Nvidia stock closes at record, pushing market cap past $5 trillion
Nvidia’s stock closed at its first record since October, as a rally in Intel pushed chipmakers higher.
Google to invest up to $40 billion in Anthropic as search giant spreads its AI bets
Anthropic said its latest agreement with Google expands on a longstanding partnership between the two companies.
Intel’s stock soars more than 20% as chipmaker shows signs of a turnaround
Shares of Intel have more than doubled this year on optimism that backing from the government will help the company’s position in AI.
Analysis: The threat to the Fed’s independence isn’t over
President Donald Trump has waged a long campaign to rein in the Fed. Prosecutors’ decision to drop an investigation into Jerome Powell isn’t the end.
Bessent defends U.S. dollar swap lines as Iran war harms global finances
President Donald Trump, asked on CNBC’s “Squawk Box” this week about a possible UAE swap line, appeared to say he is in favor of it.
20,000 job cuts at Meta, Microsoft raise concern that AI-driven labor crisis is here
Meta said it’s cutting 10% of its workforce, just as Microsoft announced that it’s offering employee buyouts for the first time in its 51-year history.
Stocks making the biggest moves midday: Intel, AMD, Charter, Hims & Hers, Eli Lilly and more
These are the stocks posting the largest moves in midday trading.
AMD shares soar 12% on no company news. Here’s what has investors so excited
Intel’s strong quarter is driving sharp gains in another chipmaker.
DOJ drops criminal probe of Fed Chair Powell, removes hurdle for Warsh confirmation
President Donald Trump’s nomination of Kevin Warsh to replace Federal Reserve Chair Jerome Powell had been effectively blocked because of the investigation.
Musk v. Altman heads to court next week. Here’s what’s at stake
The high-profile trial between Elon Musk and Sam Altman is scheduled to begin Monday with jury selection.