Secretary of Commerce Howard Lutnick testifies during a during a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on the Commerce Department’s 2027 budget request in Washington, DC on April 22, 2026. Nathan Posner | Anadolu | Getty Images Read more CNBC politics coverage Lutnick’s interview began around 11 a.m. ET. The…
Nvidia, the chipmaker at the center of the artificial intelligence boom, is partnering with glassmaker Corning for three new advanced manufacturing facilities in North Carolina and Texas dedicated entirely to optical technologies for the world’s most valuable semiconductor company. The factories will lead to the creation of at least 3,000 jobs and increase Corning’s U.S….
With companies spending more than ever on artificial intelligence, they are also tracking how employees use AI in unprecedented detail. Yet many CEOs hope, but still can’t tell, if it’s making workers more productive. More than two-thirds of enterprises still rely on estimates, like time saved or projected cost reductions, rather than measured financial results…
Artificial intelligence startup Sierra is raising nearly a billion dollars in a new funding round, CNBC has learned, as venture capital investors search for winners in an ongoing deal spree. The San Francisco-based company brought in $950 million in fresh capital at a $15.8 billion post-money valuation, led by Tiger Global and Google’s GV. Benchmark,…
COPENHAGEN, Denmark — The Nordics, long seen as a magnet for data center investment thanks to their stable climate and abundance of renewable energy, are now weighing limits on the growth of the power-hungry facilities as surging energy demand forces a rethink. At the center of the debate is Denmark, the first of the Nordics…
Hefty upfront costs, issues disposing of radiation and waste, and memories of terrible accidents have all contributed to Europe’s reluctance to embrace nuclear energy in recent decades. But the effective closure of the Strait of Hormuz amid the U.S.-Iran war has exposed the continent’s vulnerability to disrupted energy imports – and nuclear may offer Europe…
I am growing tired of the endless bubble talk about all of the data center spending. It’s obvious from this quarter that the bubble talk has been proven wrong; try getting someone to say that, though. So, who do I think I am to go there? Just an observer. One who believes that this was…
Elon Musk arrives to court at the Ronald V. Dellums Federal Building on April 30, 2026 in Oakland, California. Benjamin Fanjoy | Getty Images A week into the Musk v. Altman trial, which features two towering figures in the tech industry facing off in a case that could have major implications for OpenAI, the plaintiff…
Yet another record week for stocks. Strong first-quarter earnings and a war-driven spike in oil made for another historic week on Wall Street. Investors also made sense of a spate of economic data and the Federal Reserve’s latest interest rate decision. The S & P 500 and Nasdaq Composite gained 0.9% and 1.1%, respectively, over…
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. It’s a new month, but it’s more of the same for the S & P 500. The broad index is on its way to another record…
