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AMD's Su explains what's behind massive forecast change as stock roars 19% on earnings Business & Finance

AMD's Su explains what's behind massive forecast change as stock roars 19% on earnings

CEO Lisa Su highlighted the growing demand for central processing units, doubling her long-term forecast after strong first-quarter earnings.

CNBC 4 months ago
Marco Rubio heads to the Vatican as 2028 presidential buzz ramps up Business & Finance

Marco Rubio heads to the Vatican as 2028 presidential buzz ramps up

Secretary of State Marco Rubio is a frontrunner to succeed President Donald Trump in 2028, and Trump is sending him to meet with Pope Leo XIV.

CNBC 4 months ago
Elon Musk's Terafab chip factory in Texas could cost up to $119 billion, filing shows Business & Finance

Elon Musk's Terafab chip factory in Texas could cost up to $119 billion, filing shows

Elon Musk's giant Terafab facility in Texas could cost up to $119 billion, with hopes of manufacturing chips for Tesla, SpaceX and xAI

CNBC 4 months ago
Anthropic, SpaceX announce compute deal that includes space development Business & Finance

Anthropic, SpaceX announce compute deal that includes space development

Anthropic has signed a deal with SpaceX, which owns rival xAI, to use all of the compute capacity at the company’s Colossus 1 data center in Memphis, Tennessee.

CNBC 4 months ago
Surging gas prices are hitting lower-income households harder, New York Fed study shows Business & Finance

Surging gas prices are hitting lower-income households harder, New York Fed study shows

Lower-income consumers are compensating for higher gas prices by buying less.

CNBC 4 months ago
Epstein files: Commerce Sec. Howard Lutnick questioned by House Oversight panel Business & Finance

Epstein files: Commerce Sec. Howard Lutnick questioned by House Oversight panel

Howard Lutnick admitted to a Senate committee in February that he and his family visited Epstein's private island in the U.S. Virgin Islands in 2012.

CNBC 4 months ago
Airlines spent 56.4% more on jet fuel in month after Iran war started, U.S. government says Business & Finance

Airlines spent 56.4% more on jet fuel in month after Iran war started, U.S. government says

U.S. airlines spent 56.4% more on jet fuel in March than they did in February, U.S. government data released Wednesday shows.

CNBC 4 months ago
Disney pops 5% after streaming, parks drive revenue beat in first report under CEO Josh D'Amaro Business & Finance

Disney pops 5% after streaming, parks drive revenue beat in first report under CEO Josh D'Amaro

Disney revenue topped analyst expectations when the media giant reported its fiscal second-quarter earnings on Wednesday.

CNBC 4 months ago
CVS blows past estimates, hikes outlook as insurance business outperforms  Business & Finance

CVS blows past estimates, hikes outlook as insurance business outperforms 

All of the health-care giant's business segments, including its insurer Aetna, its retail pharmacy and health services unit, surpassed expectations.

CNBC 4 months ago
Dow futures surge 500 points as oil dives on report Iran war nearing end, AMD jumps: Live updates Business & Finance

Dow futures surge 500 points as oil dives on report Iran war nearing end, AMD jumps: Live updates

Buoyed by solid earnings and lower oil prices, the S&P 500 and Nasdaq Composite both reached new intraday and closing highs on Tuesday.

CNBC 4 months ago

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