Space stocks rocket higher as sector optimism gains steam into 2026
Space stocks have rallied in recent weeks following news that Musk’s SpaceX is planning to go public next year and widespread government interest. Source link
Breaking News: Business
Read More
Waymo suspends San Francisco robotaxi service after blackout chaos
People observe an area affected by a blackout that hit about 130,000 residents, according to the Pacific Gas and Electric Company, in San Francisco on Dec. 21, 2025. Carlos Barria | Reuters Alphabet-owned Waymo has suspended its driverless ride-hail service in the San Francisco Bay Area after blackouts plagued the city Saturday afternoon. “We have…
Nine pharma companies ink deals with Trump to lower drug prices
President Donald Trump signs an executive order aimed at reducing the cost of prescription drugs and pharmaceuticals by 30% to 80% during an event in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images Several of the largest U.S. and European-based drugmakers inked deals with…
Oracle to run TikTok’s U.S. business with Silver Lake, MGX
Oracle‘s stock jumped about 5% Friday after the cloud provider joined a group of investors slated to lead TikTok’s U.S. operations. In a memo to employees Thursday, CEO Shou Zi Chew said the social media company’s U.S. division will be run by a joint venture that includes Oracle, Silver Lake, and Abu Dhabi-based MGX. The…
Here’s what’s inside American’s new long-range Airbus A321 XLR
The economy cabin of American Airlines A321XLR. Leslie Josephs/CNBC American Airlines is about to fly passengers to California for the first time on a skinny, long-range plane that it hopes will change air travel. The airline’s head of network planning now has to decide where else it should fly. The first Airbus A321XLR for a…
Visa’s AI agents automating hundreds of purchases for customers
Mustafa Hatipoglu | Anadolu | Getty Images Visa said on Thursday that it successfully completed hundreds of AI transactions as part of a pilot program that kicked off after the company’s product event in April. The credit card issuer and rivals across the fintech industry are racing to build tools that allow consumers to task…
Lending startup backed by Altman, JPMorgan teams up with Amazon
Slope, a lending startup that uses artificial intelligence to vet businesses, is partnering with Amazon starting Tuesday to provide a reusable line of credit to Amazon sellers, backed by a JPMorgan Chase credit facility, the company told CNBC exclusively. The new relationship means eligible U.S. Amazon vendors can apply for and access capital directly through…
EU poised to water down 2035 ban on new diesel, gasoline cars
A fuel nozzle is inserted into a combustion engine at a petrol pump at a filling station during a refueling process. Picture Alliance | Picture Alliance | Getty Images The European Union on Tuesday is expected to water down its effective ban on sales of new combustion-engine cars from 2035, after lobbying efforts from Germany,…
China AI toys grow with Haivivi Ultraman, Chongker cat
Haivivi Bubblepal, an AI toy. Courtesy: Haivivi It seems everyone is talking about AI these days — even Ultraman. When asked if investors should be worried about an AI bubble, the new second generation CocoMate AI-powered plush toy by Chinese company Haivivi warned about the dangers of speculation in AI stocks. “The AI market has…
Broadcom and Costco’s rich valuations leave little room for error as battleground stocks
Sometimes the stakes are so high, the degree of difficulty so immense, that it simply may be too hard to game. When that’s the case, no amount of formal research will help you fathom the stock implications. Yet, you have inherited the issues and they must be dealt with — or you are too at…
- 1
- 2