In a major case between Meta and 52 attorneys general across the U.S. alleging the social media giant knowingly designed products that were harmful and addictive to kids, the two sides settled on Wednesday, with the Facebook and Instagram parent company agreeing to pay about $17 billion. It’s one of multiple trials related to alleged…
Nvidia‘s near-monopoly over the most advanced AI chips is under “threat” as OpenAI’s and other tech giants announce custom-built semiconductors, analysts told CNBC. Follow CNBC’s live coverage of Nvidia’s 2027 second-quarter earnings OpenAI announced that its first AI chip, the Jalapeño, had “industry-leading speed and efficiency,” as it unveiled the semiconductor on Tuesday. Google, AWS…
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. The S & P 500 is basically flat on Wednesday as the market awaits several key tech earnings reports after the bell, including Nvidia . Oil…
Meta and coalition of state attorneys general have settled a major federal trial centering on allegations that the social media giant misrepresented the extent of child-related mental health harms caused by apps like Facebook and Instagram. The settlement was revealed a court filing released Wednesday that details several requirements Meta must make to its apps…
Singapore-based Vertex Ventures, backed by Singapore state investor Temasek, has made investments in Chinese robotics startups, including Unitree Robotics. SINGAPORE — Chinese robotics companies shut out of the U.S. by new restrictions on advanced robots can still reach American buyers by building genuine operations in Singapore, according to a Temasek-backed venture firm that counts humanoid…
Meta Platforms ‘ mounting legal battles over allegations that it fostered addictive behavior in kids have become a headline risk for the already troubled Club stock. But like Jim Cramer, Bank of America warns investors against letting the courtroom drama overshadow the long-term opportunity. “While the stock is down on [California] trial headlines, we believe…
Nine thousand people working long hours, six days a week, to meet a deadline for full production of memory chips by the first quarter of 2027. The workers know they can each make $200,000, maybe more. They seem united in their mission; no Potemkin village going up in Boise, Idaho. Just two state-of-the-art fabs for…
Traders celebrating at the New York Stock Exchange on April 15, 2026, as the S&P 500 closed above the 7,000 level for the first time. NYSE Equal-weight ETFs are having a moment. The investing approach isn’t new, but it has moved into the spotlight this year as many of the large-cap stocks that have driven…
President Donald Trump disclosed just over 1,000 financial transitions for the month of June in what appears to be broad reshuffling of his portfolio. The president rotated in and out of stocks, bonds and exchange-traded funds throughout the month. The transactions totaled between $78.1 million and $263.1 million, according to Trump’s latest filing on Aug….
Judge Yvonne Gonzalez Rogers, district judge of the US District Court for the Northern District of California, attends a panel discussion at the annual American Bar Association (ABA) Antitrust Spring Meeting in Washington, DC, on April 2, 2025. Drew Angerer | Afp | Getty Images It’s been a crazy four months for Yvonne Gonzalez Rogers….
