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Anthropic CEO Dario Amodei looks on after a meeting with French President Emmanuel Macron during the AI Impact Summit in New Delhi on February 19, 2026. Ludovic Marin | Afp | Getty Images A version of this article appeared in CNBC’s Inside Wealth newsletter, a weekly guide to the high-net-worth investor and consumer. Sign up to receive

As Anthropic rushes to takes its shares public, the AI trade is showing cracks, and they are not confined to fringe players.  We recently wrote about CoreWeave, which fell 15.5% on Oct. 14 as yields on its 2032 notes touched 15%, and its default-swap spreads nearly doubled in October. IREN is down more than 20%

John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during a Bloomberg Television interview in New York, US, on Tuesday, April 7, 2026. Michael Nagle | Bloomberg | Getty Images New York Federal Reserve President John Williams said Tuesday that he doesn’t see additional rate hikes in 2027 after

Microsoft shares rose 4% in extended trading on Wednesday after the company reported better-than-expected quarterly results, driven by 48% growth in its Azure cloud infrastructure business. Here’s how the company fared relative to LSEG consensus: Earnings per share: $4.89 adjusted vs. $4.73 expected Revenue: $92.28 billion vs. $90.69 billion expected Microsoft’s revenue grew 19% year

Frontier Airlines reported a 71% increase in airfare in the third quarter as the country’s largest budget airline tried to pass along an even bigger jump in jet fuel prices. Frontier’s fare revenue averaged $67.82 per passenger in the third quarter, compared with $39.74 last year. Including the budget airline’s many fees, such as for

Robinhood shares were down around 8% in pre-market trading on Wednesday as investors digested weaker-than-expected third-quarter earnings despite growth in options trading and prediction markets. Here’s how the brokerage performed in its quarter ended Sept. 30, compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: 51 cents vs. 56

A version of this article appeared in CNBC’s Inside Wealth newsletter, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. As the yachting industry prepares for the Fort Lauderdale International Boat Show this week, executives are betting that the American wealth machine can continue to power the

The recent sell-off in aerospace stocks could be creating opportunities for investors willing to look beyond the industry’s near-term challenges, CNBC’s Jim Cramer said Tuesday. The group has been under pressure for months as higher oil prices and interest rates raise concerns about demand for new aircraft. Rising fuel costs squeeze airline profits — potentially

Jamie Dimon, CEO of JP Morgan, and Mark Zuckerberg, CEO of Meta. Getty Images JPMorgan Chase won’t allow outside artificial intelligence agents to access customer accounts and operate on their behalf, CEO Jamie Dimon said Tuesday, citing risks to the company and its customers as tech firms including Meta release autonomous assistants. “We’re not going

Ripple and Robinhood Getty Images Ripple has struck a deal with Robinhood to expand the reach of its digital dollar, RLUSD, strengthening trading and financing links between their institutional businesses and improving Robinhood’s internal money management. The partnership involves using RLUSD to settle institutional trades, automate Robinhood’s treasury operations and expand access to digital asset

JetBlue Airways reported a bigger loss in the third quarter compared with last year, but the New York carrier said strong travel demand is helping to offset higher fuel prices as it seeks to calm investors after shares fell to a new low Monday. JetBlue stock soared roughly 11% in after-hours trading Monday. JetBlue on

Europe’s largest bank HSBC on Tuesday announced a share buyback of up to $1 billion and reported third-quarter pretax profit that largely met analysts’ estimates. Revenue at HSBC rose to $18.6 billion from $17.8 billion in the same period last year, while banking net interest income rose 6%, alongside the bank clocking higher fee income

BEIJING — Equity investors are skeptical of Chinese companies’ rapid expansion overseas, according to Goldman Sachs. The “market wants to look for profitable expansions,” Trina Chen, co-head of Greater China equity research at Goldman Sachs Research, said on a podcast that the investment bank published Tuesday. Sluggish consumer demand in China has pushed many companies,

Anthropic’s logo is displayed at a media briefing marking the one-year anniversary of the opening of Anthropic’s office in Tokyo, Japan, October 14, 2026. Kim Kyung-hoon | Reuters Anthropic on Monday unveiled its Form S-1 filing, taking the company one step closer to completing its long-awaited move to the public markets, which is now seen

Less than a decade after its founding, food startup Wonder has seen its footprint and valuation soar. Still, the company has even more ambitious plans ahead, like a subscription program to let diners run their own “restaurants,” an aggressive expansion in Texas and a potential initial public offering. Created by serial entrepreneur Marc Lore in

Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, U.S., September 25, 2024. Manuel Orbegozo | Reuters Meta shares slumped nearly 7% on Thursday as the social media giant showed negative free cash flow in its third-quarter earnings and raised the

Bank of America has hired an army of external contractors to help it patch software vulnerabilities exposed by advanced artificial intelligence models including Anthropic’s Mythos, the bank’s CEO, Brian Moynihan, told CNBC on Wednesday. In an interview after the bank’s third-quarter earnings release, Moynihan said that earlier this year the company rushed to bolster a

Volvo Cars said Friday it plans to cut 2,500 jobs after a sharp decline in its Chinese market weighed on third-quarter earnings. The Swedish automaker reported an operating loss of 5.6 billion Swedish kronor ($563.7 million) in the third quarter, down from an operating profit of 6.4 billion Swedish kronor in the previous period. The

Travelers navigate security lines at Minneapolis-St. Paul International Airport Terminal 1 on March 23, 2026 in Minneapolis, Minnesota. Stephen Maturen | Getty Images Fewer people are flying this year, but with airfare this high and climbing, airline executives say that’s just fine. At the New York Hilton in Midtown Manhattan on Friday night, the aviation

Moderna gave investors a scare as its stock plunged on Thursday. But it’s still one of the hottest biotechs this year. And it’s hardly alone – the sector is on a roll and looks poised for more gains. The iShares Biotechnology ETF (IBB) is up 24% through October 23, building on a 28% gain in

European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, on Feb. 1, 2023 Yves Herman | Reuters BEIJING — China intends to keep exporting rare earths to Europe regardless of whether a U.S. trade deal with Beijing gets extended past January. The world’s second-largest economy is willing to continue approving rare earth

Wall Street struggled to find its footing last week as renewed concerns about financing the artificial intelligence boom overshadowed strong earnings. An early rebound in AI-related names ran into a brick wall Thursday after Meta Platforms reported negative free cash flow for the first time since its 2012 initial public offering. The sell-off spread to

Stephen Squeri, chairman and chief executive officer of American Express Co., speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 10, 2022. Stephanie Keith | Bloomberg | Getty Images American Express is cutting thousands of employees as the leading credit card company prepares for artificial intelligence to take

Swedish defense giant Saab reported better-than-expected third-quarter earnings and revenue on Friday, as new orders more than tripled from a year earlier, boosted by a deal to supply Gripen fighter jets to Ukraine.  New orders came in at 65.8 billion Swedish kronor ($6.6 billion), up from 20.9 billion kronor a year earlier, beating FactSet expectations

The next generation of family office leaders is likely to use more debt, invest in more alternatives and focus on different philanthropies, according to new studies. As family offices prepare for a sweeping generational transfer, with baby boomers and older generations handing over the reins to Gen Xers and millennials, their investments and priorities are

Bank earnings kick off this week with no fewer than seven of the biggest names set to report. With the S&P 500 near all-time highs, the results could provide a significant market catalyst. Financials are the third-worst performing S&P 500 sector in 2026. Despite being flat on the year, the options market is pricing in

Harvard University’s endowment grew 27.1% in fiscal year 2026, its strongest return in five years, the school said in its annual financial report released on Thursday.  The endowment, which beat the S&P 500’s 22.3% total return in the same period by 4.8 percentage points, now totals nearly $68 billion. The outperformance came amid actions by

Comcast beat Wall Street’s expectations for third-quarter earnings — despite headwinds in its theme parks business — thanks to continued strength in its media unit. The company’s Peacock streaming service reported a quarterly profit for the second time since its launch in 2020, posting $261 million in adjusted earnings before interest, taxes, depreciation and amortization

David Ellison, co-chief executive officer of Skydance Corp. and SpaceX CEO Elon Musk. Michael Nagle | Bloomberg | Kent Nishimura | AFP | Getty Images Elon Musk has made an investment in Skydance of roughly $1 billion, according to a person familiar with the matter who spoke on the condition of anonymity because they were

Rick Rieder speaking at the CNBC CEO Council Summit in Washington, D.C. on June 2, 2026. Aaron Clamage | CNBC Investors may be wary of the volatility hitting parts of the bond market right now, but they have an “historic” opportunity to grab attractive yields in high-quality credit, Rick Rieder, BlackRock’s chief investment officer for