New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on December 15, 2025 in New York City. Michael M. Santiago | Getty Images New York state sued prediction market platform Kalshi on Friday, alleging that the company is running an “illegal gambling operation.” In a case…
Shares of Novo Nordisk nosedived as much as 10% after the drugmaker said a late-stage heart drug trial failed to reduce major cardiovascular events compared to a placebo. While the experimental medicine, ziltivekimab, did show some biological effect, it didn’t translate into a statistically meaningful reduction in so-called MACE, defined as cardiovascular death, non-fatal heart attack…
Vessels transiting through the Gulf of Oman are pictured off the coast of Muscat on July 25, 2026. – | Afp | Getty Images ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war. Chevron’s net income soared to $12 billion, a nearly 400% increase compared…
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…
TOPSHOT – Currency dealers monitor exchange rates in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on February 2, 2026. South Korea’s benchmark index Kospi tumbled more than five percent on February 2, in line with a sell-off across Asian markets amid fresh worries about an AI-fuelled tech rally that has…
Omar Marques | Lightrocket | Getty Images South Korea’s chip heavyweights SK Hynix and Samsung Electronics skyrocketed in Seoul on Friday, tracking a sharp rally in U.S. technology stocks after blockbuster earnings from Amazon and Microsoft revived optimism around artificial intelligence spending. SK Hynix was last trading over 25% higher, putting it on course for…
Jakub Porzycki | Nurphoto | Getty Images Coinbase shares dropped in extended trading on Thursday after the crypto platform posted a wider-than-expected loss for the second quarter, underscoring the continued troubles resulting from a deepening crypto winter despite its efforts to diversify revenue. Here’s how Coinbase performed in its quarter ended June 30, compared with what Wall…
Shares of Jersey Mike’s fell about 7% during trading on Thursday afternoon after the company made its public market debut on the New York Stock Exchange under the ticker “JMKE.” The stock opened at $21 per share, below its initial public offering pricing of $23 per share, at the midpoint of the expected range of…
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…
The battered $24 billion hedge fund founded by former OpenAI researcher Leopold Aschenbrenner is unwinding many of its trades after big losses on artificial intelligence stocks and a bad bet against software stocks left it scrambling to raise cash, according to people familiar with the matter. The prime brokers for the fund, Situational Awareness, have…
