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Meta’s AI app has seen growth soar since launch of Vibes, but trails OpenAI’s Sora

by CNBC Markets | October 28, 2025 5:06 pm | US Markets

The Meta AI app has seen a major jolt in downloads since the company launched Vibes and began paying creators to make AI-generated videos.

Amazon laying off about 14,000 corporate workers as it invests more in AI

by CNBC Markets | October 28, 2025 4:14 pm | US Markets

The company said it’s cutting roles in order to help make the company leaner and less bureaucratic, while it looks to invest in generative AI.

Cathie Wood says humanoid robots will be the ‘biggest of all’ AI opportunities

by CNBC Markets | October 28, 2025 3:14 pm | US Markets

Ark Invest founder Cathie Wood on Tuesday singled out the potential for artificial intelligence to accelerate the development of humanoid robots.

Ark Invest CEO Cathie Wood flags AI market correction risk: ‘We think there will be a reality check’

by CNBC Markets | October 28, 2025 1:06 pm | US Markets

ARK Invest CEO Cathie Wood on Tuesday pushed back on fears of an artificial intelligence bubble.

Mining execs embrace ‘phenomenal’ rare earths interest from the Middle East

by CNBC Markets | October 28, 2025 1:06 pm | US Markets

Mining executives have welcomed bumper investor interest in critical minerals from the Middle East.

Chegg slashes 45% of workforce, blames ‘new realities of AI’

by CNBC Markets | October 28, 2025 6:09 am | US Markets

The online education company said the combination of artificial intelligence and diminished traffic from search engines like Google has hurt the business.

Amazon to announce largest layoffs in company history, source says

by CNBC Markets | October 28, 2025 2:04 am | US Markets

The layoffs will amount to the largest cuts to Amazon’s corporate workforce in the company’s history, according to a person familiar with the matter.

NBA reviewing prop bets, injury reporting, AI to track wagers after gambling indictment

by CNBC Markets | October 28, 2025 12:06 am | US Markets

The NBA has been rocked by a federal criminal indictment that alleges a group of sport bettors exploited inside information about teams and players to wager.

iRobot stock tumbles 30% after Roomba maker warns the search for a buyer has stalled

by CNBC Markets | October 28, 2025 12:06 am | US Markets

The Roomba maker’s financial condition has worsened since Amazon abandoned its planned acquisition of the company in 2024.

Qualcomm announces AI chips to compete with AMD and Nvidia — stock soars 15%

by CNBC Markets | October 27, 2025 11:10 pm | US Markets

The AI200, expected in 2026, and the AI250, planned for 2027, both can come in a system that fills up a full, liquid-cooled server rack, Qualcomm said.

Tesla risks losing CEO Musk if $1 trillion pay package isn’t approved, board chair says

by CNBC Markets | October 27, 2025 11:09 pm | US Markets

Tesla Board Chair Robyn Denholm said Elon Musk is key to the future of the EV maker as it focuses more on Full Self Driving and Optimus.

Largest federal worker union urges end to government shutdown

by CNBC Markets | October 27, 2025 9:09 pm | US Markets

Democrats oppose the Republican resolution to end the shutdown because they want any measure to extend enhanced Affordable Care Act tax credits.

Qualcomm announces AI chips to compete with AMD and Nvidia

by CNBC Markets | October 27, 2025 8:15 pm | US Markets

The AI200, expected in 2026, and the AI250, planned for 2027, both can come in a system that fills up a full, liquid-cooled server rack, Qualcomm said.

Bessent lists five finalists for Fed chair job and Trump says decision coming before the end of the year

by CNBC Markets | October 27, 2025 6:18 pm | US Markets

The Federal Open Market Committee meets this week, with an interest rate decision due Wednesday.

OpenAI’s spending bonanza has Wall Street focused on capex in Big Tech earnings reports

by CNBC Markets | October 27, 2025 6:17 pm | US Markets

Most of the tech megacaps report quarterly results this week, and investors are particular focused on capital expenditures.

Rare earth stocks tumble as U.S. expects China to delay export controls

by CNBC Markets | October 27, 2025 4:19 pm | US Markets

Shares of U.S.-listed rare earth miners fell on Monday as U.S. officials said they expect China to delay introducing export controls on critical minerals

HSBC to recognize $1.1 billion provision in third quarter after court ruling in Madoff case

by CNBC Markets | October 27, 2025 6:14 am | US Markets

Herald Fund SPC sued HSBC’s Luxembourg unit in 2009, claiming restitution of securities and cash it said were lost in the fraud.

Stock futures climb ahead of Big Tech earnings, widely expected Fed rate cut: Live updates

by CNBC Markets | October 27, 2025 4:05 am | US Markets

Stock futures gained Sunday, as investors bet that several potentially positive macroeconomic developments in the week ahead would boost U.S. equities.

U.S. and China officials reach consensus on rare earths, tariff pause for Trump and Xi to consider

by CNBC Markets | October 27, 2025 4:04 am | US Markets

U.S. President Donald Trump said he was confident of hashing out a deal with Chinese President Xi Jinping, whom he is expected to meet next week.

Novartis is in talks to buy U.S. biotech firm Avidity Biosciences for more than $70 a share, Bloomberg News reports

by CNBC Markets | October 26, 2025 10:05 pm | US Markets

Swiss pharmaceutical giant Novartis is nearing a deal to buy biotechnology company Avidity Biosciences for more than $70 a share, Bloomberg News reported.
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