robotaxis a‏er some drove into 'freeway construction zones'

A‏er some Waymo robotaxis drove into closed construction zones, the company implemented a recall to fix underlying so‏ware issues. The voluntary recall is the second in a little over a month for Alphabet's autonomous vehicle...

Analysis: Chairman Kevin Warsh’s task forces are the key to understanding the new Fed

Fed Chairman Kevin Warsh stuck to his long-stated belief in his first press conference on Wednesday that "inflation is a choice." That message is part of a broader reorganization Warsh has planned to shi‏ the Fed to being quieter and what he sees as...

Snap unveils $2,195 AR glasses as CEO Evan Spiegel bets on postsmartphone future

Snap is launching Specs, the company's first AR glasses geared toward the broader public instead of developers. The glasses cost $2,195 with a $200 refundable deposit, and are expected to ship later this year. "Almost 20 years since the launch of the...

SpaceX stock jumps 20% in first full day of trading a‏er record debut

Shares of SpaceX climbed on Monday, their first full day of trading a‏er jumping 20% in their debut on Friday. SpaceX completed the biggest IPO in history, raising $75 billion before underwriters exercised their overallotment. CEO...

U.S. and Iran agree on peace deal to end the war, Trump and Pakistan say

The U.S. and Iran have agreed on a deal to bring their nearly fourmonth war to an end, with both sides declaring the immediate and permanent termination of military operations on all fronts, including in Lebanon, Pakistan Prime Minister Shehbaz Sharif...

Trump says peace deal will be signed Sunday a‏fter Iran said it remains cautious on timing

President Donald Trump posted on Truth Social that a deal to end the war with Iran will be signed on Sunday. He added that the Strait of Hormuz will be opened immediately a‏er the signing. Iranian state media reported that the country remained cautious...

SpaceX IPO won’t ‘break’ the bull market. But investors are worried about what comes next

Wall Street expects that the stock market can digest the new equity supply from SpaceX's initial public o‏ering. SpaceX's anticipated $75 billion capital raise will absorb just a little over two weeks of shareholder payouts, according to Gavekal...

Warren questions SpaceX IPO oversight in new letter to stock indexes

Sen. Elizabeth Warren, D-Mass., sent a letter to stock indexes asking them about changes to rules overseeing which stocks are listed in their indexes. Warren is requesting answers on to what extent SpaceX, OpenAI and Anthropic have pressured indexes to...

U.S. military launches strikes in retaliation for Iran downing helicopter

American forces launched strikes against Iran "in response to yesterday's downing of a U.S. Army Apache helicopter," U.S. Central Command said. President Donald Trump earlier said the U.S. would "respond" to the downing of the...

OpenAI confidentially files for IPO, prepping Wall Street for mega AI debut

OpenAI has confidentially filed for an IPO with the Securities and Exchange Commission, setting the stage for what could be one of the largest public markets debuts in history. The confidential disclosure comes days before Elon Musk's SpaceX is set to...

U.S. confirms second Texas screwworm case, Canada restricts livestock imports

The U.S. Department of Agriculture confirmed a second case in Texas of New World screwworm, a flesh-eating parasite. The USDA said the U.S. food supply remains safe despite the detections. The Canadian Food Inspection Agency said it will temporarily...

U.S. confirms second Texas screwworm case, Canada restricts livestock imports

The U.S. Department of Agriculture confirmed a second case in Texas of New World screwworm, a flesh-eating parasite. The USDA said the U.S. food supply remains safe despite the detections. The Canadian Food Inspection Agency said it will temporarily...

Marvell Technology and Flex to join S&P 500 index, replacing Pool and Campbell's

Marvell Technology, which makes parts and products needed for the AI infrastructure boom, is joining the S&P 500 It is the latest semiconductor company to be added to the benchmark. Flex, a contract manufacturer for electronics, will also be added to...

Warren invites Nvidia CEO Jensen Huang to Senate hearing on China AI chip sales

Sen. Elizabeth Warren, D-Mass., invited Nvidia CEO Jensen Huang to testify before the Senate Banking Committee on June 11 about the chipmaker’s China business and U.S. export controls. CNBC is first to report the invitation to Huang. Nvidia’s AI chips...

Broadcom stock plunges 12% on weak so‏ware sales, unchanged AI chip forecast for the year

Broadcom reported weakerthan-expected revenue in its fiscal second-quarter earnings report on Wednesday. Leading up to the report, revenue has surged in recent quarters, driven by demand for custom AI chips. Broadcom reported weakerthan-expected...

Trump still protected from tax enforcement, but antiweaponization fund is dead, Blanche says

The Department of Justice will not operate a planned $1.8 billion compensation fund that was created to settle a lawsuit by President Donald Trump against the Internal Revenue Service, Acting Attorney General Todd Blanche testified to a House panel on...

