Nowhere to hide: Tech selloff hits software and chip stocks alike
The software and semiconductor sectors haven’t been trading in tandem much this year, but they collectively fell Friday as AI and interest-rate fears hit the market.
Business
5 midterm money takeaways: Democrats have candidate cash. Republicans have Elon Musk
One of the last big campaign-finance snapshots before the Nov. 3 Election Day is now available, and both political parties found something to like. But campaign cash is flowing in very different ways — and, on balance, …
Tesla Earnings Face a Margin Test After Strong Q3 Deliveries
On Thursday, October 15, Tesla shares fell 1.29% to $362.44 amid executive departure reports and regulatory scrutiny of its Cybercabs. While Q3 deliveries beat consensus with 486,532 vehicles, inventory reduction drove …
Weak North American Cocoa Demand Hammers Prices
December ICE NY cocoa (CCZ26 ) closed down -186 (-3.19%) on Friday, and December ICE London cocoa #7 (CAZ26 ) closed down -141 (-3.23%). Cocoa prices sold off sharply on Friday on news of weaker-than-expected Q3 North A…
Wall Street's fear gauge is ripping. Traders see it going even higher
The sell-off in AI-related stocks pushed the Cboe Volatility Index (VIX) above 22 for the first time in four months. A cluster of trades suggests it could go even higher.
Katie Zacharia out as Trump's White House press secretary
New White House press secretary Katie Zacharia is leaving her job after just five days in the face of criticism over her performance, a White House official confirmed to CNBC on Friday.
This Senate race where data centers are a crucial issue has more spending than any other midterm clash
Senator Susan Collins defended her integrity after Democratic challenger Troy Jackson linked her to billionaire donors and major technology companies during a clash over artificial intelligence and data centers Tuesday,…
Global Weather Risks Push Coffee Prices Sharply Higher
December arabica coffee (KCZ26 ) closed up +10.80 (+3.66%) on Friday, and November ICE robusta coffee (RMX26 ) closed up +39 (+1.16%). Coffee prices rallied sharply on Friday, with arabica posting a 5-week high. Concern…
Brent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries
Crude oil prices rose sharply Friday as Iran escalated attacks in the Strait of Hormuz, Houthi militants fired missiles at Saudi Arabia and Ukraine vowed to keep striking Russian refineries.
CoreWeave’s Surging Revenue Fails to Offset Earnings Concerns
On October 15, TSMC reported Q3 2026 financial results, with consolidated revenue reaching NT$1.494 trillion and EPS surging 68.7% year-over-year to NT$29.43, both exceeding market expectations. Despite this record prof…
Here's who Netflix just brought in to run content — and what it means for the streamer
On Thursday, the streaming giant announced that former Disney executive Peter Rice will take over as the company's chief content officer, overseeing global content organization, including scripted and unscripted series,…
Trump says White House didn't order Starlink restrictions in Ukraine
President Donald Trump on Friday denied that the White House had ordered restrictions this week on Starlink satellite internet services provided to Ukraine's armed forces.
Apple’s $1,999 iPhone Duo puts the company's status-symbol power to the test
Apple's iPhone Duo, its most expensive iPhone ever, went up for preorder Friday, with launch-day pickup inventory selling out and some online delivery estimates already slipping into late January.
Seagate Vs. Western Digital: 2 Data Storage Stocks Benefiting From AI Growth
Micron Technology (MU) has made plenty of headlines this year… and understandably so.
Here’s how the Fed should reveal its outlook for the economy
As Chairman Kevin Warsh looks to revamp the central bank’s communication strategy, the dot plot is ripe for change.
Why Trump and the GOP's billion-dollar midterm blitz isn’t working
A billion-dollar war chest was meant to be Republicans' great equalizer heading into a bleak midterm election environment defined by economic frustration, President Donald Trump's unpopularity and fallout from the war i…
OpenAI Saudi national bugging case shows threat to U.S. leadership in AI: DNI Clayton
U.S. companies and the Trump administration both "need to be wary" of foreign espionage attempts as the race for artificial intelligence dominance continues, Director of National Intelligence Jay Clayton told CNBC on Fr…
Stocks are Mixed on Rotation Out of Chipmakers and AI Stocks
The S&P 500 Index ($SPX ) (SPY ) is up by +0.03% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.82%. December E-mini S&P futures (ESZ26 ) are…
U.S. presses China on Mastercard, Citigroup market access in bilateral Bangkok talks, official says
BANGKOK – U.S. officials pressed Beijing on market access issues for Mastercard Inc and Citigroup Inc during at least two bilateral meetings with Chinese counterparts in Bangkok this week, according to a U.S. Treasury o…
Europe's answer to SpaceX pops 19% as Ukraine's Starshield limits raise concerns
Shares of French Satellite Group Eutelsat soared this week as SpaceX's Starshield drew criticism after the Ukrainian military's access to its systems was suddenly restricted.
I watched Nvidia's Jensen Huang work the room in London. He brought big checks — and a blunt message
In an old converted church in West London on Wednesday night, Huang stood on a pop-up stage in front of politicians, investors, tech execs and journalists, announcing the chip giant was taking stakes in five U.K. startu…
Here's how the CoreWeave sell-off is affecting OpenAI vs. Anthropic valuations
The spread is widening between AI leaders OpenAI and Anthropic as a sell-off in CoreWeave leads neocloud stocks lower.
‘It’s a wait-and-see situation’: I’m 63 and diagnosed with lymphoma. Should I take my Social Security next year?
“My plan is to continue working as long as I’m able to do so and invest my Social Security benefits while I’m still earning a paycheck.”
Elon Musk cash infusion helps GOP Senate super PAC raise record $273 million
The Senate Leadership Fund, the Republican Party's leading Senate super PAC, posted the largest quarterly haul in its history and entered the final weeks before the Nov. 3 midterm election with more than $155 million in…