Sam Altman, chief executive officer of OpenAI Inc., left, and Tim Cook, chief executive officer of Apple Inc., during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. US President Donald Trump said he would be imposing tariffs on semiconductor imports “very…
Greg Brockman, president of OpenAI, arrives at a federal courthouse as the trial in Elon Musk’s lawsuit over OpenAI’s for-profit conversion continues, in Oakland, California, May 6, 2026. Manuel Orbegozo | Reuters There’s a new second-in-command at OpenAI. Greg Brockman, the company’s president, is officially responsible for OpenAI’s most important and profitable projects after Fidji…
The Commerce Department on Friday moved toward easing export controls on the United Arab Emirates, including by saying it will “favorably review” export license applications for MGX, the UAE-backed investment firm that used a stablecoin linked to President Donald Trump‘s family for its $2 billion investment in Binance. An unpublished version of a new 17-page…
Elon Musk postpones CNBC interview Musk “has to postpone” his interview with CNBC, Julia Boorstin said she was told after her interview with the CEO was set to begin at noon ET. Musk was expected to discuss Tesla, the historic SpaceX initial public offering and the launch of the company’s latest Grok artificial intelligence model….
BETA Technologies’ all-electric ALIA CTOL conventional takeoff and landing aircraft flies over Chicago. Courtesy: BETA Technologies Beta on Friday said it wrapped up the first test flights in the U.S. government’s sweeping electric vertical takeoff and landing pilot program aimed at making the vision of flying taxis a reality. The aerospace company, which is backed…
SK Hynix opened at $170 per share on the Nasdaq on Friday, rising about 14%, as U.S. investors jumped at the opportunity to get a stake in South Korea’s second-most valuable company. The stock is trading under the ticker symbol SKHYV, and will switch to SKHY as of Tuesday. The company’s American depositary receipts, or…
Meta CEO Mark Zuckerberg attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 9, 2026. Brendan McDermid | Reuters Meta shares rallied on Friday, lifting their gains for the week to 15%, on pace for the best weekly performance since early…
Stablecoin issuer Circle surged after the U.S. Office of the Comptroller of the Currency, or OCC, granted it approval Friday to operate as a trust bank, the company said. Shares of the company gained more than 7%. The approval gives the company the ability to manage reserves directly for its regulated stablecoins, primarily the USDC…
An important index for chip stocks is flashing a technical warning sign, possibly signaling a drawdown of as much as 17%, according to investment bank BTIG. The Philadelphia Stock Exchange Semiconductor Index (SOX) has gone up or down by 3% on 15 different occasions in the previous 30 trading days. On Thursday, it again closed…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Tune in to “Squawk on the Street” at 11 a.m. ET for an interview with FCC Chairman Brendan Carr as his agency’s investigation of ABC’s “The View” continues. Watch live on CNBC or CNBC+. Stock futures are mixed this morning….