Microso‏ and Google are late to AI coding, but 'absolutely critical' they compete for growth

Coding tools are becoming an increasingly big target for Google and Microso‏ as they try to catch Anthropic and OpenAI in the red-hot market. Microso‏ is gearing up for codingrelated announcements at its Build conference this week, following Google's...

U.S. and Iran still without deal to end war a‏er Trump says he's not in a 'hurry'

The U.S. and Iran have yet to ink an agreement to end the war that has dragged on into its fourth month, with President Donald Trump saying Saturday that he is in "no hurry" to make a deal. U.S. and Iranian negotiators have been working to reach a...

DOJ seeks Judge Eleanor Ross recusal in Georgia election case, citing reports she was disciplined

The Department of Justice on Friday asked a Georgia federal judge, Eleanor Ross, to recuse herself from a pending case involving election records, citing media reports identifying her as the judge who was disciplined for attending a victory party for a...

Postal Service proposes requiring states to provide mail-in ballot voter lists

The U.S. Postal Service proposed new mail-in ballot rules that would require states to submit voter names, addresses and unique ballot barcodes for federal elections. The proposal would set mandatory "best practices" for federal elections including...

AI part of another tech layo‏ as Wix CEO announces 20% workforce cut

Israel-based Wix is laying o‏ roughly 20% of its workforce, CEO Avishai Abrahami announced in a post on X. Abrahami cited the evolution of AI and exchange rates as reasons for the decision. Wix joins a wave of tech companies making…

Your AI agent can now trade for you on Robinhood. And buy stu‏ with you…

Robinhood unveiled tools that let AI agents trade stocks and make purchases on users' behalf. "Our mission has always been to democratize finance for all, and now, that mission extends to AI agents," CEO Vlad Tene…

Micron hits $1 trillion market cap for the first time as stock surges 19%

Micron topped a $1 trillion market value for the first time on Tuesday. Shares popped a‏er UBS nearly tripled its price target on the stock. Micron is among a new group of chipmakers benefiting from the shi‏ to agentic AI.

Estée Lauder surges in premarket a‏er Puig merger deal talks end

Estée Lauder's shares soared a‏er a potential merger with Spanish beauty group Puig fell through. Estée said on Thursday that it had decided to terminate a potential combination of the two family-owned beauty firms. Its stock is up soared on Friday,...

Estée Lauder surges in premarket a‏er Puig merger deal talks end

Estée Lauder's shares soared a‏er a potential merger with Spanish beauty group Puig fell through. Estée said on Thursday that it had decided to terminate a potential combination of the two family-owned beauty firms. Its sto…

Trump says Iran deal reopening Strait of Hormuz 'largely negotiated,' will be announced soon

President Donald Trump said a peace deal with Iran that would reopen the Strait of Hormuz is "largely negotiated" and will be announced shortly. A deal could end a conflict that has choked global energy markets and pushed U.S....

SpaceX will retry Starship test flight a‏er scrubbing prior launch

SpaceX will try to launch its massive Starship rocket again on Friday, a day a‏er the company scrubbed plans before takeo‏ to sort out technical issues. Earlier this week, SpaceX disclosed its IPO filing, setting the stage for what likely will be a...

SpaceX readies 12th test flight of massive Starship rocket as IPO looms

SpaceX is readying the 12th test flight of its massive Starship rocket, a landmark launch ahead of the company's planned IPO in June. Assuming no disruptions, Thursday's test flight will debut a third version of SpaceX's massive rocket, and will be...

AI boom reshu‏les global stock market pecking order as South Korea and…

A global reshu‏ling in stock market hierarchy is underway, with artificial intelligence redrawing the size rankings. Taiwan and South Korea have recently surged past a couple long-established Western countries.

European markets: UK unemployment rises; Germany kicks o‏ Uniper…

LONDON — European stocks closed higher on Tuesday as investors assess the geopolitical landscape and developments in the Middle East.

Musk slams Altman trial verdict as a 'technicality,' vows to appeal

A jury in Oakland, California, ruled against Elon Musk in his dramatic court battle with Sam Altman and OpenAI. Musk said, in a post on X, the decision against him was a "calendar technicality" and he would appeal. Musk sued Altman...

Trump warns Iran to 'get moving' or 'there won’t be anything le‏'

President Donald Trump threatened Iran to "get moving" or there "won't be anything le‏ of them." The U.S. and Iran remain at loggerheads in negotiations to end the conflict that has whipsawed the global economy and spiked U.S. gas...

For better or worse, investors are living through Trump’s stock market. Here's why

Ever since President Donald Trump has reentered the White House, the market has su‏ered rapid declines of meaningful size. Yet, the market has been more successful under the second Trump term than during other presidencies in...

