US inflation eased to 3.5% in June as energy prices fell
The June CPI report gave the Fed some relief, though economists warned renewed U.S.-Iran hostilities could put upward pressure on...
By Amanda Ross 1 month agoSection
Markets
SK Hynix options debut trails memory ETF and Micron activity
Options on SK Hynix’s U.S. shares began trading as the stock jumped, but related ETFs and rival chip names drew heavier derivative...
By Amanda Ross 1 month ago
New York pauses large AI data center construction for up to one year
Gov. Kathy Hochul's order covers new hyperscale facilities drawing at least 50 megawatts, citing grid strain, utility bills and wa...
By Sarah Jenkins 1 month ago
Senators propose pathway for Social Security overhaul as fund deadline nears
The PROMISE Act would create a structured process for Congress to consider Social Security changes before projected trust fund dep...
By Sarah Jenkins 1 month ago
Cybersecurity shares climb after IBM cites AI-related security spending review
IBM CEO Arvind Krishna said clients paused some deals while reassessing cyber budgets, sending several cybersecurity stocks higher...
By Marcus V. Thorne 1 month ago
Zipline adds Tesla, Waymo and Uber veterans as drone deliveries scale
The drone delivery company says it has topped 2.5 million commercial trips and expects its U.S. business to expand 15-fold this ye...
By Sarah Jenkins 1 month ago
Goldman Sachs shares hit record as earnings beat estimates
Goldman reported second-quarter revenue of $20.34 billion and EPS of $20.98, while CNBC’s Investing Club lifted its price target t...
By Marcus V. Thorne 1 month ago
Lucid denies bankruptcy speculation after shares slide more than 40%
The EV maker said rumors were false after EV reported it had weighed going private or seeking Chapter 11 protection.
By Amanda Ross 1 month ago
Apple evaluates PrismML technology to run larger AI models on iPhones
PrismML says its compression can cut memory use up to 15 times, a potential aid to Apple’s push for faster, more private on-device...
By Amanda Ross 1 month ago
US official says Nvidia H200 shipments to China remain limited
Commerce official Jeffery Kessler told Congress that only a small number of licensed H200 AI chips have reached China and Hong Kon...
By Amanda Ross 1 month ago
Social Security 2027 COLA estimates ease as June inflation cools
Analysts now put the 2027 Social Security benefit increase near 3.7% to 3.8%, after June CPI data showed slower inflation.
By Sarah Jenkins 1 month ago
Paramount targets September close for Warner deal despite state lawsuit
Paramount’s counsel said the Warner Bros. Discovery deal remains on track, while state attorneys general seek to halt it on antitr...
By Amanda Ross 1 month ago