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Trump admin to hire 1,000 specialists for ‘Tech Force’ to build AI, finance projects
The Trump administration on Monday unveiled a new initiative dubbed the “U.S. Tech Force,” comprising about 1,000 engineers and other specialists who will work on artificial intelligence infrastructure and other technology projects throughout the federal government. Participants will commit to a two-year employment program working with teams that report directly to agency leaders in “collaboration […]
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Market rotation, the Fed’s Kevins, Netflix’s ‘Star Wars’ moment and more in Morning Squawk
Traders work on the floor of the New York Stock Exchange on Dec. 11, 2025, in New York City. Spencer Platt | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Cold front Rotation […]
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CNBC Daily Open: U.S. stocks retreat from highs as Broadcom leads tech sell-off
Signage at the Broadcom Inc. headquarters in San Jose, California, U.S., on Monday, June 2, 2025. David Paul Morris | Bloomberg | Getty Images The sell-off in artificial intelligence stocks continued unabated Friday stateside. Broadcom shares tumbled more than 11% as investors grew concerned over lower margins and uncertain deals. Names such as Nvidia, Advanced […]
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CNBC Daily Open: Investors sell off tech despite steady Broadcom numbers
Signage at the Broadcom Inc. headquarters in San Jose, California, U.S., on Monday, June 2, 2025. David Paul Morris | Bloomberg | Getty Images The sell-off in artificial intelligence stocks continued unabated Friday stateside. Broadcom shares tumbled more than 11% as investors grew concerned over lower margins and uncertain deals. Names such as Nvidia, Advanced […]
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Broadcom and Costco’s rich valuations leave little room for error as battleground stocks
Sometimes the stakes are so high, the degree of difficulty so immense, that it simply may be too hard to game. When that’s the case, no amount of formal research will help you fathom the stock implications. Yet, you have inherited the issues and they must be dealt with — or you are too at […]
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Bank of America recommends these stocks because of their link to trends like the high-end consumer
Bank of America discussed a bunch of stocks recently that it likes for 2026, especially those leveraged to trends like the high-end consumer. The Wall Street investment bank likes positive trends emerging for names such as Visa, Penske, Ollie’s and Goldman Sachs . Penske Automotive Group Analyst Alexander Perry reinstated coverage of the auto retailer […]
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Here are 4 major moments that drove the stock market last week
The S & P 500 ran into a brick wall Friday and finished the week lower, just one day after closing at a record high. The rotation out of tech stocks, which supported the Dow , was on full display. The across-the-board rally on Wednesday after the Federal Reserve cut interest rates for the third […]
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Trump’s AI order may be ‘illegal,’ Democrats and consumer advocacy groups claim
President Donald Trump and his tech allies say that his new executive order to establish a national framework for artificial intelligence regulation will give the U.S. an edge over China in the AI war and pave the way for innovation. But Democratic lawmakers and state officials, as well as consumer advocacy groups, are raising alarms […]
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Broadcom earnings, Lululemon CEO steps down, ‘fibermaxxing’ and more in Morning Squawk
FILE PHOTO: A Broadcom logo and a computer motherboard appear in this illustration taken August 25, 2025. Dado Ruvic | Reuters This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Chip types The S&P 500 and […]
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European markets rise as Wall Street sentiment spills over
LONDON — European markets were in positive territory on Friday, buoyed by Wall Street’s record-breaking rally on Thursday. The pan-European Stoxx 600 was 0.4% higher at 9:42 a.m. in London (4:42 a.m. ET). Global investors will be watching the latest developments between Ukraine and Russia on Friday amid warnings by NATO Secretary General Mark Rutte that […]
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