Berkshire Hathaway returns to airlines with $2.6 billion stake in Delta Air Lines

Berkshire Hathaway added a sizeable stake in Delta Air Lines, marking the conglomerate's return to the airline industry after exiting the sector entirely during the Covid-19 pandemic in 2020. The Omaha-based company built a position worth more than...

Supreme Court allows mail-order of abortion pill mifepristone pending appeal

The Supreme Court on Thursday said it would allow mail orders of the abortion drug mifepristone pending the outcome of an appeal challenging that method of distributing the medication. The Supreme Court on Thursday said it would...

Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami

Cerebras, a maker of artificial intelligence chips, raised at least $5.55 billion in its initial public o‏ering. Enthusiasm has been building for the company's debut, which could be followed later this year by much bigger o‏erings from SpaceX, OpenAI...

The stock market isn't ignoring Iran. It's rising for these three very real reasons

The stock market is once again at all-time highs, even with higher oil prices rippling its way through the global economy. There are fundamental reasons behind the comeback, including a resilient U.S. economy that isn't as reliant on...

Google says it likely thwarted e‏ort by hacker group to use AI for 'mass exploitation event'

Google's Threat Intelligence Group said hackers are using AI models such as OpenClaw to uncover and exploit zero-day so‏ware vulnerabilities. The group said in a report that it had uncovered and likely thwarted an AI-developed...

Netanyahu says Iran war is 'not over' as Trump rejects latest Iranian o‏er

Israeli Prime Minister Benjamin Netanyahu said the war with Iran is "not over," as the U.S. and Israel still aim to end Tehran's nuclear ambitions. Netanyahu's comments come ahead of President Donald Trump's travel to China later this week, where he's...

Nvidia embraces role of AI investor, pushing past $40 billion in equity bets this year

This week Nvidia agreed to invest up to $3.2 billion in glass maker Corning and $2.1 billion in data center operator IREN. It's part of the company's aggressive strategy to take stakes in companies up and down the AI infrastructure...

Rocket Lab surges 34% in best day ever on revenue beat, recordsetting launch deal

Rocket Lab's shares blasted to a record high a‏er the company topped first-quarter revenue estimates and announced its largest launch deal ever. Shares have quadrupled over the past year, benefiting from President Donald Trump's...

U.S. and Iran trade fire in Strait of Hormuz; each claims other shot first

The U.S. and Iran opened fire in the Strait of Hormuz, with each side claiming the other initiated the attack. U.S. Central Command in a statement said its forces "intercepted unprovoked Iranian attacks and responded with selfdefense strikes" as three...

Snap issues cautious guidance as Perplexity deal ends, Middle East 'geopolitical situation' causes uncertainty

Snap reported first-quarter earnings on Wednesday and provided cautious sales guidance while revealing it no longer has a deal with the generative AI startup Perplexity. The company said in the investor letter that its sales guidance...

AMD tops estimates for first quarter as data center revenue jumps 57%

Advanced Micro Devices reported first-quarter results that topped analysts' estimates. For the second quarter, the chipmaker said it expects about $11.2 billion in revenue, beating expectations. AMD's stock has more than…

Palantir tops estimates on 85% revenue growth, fastest expansion since market debut in 2020

Palantir's results topped Wall Street expectations, and the company also issued betterthan-expected guidance Revenue increased 85%, the company's fastest growth since its public market debut in 2020. The company reported revenue growth to U.S....

Trump says U.S. will 'free' ships trapped in Persian Gulf by Strait of Hormuz closure

President Donald Trump said the U.S. will attempt to "free" stranded cargo ships that have been trapped by the Strait of Hormuz closure since the war with Iran began. The e‏ort, which Trump dubbed "Project Freedom," is set to begin...

Musk testimony dominated first week Musk v. Altman. 'You can't just steal a charity'

The first week of the Musk v. Altman trial concluded on Thursday, with proceedings set to resume next week. Tesla and SpaceX CEO Musk testified over the course of three days, hammering home his argument that OpenAI's Sam Altman and Greg Brockman were...

Bard College President Botstein, who was linked to Je‏rey Epstein, to retire, NYT reports

Bard College President Leon Botstein said he will retire, months a‏er details about his relationship with notorious sex o‏ender Je‏rey Epstein were made public in Department of Justice documents, The New York Times reported. Botstein has served as...

Cole Allen agrees to stay in jail before Trump assassination attempt trial

Cole Tomas Allen dropped his bid to be released from jail on charges of trying to assassinate President Donald Trump pending trial. Allen, 31, of Torrance, California, is accused of trying to kill Trump at the White…

Microso‏ beats on top and bottom lines with 40% Azure growth

Microso‏ beat on the top and bottom line, and Azure growth exceeded Wall Street consensus. The company said it had over 20 million paid seats for the Microso‏ 365 Copilot artificial intelligence add-on for commercial productivity subscriptions, up from...

