Month: February 2026
Broadcom, Nvidia shares rise on surging Google capital expenditures for AI
Broadcom shares climbed 6% in extended trading Wednesday after Google reported earnings and surging capital expenditures for artificial intelligence. Google said Wednesday that it expects to spend as much as $185 billion on capital expenditures this year, which is nearly double what it spent last year. Ben Reitzes, Melius Research head of technology research, said […]
Read More
Snap shares rise on fourth-quarter earnings that beat on sales
Evan Spiegel, CEO of Snap Inc. attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 9, 2025. David A. Grogan | CNBC Snap shares were up over 5 percent in after-hours trading on Wednesday after the Snapchat-parent released fourth-quarter earnings […]
Read More
BetMGM reports rapid growth as MGM Q4 earnings results beat estimates
CNBC’s Contessa Brewer reports on casino stocks. Source
Read More
Democrats lay out demands in prickly DHS funding fight as Republicans balk
U.S. Senate Minority Leader Chuck Schumer (D-N.Y.) holds a press conference following the Democratic weekly policy lunch on Capitol Hill in Washington, D.C., U.S., Feb. 3, 2026. Annabelle Gordon | Reuters House and Senate Democrats on Wednesday laid out their demands for immigration enforcement reform as Congress races to avoid a shutdown at the Department […]
Read More
Alphabet earnings are out after market close. Here’s what Wall Street is watching
Google parent Alphabet has become a key winner in the artificial intelligence race. Its upcoming quarterly results could determine how far the stock can go from here. Shares of Alphabet have gained more than 8% year to date and 64% over the past 12 months, making a huge comeback from its initial slump as the […]
Read More
Amazon CEO Andy Jassy picks marketplace exec to be his new ‘shadow’ advisor
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York, Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon CEO Andy Jassy has tapped one of the company’s top marketplace executives to be his new “shadow” advisor, the company announced Wednesday. In a blog post, Amazon said Dharmesh Mehta, vice […]
Read More
Terrell Owens calls Hall of Fame process ‘broken’ after Belichick, Kraft snubs
NFL Hall of Famer Terrell Owens said Wednesday that the recent snubs of New England Patriots owner Robert Kraft and former coach Bill Belichick from the institution show the system is flawed, and someone needs to be held accountable. “It’s just plain dumb” Owens told CNBC Sport in an interview in San Francisco ahead of […]
Read More
Oil prices jump after Trump says Iran supreme leader ‘should be very worried’
Tankers docked at the Phillips 66 Freeport Terminal in Freeport, Texas, US, on Friday, Jan. 16, 2026. Mark Felix | Bloomberg | Getty Images Oil prices rose Wednesday after President Donald Trump said Iran’s Supreme Leader Ayatollah Ali Khamenei “should be very worried.” U.S. crude oil rose $1.82, or 2.88%, to $65.08 a barrel by […]
Read More
OpenAI models could help power Alexa as part of Amazon investment deal
OpenAI’s artificial intelligence models could help power Amazon’s digital assistant Alexa and other internal projects at the e-commerce giant, CNBC confirmed on Wednesday. The collaboration between the two companies is being discussed in tandem with Amazon’s ongoing talks to invest up to $50 billion in OpenAI, according to a source familiar with the matter who […]
Read More
Eli Lilly’s GLP-1 growth is only getting started as Novo Nordisk braces for a decline in 2026
The Eli Lilly and Novo Nordisk logos. Mike Blake | Tom Little | Reuters It’s a tale of two drugmakers in the red-hot obesity drug market. Both Novo Nordisk and Eli Lilly are grappling with lower prices in the U.S., but their 2026 outlooks are diverging sharply: While Novo is bracing for a sales decline, […]
Read More