The Latest Breaking News from CNBC

Amazon Wants To Launch Over 5,000 More Satellites In Orbit. It's Already Seeking Approval

Amazon has asked U.S. regulators for permission to deploy more than 5,000 additional satellites as it expands its space-based communications ambitions.

International Business Times · Jul 28

Crypto Stocks Are Rallying as Investors Rotate Out of AI Infrastructure. But Bitcoin Miners Are Being Left Behind

Crypto-related stocks outperformed the broader market on Monday as investors shifted money away from artificial intelligence infrastructure companies and into digital asset firms.

International Business Times · Jul 28

The Federal Reserve Is Expected To Keep Rates On Hold. Here's Why Borrowing Costs May Stay High

The Federal Reserve is widely expected to leave interest rates unchanged at its July policy meeting, a move that would keep borrowing costs elevated for millions of Americans even as inflation has shown signs of easing.

International Business Times · Jul 28

Apple Is Making an Existential AI Bet—One Analyst Thinks It's Wrong

Apple Inc. (NASDAQ:AAPL) stock rose in Monday’s premarket trading as investor sentiment improved ahead of the opening bell. Nasdaq futures climbed 1.6%, while S&P 500 futures gained 0.97%.

Benzinga · Jul 27

Washington Wants To Limit Chinese AI Models. One Of Them Helped Contain OpenAI's Cyber Incident.

The debate in Washington over Chinese artificial intelligence models has largely centered on national security, intellectual property, and technological competition. This week, it gained an unexpected new data point.

International Business Times · Jul 25

Paramount Delays Warner Bros. Deal to June 2027 Amid Legal Fight — But Calls It 'Significant Win'

Paramount Skydance (NASDAQ:PSKY) said Friday it has agreed to push back the outside date for its planned purchase of Warner Bros. Discovery (NASDAQ:WBD) to as late as June 2027, as a multistate antitrust fight slows the timetable and increases what it may owe WBD shareholders.

Benzinga · Jul 24

Warren Buffett Says Alphabet Is More Likely to Win Than 95% of Wall Street — But Adds ‘I Don’t Like It as Well as’ Coca-Cola And 4 Others

Berkshire Hathaway (NYSE:BRK, BRK.B)) Chair Warren Buffett believes Alphabet (NASDAQ:GOOG, GOOGL)) has a better chance of long-term success than nearly everything marketed on Wall Street. Yet despite Berkshire’s massive investment in the Google parent, Buffett still wouldn’t rank it among the conglomerate’s very favorite businesses.

Benzinga · Jul 24

Intel Posts Fastest Revenue Growth in Nearly 15 Years on AI Boom. But The Stock Still Fell

Intel just delivered its strongest quarterly revenue growth in nearly 15 years, but the stock still fell on Friday.

International Business Times · Jul 24

Volkswagen Missed Its Profit Forecast, Deepening Its Crisis. CFO Says 4% Margin Is a 'Wake-Up Call'

Volkswagen reported an operating profit of 3.5 billion euros ($3.98 billion), a decline of nearly 10% from last year and well below analysts' expectations of 4.3 billion euros.

International Business Times · Jul 24

ECB Holds Rates Steady As Oil Risks Loom. Traders Are Betting On A September Hike

The ECB voted to leave its main interest rate at 2.25%, a decision that was widely expected after the central bank delivered a quarter-percentage-point increase in June, its first rate hike since 2023.

International Business Times · Jul 24