Month: February 2026
Columbia University says DHS detained student after making ‘misrepresentations’
Students are seen on the campus of Columbia University in New York City on April 14, 2025. Charly Triballeau | AFP | Getty Images Columbia University said a student was detained by federal agents early Thursday, the latest sign of President Donald Trump’s nationwide escalation of immigration enforcement. The student was taken by Department of […]
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C3 AI shares plummet as company cuts 26% of workforce, posts wider loss than expected
Jonathan Raa | Nurphoto | Getty Images Shares of C3 AI sank 17% on Thursday, trading at a record low, after the company reported disappointing third-quarter fiscal results and announced cuts to over a quarter of its workforce. The enterprise artificial intelligence company with the ticker AI reported $53 million in third-quarter revenue, far below […]
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EBay laying off about 800 roles, or 6% of its workforce
eBay’s headquarters in San Jose, California, U.S. Bloomberg | Getty Images EBay said Thursday it is cutting about 800 roles, or 6% of its workforce, in the latest round of layoffs at the e-commerce company. “We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect […]
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Democratic senators press Commerce Secretary Lutnick on conflict of interest concerns in USA Rare Earth deal
U.S. Senator Elizabeth Warren (D-MA) speaks as U.S. Trade Representative Jamieson Greer testifies before a Senate Finance Committee hearing on U.S. President Donald Trump’s trade policy, on Capitol Hill in Washington, D.C., U.S., April 8, 2025. Kevin Mohatt | Reuters Democratic senators flagged conflict of interest concerns over the involvement of Commerce Secretary Howard Lutnick’s […]
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The world’s biggest sovereign wealth fund is using Anthropic’s Claude AI model to screen investments for ethical issues
Nicolai Tangen, CEO of Norges Bank Investment Management, addresses a press conference on his company’s annual results for 2024 at Norges Bank in Oslo, Norway, on January 29, 2025. Ole Berg-rusten | Afp | Getty Images Norway’s $2 trillion oil fund, one of the world’s biggest investors, said Thursday that it is now using AI […]
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Trump said beef, egg and chicken prices are falling. Here’s what the data shows
U.S. President Donald Trump delivers the State of the Union address on Feb. 24, 2026, in Washington, D.C. Kenny Holston-Pool/Getty Images President Donald Trump said in his State of the Union speech Tuesday night that his administration’s policies were “rapidly ending” high prices for certain foods, including proteins in the U.S. diet, like beef, chicken […]
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MP Materials selects Texas for rare earth magnet manufacturing site
Key Points MP Materials has chosen Northlake, Texas, for its new $1.25 billion rare earth magnet manufacturing campus. The facility, dubbed “10X,” will use rare earth raw materials that have been sourced and processed at MP Materials’ Mountain Pass mine in California. Mountain Pass is the only commercial-scale rare earths mine in the U.S. The […]
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Nvidia earnings, Big Tech’s White House visit, protein prices and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. With focus remaining on artificial intelligence’s potential to shake up various industries, I’ve decided to start a mental count of how many times I say or write variations of the term “AI disruption.” S&P 500 futures are little changed this […]
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Why this apartment developer is deploying $1 billion of new capital toward older buildings
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. In […]
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Congress pushes back against Nvidia, White House with chip export limits
Republican lawmakers are pushing to place limits on the ability of U.S. companies to sell advanced semiconductors to China — an effort that has run afoul of some key figures in the Trump administration. The effort also pits China hawks on the Hill against Nvidia CEO Jensen Huang, who has repeatedly made the pitch to […]
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