business news
Op-ed: In blocking Meta-Manus deal, China sends a powerful message to U.S. market about AI race
When Meta agreed to acquire Manus, a Singapore-based artificial intelligence startup with Chinese roots for roughly $2 billion last December, many saw the transaction as just another routine deal in today’s global technology economy: capital crossing borders, startups relocating to friendlier jurisdictions, and major platform companies acquiring talent and intellectual property in the race to […]
Read More
ABC faces renewed Trump backlash as Kimmel says comments ‘not, by any stretch’ call for violence
A sign is displayed outside the El Capitan Entertainment Centre in Hollywood where the “Jimmy Kimmel Live!” show will be recorded on the first night the show will return to the ABC lineup on September 23, 2025 in Los Angeles, California. Mario Tama | Getty Images President Donald Trump is reviving calls this week for […]
Read More
OpenAI’s revenue, growth estimates fall short as company races toward IPO: Report
Sam Altman, CEO of OpenAI, at the AI Impact Summit in New Delhi, India, Feb. 19, 2026. Prakash Singh | Bloomberg | Getty Images OpenAI has fallen short of its own revenue and user growth estimates, raising questions about whether the AI company can meet its massive data center spending plans, the Wall Street Journal […]
Read More
Spotify stock plummets after earnings beat expectations as guidance disappoints
Shares of Swedish audio-streamer Spotify fell 9% in premarket trading after soft guidance overshadowed an earnings beat. The New York-listed stock fell as much as 12% following earnings before the bell before paring some of the losses. First-quarter revenue rose 8% from last year to 4.5 billion euros ($5.3 billion), while monthly active users (MAUs) […]
Read More
United Arab Emirates leaving OPEC, effective May 1
Jonathan Raa | Nurphoto | Getty Images The United Arab Emirates announced Tuesday that it will exit OPEC on May 1. “This decision follows a comprehensive review of the UAE’s production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market’s […]
Read More
Meta’s new AI model shows early promise, but investors want to see Zuckerberg’s strategy
Meta CEO Mark Zuckerberg during the Meta Connect event in Menlo Park, California, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images With Mark Zuckerberg counting on Meta’s new artificial intelligence model, Muse Spark, to revive his company’s standing in the booming AI market, guidance and commentary are going to be of heightened […]
Read More
Office demand rebounds to highest level since Covid pandemic began
A “For Lease” sign in the Financial District of San Francisco, California, US, on Wednesday, May 3, 2023. Jason Henry | Bloomberg | Getty Images 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 […]
Read More
Tech’s hyperscalers face Wall Street for first time since U.S. Iran war sent oil prices soaring
Sebastien Bozon | Afp | Getty Images The last time tech’s hyperscalers addressed Wall Street, three months ago, they announced plans to collectively spend well over half a trillion dollars this year to build out their artificial intelligence infrastructure. That was before the U.S. invaded Iran, causing oil prices to spike, and leading to a […]
Read More
Musk and Altman go to trial, GM earnings, Spotify’s fitness push and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Shares of key players in the artificial intelligence trade — like Oracle, Nvidia and SoftBank Group — are all falling this morning following a report that OpenAI missed internal targets for revenue and user growth. Stock futures are mixed in […]
Read More
OpenAI reportedly missed revenue targets. Shares of Oracle and these chip stocks are falling
In this article SFTU-FF SFTU-FF CRWV Follow your favorite stocksCREATE FREE ACCOUNT OpenAI CEO Sam Altman speaks during the BlackRock Infrastructure Summit on March 11, 2026 in Washington, DC. Anna Moneymaker | Getty Images Shares of companies tied to artificial intelligence infrastructure tumbled in early trading Tuesday after a report that OpenAI has fallen short […]
Read More