Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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AI memory startup focused on cutting token costs raises $98 million
Engram enters the market as the AI industry grapples with a rising cost problem fueled by more expensive models.
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Nike is trying to boost its stock through a turnaround plan. Evercore ISI sees limited upside
Nike has received a downgrade and price target decrease from Evercore ISI due to several challenges it faces as it tries to overhaul its struggling business.
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Stocks making the biggest moves premarket: IBM, Qualcomm, Oracle, Energy Fuels & more
These are the stocks posting the largest moves in early trading.
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Morgan Stanley says investors should scoop up this struggling tech stock that’s ready to outperform
The bank upgraded the hardware and software name to overweight from equal weight.
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Buy IBM as investors underappreciate the strength of its software business, says JPMorgan
The investment bank upgraded the legacy tech name to overweight from neutral.
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Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants
“The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” Oracle said.
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Five things to watch in Tuesday’s primaries as New York races take center stage
Tuesday’s primaries in New York, Maryland and Utah test outside money, party power and the influence of Zohran Mamdani and Donald Trump.
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AI groups spend $20 million going head-to-head in New York race pitting Bores, Lasher, Schlossberg
Companies are spending big to shape AI policies at the federal level. And the Manhattan House Democratic primary will be a test of where voters stand.
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U.S. fights with Brazil for China’s giant soybean market
The U.S. Soybean Export Council makes claims to higher quality a selling point over Brazil’s crop, as American farmers attempt to win back business from the world’s largest importer
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How Europe is grappling with extreme heat as red alerts issued in Britain, France, Spain and Italy
Several European countries issued red weather alerts as a fresh bout of extreme heat pushed temperatures beyond 40 degrees Celsius (104 degrees Fahrenheit).
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