business news
Meta’s VR layoffs, studio closures underscore Zuckerberg’s massive pivot to AI
Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, U.S., on Thursday, Oct. 6, 2016. David Paul Morris | Bloomberg | Getty Images A little over four years after Mark Zuckerberg changed Facebook’s name to Meta, reflecting his […]
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CNBC Daily Open: U.S. stocks dip and oil jumps as Iran, Fed independence concerns rise
US President Donald Trump speaks to the press upon returning to Joint Base Andrews in Maryland on January 13, 2026. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump said in a Truth Social post on Tuesday that he had “cancelled all meetings with Iranian Officials,” and reiterated his support for protestors fueling […]
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Japanese stocks open at record highs as expectations of snap poll rise
Osanbashi in Yokohama on December 10, 2022. Yuichi Yamazaki | Afp | Getty Images Japanese indexes hit record highs Wednesday on expectations that Prime Minister Sanae Takaichi could call for a snap election, likely in February. If called, it will be Takaichi’s first time facing Japan’s voters in an election. The Nikkei 225 index rose […]
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Stock futures are flat as traders look ahead to more bank earnings: Live updates
A trader works on the floor of the New York Stock Exchange. NYSE Stock futures were little changed Tuesday night after the S&P 500 pulled back from record levels seen earlier in the week. Futures tied to the Dow Jones Industrial Average shed 40 points, or nearly 0.1%. S&P 500 futures were marginally lower, as were […]
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Palantir is trying to ‘destroy’ Percepta through legal action, startup’s execs say in filing
Alex Karp, CEO of Palantir, speaking on CNBC’s Squawk Box on Nov. 4th, 2025. CNBC Executives of artificial intelligence startup Percepta AI, who were sued last year by Palantir for allegedly stealing confidential information and trying to poach top talent, called the claims an attempt to “stifle competition.” “In truth, Palantir is looking to scare […]
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A major development in Trump’s Fed feud is set to happen next week in the Supreme Court
President Donald Trump speaks at the Detroit Economic Club in Detroit, Jan. 13, 2026. Evelyn Hockstein | Reuters As the Justice Department continues its investigation into the Federal Reserve, the next front in the central bank’s quest to maintain political independence will shift to the Supreme Court. On Jan. 21, the high court will hear […]
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Apple and Google are teaming up on AI. What it means for both stocks
Wall Street analysts believe the new partnership between Apple and Alphabet strengthens the investment cases for both companies. The two “Magnificent Seven” giants announced Monday that they would be entering a multiyear collaboration where Google’s Gemini AI and cloud technology would power future Apple features, including an AI-charged and personalized Siri expected later this year. […]
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Stocks making the biggest moves midday: JPMorgan, Moderna, Boeing, Cardinal Health, Chipotle & more
Check out some of the companies making the biggest moves midday: JPMorgan Chase — The largest bank in the U.S. dropped more than 3%, trading near session lows, after investment banking fees fell, missing expectations. JPM’s chief financial officer signaled that the banking industry could push back against President Donald Trump’s call for a one-year […]
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Morgan Stanley likes these stocks with strong earnings revisions as season begins
With the quarterly reporting season kicking off this week, investors would be wise to pay attention to stocks with solid earnings momentum, according to Morgan Stanley. More than a dozen companies in the S & P 500 are slated to post latest quarterly results this week, including financial institutions such as Goldman Sachs and Citigroup […]
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Jim Cramer reveals his favorite big-cap stock to own now, sees 20% upside ahead
CNBC’s Jim Cramer is doubling down on Alphabet , arguing the stock can build on its strong 2025 rally with another 20% jump. “I don’t think Google stops here,” Cramer said Tuesday on “Squawk on the Street.” “I think Alphabet goes straight shot to $400.” Shares of the Google parent Alphabet hit another all-time Tuesday, […]
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