This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Don’t miss Federal Communications Commission Chairman Brendan Carr on “Squawk on the Street” at 11 a.m. ET. Watch live on CNBC or CNBC+. Stock futures are higher this morning following a losing day for the S&P 500. Here are five…
HOUSTON — During a late night at home in May 2021, Hy Luu, a 29-year-old engineering consultant, was researching how to obtain more capital to invest in shares of Tesla. That’s when he discovered margin investing: the act of borrowing money from a broker to buy securities such as stocks, while using existing investments as…
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Anthropic and OpenAI are poaching officials from the Trump administration for senior roles as the AI sector scrambles to strengthen ties to Washington, with frontier tech increasingly viewed as a national security issue. This year, Anthropic has appointed…
OpenAI on Friday defended its decision to fire three safety researchers, saying they had committed a “significant breach of trust.” The AI lab said in a post on X that its decsion to part ways with Jasmine Wang, Tomek Korbak and Mikita Balesni, was not about the fact that they had raised safety concerns. The…
WASHINGTON DC, UNITED STATES – FEBRUARY 13: Head of the Department of Government Efficiency (D.O.G.E.) and CEO of SpaceX, Tesla, and X Elon Musk meets with Indian Prime Minister Narendra Modi (R) at Blair House in Washington DC, USA on February 13, 2025 Anadolu | Anadolu | Getty Images SpaceX founder Elon Musk on Thursday…
CANADA – 2026/04/08: In this photo illustration, the Firmus Technologies logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Australian AI data center operator Firmus, which is backed by Nvidia, has withdrawn its planned mega initial public offering, citing market…
Attendees at the Token2049 conference in Singapore, on Thursday, Oct. 8, 2026. The crypto conference runs through today. Photographer: Ore Huiying/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Tokenization could free up tens of billions of dollars in capital tied up in assets used as collateral across the global financial system, Nasdaq CEO…
Thursday’s sell-off in artificial intelligence stocks served as a reminder of why diversification is essential to staying invested through market volatility, according to CNBC’s Jim Cramer. Tech shares came under pressure after the Financial Times reported that OpenAI’s annualized revenue was about $20 billion below the amount previously signaled. Oracle tumbled 5.5% and Broadcom dropped…
SpaceX announced an agreement on Thursday to purchase a nationwide spectrum portfolio as it pushes its Starlink service deeper into the U.S. telecommunications market. Shares of AT&T, Verizon and T-Mobile tumbled in extended trading. The deal involves the acquisition of a spectrum portfolio from Grain Management, which specializes in digital infrastructure, and is subject to…
Sam Altman, CEO of OpenAI, the developer of ChatGPT, is speaking at the AI company’s developer conference on Sept. 29, 2026. Andrej Sokolow | Picture Alliance | Getty Images Shares of Nvidia, Oracle, CoreWeave and other artificial intelligence names sank lower on Thursday after the market learned more details about OpenAI’s revenue. OpenAI told investors…