Day: October 28, 2025
Nvidia-supplier SK Hynix third-quarter profit jumps 62% to a record high on AI-fueled memory demand
A man walks past a logo of SK Hynix at the lobby of the company’s Bundang office in Seongnam on January 29, 2021. Jung Yeon-Je | AFP | Getty Images South Korea’s SK Hynix, one of the world’s largest memory chipmakers, on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for […]
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Celestica CEO explains the company’s role in the AI boom
Celestica CEO Rob Mionis explained how his company designs and manufactures infrastructure that enables artificial intelligence in a Tuesday interview with CNBC’s Jim Cramer. “If AI is a speeding freight train, we’re laying the tracks ahead of the freight train,” Mionis said. He pushed back against the notion that the AI boom is a bubble, […]
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Stock futures were little changed as investors await Fed rate decision: Live updates
Traders work at the New York Stock Exchange on Oct. 28, 2025. NYSE U.S. stock futures were little changed Tuesday night after the major averages hit fresh records ahead of the Federal Reserve’s interest rate decision. Dow Jones Industrial Average futures fell by 10 points, or 0.02%. S&P 500 futures and Nasdaq 100 futures climbed […]
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Wikipedia founder Jimmy Wales isn’t worried about Elon Musk’s Grokipedia: ‘Not optimistic he will create anything very useful right now’
Elon Musk’s Wikipedia rival Grokipedia got off to a “rocky start” in its public debut, but Wikipedia founder Jimmy Wales didn’t even have to take a look at the AI’s output to know what he expected. “I’m not optimistic he will create anything very useful right now,” Wales said at the CNBC Technology Executive Council […]
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Stocks making the biggest moves after hours: Visa, Seagate, Caesars Entertainment, Mondelez and more
Check out the companies making headlines after hours. Visa — Shares rose 1% after the payments company reported fourth-quarter results that exceeded expectations on the top and bottom lines. Visa posted adjusted quarterly earnings of $2.98 per share on revenue of $10.72 billion. Analysts polled by LSEG had expected per-share earnings of $2.97 on revenue […]
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Meta’s AI app has seen growth soar since launch of Vibes, but trails OpenAI’s Sora
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Oakley Vanguard AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Meta’s AI app has seen a major jolt in downloads since launching its Vibes […]
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Judge extends ban on Trump firing federal workers during government shutdown
A traffic light shows red in front of the US Capitol, in Washington DC , October 14, 2025. Celal Gunes/ | Anadolu | Getty Images A federal judge on Tuesday extended a temporary order blocking the Trump administration’s plans to fire thousands of federal employees during the government shutdown. The order, called a preliminary injunction, […]
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We’re raising our Corning price target after a shortsighted post-earnings decline
Shares of high-tech glass maker Corning dropped 2.5% on Tuesday after climbing more than 80% this year. Investors took profits after what were solid earnings. We weren’t among them. In fact, we bought the pullback on Tuesday morning, shortly after underserved post-earnings weakness developed. Corning makes specialty glass for data center cables and screens for […]
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Can AI create next ‘Grand Theft Auto’? Take-Two Interactive CEO says no
Strauss Zelnick, the CEO of video game publisher Take-Two Interactive, said he is not a “naysayer” when it comes to the promise of artificial intelligence. But at the same time, Zelnick, who leads the company that publishes the “Grand Theft Auto,” “NBA 2K,” “Red Dead” and “Borderlands” video game series, said the signs that the […]
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The Fed has a rate cut plus a bunch of other things on its plate this week. Here’s what to expect
Key Points Markets are assigning a nearly 100% probability that the Federal Open Market Committee will approve a second consecutive quarter percentage point at its meeting this week. Beyond that, policymakers are likely to debate the future path of reductions, the challenges posed by a lack of economic data and the timetable for ending the […]
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