Check out the companies making the biggest moves midday: Meta Platforms — Shares of the social media giant surged 11% on news that Meta is building out a new cloud business . The company will sell its excess artificial intelligence computing power to outside customers, CNBC confirmed. Bloomberg first reported the news. General Mills —…
Cuts of beef are displayed at Handy Market on May 14, 2026 in Burbank, California. Justin Sullivan | Getty Images With oil and gas prices falling in the wake of the detente between the U.S. and Iran, prediction market traders now think inflation has peaked. Speculators on prediction market platform Kalshi think there’s only a…
The “Magnificent Seven” have dominated the U.S. market for years and sat on a combined valuation of $21.7 trillion as of Tuesday’s close. That number, however, masks how much they lost in June. The group — which Microsoft , Nvidia , Alphabet , Apple , Meta , Tesla and Amazon — shaved off roughly $2…
Check out the companies making the biggest moves premarket: Nike — The apparel company fell more than 3% after it reported a sales decline of 12% in the Greater China market. Despite the significant decline in a key market, Nike still reported an earnings and revenue beat in its fiscal fourth-quarter financial report. Constellation Brands…
Chinese President Xi Jinping spoke on July 1, 2026, in the Great Hall of the People in Beijing to commemorate the 105th anniversary of the ruling Chinese Communist Party. Eunice Yoon | CNBC BEIJING — Chinese President Xi Jinping on Wednesday emphasized the global influence of the ruling Communist Party of China as he marked…
U.S.-based cybersecurity giant CrowdStrike has warned of increasing cyberattacks from China-based entities aimed at stealing artificial intelligence to narrow the tech gap with the U.S. Bill Hinton | Moment Mobile | Getty Images Cyberattacks aimed at stealing American artificial intelligence technology are increasingly expanding from tech-based attacks to the exploitation of human-level vulnerabilities, with China-based actors playing…
Michael Burry attends “The Big Short” New York screening Ziegfeld Theater on Nov. 23, 2015, in New York City. Astrid Stawiarz | Getty Images Michael Burry said Tuesday he has placed a bearish wager against Caterpillar, believing the construction-equipment maker has become one of the market’s most overvalued beneficiaries of the artificial intelligence investment boom….
Cleveland Federal Reserve President Beth Hammack said Tuesday that “insatiable” demand for artificial intelligence infrastructure is fueling inflation. Should that and other pressures continue to keep prices elevated, that could drive the need for higher benchmark interest rates, the central bank policymaker said in a CNBC interview. “We’ve got inflation that’s too high, and it’s…
Traders work at the New York Stock Exchange on June 26, 2026. NYSE Small-cap U.S. stocks are capping off one of their strongest first halves in decades. But this is not your ordinary small-cap boom led by traditional businesses linked to the economic cycle. This run, like the one going on with their larger-cap peers,…
Check out the companies making the biggest moves in the premarket: AeroVironment — The drone maker rallied 30% after reporting an earnings and revenue beat. AeroVironment earned $1.84 per share on revenue of $642 million . Analysts polled by LSEG expected a profit of $1.46 per share on revenue of $559 million. Digital Realty Trust…
