Next AI boom bet in market after memory chip trade may be photonics
Jensen Huang, chief executive officer of Nvidia Corp., speaks next to a BlueField-4 STX Storage tray, from left, Vera CPU compute tray, and Spectrum-X Ethernet Photonics Switch System while holding a Spectrum-X Ethernet Photonics chip during a keynote…
AMD’s Lisa Su brushes off Musk’s Nvidia AI chip commitment
Advanced Micro Devices CEO Lisa Su on Wednesday brushed off comments from Elon Musk that SpaceX was committing to exclusively use Nvidia artificial intelligence chips. «I have tremendous respect for Elon and everything that he has done, and so we look…
Eli Lilly (LLY) earnings Q2 2026
Eli Lilly on Wednesday reported second-quarter earnings and revenue that blew past estimates and hiked its full-year sales outlook, as demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro surged again. The pharmaceutical…
BofA CEO Brian Moynihan: Situational Awareness meltdown was warning shot
Leopold Aschenbrenner (L) and Bank of America CEO Brian Moynihan. Photo: Josh Edelson (L) | Oscar Molina (R) Bank of America CEO Brian Moynihan on Wednesday called the recent near-collapse of high-flying AI hedge fund Situational Awareness a warning shot…
Private companies added just 44,000 workers in July, below expectations, ADP reports
Hiring at private companies slowed considerably in July, with most of the job growth coming health care, payrolls processing firm ADP reported Wednesday. Nonfarm job growth excluding government totaled a seasonally adjusted 44,000 for the month, below…
Uber (UBER) Q2 2026 earnings
Dara Khosrowshahi, CEO of UBER, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2026. Oscar Molina | CNBC Uber issued a forecast for bookings and earnings that trailed analysts’ estimates, while…
Oil prices move higher after Yemen’s Iran-backed Houthis claim Saudi tanker strike
Crude prices rebounded on Wednesday after Yemen’s Iran-backed Houthi miitants claimed they had struck a Saudi Arabian tanker in the Red Sea. Brent crude, the international price benchmark, was last seen trading at $80.32 a barrel, an increase of…
SpaceX dives 10% after AI spending surge rattles investors
A live feed shows SpaceX CEO Elon Musk on the day of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. Jeenah Moon | Reuters SpaceX shares plunged on Wednesday after a surge in AI spending…
Novo Nordisk stock falls as raised outlook fails to change the debate over obesity business
Novo Nordisk’s quarterly beat and guidance increase did little to resolve Wall Street’s biggest concern: whether the Ozempic maker has a convincing path back to sustainable growth as competition from Eli Lilly intensifies. Analysts said the…
Wealthy Chinese race for tax advice as Beijing targets offshore trusts
CHINA – 2025/09/05: In this photo illustration, the 100-yuan RMB banknotes, a calculator and a Chinese national flag are placed on the table. Sopa Images | Lightrocket | Getty Images Offshore trusts have long been used by China’s ultra-rich…