Google is on pace for its worst day on the stock market in a year, as artificial intelligence concerns have mounted and two high-profile researchers departed for rivals in recent days. Shares of parent company Alphabet slid 7% Monday morning, underperforming both the Nasdaq and the rest of its megacap peers. Google’s brain drain concerns…
Dilara Irem Sancar | Anadolu | Getty Images Meta‘s longtime WhatsApp leader will step down and be replaced by the founder of Indian fintech startup Cred, the company announced Monday. Will Cathcart, who has served as the head of the WhatsApp messaging service for more than seven years, is transitioning into another role at Meta,…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Good morning. Struggling to find a a job? You might want to look in Nevada. The Silver State saw its workforce grow by 1.9% between April 2025 and April 2026 — the highest of any U.S. state. Stock futures are higher this…
SpaceX is down more than 3% in premarket trading on Monday, continuing a selloff that has seen the stock fall in the past two full days of trading after a rally after its record-breaking IPO. Shares in the company were down 3.65% at 5:15 a.m. ET. Elon Musk’s space and artificial intelligence firm became one…
Artificial intelligence is giving tech investors an entirely new reason to pay attention to the Federal Reserve. For years, megacap tech companies with hefty balance sheets have been able to shrug off rising rates, which tend to weigh more heavily on smaller, less-profitable peers. But companies that were once cash cows are depleting reserves and…
An employee counts genuine South Korean 50,000 won banknotes in this arranged photograph at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South Korea, Aug. 14, 2017. The won advanced for the first day in four as top U.S. national security officials sought to damp down talk of am imminent war with North Korea following days…
SpaceX‘s record-breaking IPO boosted founder and CEO’s Elon Musk‘s personal stake in the company to more than $1 trillion. But he isn’t the only one seeing huge gains from SpaceX’s blockbuster listing. The IPO also minted thousands of new millionaires — and saw stakes of some shareholders surpass the billion-dollar mark. SpaceX’s debut week on…
Apple CEO Tim Cook and Jalen Brunson, basketball player for the New York Knicks, during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, Sept. 19, 2025. Bloomberg | Bloomberg | Getty Images For the past few years, consumers have been swarming to AI chatbots and…
Imagine this: you’re wearing a pair of glasses with a built-in camera and a visual display. You’re walking down the road and you remember you need to make a reservation at a restaurant. Instead of using your smartphone to research recommended spots, you talk to your digital assistant who manages to get it done, across…
CNBC’s Jim Cramer on Thursday said a light earnings calendar next week will concentrate investors’ focus on a handful of key reports and economic data releases. Stocks rebounded Thursday as investors shook off the previous session’s sell-off following the Federal Reserve’s indication that another rate hike remains possible. The Dow Jones Industrial Average rose about…