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S&P 500 futures are little changed after tech-driven rally leads index to new…

A rally in the technology sector drove the S&P 500 and Nasdaq Composite to new intraday and closing records on Wednesday.

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AIBusiness

Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami

Cerebras raised $5.55 billion in its IPO, and with the chipmaker's offering, investors are gearing up for some even bigger AI…

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AI

Microsoft feared being too dependent on OpenAI, Musk-Altman trial testimony…

Top Microsoft executives testified in Musk v. Altman this week, spelling out concerns they had in the early days of the…

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AIBusiness

Cisco's stock pops 15% on surging AI orders, as company says it's cutting…

Cisco's AI story has finally started resonating with Wall Street, with the stock hitting a record late last year and continuing…

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BusinessMondo

Bulls bet big on these three China-related stock trades during Trump visit

Chinese stocks, ETFs and related themes posted some of the biggest rallies in months.

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Business

Allegiant CEO makes case for low-cost airline model as Sun Country acquisition…

Allegiant CEO Greg Anderson said leisure travel demand is still strong despite higher fuel prices.

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Politica

Kevin Warsh wins Senate confirmation as the next Federal Reserve chair

In the most divisive vote ever for a Fed chair, Warsh, 56, won confirmation to take over for Jerome Powell.

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Mortgage rates jump to highest level since March on hotter inflation reports

Mortgage rates surged to the highest level since March in reaction to two hotter-than-expected inflation reports.

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Business

This stock is our favorite way to hedge against the pickup in inflation

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of…

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BusinessTech

This low-profile stock in the semiconductor supply chain has doubled this year.…

Across the board, Wall Street analysts are bullish on Qnity Electronics and have raised their price targets on the stock.

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PoliticaMondo

Trump to announce tariff truce extension, aircraft purchases from Boeing in…

Traders also think it is likely that the president will talk about Iran, despite his comments that the U.S. doesn't need China's…

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Business

Can a market divided keep standing? Bulls attempt to find out

Tech stocks and the broader market are telling very different stories.

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AIBusiness

An unloved health-care stock gets a welcome nod in this AI-obsessed market

Leerink analysts lifted J&J shares to a buy equivalent from hold on Wednesday, citing the company's slate of new drugs.

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BusinessTech

Stocks to watch during high-stakes Trump-Xi talks include Boeing, EV and chip…

Investors should watch companies exposed to agricultural exports, energy shipments and aerospace if the two sides reach even…

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Business

Oil price spike turmoil far from over, IEA says as inventories are depleted at…

The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.

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Mortgage rates move to highest level in 5 weeks, but homebuyers shake it off

Mortgage rates continued to climb higher, but stronger homebuyer demand helped to keep mortgage applications in positive…

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BusinessPolitica

Jim O'Neill: 4 lessons the U.K. must learn from bond markets after gilts…

Britain faces among the highest borrowing costs of any developed nation — but bond markets offer 4 key lessons the government can…

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Politica

Gas tax holiday as Trump promises? Not so fast, trucking, construction…

President Donald Trump and lawmakers are eyeing federal gas tax relief, but opponents argue a pause wouldn't help consumers and…

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AITech

Alibaba's core profit plunges 84% even as AI and cloud growth accelerate

Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.

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BusinessPolitica

'Bond markets on edge' as King Charles sets out fragile U.K. government's agenda

U.K. gilts and bonds faced heavy selling pressure in response to the latest 'Starmer drama', as the prime minister faces down…

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Kool-Aid to launch electrolyte packets with no artificial dyes as part of Kraft…

Parent company Kraft Heinz is trying to reverse slumping sales by modernizing many of its legacy brands.

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Politica

Treasury yields fall as investors digest hotter-than-expected CPI data

The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell more than 1 basis point to…

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Mondo

Stellantis’ Leapmotor partnership points to a wider — and riskier— industry…

A recent tie-up between Jeep maker Stellantis and China's Leapmotor is seen as a watershed moment for the future of European…

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AIMondo

China's Tencent sees boost from gaming, AI demand even as revenue comes in…

This is breaking news. Please refresh for updates.

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Business

Jamie Dimon warns JP Morgan may rethink new London office if 'very smart'…

Starmer's leadership is under pressure, sparking concern in the bond market.

