Business
Rivian hits production milestone for R2 EV ahead of customer deliveries
Rivian founder and CEO RJ Scaringe on April 22, 2026 drives the first customer-ready electric R2 SUV off the assembly line at the company’s plant in Normal, Illinois. Courtesy Rivian Rivian Automotive on Wednesday said it has started production of its new R2 all-electric vehicle for customers at its plant in Normal, Illinois. The start […]
Read More
Stocks making the biggest moves midday: Axe Compute, AST SpaceMobile, United Airlines, GE Vernova & more
Check out the companies making the biggest moves midday: Calix — The AI and cloud platform tumbled 16% after the company warned of margin headwinds for the year, overshadowing better-than-expected results for the first quarter. TE Connectivity — Shares of the electrical components maker shed 12% after the company’s second-quarter guidance underwhelemed investors. TE sees […]
Read More
Microsoft’s LinkedIn names longtime exec Dan Shapero its new CEO
Daniel Shapero, CEO of LinkedIn and Ryan Roslansky, EVP of LinkedIn and Microsoft Office. Courtesy: LinkedIn Microsoft has tapped Dan Shapero to be the new CEO of its LinkedIn division, succeeding Ryan Roslansky, who has run the subsidiary since 2020 and last year took on additional responsibility in Microsoft’s Office productivity group. The change is […]
Read More
Convenience store owner Yesway is stealing customers from fast-food chains, CEO says
Thomas Trkla, chairman and and chief executive officer of Yesway Inc., during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, April 22, 2026. Michael Nagle | Bloomberg | Getty Images Deep-fried burritos and chimichangas from convenience store chain Allsup’s are helping its parent company Yesway steal customers […]
Read More
Adobe tries to climb out of the software stock abyss, with a little help from a buyback and Jensen Huang
Adobe could be crawling its way out of the software stock abyss, after a buyback and an endorsement from Nvidia CEO Jensen Huang revived confidence in the digital media provider. Shares of Adobe, the owner of Photoshop and other tools, have been punished lately, plunging 40% below their May 2025 high and into a bear […]
Read More
Trump administration in advanced talks for Spirit Airlines rescue package, source says
The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier is facing the risk of a liquidation, according to a person familiar with the matter. The iconic discounter Spirit has been challenged for years by rising costs, changing consumer tastes, an engine recall and a court-blocked plan to […]
Read More
Life sciences lab real estate is clawing back from disaster. Here’s what that means for investors
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 to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Life […]
Read More
Ceasefire extension, Best Buy’s new CEO, Amazon’s GLP-1 push and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. With all the volatility in the oil market, I found it helpful to look at this timeline for a reminder of all that’s happened over the last eight weeks. Stock futures are higher this morning. All three major indexes closed […]
Read More
Google unveils chips for AI training and inference in latest shot at Nvidia
Google CEO Sundar Pichai gestures during a meeting with France’s President Emmanuel Macron on the sidelines of the AI Impact Summit in New Delhi on Feb. 19, 2026. Ludovic Marin | Afp | Getty Images After years of producing chips that can both train artificial intelligence models and handle inference work, Google is separating those […]
Read More
Stocks making the biggest moves premarket: GE Vernova, Vertiv, Best Buy & more
Check out the companies making the biggest moves premarket: United Airlines — Shares rose more than 1.5% even after the airline posted disappointing guidance for its current quarter and full year as rising fuel prices pressure its outlook. United expects 2026 adjusted earnings of between $7 and $11 per share, down from prior guidance of […]
Read More