Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2%
Nonfarm payrolls were expected to rise by 115,000 in June while the unemployment rate held steady at 4.3%.
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Rivian raises 2026 delivery outlook while Lucid misses Wall Street expectations for second quarter
Rivian is increasing its delivery outlook to between 65,000 and 70,000 EVs, up from 62,000 to 67,000 units.
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Jeff Bezos’ family office backed five AI startups in June
Bezos Expeditions is now the most active family office investor thus far this year, per data from Fintrx.
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Meta’s push into cloud computing means Wall Street has to prepare for lower margins
Meta appears poised to enter the cloud computing market in an effort to monetize its massive AI infrastructure.
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Robinhood will soar as it moves closer to becoming the first hyperscaler brokerage, says Mizuho
Robinhood is likely to shoot higher if the trading platform can fashion itself into the first true hyperscaler among online brokerages, according to Mizuho.
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The jobs report, Meta’s rally, Trump Accounts and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Stocks making the biggest moves premarket: Sandisk, Robinhood, Palantir & more
These are the stocks posting the largest moves premarket.
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Ford CEO wants level playing field with Toyota, GM imports as USMCA trade talks reopen
Ford reports it assembled more than 2 million vehicles in the U.S. last year – more than any other auto manufacturer, including 311,000 units for export.
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Brookfield wants to build AI data centers in London’s answer to Wall Street
Brookfield’s CEO said the firm is bringing data centers to London’s Canary Wharf, as demand for AI infrastructure in the U.K. soars.
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Americans are paying record prices for steak. Here’s why demand isn’t cracking
Despite record beef prices, Americans aren’t giving up steak. Consumers are treating beef as an affordable luxury and prioritizing it for special occasions.
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