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AI

SoftBank posts $46 billion gain at Vision Fund driven mainly by massive OpenAI…

SoftBank booked a yearly gain of $46 billion at its Vision Fund driven in large part by the huge rise in value of its investment…

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Mondo

CNBC Daily Open: Huang on, Nvidia is on the China trip

Nvidia CEO Jensen Huang becomes a last-minute addition to the Trump administration's trip to China, despite restrictions in…

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Business

European markets to open higher as focus returns to earnings; Siemens unveils…

European stocks are expected to buck the negative sentiment seen in Tuesday's session by opening higher on Wednesday.

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CNBC's UK Exchange newsletter: Starmer’s EU push faces a harsh political reality

U.K. Prime Minister Keir Starmer has alighted on resetting relations with Europe as a way of reviving his flagging popularity.

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BusinessMondo

Buy these 'cheap' stocks, Barclays says, as luxury's 'self-help stories' pay off

The conflict in the Middle East has weighed heavily on the world's biggest luxury stocks, but Barclays sees a buying opportunity.

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BusinessPolitica

India hikes bullion import duties as the world's second-largest gold market…

The government has imposed a 10% basic customs duty and a 5% tax on gold and silver imports, as per notifications issued on…

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Mondo

Morgan Stanley boosts price targets for China indexes, sees upside through 2Q…

China's highly competitive supply chain also makes the country best positioned in the high-end power and green tech space, the…

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Politica

Samsung Electronics recovers $66 billion intraday wipeout after Seoul steps in…

Samsung Electronics reversed steep intraday losses after South Korea’s government urged labor and management to resume talks.

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PoliticaMondo

Nvidia says CEO Jensen Huang is joining Trump's China trip

The U.S. chipmaker executive was not included in earlier lists of business leaders participating in President Donald Trump's trip…

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Mondo

For Chinese exporters, Iran worries eclipse tariff woes as Trump, Xi prepare to…

Heading into the summit, Beijing and Washington will likely reaffirm their shared intention to reopen the Strait of Hormuz and…

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CNBC Daily Open: Wall Street meets its old nemesis: Inflation

March's inflation figures came in hotter than expected, raising the odds of a Fed rate hike and cooling Wall Street's record run.

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BusinessMondo

Asia markets set to open mixed as investors watch Trump-Xi meeting and Iran…

Asian markets looked set for a mixed open Wednesday as investors grappled with hotter-than-expected inflation, U.S.-Iran tensions…

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FedEx CEO brushes off Amazon's new logistics service that recently sent shares…

FedEx CEO Raj Subramaniam argued that Amazon's recent supply chain services announcement does not pose a threat to Fedex.

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Business

Jim Cramer says this is the key for stocks to get back into rally mode

CNBC's Jim Cramer said that interest rates are the key for stocks to sustain long-term gains.

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Business

Stock futures are little changed as Wall Street awaits another April inflation…

April's producer price index, another key inflation report, will be released at 8:30 a.m. on Wednesday morning.

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Business

Auto-state lawmakers seek to keep certain Chinese vehicles out of U.S. as Trump…

Michigan lawmakers introduced a bipartisan bill to ban Chinese-connected vehicles and technology from the U.S. market over…

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AI

This metal just set a new record, boosted by AI data center demand. Citi says…

Citigroup sees copper rising to $15,000 per metric ton, or approximately 7% above the metal's Tuesday close.

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To be more confident, try these 2 simple habits, according to the Mel Robbins…

There are exercises you can do to boost your sense of self-acceptance, says behavioral researcher and author of “Big Trust” Shade…

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AIBusiness

Greenlight’s David Einhorn pitches five turnaround stocks at Sohn, from AI to…

The Greenlight Capital founder pitched five investment ideas in New York, focusing on companies he said are in a transitional…

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AITech

This company is giving every employee a 10% raise on their next work…

Lovable, an AI software company based in Stockholm, says it will give each of its staffers a 10% pay bump on their work…

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AITech

Traders will soon be able to bet on computer chip prices as AI drives costs…

Contracts can be used to hedge against rising GPU rental rates and other operational costs

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Politica

New York City Mayor Zohran Mamdani's pied-à-terre property tax is moving ahead.…

New York is moving ahead with a pied-à-terre property tax in its budget. Existing taxes from around the world's major cities show…

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Politica

Trump wants gas tax relief. But slim driver savings could strain a key federal…

President Donald Trump floated a federal gas tax suspension. If enacted, here's how that could impact consumers.

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