Oracle CEO Clay Magouyrk speaks at a Q&A session after a tour of the OpenAI data center in Abilene, Texas, on Sept. 23, 2025. Shelby Tauber | Reuters Oracle reported better-than-expected earnings and revenue for the fiscal fourth quarter on Wednesday while also raising its profit forecast for the year. The stock dropped 6% in…
Sen. Elizabeth Warren, D-Mass., called for the Securities and Exchange Commission to delay SpaceX‘s upcoming initial public offering, citing concerns about the rocket maker’s valuation and corporate governance in a letter shared with CNBC. “Given the unprecedented threats to investor protection and market integrity posed by the biggest IPO in history, you must delay any…
Palantir CEO Alex Karp said the artificial intelligence software company’s enterprise customers are “unhappy” with how the frontier labs are operating. “It’s not just the man and woman on the street that is unhappy with the frontier labs, it’s in private, every single enterprise we deal with,” he told CNBC’s Sara Eisen on Wednesday. Many…
U.S. tech giants have backed a German company in its latest fundraising round to develop its humanoid robotics tech. Neura Robotics’ Series C financing, which is worth up to $1.4 billion, featured Tether, Qualcomm, Amazon and Nvidia, alongside European industrial companies Bosch and Schaeffler and the European Investment Bank. The company hit a valuation of…
Autonomous EV freight trucking company Einride rose sharply in its first day of trading on the Nasdaq. The company went public on Wednesday morning under the ticker symbol “ENRD.” Einride shares went higher by well over 100% during trading on Wednesday morning. Trading was temporarily halted by the Nasdaq mid-morning, based on its “limit up-limit-down”…
A Tesla Cybertruck drives past SpaceX facilities in Hawthorne, California, April 13, 2026. Ethan Swope | Bloomberg | Getty Images Crypto traders in the SpaceX pre-IPO perpetual futures are expecting a big first day for Elon Musk’s much-hyped space company. The perpetual future contract is currently trading around $162 on the Hyperliquid trading platform, a…
Amazon trailers are parked at an Amazon Air gateway at Miami International Airport in Miami, Sept. 26, 2023. Joe Raedle | Getty Images Shares of several large freight carriers slumped Wednesday after Amazon announced it’s opening up its trucking services to companies beyond its own network. The e-retailer said it will offer less-than-truckload shipping to…
Orlando Bravo, co-founder of Thoma Bravo, during the Bloomberg House event in Miami, Florida, US, on Thursday, April 30, 2026. Bloomberg | Bloomberg | Getty Images Thoma Bravo’s billionaire founder says AI will transform junior workers’ roles by eliminating grunt work, despite growing concerns about the technology’s impact on entry-level roles. Orlando Bravo, the founder…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. Keep an eye out for the latest consumer inflation data dropping at 8:30 a.m. ET. If Wall Street’s consensus forecast comes true, it would mark the first time annual price growth registers above 4% since 2023. Stock futures are lower…
Bill Gates speaks with Reuters during an interview in New York City, U.S., May 8, 2025. Mike Segar | Reuters Microsoft co-founder Bill Gates is set to be interviewed Wednesday by a House committee about his controversial friendship with the notorious sex offender Jeffrey Epstein. The mega-billionaire Gates is one of the biggest names to…