Mike Moore Attorney General from Jackson Mississippi gives his opening remarks during the tobacco hearings, seated next to him is D. Scott Wise, partner, Davis, Polk and Wardwell in New York. Douglas Graham | Cq-roll Call, Inc. | Getty Images As a central figure who helped negotiate the blockbuster $246 billion tobacco master settlement in…
A combination photo shows CEO of OpenAI Sam Altman (L) on April 28, 2026 and Elon Musk on April 29, 2026 during the trial in Elon Musk’s lawsuit over OpenAI for-profit conversion at a federal courthouse in Oakland, California, U.S. Manuel Orbegozo | Reuters OpenAI announced late Friday that it is ending developers’ access to…
Putilich | Istock | Getty Images Analysts and pundits in finance have an endless supply of clever, simplistic explanations for complex market movements. Over the years, culprits have ranged from El Niño and climate change to the World Trade Organization, rock ‘n’ roll music and the fluoridation of water. Many of these explanations proved wrong, yet commentators…
This week’s impressive earnings results showed that the AI buildout is not a zero-sum game: both hardware and software stocks can win. The tech-heavy Nasdaq Composite and the S & P 500 gained 0.9% and 0.5%, respectively, while the blue-chip Dow Jones Industrial Average added 0.5%, marking its first winning week in three. Much of…
A woman holds signs during a nationwide protest against AI data center expansion outside Peace Hall in New Port Richey, Florida on July 18, 2026. Thomas Simonetti | AFP | Getty Images Silicon Valley’s technology leaders have long dreamed of making the world a better place. But now more than ever, Americans say they’re living…
Meta CEO Mark Zuckerberg leaves the federal courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial, Feb. 19, 2026. Jon Putman | Anadolu | Getty Images Meta‘s watershed social media trial just wrapped up in California, but now attention is shifting to the wider industry with TikTok, YouTube…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. President Donald Trump on Thursday signed an order that he said will rename Lake Ontario to “Lake America,” prompting some déjà vu to last year’s “Gulf of America” push. Stock futures are mixed this morning following a winning day on…
Tanya Reynolds, Jason Sudeikis and Brendan Hunt in “Ted Lasso,” now streaming on Apple TV. Courtesy: Apple TV Apple on Friday increased the monthly price of Apple TV, its streaming service, to $14.99, or $119 per year. It was previously $12.99 per month or $99 per year. Apple TV is included in Apple One, a…
The artificial intelligence spending boom is testing one of Big Tech’s greatest strengths: pristine balance sheets. Club holdings Meta Platforms , Amazon , Alphabet and Microsoft entered the AI race as some of the world’s healthiest companies and most desirable borrowers, armed with enormous cash on hand and little debt relative to their equity, known…
Affirm Holdings stock popped 7% on Friday after the buy now, pay later firm reported strong fiscal fourth-quarter earnings and CEO Max Levchin said high gas prices are weighing on shoppers. “The U.S. consumer undoubtedly sees the higher gas prices, so can’t, can’t ignore that,” Levchin told CNBC’s “Squawk Box.” “They’re also coming to us…