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The Latest Breaking News from CNBC

Apple Plans To Launch An AI-Powered Siri. But Some People Might Have To Pay For It.

As Apple prepares to launch an AI-powered Siri sometime this fall, the company also is considering whether it should charge for access for people who use it a lot.

International Business Times

Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector

Chevron posted Q2 2026 earnings of $12.1 billion as elevated Brent crude and strong refining margins boosted results, but the stock struggled to rally as gains appeared already priced in.

MarketBeat

Microsoft Surges, Meta Sinks As Investors Demand Returns From AI Spending

Wall Street is beginning to reward companies that are successfully converting AI investments into measurable returns and punish those who are not.

International Business Times

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The Hidden Reason Leopold Aschenbrenner's Situational Awareness Fund Was Forced To Unwind

Situational Awareness built major AI infrastructure positions before leverage and market volatility forced the fund to unwind its public portfolio.

International Business Times UK

AI Star Leopold Aschenbrenner Built A $45 Billion Hedge Fund. Weeks Later It Has Been Forced To Unwind Bets

Several of Situational Awareness' prime brokers, including Bank of America, Goldman Sachs, and JPMorgan Chase, have been working with the hedge fund to either raise cash or reduce positions in an orderly manner.

International Business Times

AI Wunderkind Leopold Aschenbrenner's $20 Billion AI Hedge Fund Is Raising Cash After AI Rout (UPDATED)

Editor’s note: the story has been updated with the latest reporting about Situational Awareness’s portfolio.

Benzinga

Azure Ignites Microsoft Stock: AI-Fueled Earnings Beat Sparks 9% Rally

Microsoft Corp. (NASDAQ:MSFT) stock surged about 9% in Thursday’s premarket session after the software giant reported fourth-quarter results that comfortably beat Wall Street expectations, driven by accelerating Azure cloud growth and rising AI adoption.

Benzinga

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GPT-5.6, ChatGPT Work lift OpenAI’s July ARR over Q2

OpenAI's revenue growth has surpassed second-quarter levels, driven by new product launches. The company is expanding its customer base to support significant AI infrastructure investments. OpenAI aims for substantial compute spending by 2030 and seeks Nvidia funding. Rival Anthropic also shows strong revenue growth with its coding assistant. Competition from…

The Economic Times

China Says US Humanoid Robot Ban 'Severely Damages' Relations—Here's How It Could Affect Elon Musk's Optimus: 'China Makes Half…'

Chinese authorities criticized the Donald Trump administration’s restrictions on foreign-made humanoid robots, saying that such a move heavily affects relations between the two countries.

Benzinga

Microsoft Short Interest Hits Highest Level Since 2015 as Bears Dig in Ahead of Earnings

Roughly 92 million Microsoft Corp. (NASDAQ:MSFT) shares are currently sold short — 1.27% of the company’s public float — the highest percentage since May 2015 and the largest jump in short interest among the Magnificent Seven, according to S3 Partners data cited by CNBC.

Benzinga

Visa Slashes 7 Per Cent of Staff as Leaked CEO Memo Exposes Massive Shift From Humans to AI Tools

Visa is laying off 2,600 employees, focusing on AI-driven efficiency and reinvestment in growth areas, as it adapts to a changing payments landscape.

International Business Times UK

Elon Musk's Companies Have Lost $1.5 Trillion In Value. SpaceX's Biggest Test Yet Starts Next Week

Since reaching recent highs in mid-June, SpaceX shares have tumbled nearly 50%, while Tesla has fallen about 18% following last week's earnings report.

International Business Times

Jim Cramer Slams 'SK Hijinx' as SKHY's Record Earnings Meet Brutal Stock Crash: 'We Will Rue the Day We Let This Monster Into Our Markets...'

CNBC host Jim Cramer has sounded the alarm on SK Hynix Inc. (NASDAQ:SKHY), labeling the South Korean memory giant a "Monster" that is destabilizing global markets as retail margin calls and leveraged gambling overshadow strong chip fundamentals during July’s severe semiconductor rout.

Benzinga

The Future Of Wall Street Could Be AI Agents Trading Around The Clock. Human Investors May Only Set The Rules

A new wave of artificial intelligence-powered agents is being developed to execute investment strategies with little day to day human involvement, signaling what many on Wall Street believe could be the next major transformation in financial services.

International Business Times

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news in one place.

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International Business Times

U.S. Companies Believe China Has Been Acquiring AI Chips. Now A Nvidia Employee Has Been Arrested

Taiwan has detained a Nvidia employee as part of a probe into the alleged illegal exports of Super Micro AI servers to China.

The Economic Times

A machine made by China sends shockwaves in the chip industry

China has begun mass-producing its own lithography machines, challenging ASML's global dominance. This development marks a significant step towards Beijing's technological self-sufficiency goals. The move comes after years of US-led export controls on advanced chip technology. This breakthrough represents a milestone in China's semiconductor manufacturing capabilities.

International Business Times

Crypto Investors Could Lose A Major Tax Break As Congress Revives An Old Fight

U.S. lawmakers are renewing efforts to eliminate a tax advantage that allows cryptocurrency investors to harvest losses while immediately buying back the same assets.

International Business Times

China's DUV Chip Tool Push Shakes Markets. ASML's Dominance Faces Scrutiny, But Major Hurdles Remain

China has reportedly begun producing homegrown immersion DUV lithography machines, marking another step in its drive for semiconductor self-sufficiency as technology restrictions reshape the global chip industry.

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news in one place.

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International Business Times

Congress Members Invested in SpaceX After Historic IPO. Critics Question Potential Conflicts

House financial disclosure filings showed that at least six members of the House of Representatives acquired SpaceX shares days after the company's public debut.

International Business Times

South Korean Semiconductor Shares Plunge As Rout Continues, Pressuring U.S. Chipmakers Further

South Korean semiconductor companies plunged on Tuesday, extending the rout chipmakers have been going through the past sessions.

International Business Times

Nvidia Is No Longer The World's Most Valuable Company As The Chipmaker Rout Continues. Apple Has Taken The Lead

Nvidia stopped being the world's most valuable company as its stock continues to slide amid a broader rout in chipmakers.

International Business Times

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

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

International Business Times

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

AI Is Making Many People Richer. Economists Want More Americans To Get A Cut

The discussion over what the public receives from AI gained fresh attention after Sen. Bernie Sanders of Vermont floated the idea that the public should own half of the AI industry.

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Leopold Aschenbrenner

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