IBM’s Krishna argues that AI won’t disrupt software unit
CEO of IBM Arvind Krishna looks on during a roundtable discussion hosted by U.S. President Donald Trump in the Roosevelt Room at the White House on Dec. 10, 2025 in Washington, DC. Alex Wong | Getty Images IBM CEO Arvind Krishna said that only 2% of his…
Lawmakers grill former JPMorgan executive Jes Staley over Epstein ties
House Oversight Committee Chair James Comer said Thursday that former JPMorgan Chase investment banking chief Jes Staley encouraged the bank to retain Jeffrey Epstein as a client despite internal red flags about the convicted sex offender. «It appears…
Google Cloud’s Kurian: Customers are spending 50% more
Google‘s cloud chief Thomas Kurian said the company’s existing customers are shelling out «roughly 50% more» than they’ve already committed to spend on its products, which helped drive its red-hot cloud growth during the second…
Eli Lilly will file for approval of retatrutide obesity drug in 2027
The Eli Lilly logo appears on the company’s office in San Diego, California, Nov. 21, 2025. Mike Blake | Reuters Eli Lilly on Thursday said it will file for approval of its next-generation obesity drug in the first quarter of 2027, as the treatment…
Google slapped with $1 billion fine under landmark EU digital law
A Google logo displays on a smartphone screen and the European flag on a computer screen. Nikolas Kokovlis | Nurphoto | Getty Images European regulators have fined Google 890 million euros ($1 billion), alleging the company gives preferential treatment…
Tesla, Alphabet stock falls as AI spending concerns spook investors
SpaceX, Tesla and X CEO Elon Musk (R) and Google CEO Sundar Pichai attend the presidential inauguration of Donald Trump at the Rotunda of the US Capitol in Washington, on January 20, 2025. Trump takes office for his second non-consecutive term as the…
UniCredit says full Commerzbank acquisition could happen in fourth quarter
UniCredit is aiming to acquire Commerzbank in the fourth quarter, the CEO of the Italian bank told CNBC in an exclusive interview. Speaking with CNBC’s «Europe Early Edition,» UniCredit CEO Andrea Orcel said the bank is happy with its position in…
Why the silver and gold price rally could prove short-lived
Precious metals have rallied in recent days after a sustained period of selling pressure, but analysts say gold and silver prices could face a difficult path back to all-time highs achieved earlier this year. Spot silver traded at $59.47 an ounce in…
Hedge funds target Andy Burnham’s UK policy agenda
Hedge fund short-sellers have ramped up bets against U.K.-listed stocks this year, with disclosed positions surging fivefold in the first half of 2026. Now, investors believe a policy blitz under new Prime Minister Andy Burnham could widen the…
Gen Z protests led by India’s ‘Cockroach party’ are testing Modi’s leadership
Rapid Action Force (RAF) personnel fire tear gas shells to disperse supporters of the Cockroach Janta Party (CJP) during a protest demanding the resignation of India’s Education Minister Dharmendra Pradhan over alleged NEET exam irregularities in…