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Meta, Microsoft roar higher on strong earnings as AI spending booms

Meta and Microsoft have been investing heavily in AI infrastructure in recent years, and are set to still shell out billions in capital expenditures.

Industry Three days ago

CNBC's Inside India newsletter: Why an India-U.K. trade deal does not make U.S.-India agreement any easier

The United States is threatening to slap 25% tariffs just a week after it secured a landmark free trade agreement with the United Kingdom.

Industry Three days ago

5 things to know before the Thursday open: Microsoft tops $4 trillion | Fed decision dissent | More metal tariffs

Here are five key things investors need to know to start the trading day.

Industry Three days ago

CVS shares pop on earnings beat and outlook, as retail pharmacy and insurance units improve

CVS CEO David Joyner pointed to strength in its retail pharmacy and improvement in its insurance unit, Aetna, which is grappling with higher medical costs.

Industry Three days ago

Comcast is set to report second-quarter earnings. Here's what to know

Comcast will report its second-quarter earnings before the bell on Thursday. Investors will be looking for an update on the company’s broadband business.

Industry Three days ago

Comcast earnings top analyst estimates despite broadband customer losses

Comcast beat analyst estimates for its second-quarter earnings, yet reported another quarter of broadband customer losses.

Industry Three days ago

Microsoft and Amazon are hurting cloud competition, UK regulator finds

Britain’s competition regulator called for a probe into Microsoft and Amazon’s cloud market dominance under the country’s strict new tech…

Industry Three days ago

Treasury yields slide as investors await Fed's preferred inflation gauge

U.S. Treasury yields were lower on Thursday as investors awaited the personal consumption expenditures index for June — the Fed’s preferred inflation…

Industry Three days ago

Treasury yields slip as traders weigh new U.S. inflation data

U.S. Treasury yields were lower on Thursday as investors read through the personal consumption expenditures index for June — the Fed’s preferred…

Industry Three days ago

Shares of world's largest brewer AB InBev tumble 9% on declining volumes

The Budweiser maker said volumes declined 1.9% year-on-year over the three month period, well ahead of the 0.3% dip forecast by analysts.

Industry Three days ago

OpenAI spearheads one of Europe's biggest data centers with 100,000 Nvidia chips

OpenAI said it is launching a Stargate AI data center in Norway which will be designed and built by Nscale and Aker.

Industry Three days ago

CNBC Daily Open: Is India is the first to face Trump's secondary' tariff on Russia?

Not only did Trump impose a 25% tariff on India, he also announced a “penalty” on top of the duty because the South Asian country buys Russian oil.

Industry Three days ago

Oil giant Shell posts profit beat, keeps share buyback pace steady at $3.5 billion

Shells second-quarter results come after the energy major announced plans to prioritize shareholder returns and ramp up the cost of savings.

Industry Three days ago

Rolls-Royce shares soar 9% on bumper profit and sales

Join CNBC for live updates on European markets.

Industry Three days ago

European markets head for broadly higher open as earnings deluge continues

Join CNBC for live updates on European markets.

Industry Three days ago

Trump\s tariffs could deal a blow to India\s growth and exports

The effect on Indias GDP is unclear as Trump announced an unspecified penalty in addition to 25% tariffs.

Industry Three days ago

CNBC Daily Open: The tariff rate you get is not just about your trade policies

Not only did Trump impose a 25% tariff on India, he also announced a “penalty” on top of the duty because the South Asian country buys Russian oil.

Industry Three days ago

Samsung second-quarter profit more than halves, missing expectations weighed by slump in chip business

Samsung Electronics reported a second-quarter operating profit that missed expectations and more than halved from the same period last year.

Industry Three days ago

Samsung's second-quarter profit more than halves, missing expectations as chip profits slump 94%

Samsung Electronics reported a second-quarter operating profit that missed expectations and more than halved from the same period last year.

Industry Three days ago

Samsung's profit more than halves, missing expectations as chip business plunges 94%

Samsung Electronics reported a second-quarter operating profit that missed expectations and more than halved from the same period last year.

Industry Three days ago
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