Tag: business news
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We’re exiting our position in an AI chipmaker to lock in big gains
The sale will help us reduce overlapping exposure to the CPU renaissance.
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One cybersecurity name is repositioning itself as an AI play. How to trade a potential move higher
Tony Zhang breaks down this bullish options trade.
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Kentucky Gov. Beshear presses McConnell to provide health update as speculation grows
McConnell, the former longtime Senate leader who declined to seek an eighth term following a series of health scares, was admitted to a hospital on June 14.
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Bezos’ Blue Origin valued at $130 billion in first public fundraising round
Bezos’ Blue Origin is raising outside capital in a round valuing the rocket company at $130 billion, sources told CNBC’s Andrew Ross Sorkin.
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General Motors has underperformed in 2026. JPMorgan sees a comeback
The investment bank raised its price target on the auto giant.
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A Berkshire-backed oil and gas producer is likely to benefit from strategy shift, Evercore ISI says
Occidental Petroleum is likely to gain from efforts to improve its capital efficiency and return value to shareholders, according to Evercore ISI.
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Manhattan office leasing sees strongest gains in 20 years
During the second quarter, office leasing volumes were 31.3% above the 10-year average, according to a new report from Colliers.
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Weekly mortgage demand drops as rates remain stuck in a narrow range
Mortgage rates barely moved last week and haven’t moved much in more than a month. That is resulting in lackluster mortgage demand.
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This telecommunications giant could lose ground to SpaceX’s Starlink, Wells Fargo says
AT&T is poised to see its shares sink as SpaceX’s Starlink and other upstarts disrupt its business, according to Wells Fargo.
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Trump opposes Carroll getting $5 million damages verdict, cites last-ditch Supreme Court bid
Trump has been found liable in two trials for defaming E. Jean Carroll when he denied her claim he sexually abused her in a New York department store.
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