Apple Inc
China’s DeepSeek AI dethrones ChatGPT on App Store: Here’s what you should know
On Monday, Chinese artificial intelligence startup DeepSeek took over rival OpenAI’s coveted spot as the most-downloaded free app in the U.S. on Apple‘s App Store, dethroning ChatGPT for DeepSeek’s AI Assistant. Global tech stocks sold-off and were on pace to wipe out billions in market cap. Tech leaders, analysts, investors and developers say that the […]
Read More
Trump tariffs could raise prices on technology like laptops, smartphones and AI
Workers weld acid batteries at the Leoch International Technology Ltd. factory in Saltillo, Coahuila, Mexico, on Monday, Oct. 7, 2024. Mauricio Palos | Bloomberg | Getty Images The world’s most valuable chipmaker and the world’s largest contract manufacturer for electronics announced in November that Foxconn was building a massive factory in Guadalajara, Mexico, to assemble […]
Read More
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Strong run threatened U.S. stocks were set to fall to start the week. Shares of AI companies – which have driven the market in recent months – tumbled amid concerns about a possible lower-cost AI competitor in China. The […]
Read More
CNBC Daily Open: Chasing the bull market? Maybe pay attention to gold
An employee removes a silver bar for sale from the shelf at a Costco in Bayonne, New Jersey, U.S., on Friday, Oct. 4, 2024. Clark Hodgin | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need […]
Read More
Earnings playbook: Tech giants Apple and Meta Platforms lead a busy week of reports
The busiest week of the earnings season is here, with some of the world’s largest tech companies slated to report. Apple, Microsoft and Meta Platforms are among the roughly 90 S & P 500 companies due to post their latest quarterly figures. General Motors and Starbucks are also on the docket. It’s been a solid […]
Read More
Megacaps lead a major week of earnings as traders seek clarity on the state of the bull market
The Magnificent Seven companies reporting in the week ahead could unlock the next leg of the rally, as investors bet that earnings growth fueled by artificial intelligence could power a market some worry has gone to excess. The Federal Reserve will also hold its January meeting, with key inflation data coming Friday. Four out of […]
Read More
Alphabet shares close above $200 value for first time
Sundar Pichai, chief executive officer of Alphabet Inc. Kyle Grillot | Bloomberg | Getty Images Alphabet shares closed at $200 per share for the first time on Friday as investors grow increasingly bullish on the company’s opportunities in artificial intelligence. The stock gained 1.1% on Friday and a little over 2% for the week to […]
Read More
Meta to begin testing ads on Threads, its micro-blogging app
Thilina Kaluthotage | Nurphoto | Getty Images Meta will begin testing ads on its Threads microblogging service with a few companies in the U.S. and Japan, the company said in a blog post Friday. The experiment marks Meta’s first run at generating revenue from Threads. Meta launched the app in July 2023 to rival X, […]
Read More
Trump crypto plans have Wall Street CEOs ready to jump into digital assets
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty Images Just days into President Donald Trump’s second administration, Wall Street is singing […]
Read More
CNBC Daily Open: Trump’s demands push S&P to new record
U.S. President Donald Trump on screen during his address by video conference at the World Economic Forum annual meeting in Davos on Jan. 23, 2025. Fabrice Coffrini | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they […]
Read More