Economy
The public sours on AI and data centers as Anthropic, OpenAI look to IPO and tech keeps spending
Artificial intelligence is losing the popularity contest in the United States, and that’s bad news for some of Big Tech’s power players. The trend has implications for richly valued companies like OpenAI and Anthropic, which are both on the path to go public. It also threatens Amazon, Google, Microsoft and Meta, the so-called hyperscalers planning […]
Read More
For cruise lines, Iran conflict and oil prices threaten to dent profits
The Carnival Miracle cruise ship is anchored in the Pacific Ocean near Kailua Bay during a 15-day cruise, in Kailua-Kona, Hawaii, on Jan. 14, 2024. Kevin Carter | Getty Images The global cruise industry is reporting record demand and renewed consumer enthusiasm, but the leaders helming the world’s largest cruise companies say the sector is […]
Read More
Stocks making the biggest moves midday: DoorDash, Robinhood, Broadcom, Sandisk & more
Here are the companies making headlines in midday trading. Nvidia – Shares of the chip giant popped about 1% as investors plowed money back into tech stocks. Nvidia is on pace for an 11th consecutive winning session, its longest stretch of daily gains on record. Caterpillar – The manufacturer of construction equipment dropped about 5%. […]
Read More
Here are all the ways the Iran war has affected the U.S. economy so far
In an aerial view, the Marathon Petroleum Corp’s Los Angeles Refinery is seen on April 02, 2026 in Carson, California. Justin Sullivan | Getty Images The Iran war is starting to show up in the U.S. economy in ways both obvious and not so much, with soaring energy costs leading the impact and potential hits […]
Read More
Trump threatens to fire Powell if the Fed chair doesn’t leave office on his own
U.S. President Donald Trump speaks to the media, before boarding Air Force One on his way to Virginia, at Joint Base Andrews in Maryland, U.S., April 10, 2026. Evelyn Hockstein | Reuters President Donald Trump on Wednesday again threatened to fire Federal Reserve Chair Jerome Powell and said the probe into the renovation of the […]
Read More
Bank of America earnings, Kalshi’s DC charm offensive, a United-American merger and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Good morning, and happy Tax Day. As of last week, the average tax refund this year is more than 10% higher than the same time a year ago, according to IRS data. S&P 500 futures are little changed this morning after the […]
Read More
Stocks making the biggest moves premarket: Bank of America, Morgan Stanley, Robinhood & more
Check out the companies making the biggest moves premarket: Bank of America — The stock gained more than 1% after the banking giant posted better-than-expected results for the first quarter . Bank of America earned $1.11 per share on revenue of $30.43 billion. Analysts expected a profit of $1.01 per share on revenue of $29.93 […]
Read More
U.S. Treasury yields hold steady as markets eye Middle East resolution
Traders work at the New York Stock Exchange on Feb. 18, 2026. NYSE U.S. Treasury yields were little changed on Wednesday as investors monitored signals from the White House that talks to resolve the Middle East conflict will resume this week. The yield on the 10-year U.S. Treasury note — the key benchmark for government borrowing […]
Read More
Iran war ‘very close to over,’ Trump says — and the stock market ‘is going to boom’
U.S. President Donald Trump looks on after disembarking Air Force One as he arrives at Joint Base Andrews in Maryland, U.S., April 12, 2026. Kevin Lamarque | Reuters The Iran war is “very close to over” with authorities in Tehran eager to agree a peace deal, U.S. President Donald Trump claimed in an interview broadcast […]
Read More
Russia offers China energy lifeline as the Iran war strangles global supply
Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a reception, held on Victory Day marking the 80th anniversary of the victory over Nazi Germany in World War Two, at the Kremlin in Moscow, Russia, May 9, 2025. Mikhail Metzel | Via Reuters Russia has offered to help China with any potential […]
Read More