A view of a Toyota RAV4 Hybrid on display before the game between the Washington Nationals and the Tampa Bay Rays against the at Nationals Park on April 03, 2023 in Washington, DC. ( G Fiume | Getty Images DETROIT — Second-quarter U.S. vehicle sales are turning into a tale of haves and have nots,…
Dan Ives, Wedbush Securities analyst. Scott Mlyn | CNBC Dan Ives, one of Wall Street’s most recognizable technology analysts, is leaving his longtime role at Wedbush Securities to launch a merchant bank aimed at combining research, advisory, capital raising and investing under one roof. Ives, who has spent the past eight years at Wedbush and…
Palantir CEO Alex Karp on Wednesday criticized the token model used by U.S. artificial intelligence labs Anthropic and OpenAI as costs skyrocket. “I’m not throwing shade at them, but something has gone completely wrong,” he told CNBC’s “Squawk Box.” “The basic view among enterprises in this country is I’m going to chillax and waste my…
A worker at Ford’s Kentucky Truck Plant on April 30, 2025. Michael Wayland | CNBC The U.S. automotive industry is entering a new phase of uncertainty as the Trump administration said the USMCA trade agreement between the United States, Mexico and Canada will not extended by Wednesday, triggering what could be a yearslong review process…
President Donald Trump signs executive orders relating to higher education institutions, alongside Secretary of Education Linda McMahon, right, in the Oval Office of the White House in Washington, April 23, 2025. Saul Loeb | Afp | Getty Images Student loan borrowers don’t need to worry about losing eligibility for Public Service Loan Forgiveness based on…
President Donald Trump on Wednesday brushed off questions about the staggering amount of money reported in his sprawling 2025 financial disclosure, saying his investment decisions are made by outside parties and he’s only profiting because the stock market is up. “I don’t get involved in my personal — we have funds that run my money,”…
PlayStation games are displayed at the Best Buy store on February 27, 2024 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images PlayStation will soon end physical disc production for all new games released on its consoles, the company announced Wednesday morning. Starting January 2028, new games released on the Sony-owned…
The New York Stock Exchange welcomes executives and guests of Coupang on March 11, 2021, in celebration of the company’s initial public offering. NYSE The South Korean government has used its regulatory authority to discriminate against U.S. companies and has waged an unprecedented campaign against online retailer Coupang, according to a House Judiciary Committee report…
Homes in Daly City, California, US, on Tuesday, May 19, 2026. Jason Henry | Bloomberg | Getty Images Overall mortgage demand flattened last week, as interest rates continue to hover in a narrow range. Borrowers are also pulling back from riskier loans, as they are offering smaller advantages. Total mortgage application volume increased 0.04% last…
Traders work at the New York Stock Exchange on June 26, 2026. NYSE The tech sector emerged as a clear winner in the first half of 2026. But while U.S. Big Tech stocks enjoyed strong gains — despite a sharp sell-off at the end of June — they were largely outperformed by their international counterparts….
