Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Godfather of AI blasts Musk’s xAI as ‘failure,’ says labs are risking a ‘big bubble explosion’
Yann LeCun’s comments renew a long-running spat with Musk and cast doubt over valuations of some of the world’s biggest AI companies.
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Bank of England holds interest rates at 3.75% amid Iran war peace prospects
The Bank of England’s Monetary Policy Committee voted 7-2 to keep rates on hold.
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Hollister partners with Target to tap into $89 billion back-to-college shopping market
Hollister’s partnership with Target comes as both companies look to capitalize on the lucrative back-to-college shopping market.
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This AI infrastructure stock up more than 200% this year has more room to run, KeyBanc says
The bank has an overweight rating on the AI infrastructure name.
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Treasury yields mixed as investors digest Warsh’s first Fed meet
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was largely flat at 4.457%.
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Roy Cooper’s North Carolina Senate race could help decide control of the next Congress
North Carolina’s 2026 Senate race pits Democrat Roy Cooper against Republican Michael Whatley in a swing state Democrats haven’t won since with Obama in 2008.
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Nearly 80% of data center capacity is at elevated risk to climate hazards like flooding and fire, study says
The vast majority of data centers globally face either acute risk from climate change events or chronic risk from ongoing climate issues like extreme heat.
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Obama Center launch brings Democratic political glitterati to Chicago ahead of crucial elections
Political elites, White House alums, donors and business leaders will converge on Chicago on Thursday to commemorate the launch of the Obama Presidential Center.
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Swiss central bank readies for FX intervention if safe haven franc strengthens
The SNB left interest rates unchanged, as it highlighted the risk of renewed upward pressure on the Swiss franc amid ongoing uncertainty.
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Trump’s Iran deal delivers key gains for Tehran, testing Washington’s red lines
The deal sees both sides commit to further talks to reach a final agreement over the next 60 days and includes a $300 billion plan for Iran’s reconstruction.
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