Stocks jumped for the second straight week and reached record highs Friday as Washington trade and shutdown drama took a back seat to cooler inflation data and stronger earnings. The S & P 500 and Nasdaq rose 2% and 2.3%, respectively, for the week. In fact, the S & P 500 on Friday peaked above […]
Cameron Pappas, owner of Norton’s Florist Norton’s For Cameron Pappas, owner of Norton’s Florist in Birmingham, Alabama, the artificial intelligence boom is a world away. While companies like Nvidia, Alphabet and Broadcom are lifting the stock market to fresh highs and bolstering GDP, Pappas is experiencing what’s happening in the real economy, one that’s far removed
AI spending is boosting the economy, but many businesses are in survival mode Read More »
Intel snapped a losing streak of six straight quarterly losses and returned to profitability in the third quarter. In its first earnings report since the Trump administration acquired a 10% stake in the company, the U.S. chipmaker posted strong revenue, noting robust demand for chips that it expects to continue into 2026. Client computing revenue,
3 takeaways from Intel earnings: Cash flow, foundry progress and hardware surprise Read More »
Canada’s Prime Minister Mark Carney waves next to U.S. President Donald Trump at the White House in Washington, D.C., U.S., Oct. 7, 2025. Evelyn Hockstein | Reuters 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.
Signage outside Applied Materials headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Chip equipment manufacturer Applied Materials is laying off 4% of its workforce. The company on Thursday began notifying impacted employees around the world “across all levels and groups,” it said in a
Applied Materials lays off 4% of workforce Read More »
Workers at a factory in Houston, Texas build servers for Apple. Apple Apple has started shipping advanced servers for artificial intelligence applications out of a factory in Houston, Texas, the company announced on Thursday. These servers are a core part of Apple’s commitment to spend $600 billion in the U.S. on advanced manufacturing, suppliers, and
Apple begins shipping American-made AI servers from Texas Read More »
Priscilla Chan, left, Meta CEO Mark Zuckerberg, and Lauren Sanchez are among guests attending Donald Trump’s inauguration as the 47th U.S. president in the Capitol Rotunda in Washington, D.C., Jan. 20, 2025. Saul Loeb | Afp | Getty Images Meta said Thursday that it’s laying off an undisclosed number of employees in its risk organization
Meta replacing humans with AI for FTC-mandated privacy reviews Read More »
Intel CEO Lip-Bu Tan holds a wafer of CPU tiles for the Intel Core Ultra series 3, code-named Panther Lake, outside the Intel Ocotillo campus in Chandler, Arizona. Panther Lake is the first client system-on-chips (SoCs) built on the Intel 18A process node. Courtesy: Intel Intel reported third-quarter results on Thursday in which sales beat
Intel sales beat in first earnings with U.S. government as top shareholder Read More »
US Secretary of Commerce Howard Lutnick speaks at a business reception at Lancaster House in central London, with attendees including government ministers from both the UK and US and representatives from major UK companies, as part of the second state visit to the UK by US President Donald Trump. Picture date: Thursday Sept. 18, 2025.
Trump admin not negotiating with quantum firms with equity stakes: Commerce official Read More »
CrowdStrike CEO George Kurtz pushed back on the narrative that artificial intelligence makes cloud-based software obsolete. “I don’t really buy that,” Kurtz told CNBC’s Jim Cramer on ” Squawk on the Street ” on Thursday morning. “I think you need software in order to be able to protect AI. They’re interrelated. It’s not like you
