Fidji Simo, chief executive officer of Instacart Inc., speaks during a Bloomberg Studio 1.0 interview in San Francisco, California, U.S., on Thursday, March 3, 2022. David Paul Morris | Bloomberg | Getty Images Fidji Simo, OpenAI’s product and business chief, on Thursday announced she is stepping down from her role at the artificial intelligence company to focus…
A welcoming sign at President Donald J. Trump International Airport in West Palm Beach, Florida, July 9, 2026. Marco Bello | Reuters The airport in West Palm Beach, Florida, has officially been renamed after President Donald Trump, the first time an airport has been named after a sitting U.S. president. Effective Thursday, the facility will…
High mortgage rates coupled with record-high prices are causing homebuyers to pull back. Sales of previously owned homes in June dropped 2.4% from May to 4.09 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts were predicting a slight gain month over month. June sales were, however,…
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Thursday reported mixed quarterly results as the struggles of its North American food and beverage divisions offset strong international demand. “Results were tempered in the quarter as U.S. food and beverage category performance moderated with…
A view of Levi Strauss & Co. headquarters on July 8, 2026, in San Francisco, California. Heather Diehl | Getty Images Levi Strauss beat Wall Street’s quarterly expectations on the top and bottom lines on Wednesday, leading the retailer to increase its guidance and its dividend. The denim maker is now expecting full-year adjusted earnings…
Michael Burry attends the premiere of “The Big Short” at Ziegfeld Theatre on Nov. 23, 2015 in New York. Dimitrios Kambouris | Getty Images Michael Burry of “The Big Short” fame said he bought shares of regulated sports-betting operators DraftKings and Flutter Entertainment, anticipating regulators will eventually crack down on prediction markets after competition from…
Tesla EVs recharge at a Tesla Supercharger station on July 2, 2026 in South Pasadena, California. Mario Tama | Getty Images DETROIT – The Iran war and high U.S. gas prices are causing a surge in demand for used all-electric vehicles, which is making the pre-owned vehicles more expensive, according to Cox Automotive. The company…
In an aerial view, a residential neighborhood is seen on June 4, 2026 in Pembroke Pines, Florida. Joe Raedle | Getty Images Mortgage rates have been hovering in a tight range for more than a month, and that range is on the relatively high side. As a result, mortgage demand isn’t moving much either. Total…
CEO of OpenAI Sam Altman (L) and U.S. President Donald Trump attend a working lunch with G7 leaders, G7 outreach partners, and global tech CEOs on innovation and AI, during the G7 Summit on June 17, 2026 in Evian-les-Bains, France. Anna Moneymaker | Getty Images OpenAI has proposed handing the U.S. government a 5% stake…
CNBC’s Jim Cramer said investors who feel they’ve missed this year’s biggest winners should be thankful for Wednesday’s market rotation. “You are getting a chance to sell the losers at a premium and switch to winners at a discount,” the “Mad Money” host said Wednesday. “So often in this market, you look back and kick…
