A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates fell last week to the lowest level since April, leading current homeowners to seek savings. Applications to refinance a home loan rose 7% last week compared with the previous week, according to the…
An Amazon worker on the picket line during a strike over pay at the Amazon.com Inc. fulfilment center in Coventry, U.K., on Feb. 28, 2023. Bloomberg | Bloomberg | Getty Images Amazon announced Monday its millionth worker robot, and said its entire fleet will be powered by a newly launched generative artificial intelligence model. The…
Tourists and domestic visitors in the West End at Leicester Square outside the Greggs bakery which is known as the Mega Greggs on 28th July 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images U.K. high-street baker Greggs, famed for its sausage rolls and hot savoury bakes, warned on Wednesday that…
Employees at a coal mine in China’s Shaanxi province sit in an office to use digital systems for mining work, according to a photo taken on April 26, 2023, during a media tour organized by Chinese telecoms giant Huawei. Wang Zhao | Afp | Getty Images This report is from this week’s CNBC’s The China…
William_potter | Istock | Getty Images The latest version of U.S. President Donald Trump’s “big beautiful bill” could make it cheaper for semiconductor manufacturers to build plants in the U.S. as Washington continues its efforts to strengthen its domestic chip supply chain. Under the bill, passed by the Senate Tuesday, tax credits for those semiconductor…
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car startup Xpeng is keeping up the sales momentum against its rivals, even as BYD expands on its market dominance amid a fierce price war…
Elon Musk, chief executive officer of Tesla Inc., during a meeting between US President Donald Trump and Cyril Ramaphosa, South Africa’s president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Wednesday, May 21, 2025. Jim Lo Scalzo | Bloomberg | Getty Images Tesla shares have dropped 7% from…
A person walks past a sign of the Brown University, in Providence, Rhode Island, U.S., March 17, 2025. Brian Snyder | Reuters The House Judiciary Committee issued subpoenas Tuesday to Brown University and the University of Pennsylvania, demanding additional documents from the schools as part of an ongoing probe into alleged antitrust violations in Ivy…
CNBC’s Jim Cramer on Tuesday pointed out that three megacap tech names managed to exit the first half of the year at all-time highs: Microsoft, Nvidia and Meta. He reviewed each company and explained why he thinks they have outperformed their “Magnificent Seven” peers. “Not FANG. Not Magnificent Seven. Just M-N-Ms,” Cramer said. “The sole…
Amazon founder Jeff Bezos leaves Aman Venice hotel, on the second day of the wedding festivities of Bezos and journalist Lauren Sanchez, in Venice, Italy, June 27, 2025. Yara Nardi | Reuters Amazon founder Jeff Bezos unloaded more than 3.3 million shares of his company in a sale valued at roughly $736.7 million, according to…
