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Bitcoin is under pressure after a brutal week. Here’s why
Justin Tallis | Afp | Getty Images Bitcoin extended losses on Monday as the world’s biggest cryptocurrency fell below $80,000 for the first time since April 2025. Bitcoin was trading at $77,494.65 at 05:43 a.m. ET on Monday, according to CoinMetrics. Bitcoin fell as low as $74,876 but later pared some of the losses. The […]
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Oracle dips 3% after announcing $50 billion fundraising plans. Here’s why
Data center giant Oracle‘s stock took a 3% hit in early premarket on Monday, after the company announced plans to raise up to $50 billion to develop additional capacity for customers, and an analyst said the company was considering laying off thousands to free up cash flow. Hyperscalers have scrambled to build the infrastructure needed […]
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India courts Big Tech with long‑term tax breaks as it doubles down on AI ambitions
Union Finance Minister Nirmala Sitharaman with Union Minister of State for Finance Pankaj Chaudhary and other officials outside the Finance Ministry prior to the presentation of the Union Budget 2026-27 at Kartavya Bhavan on Feb. 1, 2026 in New Delhi, India. Hindustan Times | Hindustan Times | Getty Images India has announced a 20-year tax […]
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Here is what caused the wild swings in our 34-stock portfolio last week
The S & P 500 closed lower on Friday but slightly higher for the week. It briefly topped 7,000 for the first time ever Wednesday. There was no storage of news: Ten portfolio names, including three of our megacaps, reported earnings throughout the week; the Federal Reserve held interest rates steady on Wednesday; software stocks […]
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Judge signals Musk’s xAI may lose lawsuit accusing Altman’s OpenAI of stealing trade secrets
Sam Altman, CEO of OpenAI (L) and Elon Musk, CEO of Tesla. Reuters A federal judge signaled on Friday she may dismiss a lawsuit by Elon Musk’s artificial intelligence startup xAI accusing Sam Altman’s rival OpenAI of stealing trade secrets to gain an unfair advantage in developing AI technology. U.S. District Judge Rita Lin in […]
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Buzz about Broadcom’s custom chips is testing, but not breaking Nvidia’s dominance
If money were not a factor, a Google software engineer says custom chips, like those from Broadcom , would always be his default selection to build cutting-edge artificial intelligence models. “I am a hundred percent using a custom chip of some sort if resources are not a constraint and I need to move fast and […]
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Trump picks Warsh, Apple earnings, the software bear market and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. President Donald Trump has made his decision on who he’ll nominate to be the Federal Reserve’s next chair, and it turns out that it was one of the “Kevins” after all. Stock futures are lower this morning. The S&P 500 […]
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Microsoft tumbled 10% in a day and isn’t recovering premarket. Here’s why
Key Points Microsoft’s stock saw its biggest daily decline since 2020 on Thursday, falling 10%. The stock is up 0.5% premarket on Friday. The share slide wiped $357 billion off the software giant’s market cap. Analysts attributed the move to company’s cloud computing business growing slightly slower than expected. Microsoft’s stock isn’t recovering in Friday’s […]
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CNBC Daily Open: We’ll soon find out who the new Fed chair is
A digger sits at the construction site of the Federal Reserve headquarters, after U.S. President Donald Trump renewed his threat to bring a lawsuit against Federal Reserve Chair Jerome Powell over Powell’s management of renovations of the building, in Washington, D.C., U.S., January 12, 2026. Kevin Lamarque | Reuters The current moment feels like the finale […]
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Gold prices fall over 4%; Asia-Pacific shares trade mixed after Trump says he will name new Fed chair
Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images Gold and silver prices fell on Friday after hitting a record high on Thursday. Spot gold prices declined over 4% to $5,156.64 per ounce. The yellow metal remained around 20% higher year to date. Silver […]
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