Author: Editor-In-Chief

Two years and $250 million in litigation later, Apple’s AI Siri makeover is making its way to your phones, laptops, and even mixed reality headsets. If you’re one of the three or so people who actually use Apple Vision Pro. Apple revealed a slew of new information during Monday’s WWDC keynote about a long-awaited AI-powered update that could take advantage of the fact that our hardware is supposedly “built for Apple Intelligence.” To be honest, it’s hard to be impressed by AI enough to use it in our daily lives. I still don’t trust LLMs to consistently provide accurate information.…

Traders work on the floor of the New York Stock Exchange. new york stock exchangeU.S. Treasury yields fell on Tuesday as bond markets took a breather ahead of more economic data later this week. The 10-year Treasury yield, a key measure of mortgage, auto loan and credit card debt, last fell more than 2 basis points to 4.526%. The yield on the two-year Treasury note, which is typically influenced by the Federal Reserve’s short-term interest rate decisions, fell by more than 3 basis points to 4.126%. Meanwhile, the yield on long-term 30-year government bonds, which tend to respond primarily to…

GM’s Energy exhibit seen at the New York International Auto Show on April 16, 2025.Daniel DeVries | CNBCgeneral motors By promoting a variety of battery cell chemistries, the company is expanding its efforts to capitalize on the expected growth in energy storage and data centers, while increasing its support for electric vehicle owners to combat rising energy costs.The Detroit automaker on Tuesday detailed plans to enhance vehicle-to-grid capabilities for its EV customers and develop next-generation sodium-ion batteries that GM battery leaders said will “reimagine grid-scale energy storage.”Both moves are aimed at addressing concerns about rising energy costs amid the artificial…

Last year, Justin Earnest noticed a huge gap in how venture capital works. Family offices and small institutional investors were eager to invest in fast-growing AI companies, but lacked access to their cap tables. Having spent more than five years helping lead deep technology investments and fundraising at Playground Global, Ernest believed he could bridge that gap through his connections with both investors and founders. Instead of launching a formal VC fund (a process he says takes 12 to 18 months for a new manager), Earnest used his network to secure equity allocations in high-profile late-stage companies. We then propose…

Just over half of Americans say the American Dream is currently out of reach for most people, according to CNBC and SurveyMonkey’s new American Dream Pulse survey.The survey of 4,130 U.S. adults conducted May 6-11 found that about 45% of respondents said the American Dream was achievable for only a few people, and 6% said it was out of reach for everyone.The term “American Dream” was popularized in the 1930s by historian James Truslow Adams, who called it “a dream of a better, richer, happier life for all citizens of every class.” Elizabeth Suhey, a government professor at American University…

Super Micro Computer CEO Charles Liang speaks at the Raise Summit in Paris on July 8, 2025. Nathan Lane | Bloomberg | Getty Imagessuper microcomputer Shares fell 9% in after-hours trading Tuesday after the computer server maker announced a $7 billion stock-linked financing deal to cover the cost of purchasing hardware components.The company said it plans to conduct a $5 billion underwritten stock offering and a $2 billion off-market offering starting in July under the arrangement. JP Morgan Chase, goldman sachs and citygroup. Companies often see their stock prices fall after announcing a stock sale, as investors brace for the…

Google has made its affordable AI subscription plans more budget-friendly, bringing the price wars erupting in emerging markets squarely to U.S. consumers. The company announced Monday that it is cutting the monthly price of Google AI Plus from $7.99 to $4.99, while doubling the storage included in that tier from 200 gigabytes to 400 gigabytes. Vikas Kansal, product lead for Gemini AI subscriptions, told X that the storage update will be rolled out to users over the next few days. Google AI Plus launched in January as the most affordable paid AI subscription on the U.S. market, aimed at individual…

Farmers pick cotton on a farm on the outskirts of Hami, in China’s Xinjiang Uyghur Autonomous Region, on September 26, 2010. Cotton producing areas have long been the focus of forced labor concerns.Zhao Jie | Corbis News | Getty ImagesEver since the Supreme Court struck down President Donald Trump’s sweeping global tariff plans, the White House has turned to other avenues to implement the centerpiece of Trump’s trade war policies. One of those new paths became clear last week, when the Office of the U.S. Trade Representative (USTR) proposed new tariffs of up to 12.5% ​​for 59 countries and the…

CNBC’s Jim Cramer said Tuesday that technology stocks are losing many of the qualities that have made them the market’s dominant leader group for the past three years.”True bull markets have leaders, and those leaders have great characteristics,” the “Mad Money” host said. “They’re making huge profits, but they’re limited in number and they don’t have a lot of stock because these companies are constantly buying back stock.”Tech stocks led the market rally in the wake of the 2023 mini-banking crisis. According to Kramer, Magnificent Sevensemiconductor companies, and enterprise software companies generated huge cash flows, maintained fortress-like balance sheets, and…

California Democratic gubernatorial candidate Xavier Becerra (left) and California Republican gubernatorial candidate Steve Hilton (right).Getty ImagesRepublican Steve Hilton entered the general election for California governor, arguing that the state was in dire need of new leadership after more than 15 years of Democratic dominance.He will face Democrat Xavier Becerra, a former state attorney general and Biden administration health secretary who the Associated Press previously determined had enough votes.With nearly twice as many Democrats as registered Republicans in California, Hilton faces a tough electoral field in November’s election. If elected, he would be the first Republican candidate to win a statewide…