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Apple isn’t playing the same AI capex game as the rest of the megacaps

Apple isn’t playing the same AI capex game as the rest of the megacaps

Finance News

While many of the largest tech companies race to build massive data centers for their artificial intelligence ambitions, Apple is taking a more modest approach. Instead of simply buying as many AI chips as possible, Apple buys computing capacity from outside partners, finance chief Kevan Parekh explained Thursday on the company’s fourth quarter earnings call. […]

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A ‘war room’ mentality: How auto giants are battling the Nexperia chip crunch

A ‘war room’ mentality: How auto giants are battling the Nexperia chip crunch

Business News

A Honda sedan moves down the assembly line on Jan. 28, 2025 at the automaker’s assembly plant in Marysville, Ohio.  Michael Wayland / CNBC Global automakers are once again bracing for production disruptions due to a potential shortage of automotive semiconductor chips, this time sparked by the Dutch government amid geopolitical tensions between the U.S.

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Billionaires are spending big to stop Zohran Mamdani’s NYC mayoral bid

Billionaires are spending big to stop Zohran Mamdani’s NYC mayoral bid

Business News

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Super PACs supporting Andrew Cuomo and opposing Zohran Mamdani in the New York City mayoral race have raised over $40 million, with millions

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Chipotle stock craters as Wall Street grows ‘concerned’ after company cuts forecast

Chipotle stock craters as Wall Street grows ‘concerned’ after company cuts forecast

Business News

A Chipotle logo is displayed on a sign at a shop on June 1, 2025 in Washington, DC. Kevin Carter | Getty Images Shares of Chipotle Mexican Grill tumbled as much as 19% in morning trading on Thursday after the company cut its full-year same-store sales forecast for the third straight quarter. Including Thursday’s move,

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Restaurant Brands earnings top estimates, fueled by Tim Hortons and international growth

Restaurant Brands earnings top estimates, fueled by Tim Hortons and international growth

Business News

A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom. John Keeble | Getty Images Restaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by growth of its international restaurants and Tim Hortons. Combined, the two divisions account

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Eli Lilly blows past estimates, hikes guidance as Zepbound and Mounjaro sales soar

Eli Lilly blows past estimates, hikes guidance as Zepbound and Mounjaro sales soar

Business News

David Ricks, chief executive officer of Eli Lilly & Co., during a news conference at Generation Park in Houston, Texas, US, on Tuesday, Sept. 23, 2025. Mark Felix | Bloomberg | Getty Images Eli Lilly on Thursday reported third-quarter earnings and revenue that topped estimates and hiked its full-year outlook, as the company continued to

Eli Lilly blows past estimates, hikes guidance as Zepbound and Mounjaro sales soar Read More »

Big Tech earnings, Fed cuts rates, Trump-Xi meeting and more in Morning Squawk

Big Tech earnings, Fed cuts rates, Trump-Xi meeting and more in Morning Squawk

Technology News

Stocks on display at the Nasdaq on Sept. 10, 2025. Danielle DeVries | CNBC 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. Magnificent or not? Magnificent Seven members Alphabet, Microsoft and Meta Platforms all beat

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Comcast beats earnings estimates despite more broadband subscriber losses

Comcast beats earnings estimates despite more broadband subscriber losses

Business News

Comcast topped Wall Street earnings and revenue estimates for the third quarter on Thursday, despite once again reporting a loss in broadband customers.  The company said it lost 104,000 domestic broadband customers during the period, bringing its total subscriber base to roughly 31.4 million. This marked the fourth quarter in a row that Comcast failed

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This doctor raised 0 million from Michael Dell, Jim Breyer and others to try to fix health care

This doctor raised $130 million from Michael Dell, Jim Breyer and others to try to fix health care

Business News

Dr. Clay Johnston, co-founder and chief medical officer of Harbor Health. Courtesy of Harbor Health A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. When tech founder Michael Dell and his wife

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