Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. Altaf Qadri | AP The U.S. blockade of the Strait of Hormuz is not only squeezing Iran but also ratcheting up pressure on two of its most consequential relationships in Asia…
Meta and Broadcom on Tuesday announced a sweeping deal that extends an existing partnership between the two companies for the design of Meta’s custom in-house AI accelerators through 2029. At the same time, Meta said Broadcom’s CEO, Hock Tan, told Meta last week that he has decided not to stand for reelection to Meta’s board…
Nvidia CEO Jensen Huang delivers the keynote address at the GTC AI Conference in San Jose, California, on March 18, 2025. Josh Edelson | Afp | Getty Images Nvidia stock is on a tear, rising more than 18% over the past ten days. It’s the longest winning streak the artificial intelligence chip giant has seen…
U.S. President Donald Trump speaks at an event about the economy at the Circa Resort and Casino in Las Vegas, Nevada, U.S., January 25, 2025. Leah Millis | Reuters The National Republican Congressional Committee on Tuesday launched a digital ad campaign in 14 competitive congressional districts across 11 states touting GOP-led tax breaks. The campaign,…
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot of what I’m seeing and hearing from local businesses. Today, I talk to a smart glasses exec about why price-conscious Chinese consumers are paying $100 more for AI frames. What’s his strategy for…
In an aerial view, the Netflix logo is displayed above Netflix corporate offices on October 7, 2025 in Los Angeles, California. Mario Tama | Getty Images There’s a love affair on Wall Street between investors and streaming. The romance started about a decade ago when consumers began cutting the cord with cable TV bundles en…
OpenAI’s newly appointed revenue chief, Denise Dresser, sent a memo to staffers on Sunday, touting the company’s alliance with Amazon as a key growth driver for its enterprise business, while noting the constraints of its long-standing tie-up with Microsoft. Dresser’s memo lands less than two months after Amazon announced plans to invest up to $50…
We have so many struggles going on right now that it’s hard to believe the market can stay up at this level for much longer. It’s a visceral moment where the losses mount quickly if you are on the wrong side of the trade. We all know that it’s time to embrace the bear, right?…
The S & P 500 posted its best week since November, sparked by the United States and Iran agreeing to a temporary ceasefire. President Donald Trump announced a two-week pause in attacks on Iran late Tuesday, which sent equities soaring. The S & P 500 surged 2.5% on Wednesday, while the Nasdaq jumped 2.8%. The…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks gave up earlier gains and edged lower Friday afternoon , putting the S & P 500’s seven-day winning streak at risk. It’s been a strong…
