SpaceX slides below IPO price as options traders split on sell-off
SpaceX fell 5.5% Friday to about 9% below its IPO price, while options data showed heavy put activity mixed with bullish positioni...
By Sarah Jenkins 1 month agoSection
Markets
Anthropic holds early talks to lease AI compute from Meta
CNBC reported that Anthropic is discussing a potential Meta compute lease, as AI labs compete for scarce Nvidia chip capacity.
By Sarah Jenkins 1 month ago
Intel drops over 30% in July as CNBC club keeps positive view
Chip shares weakened Friday on AI spending concerns, while CNBC’s Jim Cramer said Intel remains his preferred stock ahead of earni...
By Sarah Jenkins 1 month ago
Taco Bell-linked cyclosporiasis outbreak weighs on restaurant shares
CDC linked more than 1,600 illnesses to shredded iceberg lettuce served at Taco Bell sites in five states, prompting supplier scru...
By Sarah Jenkins 1 month ago
Tanker traffic through Hormuz drops after renewed Iranian attacks
Maritime security executives say crews are resisting Hormuz crossings after at least nine attacks on ships since July 6.
By Marcus V. Thorne 1 month ago
Meta weighs AWS veteran as AI compute race intensifies
Dave Brown, a longtime AWS executive, is reportedly in talks to join Meta as the company studies selling computing capacity to out...
By Amanda Ross 1 month ago
Zoox recalls robotaxi software after Las Vegas smoke incident
Amazon-owned Zoox recalled software in 105 robotaxis after one entered a smoky emergency fire scene in Las Vegas, according to a f...
By Marcus V. Thorne 1 month agoCalifornia voters to weigh 5% tax on billionaire wealth
A November ballot measure would levy a one-time tax on billionaire residents, setting up a fight over revenue, mobility and compet...
By Marcus V. Thorne 1 month ago
Chinese carmakers gain ground with UK buyers as imports climb
Chinese-built vehicles are rising sharply in the UK, aided by lower prices, EV demand and a tariff gap with the European Union.
By Sarah Jenkins 1 month ago
Apple retakes market value lead from Nvidia as chip shares slip
Apple’s valuation rose above Nvidia’s in Friday trading, with CNBC reporting a $4.88 trillion market value for the iPhone maker.
By Amanda Ross 1 month ago
CNBC poll finds socialist label less costly than MAGA among voters
CNBC’s latest All-America Economic Survey shows Democrats leading the generic ballot as views of socialism improve, especially amo...
By Marcus V. Thorne 1 month ago
US homebuyer affordability weakens for fifth month as rates weigh
NAR’s affordability index showed the income needed for a median single-family home loan rose to $109,152 in June, despite modest y...
By Marcus V. Thorne 1 month ago