Nine thousand people working long hours, six days a week, to meet a deadline for full production of memory chips by the first quarter of 2027. The workers know they can each make $200,000, maybe more. They seem united in their mission; no Potemkin village going up in Boise, Idaho. Just two state-of-the-art fabs for…
Treasury Secretary Scott Bessent will hold a press conference Monday to announce sanctions against Iran that he described to CNBC as the greatest campaign of “coordinated economic isolation in the history of the world.” “At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary,” Bessent said in an opinion piece…
It’s Nvidia earnings week, which means investors will get their clearest read yet on the AI boom. Oh, and there’s also the not-so-small matter of the Fed’s influential confab at Jackson Hole and what it could signal about the future path of interest rates. Those are the biggest market-moving events of the week, but we’ll…
Hakeem Jeffries, Minority Leader of the U.S. House of Representatives speaks during the CNBC CEO Council Summit in Washington D.C. on June 2, 2026. Aaron Clamage | CNBC Democratic House leader Hakeem Jeffries met with President Donald Trump‘s son-in-law Jared Kushner in recent weeks, signalling people close to the president may be preparing for at…
Geopolitical uncertainty in the Middle East and soaring bond yields weighed on global markets this past week. And investors are closely assessing the valuations of artificial intelligence stocks amid concerns about the sustainability of high spending on AI infrastructure. Despite those continued challenges, top Wall Street analysts are bullish on the prospects of several stocks…
Charles Scharf, chief executive officer of Wells Fargo & Co., and Jane Fraser, chief executive officer of Citigroup Inc. Caroline Brehman | Qilai Shen | Bloomberg | Getty Images Walk the halls of any major banking conference or listen in on a quarterly earnings call, and one topic keeps coming up: With the window for…
Traders celebrating at the New York Stock Exchange on April 15, 2026, as the S&P 500 closed above the 7,000 level for the first time. NYSE Equal-weight ETFs are having a moment. The investing approach isn’t new, but it has moved into the spotlight this year as many of the large-cap stocks that have driven…
Fiber optic cables feed into switches inside a communications room at an office in London, UK, on Monday, Oct. 13, 2025. Photographer: Jason Alden/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images A small power plant in the U.K. was shut down for four days in July following a cyberattack carried out by hackers…
United Airlines CEO Scott Kirby speaks during a media event showcasing the airline’s new premium “Elevated” aircraft interior at Los Angeles International Airport, March 24, 2026. Patrick T. Fallon | AFP | Getty Images NEWARK, New Jersey — Scott Kirby says he doesn’t believe in revenge. “Everyone thinks I do, but no, I don’t,” said…
Coca-Cola used its new Mixology dispenser to make refreshers at the National Restaurant Association show. Source: Coca-Cola ATLANTA — Coca-Cola is branching out into new customizable drinks and trend-driven equipment as consumers — and food service operators — increasingly want more options. Tucked away in an anonymous office park not far from its global headquarters…
