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Israel-Iran attacks and the 2 other things that drove the stock market this week
What was shaping up to be a relatively calm week quickly got volatile on Friday, following Israel’s overnight strike on Iran. Here is a closer look at the three biggest themes that defined the market this week. 1. Geopolitics: The attack on Iranian nuclear infrastructure rippled through financial markets on Friday. U.S. stocks sold off […]
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Oracle’s stock on pace for best week since 2001 on cloud momentum
Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025. Joe Raedle | Getty Images Oracle shares are on pace for their best week since 2001 as Wall Street cheers a strong earnings report and bullish comments on the company’s prospects in cloud computing. The stock is […]
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Scale AI’s Alexandr Wang confirms departure for Meta as part of $14.3 billion deal
Alexandr Wang, CEO of ScaleAI speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025. Gerry Miller | CNBC Scale AI founder Alexandr Wang told employees in a memo on Thursday that he’s leaving for Meta, confirming reports from earlier in the week about his departure and a large […]
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Scale AI plans to promote strategy chief Droege to CEO as founder Wang heads for Meta
FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019. Mike Blake | Reuters Scale AI plans to promote Chief Strategy Officer Jason Droege to serve as its new CEO, with founder Alexandr Wang heading to Meta as part of a multibillion-dollar deal with the company, CNBC […]
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AMD reveals next-generation AI chips with OpenAI CEO Sam Altman
Lisa Su, CEO of Advanced Micro Devices, testifies during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Advanced Micro Devices on Thursday unveiled new details about […]
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Oracle shares pop 15% to record high on earnings beat, cloud optimism
Larry Ellison, Oracle’s co-founder, chief technology officer and chairman, at right, and U.S. President Donald Trump share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House in Washington on Jan. 21, 2025. Trump announced an investment in artificial intelligence […]
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Why uranium mining is having a resurgence in the United States
From about the 1960s to the mid-1980s, the United States was a leader in uranium mining. But domestic production of the mineral, which is primarily used as fuel for nuclear reactors, has since fallen off a cliff. “A lot of this was because it was a government priority. And we strategically used government funding and […]
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Meta launches AI ‘world model’ to advance robotics, self-driving cars
Mark Zuckerberg, CEO of Meta Platforms. Artificial intelligence has been an integral focus for the tech giant’s leader amid competition from players like OpenAI, Microsoft and Google. David Paul Morris | Bloomberg | Getty Images Meta on Wednesday announced it’s rolling out a new AI “world model” that can better understand the 3D environment and […]
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CNBC Daily Open: Headwinds don’t seem to bother the U.S. stock market
Traders work on the floor of the New York Stock Exchange on June 10, 2025. NYSE The U.S. stock market appears a little too optimistic. All three major indexes climbed Wednesday, with the S&P 500 and Nasdaq Composite enjoying their third consecutive session in the green. The S&P, in fact, is around 2% away from […]
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Zuckerberg makes his biggest AI bet as Meta nears $14 billion stake in Scale AI, hires founder Wang
Mark Zuckerberg arrives before the inauguration of Donald Trump as the 47th president of the United States takes place inside the Capitol Rotunda of the U.S. Capitol building in Washington, D.C., Monday, Jan. 20, 2025. Kenny Holston | Via Reuters Mark Zuckerberg is so frustrated with Meta’s standing in artificial intelligence that he’s willing to […]
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