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AMD briefly joined the $1 trillion club. Cramer says its monster run isn’t over
CNBC’s Jim Cramer said AMD’s run isn’t over, arguing the rise of agentic AI will drive significant demand for the company’s high-end CPUs.
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Dow posts back-to-back losses as Treasury yields continue their ascent
Higher Treasury yields dragged stocks lower to start the week.
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Khanna to introduce AI safety bill with ban on 'recursive' technology until safeguards exist
The proposal joins a chorus of other measures being put forward in Congress as the body mulls how to regulate AI.
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Michael Burry believes the AI bubble 'may burst' sooner than he first believed
The famed short seller is switching to puts with expiries in June for his major tech short bets.
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The warning signs your debt may be a problem, according to a credit counselor — and what to do first
There's no dollar amount that makes debt "a problem." Here's what actually signals trouble.
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AMD acquiring Fei-Fei Li's World Labs AI firm in deal worth $8.2 billion
The chipmaker had previously invested in World Labs.
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Boeing 737 Max 10 certification delayed by software issue, FAA says
The FAA administrator said the Max 10 will be delayed until the agency can assess a software issue on the aircraft.
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LeBron James is already boosting ticket and merchandise demand for Philadelphia 76ers
NBA star LeBron James is having a major financial impact on the Philadelphia 76ers and Philadelphia, boosting sponsorships, ticket sales, and economic activity
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Elon Musk, SpaceXAI subpoenaed by NYC in AI safety investigation
The New York City Council issued a subpoena to Musk, requiring that he or another representative of SpaceXAI testify in an investigation concerning AI safety.
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Supreme Court Justice Alito will not participate in big climate change case next week
Environmental groups had called for Supreme Court Justice Samuel Alito to recuse himself from the case involving ExxonMobil and Suncor Energy.
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OpenAI sparked Hugging Face bids with early investment offer ahead of Nvidia's $13 billion deal
Hugging Face saw a flurry of deal interest before Nvidia agreed to buy the open-source platform for roughly $13 billion, CNBC has learned.
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Feds can't withhold counterterrorism funds from states to force election admin changes, judge rules
The judge said FEMA never explained how the election changes it wanted were "tied to the goal of shoring up vulnerabilities to terrorist attacks."
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Anthropic launches cheaper AI model, its second release since CEO's call for a slowdown
The company said Sonnet 5.5 doesn't advance the frontier, but that it is better at coding and knowledge work tasks than its predecessor.
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A key test looms for the AI trade this week. Here's how Mike Khouw is trading it
Micron reports after the bell Wednesday.
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Nearly half the stocks in the S&P 500 are at cross purposes with the rest of the market
Almost half of the stocks in the S&P 500 have a negative beta, evidence of a chasm between the entire index and its individual components.
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IRS hires Joseph Velli to help administer Trump accounts
Velli previously served on the boards of Paychex, Cognizant and Computershare.
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Senate advances college sports bill aimed at regulating NIL deals
The Senate is due to vote Monday on the bill, which would create a national framework for name, image and likeness deals in college athletics.
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Trump announces plan for $15 billion steel plant, would be largest in U.S. history
Trump's announcement with Mesabi Metallics comes as Americans' souring views of the economy are poised to shape the upcoming midterm election.
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Ex-Disney CEO Bob Chapek says he raised concerns with the board 'weekly' during Iger power battle
Former Disney CEO Bob Chapek was ousted from his role as CEO in late 2022, less than three years after taking the post, and replaced by Iger.
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U.S. finalizes new lower fuel economy standards in boost for gas-powered vehicles
The Trump administration's new fuel economy standards are expected to cut the cost of new vehicles but increase fuel consumption and carbon dioxide emissions.
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New grads say employers set the bar too high for entry-level roles: 'No job is willing to give you that first experience'
77% of new grads believe businesses call for too much experience when hiring for entry-level jobs, shutting them out of an increasingly competitive market.
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Meta hires MongoDB CEO CJ Desai to lead enterprise unit. MongoDB shares crater
Desai will lead the new Meta Enterprise Platform unit and report to CEO Mark Zuckerberg.
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Meta, Google, Amazon, Microsoft draw Sen. Warren questions about AI tax subsidies
Sen. Elizabeth Warren is asking the leaders of Meta, Google, Amazon and Microsoft about AI and data center subsidies authorized by GOP legislation.
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Treasury Secretary Scott Bessent hires Wall Street economist David Zervos
Zervos is joining the Treasury Department as counselor to Bessent, adding a prominent markets voice to the administration's economic policy team.
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