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Trump admin to hire 1,000 specialists for ‘Tech Force’ to build AI, finance projects

Trump admin to hire 1,000 specialists for ‘Tech Force’ to build AI, finance projects

The Trump administration on Monday unveiled a new initiative dubbed the “U.S. Tech Force,” comprising about 1,000 engineers and other specialists who will work on artificial intelligence infrastructure and other technology projects throughout the federal government. Participants will commit to a two-year employment program working with teams that report directly to agency leaders in “collaboration

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Market rotation, the Fed’s Kevins, Netflix’s ‘Star Wars’ moment and more in Morning Squawk

Market rotation, the Fed’s Kevins, Netflix’s ‘Star Wars’ moment and more in Morning Squawk

Traders work on the floor of the New York Stock Exchange on Dec. 11, 2025, in New York City. Spencer Platt | 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. Cold front Rotation

Market rotation, the Fed’s Kevins, Netflix’s ‘Star Wars’ moment and more in Morning Squawk Read More »

CNBC Daily Open: U.S. stocks retreat from highs as Broadcom leads tech sell-off

CNBC Daily Open: U.S. stocks retreat from highs as Broadcom leads tech sell-off

Signage at the Broadcom Inc. headquarters in San Jose, California, U.S., on Monday, June 2, 2025. David Paul Morris | Bloomberg | Getty Images The sell-off in artificial intelligence stocks continued unabated Friday stateside. Broadcom shares tumbled more than 11% as investors grew concerned over lower margins and uncertain deals. Names such as Nvidia, Advanced

CNBC Daily Open: U.S. stocks retreat from highs as Broadcom leads tech sell-off Read More »

CNBC Daily Open: Investors sell off tech despite steady Broadcom numbers

CNBC Daily Open: Investors sell off tech despite steady Broadcom numbers

Signage at the Broadcom Inc. headquarters in San Jose, California, U.S., on Monday, June 2, 2025. David Paul Morris | Bloomberg | Getty Images The sell-off in artificial intelligence stocks continued unabated Friday stateside. Broadcom shares tumbled more than 11% as investors grew concerned over lower margins and uncertain deals. Names such as Nvidia, Advanced

CNBC Daily Open: Investors sell off tech despite steady Broadcom numbers Read More »

Dan Ives loves these 4 European tech companies. Analysts expect those stocks to rise

Dan Ives loves these 4 European tech companies. Analysts expect those stocks to rise

Key Points Dan Ives shared four European tech companies he’s bullish on, despite investors’ “frustration” at the region’s tech sector. He picks German software giant SAP, chip equipment supplier ASML, music streaming platform Spotify, and buy now pay later company Klarna. “It’s a gut check moment for European tech,” Ives said. Dan Ives said that,

Dan Ives loves these 4 European tech companies. Analysts expect those stocks to rise Read More »

Oracle says there have been ‘no delays’ in OpenAI arrangement after stock slide

Oracle says there have been ‘no delays’ in OpenAI arrangement after stock slide

Oracle CEO Clay Magouyrk appears on a media tour of the Stargate AI data center in Abilene, Texas, on Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images Oracle on Friday pushed back against a report that said the company will complete data centers for OpenAI, one of its major customers, in 2028, rather

Oracle says there have been ‘no delays’ in OpenAI arrangement after stock slide Read More »

Coinbase to soon unveil prediction markets powered by Kalshi, source says

Coinbase to soon unveil prediction markets powered by Kalshi, source says

Feature China | Future Publishing | Getty Images Coinbase is gearing up to launch an in-house prediction market, powered by Kalshi, a source close to the matter told CNBC — a strategic play to expand the number of asset classes available on the cryptocurrency exchange at a time some investors are shying away from digital

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Rivian’s AI, autonomy impress Wall Street, but EV and capital concerns remain

Rivian’s AI, autonomy impress Wall Street, but EV and capital concerns remain

Rivian CEO RJ Scaringe at the company’s first “Autonomy and AI Day” on Dec. 11, 2025, in Palo Alto, California. Lora Kolodny | CNBC Rivian Automotive impressed Wall Street on Thursday with its plans for artificial intelligence, automation and an internally developed silicon chip, but significant challenges involving demand and capital remain for the electric

Rivian’s AI, autonomy impress Wall Street, but EV and capital concerns remain Read More »

AI-led tech slide extends into third day as Oracle, Nvidia, fall in premarket trading

AI-led tech slide extends into third day as Oracle, Nvidia, fall in premarket trading

U.S. artificial intelligence names were in negative territory in premarket trading on Friday, extending losses into their third day. Oracle was 1.3% lower in premarket trading, Nvidia and Micron fell 0.9%, and CoreWeave was down 1.4% at 4:30 a.m. ET. The share price of cloud computing and database software maker Oracle plummeted on Thursday, ending the

AI-led tech slide extends into third day as Oracle, Nvidia, fall in premarket trading Read More »

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