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November trading, Berkshire’s cash hoard, Big Tech’s ad revenue and more in Morning Squawk

November trading, Berkshire’s cash hoard, Big Tech’s ad revenue and more in Morning Squawk

A trader works on the floor of the New York Stock Exchange on Oct. 30, 2025 in New York. Angela Weiss | AFP | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. November […]

November trading, Berkshire’s cash hoard, Big Tech’s ad revenue and more in Morning Squawk Read More »

Standard Chartered CEO believes nearly all global transactions will move to the blockchain ‘eventually’

Standard Chartered CEO believes nearly all global transactions will move to the blockchain ‘eventually’

Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Bill Winters, CEO of Standard Chartered, foresees a future in which nearly all global transactions are conducted on a digital blockchain ledger, he told a crowd in Hong Kong on Monday, as crypto adoption amongst mainstream banking and finance institutions grows. 

Standard Chartered CEO believes nearly all global transactions will move to the blockchain ‘eventually’ Read More »

China’s Baidu says weekly robotaxi rides hit 250,000 — same as Alphabet’s Waymo this spring

China’s Baidu says weekly robotaxi rides hit 250,000 — same as Alphabet’s Waymo this spring

Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — As Baidu ramps up its robotaxi operations worldwide, fully driverless weekly rides as of Oct. 31 have now surpassed 250,000 orders, according to a spokesperson for the company’s driverless car unit Apollo Go.

China’s Baidu says weekly robotaxi rides hit 250,000 — same as Alphabet’s Waymo this spring Read More »

CNBC Daily Open: AI trade frenzy seems driven by a ‘virtuous’ cycle

CNBC Daily Open: AI trade frenzy seems driven by a ‘virtuous’ cycle

Jensen Huang, CEO of Nvidia, attends a press conference after the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 31, 2025. Kim Soo-hyeon | Reuters Traders who shorted the S&P 500 — essentially, betting that it would go down — last month were in for a rude surprise. The broad-based index

CNBC Daily Open: AI trade frenzy seems driven by a ‘virtuous’ cycle Read More »

Microsoft AI chief says only biological beings can be conscious

Microsoft AI chief says only biological beings can be conscious

Mustafa Suleyman, CEO of Microsoft AI, speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. David Ryder | Bloomberg | Getty Images Microsoft AI chief Mustafa Suleyman says only biological beings are capable of consciousness, and that developers and researchers should stop pursuing

Microsoft AI chief says only biological beings can be conscious Read More »

Microsoft plans to hire more but with ‘a lot more leverage’ thanks to AI, CEO Satya Nadella says

Microsoft plans to hire more but with ‘a lot more leverage’ thanks to AI, CEO Satya Nadella says

Microsoft CEO Satya Nadella speaks during an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft Corp., determined to hold its ground in artificial intelligence, will soon let consumers tailor the Copilot digital assistant to their own needs. David Ryder | Bloomberg | Getty Images

Microsoft plans to hire more but with ‘a lot more leverage’ thanks to AI, CEO Satya Nadella says Read More »

Evolve Bank CEO fired after propositioning FBI agent who pretended to be a teen boy

Evolve Bank CEO fired after propositioning FBI agent who pretended to be a teen boy

Evolve Bank CEO Bob Hartheimer booking photo. Source: Shelby County Jail Bob Hartheimer, CEO of Tennessee’s Evolve Bank & Trust, was fired after U.S. law enforcement officials caught him propositioning a law enforcement officer posing as a 15-year-old boy on gay dating app Grindr. On Oct. 19, an employee of the Federal Bureau of Investigation

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While AI spending is top of mind, online ads are driving a lot of Big Tech’s growth

While AI spending is top of mind, online ads are driving a lot of Big Tech’s growth

META CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella. Getty Images As tech giants increase their already breathtaking spending on artificial intelligence, their respective digital advertising businesses have also gained momentum. Quarterly earnings reports this week from Meta, Amazon, Alphabet and Microsoft all showed healthy revenue on the ads front. The rising online advertising

While AI spending is top of mind, online ads are driving a lot of Big Tech’s growth Read More »

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