In pushing back against mass autonomous vehicle deployment efforts, labor unions have found an unlikely ally — Uber. A controversial bill currently being considered by the Washington, D.C. Council is a prime example of where this emerging political alliance is being tested. The D.C. bill, known as the “Autonomous Vehicle Deployment Authorization Amendment Act,” would…
The conglomerate that Warren Buffett built rallied to an eight-month high this week. There could be more gains ahead if they play catch up with the S&P 500. Source link
Best Buy is at a critical juncture as the consumer electronics retailer aims to revitalize its performance under incoming CEO Jason Bonfig, who spoke exclusively with CNBC about his strategy for the company. The company has been struggling with slumping sales over the past few years, which it has attributed to lower consumer confidence, less…
Almost four years into the artificial intelligence boom, the world’s biggest tech companies are still making grand promises about the future. The problem is, they’re burning through their cash in the process. AI spending among the megacaps is projected to reach $765 billion this year, before rising to nearly $1.2 trillion in 2027, according to…
GM began rolling out Google’s Gemini in eligible model year 2022 and newer Cadillac, Chevrolet, Buick and GMC vehicles in the U.S. earlier this year with Google Built‑in. Courtesy GM DETROIT — General Motors plans to launch its own in-vehicle artificial intelligence system that’s better tailored for its customers later this year. The new GM…
Traders work on the floor of the New York Stock Exchange during morning trading on July 24, 2026 in New York City. Michael M. Santiago | Getty Images Investors are becoming more willing to increase their exposure to international equities, as concerns over the dominance of the “Magnificent Seven” technology giants encourage diversification away from…
Amazon reported better-than-expected revenue and cloud growth for the second quarter. The stock shot up more than 9% in extended trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $5.75 a share. That may not compare with the $1.82 per share expected by LSEG Revenue: $200.61 billion…
Apple CEO Tim Cook at the World Economic Forum annual meeting in Davos, Switzerland, Jan. 20, 2026. Ludovic Marin | AFP | Getty Images Earnings on deck this afternoon for Apple and Amazon will likely decide if the stock market can end what’s so far been a rough week on solid footing. Follow CNBC’s live…
A general view of the Peacock logo on a microphone during the Big East Women’s Basketball Tournament Championship game between the University of Connecticut Huskies and the Villanova Wildcats on March 9, 2026, at Mohegan Sun Arena in Uncasville, Connecticut. Erica Denhoff | Icon Sportswire | Getty Images NBCUniversal’s announcement this week that it’s struck a…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. The success of Gen Z protests in India has handed a surprise victory to Mark Zuckerberg’s Meta, cementing its position as the most influential…