Micron and Sandisk continue rally as demand for memory expected to persist

Shares of Micron and Sandisk jumped a‏er Melius Research said in a report that demand for memory will remain strong through the end of the decade. Ben Reitzes, an analyst at Melius, raised his rating on Micron to buy, noting it could gain another 41%...

Trump presses his case for White House ballroom following press dinner shooting

President Donald Trump was evacuated from the White House Correspondents' Dinner a‏er a gunman was apprehended on the scene. Trump said on social media that such an incident "would never even have happened" if state events were held in the proposed...

AI talent war: So‏ware industry is a new target as top executives jump ship to OpenAI

Several top-level executives from Salesforce, Snowflake and Palantir have joined OpenAI in recent weeks, CN​BC has learned. The move underscores the challenges in the so‏ware industry as it grapples with AI disruption. The threat of AI on so‏ware's...

Intel's stock has best day since 1987, soaring 24% as chipmaker shows signs of a turnaround

Intel topped Wall Street estimates and signaled a return to growth as the AI boom leads to demand for its central processing units. The stock has more than doubled this year after jumping 84% in 2025, fueled by investments from the U.S. government and...

Trump says Israel-Lebanon ceasefire extended by three weeks

Israel and Lebanon agreed to extend their ceasefire by three weeks following a meeting in the White House with top U.S. o‏icials, President Donald Trump said. Trump said that he, Vice President JD Vance, Secretary of State Marco...

IBM shares turn lower as company beats but opts to maintain guidance

IBM surpassed consensus on the top and bottom lines, with 9% revenue growth. The company reiterated full-year guidance. The hardware, so‏ware and infrastructure provider bought data streaming so‏ware maker Confluent near the end of the quarter. IBM...

DOJ charges Southern Poverty Law Center with fraud over secret funding of extremist groups

The Department of Justice announced an indictment accusing the Southern Poverty Law Center of secretly funding right-wing extremist groups that it claimed to be battling. "The SPLC was not dismantling the groups," said Acting U.S. Attorney General Todd...

Labor Secretary Lori Chavez-DeRemer leaves Trump cabinet, Keith Sonderling takes over

Department of Labor Secretary Lori Chavez-DeRemer is resigning from the Trump administration, the White House said. Deputy Labor Secretary Keith Sonderling will take over the department in an acting capacity, White House communications director Steven...

U.S. struck, seized Iranian-flagged ship Touska in Gulf of Oman, Trump says

The U.S Navy guided missile destroyer USS Spruance fired several rounds at the engine room of the Iranian-flagged cargo ship Touska, disabling that vessel in the Gulf of Oman, President Donald Trump and U.S. Central Command said. Marines later boarded...

Three things to know about FISA Section 702: Congress passes shortterm extension of controversial surveillance program

Congress on Friday extended through the end of the month Section 702 of the Foreign Intelligence Surveillance Act, which was set to expire on Monday. President Donald Trump signed the bill on Saturday. The controversial FISA section allows the...

Trump says he had 'no idea' Anthropic's Amodei met with White House about Mythos

Anthropic CEO Dario Amodei met with White House Chief of Sta‏ Susie Wiles to discuss the company's new Mythos AI model. The White House said talks were "productive and constructive" and addressed innovation and safety. President Donald Trump told...

ICE agent charged with assault by Minnesota prosecutors, arrest warrant issued

An Immigration and Customs Enforcement agent has been charged by state prosecutors in Minnesota with two counts of assault related to a road rage incident. They have issued a nationwide warrant for his arrest. The ICE agent, Gregory Donnell Morgan Jr.,...

U.S. and Iran could meet in Pakistan for peace talks next week: MS NOW

The U.S. and Iran will likely return to Pakistan next week for a second round of peace negotiations, two senior Pakistani o‏icials told MS NOW. "Discussions are being had" and "we feel good about the prospects of a deal," White House press secretary...

Meta commits to one gigawatt of custom chips with Broadcom as Hock Tan agrees to leave board

Meta Platforms said it agreed to deploy one gigawatt of custom artificial intelligence chips using Broadcom technology as part of a multi-gigawatt deal. Meta also said Broadcom's CEO, Hock Tan, will leave the Meta board a‏er two...

Rep. Eric Swalwell resigns from U.S. House a‏er sexual misconduct allegations

Rep. Eric Swalwell, D-Calif., announced his resignation from Congress on Monday a‏er allegations of sexual misconduct were reported last week. The announcement came a day a‏er Swalwell suspended his gubernatorial campaign. Swalwell had been running for...

Trump says U.S. will blockade Strait of Hormuz a‏er Iran peace talks fail

President Donald Trump said the U.S. will blockade the Strait of Hormuz a‏er talks to end the Iran war ended without a resolution over the weekend. Trump also said the U.S. Navy will "seek and interdict every vessel in International Waters that has...

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'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...