China Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, U.S., May 12, 2025. Carlos Barria | Reuters BEIJING — One of the Chinese economy’s few growth drivers lost steam in July, according to the latest survey of businesses by China Beige Book.
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POWER POINT What I’m hearing from energy insiders “Meet the new boss, same as the old boss” The classic lyric from The Who’s masterpiece “Won’t Get Fooled Again” certainly applies to the global energy markets. The ‘boss’ is a headline about the breaking of any fragile peace around Iran and every time oil prices fall,
Rivian Automotive reduced its 2026 spending plans and slightly narrowed its previously forecast losses this year as the company reported second-quarter results Thursday. The revised guidance now includes adjusted losses between $1.8 billion and $2 billion, down from $1.8 billion to $2.1 billion, and capital expenditures of $1.7 billion to $1.8 billion, down from $1.95 billion
Amazon reported surging cloud growth during the second quarter, pointing to strong artificial intelligence demand, and the company boosted its capital spending forecast for the year. The stock shot up more than 10% in extended trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $5.75 a share.
A humanoid robot from Robostore joins CNBC’s Power Lunch on Dec. 30, 2025. CNBC BEIJING — The U.S. Federal Communications Commission has repeatedly ignored Beijing’s restrained stance on product bans, China’s commerce ministry said Thursday, threatening retaliation. The FCC on Tuesday said due to cybersecurity concerns, it added foreign-made advanced robotic devices, including humanoids, to
Federal Reserve Chair Kevin Warsh speaks during a news conference at Federal Reserve Headquarters on July 29, 2026 in Washington, DC. Win McNamee | Getty Images Wall Street has a clear takeaway from this week’s Federal Reserve decision: A hike is likely on the horizon as inflation remains a top priority. The Fed opted to
A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Shares of Carvana fell drastically during after-hours trading Wednesday after the company reported full-year guidance that failed to meet some of Wall Street’s expectations for the auto retailer. Carvana’s stock fell by more than 20% shortly after the company reported its
Starbucks on Wednesday raised its full-year outlook after reporting its fourth straight quarter of same-store sales growth. For fiscal 2026, Starbucks now expects adjusted earnings per share in a range of $2.55 to $2.65, up from its prior outlook of $2.25 to $2.45 per share. It now also projects global same-store sales will rise nearly
Meta CEO Mark Zuckerberg arrives at Los Angeles Superior Court on Feb. 18, 2026. Jill Connelly | Getty Images Meta is set to report earnings after the market close Wednesday, and traders on prediction market platform Kalshi think the Instagram parent will use its conference call to highlight its Ray-Ban Meta smart glasses and push
The Commodity Futures Trading Commission headquarters in Washington, Dec. 23, 2022. Ting Shen | Bloomberg | Getty Images A coalition of 44 state attorneys general wrote in a letter to the Commodity Futures Trading Commission on Monday that the agency doesn’t have the power to regulate sports-related event contracts on prediction market platforms. The letter
Ford at the New York International Auto Show in New York City on April 2, 2026. Danielle DeVries | CNBC DETROIT — Ford Motor raised its 2026 earnings forecast Tuesday after beating Wall Street’s second-quarter earnings expectations despite reporting a decline in revenue that slightly missed estimates. Ford shares rose nearly 7% in after-hours trading
Corning shares got crushed on Tuesday after the specialty glassmaker delivered strong quarterly results. We attribute the weakness to the broader market rotation out of AI stocks, not any change in the company’s fundamentals. Core revenue in the three months ended June 30 rose 17% year over year to $4.74 billion, topping the consensus estimate
Sopa Images | Lightrocket | Getty Images Investors looking to wager on stocks such as SpaceX and Micron Technology now have a new tool: single-stock futures that trade for nearly 24 hours a day. CME Group on Monday launched cash-settled single-stock futures on 55 U.S. equities, along with micro-sized contracts on 22 names, marking the
A fleet of Tesla Cyber trucks is parked at charging stations outside the SpaceX launch production facility in Starbase, Texas, U.S., July 20, 2026. Steve Nesius | Reuters What’s one trillion between a trillionaire and his biggest fans? SpaceX has now erased more than $1.2 trillion in market cap since its high price of $225.64
NBCUniversal’s Peacock is officially landing on YouTube. All of the streaming service’s content — including NBC Sports’ portfolio of the NFL and NBA, Universal films like the Minions franchise, and original Peacock and Bravo content like the Real Housewives franchise and “Love Island USA” — will be included in YouTube Premium subscriptions in the U.S.
