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0 purple cables put this little-known company in the middle of the AI boom

$500 purple cables put this little-known company in the middle of the AI boom

Finance News

A demo setup of racks of AI servers connected with Credo cables, displayed at the Open Compute Summit in San Jose, California. Credo In July, Elon Musk posted photos from inside an xAI data center called Colossus 2, which the artificial intelligence startup aims to turn into a massive supercomputing facility in Memphis, Tennessee. Musk’s […]

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FAA lets Boeing increase 737 Max production almost two years after near-catastrophic accident

FAA lets Boeing increase 737 Max production almost two years after near-catastrophic accident

Business News

Boeing 737 Max aircraft are assembled at the company’s plant in Renton, Washington, U.S. June 25, 2024. Jennifer Buchanan | Via Reuters Boeing has won regulator approval to ramp up production of its best-selling 737 Max jetliners to 42 a month, a milestone for the manufacturer nearly two years after the Federal Aviation Administration capped

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Oracle stock drops 7% as some skeptics question lofty AI targets

Oracle stock drops 7% as some skeptics question lofty AI targets

Technology News

Oracle’s extended rally, which has been driven by the company’s increasingly central position in the artificial intelligence boom, hit pause on Friday, with the stock tumbling 7%, its worst day since January. The slide came a day after the software company revealed a long-term outlook, boosted by AI, at an analysts’ meeting that was part

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Small businesses are being crushed by Trump’s tariffs and economists say it’s a warning for the economy

Small businesses are being crushed by Trump’s tariffs and economists say it’s a warning for the economy

Business News

President Donald Trump listens during a Cabinet meeting at the White House on April 30, 2025 in Washington, DC. Andrew Harnik | Getty Images Viresh Varma can’t sleep.  The CEO of AV Universal Corp., a small footwear company that sells through retailers like Macy’s, Nordstrom and DSW, said he needed to take out a $250,000

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‘Cockroach’ hunting, Bolton indicted, Apple eyes F1 and more in Morning Squawk

‘Cockroach’ hunting, Bolton indicted, Apple eyes F1 and more in Morning Squawk

Finance News

An automatic teller machine at the Zions Bank headquarters in Salt Lake City, Utah, on July 10, 2023. Kim Raff | Bloomberg | 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. Calling the

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United Airlines CEO warns an extended shutdown will hurt bookings

United Airlines CEO warns an extended shutdown will hurt bookings

Business News

CEO of United Airline Scott Kirby speaks during the Semafor 2025 World Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC. Alex Wong | Getty Images United Airlines CEO Scott Kirby said the federal government shutdown could hurt bookings if it continues. Despite the funding impasse, essential federal employees including Transportation Security

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Apple’s Eddy Cue says sports streaming needs fixing as company nears F1 rights deal

Apple’s Eddy Cue says sports streaming needs fixing as company nears F1 rights deal

Finance News

Key Points Apple is about to announce a $140 million per year media rights deal with F1 for its U.S. rights, according to people familiar with the matter. Apple’s Eddy Cue said his company would like to buy more sports rights and would seek to change how broadcasts are done. “We’re not going to compromise,” said Cue. “We don’t

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Apple wants more sports rights, change how broadcasts are done, Eddy Cue says

Apple wants more sports rights, change how broadcasts are done, Eddy Cue says

Technology News

Eddy Cue, senior vice president of internet software and services at Apple Inc., arrives for a morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 11, 2018. Bloomberg | Bloomberg | Getty Images Apple services chief Eddy Cue said the iPhone maker would like to

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Microsoft will test a Copilot AI feature that performs work on local files in Windows 11

Microsoft will test a Copilot AI feature that performs work on local files in Windows 11

Finance News

Microsoft Executive Vice President and Consumer Chief Marketing Officer Yusuf Mehdi speaks at company headquarters in Redmond, Wash., on May 20, 2024. Microsoft unveiled a new category of PC that features generative artificial intelligence tools built into the Windows operating system. Microsoft estimates that over 50 million AI PCs will be sold over the next

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