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U.S., UAE agree on path for Emirates to buy top American AI chips, Trump says

by CNBC Markets | May 16, 2025 2:09 pm | US Markets

The U.S. and United Arab Emirates are working on a path to allow Abu Dhabi to purchase some of the most advanced American-made chips.

Musk’s xAI says Grok’s ‘white genocide’ posts resulted from change that violated ‘core values’

by CNBC Markets | May 16, 2025 10:06 am | US Markets

Elon Musk’s xAI said an “unauthorized modification” to its Grok chatbot led to unprompted responses about “white genocide” in South Africa.

Former FBI Director James Comey under investigation for post seen as a potential threat to Trump’s life

by CNBC Markets | May 16, 2025 7:06 am | US Markets

Several Trump allies accused Comey of calling for the president’s assassination in a now-deleted Instagram post. He denied it was meant as a threat.

Cerebras CEO says chipmaker’s ‘aspiration’ is to hold IPO in 2025

by CNBC Markets | May 16, 2025 6:05 am | US Markets

Cerebras CEO Andrew Feldman said his hope is that the AI chipmaker goes public in 2025 after a delay last year.

Coinbase confirms user metric investigation, says it’s working with Trump’s SEC to resolve

by CNBC Markets | May 16, 2025 4:04 am | US Markets

Shares of Coinbase took another leg lower Thursday afternoon on a report the SEC is investigating whether the crypto exchange has misstated its user numbers.

Trump’s military parade cost: Up to $45 million for D.C. march

by CNBC Markets | May 16, 2025 4:04 am | US Markets

Trump has wanted to stage a military parade through D.C. stretching back to his first term as president, and he recently defended the cost of doing so.

Nvidia owned $900 million in CoreWeave stock as of March, filing shows

by CNBC Markets | May 16, 2025 4:04 am | US Markets

According to a filing on Thursday, chipmaker Nvidia owned about $900 million worth of stock in AI infrastructure provider CoreWeave at the end of March.

The U.S. has struggled for crypto clarity. Canada may have the answer

by CNBC Markets | May 16, 2025 3:05 am | US Markets

Canada’s clear crypto regulations have made it a launchpad for blockchain growth, drawing interest from Wall Street.

Feds charge 13 men in $265 million crypto theft ring that blew $13M on exotic cars, nightclubs

by CNBC Markets | May 16, 2025 3:04 am | US Markets

S&P 500 closes higher for a fourth day, Dow jumps more than 250 points: Live updates

by CNBC Markets | May 16, 2025 2:04 am | US Markets

The broad market index ended Thursday higher, posting a fourth straight day of gains.

White House announces AI data center campus partnership with the UAE

by CNBC Markets | May 16, 2025 2:04 am | US Markets

The announcement comes as President Donald Trump visited the United Arab Emirates as part of a broader trip to the Middle East.

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

by CNBC Markets | May 16, 2025 2:04 am | US Markets

Other restaurant companies have reported same-store sales declines and falling traffic as consumers have pulled back their restaurant spending.

Trump’s Qatar jet gift ‘rife with political espionage,’ says Republican senator

by CNBC Markets | May 16, 2025 12:06 am | US Markets

Sen. Susan Collins, R-Me., joins a growing number of Republicans questioning Trump’s plan to accept a $400 million jet from Qatar to use as Air Force One.

FBI warns of AI voice messages impersonating top U.S. officials

by CNBC Markets | May 16, 2025 12:06 am | US Markets

The FBI has said that criminals are using generative artificial intelligence to carry out new financial fraud schemes on a larger scale than previously.

China keeps hold on rare earth metals after lifting some U.S. export curbs

by CNBC Markets | May 15, 2025 10:06 pm | US Markets

China’s lifting of export controls on 28 U.S. firms was part of a preliminary 90-day tariff pause.

UnitedHealth Group shares plunge 18% on reported DOJ probe into possible Medicare fraud

by CNBC Markets | May 15, 2025 9:05 pm | US Markets

Shares of UnitedHealth Group are down roughly 49% this year following a string of setbacks for the company.

Trump presses Supreme Court on birthright citizenship ahead of oral arguments

by CNBC Markets | May 15, 2025 7:07 pm | US Markets

Three federal district court judges have issued injunctions blocking Trump’s executive order, which would end a right to birthright citizenship in many cases.

Here’s exactly how unaffordable today’s housing market is — and where it’s getting worse

by CNBC Markets | May 15, 2025 7:07 pm | US Markets

The housing shortage is finally easing, but even with more listings available, the market still historically unaffordable to a huge swath of buyers. Here’s why.

Fed’s Powell cautions about higher long-term rates as ‘supply shocks’ provide policy challenges

by CNBC Markets | May 15, 2025 7:06 pm | US Markets

Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.

Watch Fed Chair Jerome Powell deliver live remarks on policy review

by CNBC Markets | May 15, 2025 7:06 pm | US Markets

Federal Reserve Chair Jerome Powell speaks Thursday morning to the Thomas Laubach Research Conference.
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