Day: February 6, 2026
Bitcoin’s rough week, Amazon’s plunge, Super Bowl ads and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. U.S.-listed shares of Stellantis are down more than 25% this morning after the automaker said it expects to take a $26 billion hit from a business overhaul. The Chrysler and Dodge parent’s stock was already having a tough year: Shares […]
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Big Tech sees over $1 trillion wiped from stocks as fears of AI bubble ignite sell-off
Big Tech companies have seen over $1 trillion wiped from their market cap over the past week, as fears over AI spending sparked a sell-off. Microsoft, Nvidia, Oracle, Meta, Amazon and Alphabet all saw their shares fall in the week up to market close on Thursday, as the companies’ earnings reports signaled huge continued capex […]
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Stocks making the biggest moves premarket: Amazon, Reddit, Strategy, Molina, Strategy, Eli Lilly & more
Check out the companies making headlines before the bell. Amazon — Shares tumbled 7% after the ecommerce giant reported $1.95 in earnings per share in the fourth quarter, narrowly missing the consensus forecast of $1.97 per share from analysts polled by LSEG. Amazon also said to expect $200 billion in capital expenditures for 2026. Molina […]
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Hims & Hers falls 8% after Novo’s legal threat. Here’s the latest
Rafael Henrique | SOPA Images | AP The stock of Hims & Hers dropped in premarket trading early Friday after a legal threat from Novo Nordisk. The online teleheath company announced on Thursday plans to launch a cheaper, copycat version of Novo’s weight loss pill, prompting Novo to take legal action. Hims stock spiked as […]
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Goldman Sachs is tapping Anthropic’s AI model to automate accounting, compliance roles
Goldman Sachs has been working with the artificial intelligence startup Anthropic to create AI agents to automate a growing number of roles within the bank, the firm’s tech chief told CNBC exclusively. The bank has, for the past six months, been working with embedded Anthropic engineers to co-develop autonomous agents in at least two specific […]
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Bitcoin narrowly avoids falling under $60,000 as it bounces off lows
Justin Tallis | Afp | Getty Images Bitcoin bounced off its recent low on Friday after narrowly avoiding falling below the key $60,000 mark, but some market commentators suggested there’s more selling to come. Late on Thursday, the world’s biggest cryptocurrency fell below $61,000 and hovered just above the $60,000 mark. As of 4:54 a.m. […]
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Anduril founder says U.S. can spend billions less on defense: ‘We spend too much money on the wrong thing’
Defense spending has been the talk of Singapore’s Airshow this week but that’s not an accurate way to measure military strength, Palmer Luckey, founder of defense tech firm Anduril Industries, said on CNBC’s “Squawk Box Asia” Wednesday. That comes after U.S. President Donald Trump in January expressed interest in raising the U.S military budget to […]
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Toyota promotes finance chief Kenta Kon as CEO in second leadership change in 3 years
A Toyota dealership is seen on November 19, 2025 in Austin, Texas. Brandon Bell | Getty Images Toyota Motor announced Friday that Chief Executive Officer Koji Sato will step down and be replaced by its Chief Financial Officer, Kenta Kon, marking the automaker’s second CEO transition in three years. The leadership shakeup will take effect […]
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Stellantis to take $26 billion hit overhauling its business after ‘over-estimating the pace of the energy transition’
Automaker Stellantis said on Friday it expects to take a roughly 22-billion-euro ($26 billion) hit as it overhauls its business to accelerate the rollout of electric and hybrid vehicles. The Jeep maker also pre-released some figures for the fourth quarter, saying it anticipates a net loss for 2025. In recognition of that net loss, it […]
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CNBC Daily Open: Amazon one-ups its rivals on capex spending, but investors are already worried over AI valuations
People walk by the exhibit for Amazon Web Services (AWS) at National Retail Federation (NRF) 2026: Retail’s Big Show, in New York City, U.S., Jan. 12, 2026. Kylie Cooper | Reuters Amazon is following in the footsteps of fellow tech giant Microsoft, and not in a good way. Shares of the e-commerce and cloud giant […]
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