Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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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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Palantir shares have struggled this year. D.A. Davidson says buy the dip
Analyst Gil Luria upgraded the AI and defense software stock to buy from neutral.
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Russia’s neighbor Lithuania scraps constitutional ban on nuclear weapons. Here’s why
The decision comes shortly after lawmakers in Finland voted to lift its longstanding ban on nuclear weapons.
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AI agents will have ‘capability’ of human traders, Robinhood CEO tells CNBC
Vlad Tenev spoke about the potential of AI agents in trading in an interview with CNBC.
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Nvidia offers start-up customers chance to swap compute power for revenue share
Nvidia says it will give start-ups the chance to swap access to compute power for a slice of future profits under a new program aimed at AI-focused firms.
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Google loses fight over record $4.7 billion EU antitrust fine
In 2018, the European Commission slapped Google with the record-breaking penalty on the grounds that it abused Android’s mobile dominance.
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M&A is ‘on fire’ as large-cap firms simplify, Citi UK CEO says
Citi U.K. CEO Tiina Lee said U.K. M&A is “on fire” as companies simplify and overseas buyers target British assets.
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Apple plans five new iPhones through 2027, eyes Chinese-made chips amid foldable push, reports say
Apple is planning five new iPhones by 2027 and is considering Chinese memory suppliers as it expands foldable production, reports say.
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Meta says WhatsApp usernames are safeguarded against scams after India flags cybersecurity risks
Meta has defended its WhatsApp username feature after the Indian government raised cybersecurity concerns.
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U.S. Treasury yields rise as investors await June jobs report
Economists polled by Dow Jones expect the U.S. to have added 115,000 jobs last month.
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