Here’s how we played the massive rebound in AI stocks this week
AI stocks came roaring back this week as investors worked through another wave of corporate earnings and a surprisingly weak July jobs report . The major averages notched a second straight week of gains, with the Dow Jones Industrial Average and S &…
UAE says ship targeted by missile amid heightened U.S.-Iran tensions
This picture shows ships sailing near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan on July 13, 2026. AFP | Getty Images Abu Dhabi’s National Oil Company (ADNOC) said one of its vessels was targeted by a…
Record-breaking week for options powers S&P 500 surge
Stock market bulls got some huge affirmation this week as the S&P 500 made all-time highs, options volumes set records, and shares of this year’s star IPO – SpaceX – stabilized and rallied despite its earnings report and the end of its first…
Top Democrat proposes killing tax breaks for overseas oil production
U.S. Sen. Martin Heinrich (D-NM) speaks to reporters after a roundtable on rising energy costs on Capitol Hill on March 17, 2026 in Washington, DC. Anna Moneymaker | Getty Images Sen. Martin Heinrich will introduce a bill, shared exclusively with CNBC,…
Chesky: Airbnb will spend ‘a lot more’ on AI as stock surges 15%
Airbnb shares surged 15% Friday after the company delivered one of its strongest growth quarters in years and raised its full-year outlook — a turnaround CEO Brian Chesky is directly crediting to artificial intelligence. In an exclusive interview with…
Crypto’s infrastructure era arrives, with AI agents poised to reshape demand
For years, the crypto industry’s biggest challenge has been finding users beyond traders. Now, some of its largest companies think they’ve found them in AI agents. Although speculation still underpins much of crypto’s business,…
Fire Point: The drone maker powering Ukraine’s deep-strike campaign
The chief executive of Ukraine’s leading arms company says Kyiv has «learned the hard way» that military strength is an essential precursor to diplomacy, describing deep strikes into Russian territory as a core tenet of the country’s pressure…
Cassidy supports Todd Blanche, Trump’s embattled attorney general pick
Acting Attorney General Todd Blanche appears at his confirmation hearing in front of the Senate Judiciary Committee on Capitol Hill July 15, 2026 in Washington, DC. Eric Lee | Getty Images Sen. Bill Cassidy, R-La., said Friday he will vote to confirm…
Why falling long-term unemployment is a bad sign for the job market
Job seekers wait in line to enter a job fair on June 30, 2026, in Carson, California. Justin Sullivan | Getty Images News | Getty Images Long-term unemployment fell in July — which, on its face, sounds like a good thing. But labor market data suggests…
Trump teased Iran deal, markets soared. Why it keeps happening
U.S. President Donald Trump speaks during an event in the Oval Office of the White House on Aug. 6, 2026 in Washington, DC. Alex Wong | Getty Images The Trump administration this week sparked enthusiasm that the U.S. and Iran could soon strike a deal on…