Honeywell Technologies shares rallied Thursday, bucking a broader market selloff after the industrial automation company delivered a strong quarter and raised guidance. Revenue in the second quarter ended June 30 rose 4.3% year over year to $9.72 billion, exceeding the LSEG-compiled consensus estimate of $9.5 billion. Honeywell Technologies (HON) numbers still include results from Honeywell
Li Lecheng, China’s Minister of Industry and Information Technology, spoke at a press conference on July 23, 2026, in Chengdu, China, as part of the APEC Digital Weeks. Evelyn Cheng | CNBC CHENGDU, China — Governments increasingly want to control artificial intelligence, as companies release more powerful open-source models, a new multilateral statement indicates. The
Major indexes remain volatile as investors assess key earnings releases and geopolitical tensions in the Middle East. Investors with a long-term horizon should look beyond the ongoing noise and focus on stocks that are well-positioned to generate strong returns. In this regard, recommendations of top Wall Street analysts can help shortlist stocks with robust growth
Jakub Porzycki | Nurphoto | Getty Images Paramount Skydance has agreed to delay its proposed acquisition of Warner Bros. Discovery to as late as June 2027 — a multi-month delay that will ultimately raise the deal price — as the tie-up faces a legal challenge. Last week, a group of state attorneys general led by
American Airlines further cut its 2026 earnings outlook Thursday, citing higher fuel costs, a sign that a jump in fares isn’t enough for the U.S. airline that flies the most to fully offset this year’s spike in fuel prices. Its shares fell 8% Thursday. The carrier’s executive team has been working to convince investors that
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2026. Brendan McDermid | Reuters Major U.S. stock indexes tumbled on Thursday as investors began to price in the consequences of a renewed and prolonged conflict in the Middle East. While the U.S. has conducted strikes
BECKY QUICK: You said earlier that this is not a tax reform bill. It’s a tax cut. WARREN BUFFETT: A tax cut. BECKY QUICK: What do you think about it? WARREN BUFFETT: Well, I — I don’t think I need a tax cut. But — for example, the current proposal eliminates the estate tax. And
A FedEx worker walks past his truck in the North Beach neighborhood on June 23, 2026 in San Francisco, California. Heather Diehl | Getty Images As demand rises for specialized medications like GLP-1s, logistics companies including UPS and FedEx are adapting their strategies to be able to better ship and store those pharmaceuticals. Most injectable
A German national flag on a barge near the Volkswagen AG factory in Wolfsburg, Germany, on Tuesday, March 10, 2026. Bloomberg | Bloomberg | Getty Images Volkswagen reported weaker-than-expected second-quarter profits on Friday and scrapped hope for sales revenue growth in 2026, as the German auto giant lays the groundwork for a radical overhaul of
The head of “Gus,” one of the largest Tyrannosaurus rex skeletons ever found, is pictured during a press preview at the Sotheby’s Breuer building in New York, on July 1, 2026. Timothy A. Clary | Afp | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a
The bearish Tesla set-up we flagged ahead of Wednesday’s report has delivered most of what it can. Two ways forward: bank the entire gain, or press the same playbook against another priced-for-perfection name reporting in two weeks. Heading into Tesla‘s second-quarter report, I argued the risks were skewed to the downside. Greeting a delivery beat
From left, Sundar Pichai, CEO of Alphabet; Satya Nadella, CEO of Microsoft; Andy Jassy, CEO of Amazon; and Mark Zuckerberg, CEO of Meta. Damian Lemanski | David Ryder | Bloomberg | Getty Images | CNBC | Manuel Orbegozo | Reuters The race to build artificial intelligence infrastructure at a trillion-dollar annual clip is eroding the
Shares of Intel moved higher after the chipmaker reported strong quarterly results and provided an upbeat third-quarter outlook. We expect more gains ahead under the guidance of CEO Lip-Bu Tan. Revenue in the second quarter increased 25% year over year to $16.1 billion, exceeding the LSEG-compiled consensus estimate of $14.42 billion. Non-GAAP earnings per share
A Southwest Airlines Boeing 737 airplane lands at Los Angeles International Airport after arriving from Chicago on March 7, 2026. Kevin Carter | Getty Images How volatile are fuel markets this year? Southwest Airlines hired a ship this spring to send jet fuel from Texas to California, where prices are much higher and concerns had
Crude oil is rallying, bonds are selling off, and the stock market is under pressure. Investors sold Big Tech stocks after earnings and the 10-year Treasury yield just touched 4.7%, the highest since January 2025. In many ways it looks like the setup from March that presaged a monthlong sell-off in stocks as the Iran