CNBC

Inside India newsletter: Billionaire Ambani’s mega-IPO faces a valuation reality check amid Musk spat

Inside India newsletter: Billionaire Ambani’s mega-IPO faces a valuation reality check amid Musk spat

Jio Platforms, the company at the center of Musk’s remarks, is launching an IPO later this month....

1 week ago
TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom

TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom

TSMC reported its third-quarter earnings on Thursday....

1 week ago
Elon Musk says Trump is 'ultimately' responsible for any curbs on Ukraine's Starshield systems

Elon Musk says Trump is 'ultimately' responsible for any curbs on Ukraine's Starshield systems

"Any limits on speed or usage are decided by the US military and ultimately POTUS," Musk wrote....

1 week ago
Meta- and Google-backed Jio Platforms to raise up to $3.2 billion in historic IPO in India

Meta- and Google-backed Jio Platforms to raise up to $3.2 billion in historic IPO in India

Jio's share sale will be India's largest ever in rupee terms, and second largest in dollar terms, trailing the Hyundai M...

1 week ago
SK Hynix shares plunge 10% amid Asia tech rout as Fed rate hike fears, AI funding worries mount

SK Hynix shares plunge 10% amid Asia tech rout as Fed rate hike fears, AI funding worries mount

A sell-off in global technology hardware stocks deepened Thursday....

1 week ago
Jim Cramer explains why even strong bank earnings couldn't save their stocks

Jim Cramer explains why even strong bank earnings couldn't save their stocks

All six banks fell following their earnings reports, even as some delivered strong results, reflecting concerns about in...

1 week ago
Jim Cramer says don't give up on this unpredictable market. Here's why

Jim Cramer says don't give up on this unpredictable market. Here's why

Despite an unpredictable market, CNBC's Jim Cramer says it's important to stay invested....

1 week ago
Traders pile into 'bubble puts' on CoreWeave as neocloud stocks plunge

Traders pile into 'bubble puts' on CoreWeave as neocloud stocks plunge

As a key corner of the artificial intelligence trade takes a beating on Wednesday, traders are betting it could get even...

1 week ago
OpenAI bugging suspect booked one-way ticket to Saudi Arabia with family before arrest

OpenAI bugging suspect booked one-way ticket to Saudi Arabia with family before arrest

"Like countless Americans, Mr. Alfozan came to this country years ago as a young person with a dream," his criminal defe...

1 week ago
Anduril employee tender offer would value the defense tech startup at $90 billion

Anduril employee tender offer would value the defense tech startup at $90 billion

Anduril has been a major winner of the growing U.S. defense tech boom and President Donald Trump's plans to reindustrial...

1 week ago
Container ship sinks in Strait of Hormuz as Iran steps up attacks

Container ship sinks in Strait of Hormuz as Iran steps up attacks

Iran has escalated its strikes on commercial ships transiting Hormuz in recent weeks, as it tries to choke off a rebound...

1 week ago
CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge

CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge

Shares of CoreWeave sank 15%, while yields in its bonds blew out further....

1 week ago
Iran says it’s ‘counting the moments’ until it can strike U.S. warships; Saudi Aramco facilities attacked

Iran says it’s ‘counting the moments’ until it can strike U.S. warships; Saudi Aramco facilities attacked

Meanwhile, Saudi Arabia's Aramco reportedly came under fresh attack overnight....

1 week ago
Fannie Mae sharply raises mortgage rate forecast for 2027

Fannie Mae sharply raises mortgage rate forecast for 2027

Fannie Mae just put out its latest forecast for mortgage rates, and they are much higher than previous estimates....

1 week ago
BlackRock's Larry Fink warns a data center moratorium could trigger a recession

BlackRock's Larry Fink warns a data center moratorium could trigger a recession

Local opposition to data center construction has been a feature of the midterm elections set for Tuesday, Nov. 3....

1 week ago
Morgan Stanley tops estimates as equities trading revenue beats expectations by $909 million

Morgan Stanley tops estimates as equities trading revenue beats expectations by $909 million

Morgan Stanley topped expectations on the top and bottom lines for the third quarter....

1 week ago
Social Security Administration announces 3.6% cost-of-living adjustment for 2027

Social Security Administration announces 3.6% cost-of-living adjustment for 2027

With a 3.6% COLA for 2027, Social Security retirement benefit checks will go up by $75 per month, on average, the agency...

1 week ago
Trump's diesel dilemma — by the numbers

Trump's diesel dilemma — by the numbers

Conflicts in Ukraine and Iran have created major ripple effects across global energy markets causing major price swings....

1 week ago
Bank of America posts third-quarter profit drop due to $1.2 billion Treasury fine

Bank of America posts third-quarter profit drop due to $1.2 billion Treasury fine

The U.S. Treasury Department announced a $1.2 billion penalty against Bank of America on Tuesday....

1 week ago
Ukraine warns Starlink limits are disrupting military operations as Russia pounds its energy infrastructure

Ukraine warns Starlink limits are disrupting military operations as Russia pounds its energy infrastructure

A ballistic missile has struck energy infrastructure supposedly covered by the "energy ceasefire" announced by Trump on ...

1 week ago
Scott Bessent's growth plans aren't enough to tame surging deficit and debt pile, IMF chief says

Scott Bessent's growth plans aren't enough to tame surging deficit and debt pile, IMF chief says

IMF chief Kristalina Georgieva said Bessent’s reliance on growth won’t cut the U.S. deficit and $40 trillion debt fast e...

1 week ago