business news
Cerebras scores OpenAI deal worth over $10 billion ahead of AI chipmaker’s IPO
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Raise summit in Paris on July 8, 2025. The annual conference gathers global leaders and key speakers in tech and AI. Nathan Laine | Bloomberg | Getty Images AI chipmaker Cerebras has signed a deal with OpenAI to deliver 750 megawatts of computing power […]
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Stellantis CEO: 2026 is the ‘year of execution’ as Wall Street awaits turnaround strategy
Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, November 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa views 2026 as an execution year for the embattled maker of Jeep, Ram and Dodge vehicles in the U.S. after years of market share declines. Filosa has been undertaking a turnaround […]
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China’s ban on cybersecurity software roils three of our stocks — here’s our view
Geopolitical tensions are shaking the cybersecurity tape, impacting Club names Palo Alto Networks , CrowdStrike , and Broadcom . But they’re not changing our investment theses. Reuters reported Wednesday that Chinese authorities have told domestic companies to stop using cybersecurity software from a handful of U.S. and Israeli firms, including Palo Alto Networks, CrowdStrike, Fortinet, […]
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Under threat from Trump, Wall Street banks wager they can fend off credit card price controls
Key Points U.S. banks including JPMorgan Chase and Citigroup showed no signs of capitulation to President Donald Trump’s mandate of a 10% cap on credit card interest rates. Five days after the original threat, bankers and their lobbyists told CNBC that they have yet to receive any formal or written guidance from the Trump administration […]
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Elon Musk’s xAI probed by California DOJ over Grok’s deepfake explicit images
In this photo illustration, a person holds a smartphone showing Ani, a virtual anime-style assistant character featured in the Grok 4 AI chatbot developed by xAI, with the Grok logo visible on a screen in the background on July 16, 2025 in Chongqing, China. Cheng Xin | Getty Images Elon Musk’s xAI is now facing […]
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LIVE: Officials from Denmark and Greenland hold news conference after U.S. talks
[The stream is slated to start before 2 p.m. ET. Please refresh the page if you do not see a player above at that time.] Officials from Denmark and Greenland are speaking to reporters at a news conference after meeting with U.S. officials, as President Donald Trump continues to push to make the Danish island […]
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Google launches Personal Intelligence feature in Gemini app, challenging Apple Intelligence
Vcg | Visual China Group | Getty Images Google is letting users test a new artificial intelligence tool that connects information from various apps like Gmail and Google Photos to provide personalized answers in its chatbot. The feature, called Personal Intelligence, is available for personal accounts, Google said in a blog post Wednesday. “Whether it’s […]
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There’s a big move higher brewing in the energy sector, according to the charts
Any time the State Street Energy Select Sector SPDR Fund (XLE) rallies, three questions arise: Is this move more than a short-term bounce? If so, how long can XLE outperform the S & P 500? If relative strength versus the S & P 500 persists, does that imply broader equity market weakness? We’ll address each […]
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Gold, silver are smashing records to start 2026 after last year’s big run. Why it’s happening again
The flood of geopolitical headlines to start 2026 has brightened the outlook for gold and silver, even after last year’s massive run-up for all precious metals. Gold and silver are smashing records to start the new year, with gold this week topping $4,600 an ounce for the first time, and silver breaching $90. The two […]
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Airlines to save big money on fuel as new weight loss pills gain popularity, Wall Street says
Celsopupo | Istock | Getty Images Wall Street is finding an unexpected beneficiary of America’s weight loss boom: airlines. With the first GLP-1 weight loss drug now available in pill form, analysts at Jefferies say broad adoption across society could quietly lower fuel bills — airlines’ single largest cost — and lift earnings for the […]
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