The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York, Nov. 17, 2021. Andrew Kelly | Reuters A federal jury in San Francisco on Thursday convicted a former Google software engineer of stealing trade secrets related to the search company’s AI technology. The jury found 38 year-old Linwei Ding,…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. President Donald Trump has made his decision on who he’ll nominate to be the Federal Reserve’s next chair, and it turns out that it was one of the “Kevins” after all. Stock futures are lower this morning. The S&P 500…
Sandisk‘s stock popped 14% after the company crushed Wall Street’s fiscal second-quarter estimates, as the artificial intelligence boom sent demand for its chips skyrocketing. The flash storage memory company reported earnings of $6.20 per share, excluding items, blowing past the $3.62 per share expected by analysts surveyed by FactSet. Revenue totaled $3.03 billion, topping a…
Mesh Cube | Istock | Getty Images A new super PAC backed by AI companies raised $125 million in 2025 to further its goal of backing candidates who support national AI regulations rather than state-by-state rules. The group, Leading the Future, said it has $70 million on hand at the end of the year after…
Key Points Microsoft’s stock saw its biggest daily decline since 2020 on Thursday, falling 10%. The stock is up 0.5% premarket on Friday. The share slide wiped $357 billion off the software giant’s market cap. Analysts attributed the move to company’s cloud computing business growing slightly slower than expected. Microsoft’s stock isn’t recovering in Friday’s…
A Waymo vehicle exits a charging lot on Jan. 15, 2026 in Austin, Texas. Brandon Bell | Getty Images Alphabet-owned Waymo has informed the National Highway Traffic Safety Administration that one of its driverless vehicles “struck a child near an elementary school” in Santa Monica, California The Jan. 23 incident is now being investigated by…
“Magnificent Seven” player Apple is slated to post its fiscal first-quarter results after the bell on Thursday. All eyes are on the iPhone maker’s artificial intelligence strategy and product cycle. Apple stock has long been sitting out of the AI-fueled bull market rally. Shares are down more than 5% this year after posting a lackluster…
A digger sits at the construction site of the Federal Reserve headquarters, after U.S. President Donald Trump renewed his threat to bring a lawsuit against Federal Reserve Chair Jerome Powell over Powell’s management of renovations of the building, in Washington, D.C., U.S., January 12, 2026. Kevin Lamarque | Reuters The current moment feels like the finale…
Waymo driverless taxi parks in lower Manhattan in New York City, U.S., Nov. 26, 2025. Brendan McDermid | Reuters Waymo is starting to take San Francisco passengers to the airport. The Alphabet-owned company said in a blog post Thursday that it is opening up San Francisco International Airport access to a select number of customers,…
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Tesla sold $430 million worth of its giant backup batteries called Megapacks to xAI, Elon Musk’s artificial intelligence startup, in 2025, according to a filing on Thursday….