Author: Editor-In-Chief

House Minority Leader Hakeem Jeffries speaks at the CNBC CEO Council Summit in Washington on June 2, 2026.CNBCHouse Majority Leader Hakeem Jeffries said Tuesday that Democrats are not focused on impeaching President Donald Trump if they regain a majority in Congress, at least “for now.”Jeffries told CNBC’s Emily Wilkins at the CNBC CEO Council Summit in Washington that Democrats will continue to pursue housing affordability as they aim to flip the House in the November midterm elections. Jeffries said the Trump administration is “completely and completely out of control,” but declined to comment on the prospect of starting impeachment proceedings…

The price of AI is high, and some companies are cutting back on usage to keep costs down. This group also includes Uber, which recently imposed internal usage caps as a way to reduce exorbitant AI spending. According to a report from Bloomberg, the company has instituted new rules that cap the amount of money per employee and agent coding tools, including Anthropic’s Claude Code and Cursor, at $1,500 per month. Usage can be tracked through an internal dashboard that each employee has access to, but the company says it can exceed the limit in some cases with permission. This…

Is it “SaaSpocalypse Never”?Software stocks have rebounded sharply from an artificial intelligence-driven selloff that saw the group fall nearly 40% from last year’s highs, and rose about 6% on Monday, delivering its best performance for the year. iShares Enhanced Technology Software Sector ETF (IGV) It entered positive territory for the first time. After recovering 44% from its April lows, the fund is now less than 9% below its all-time high from September.Cybersecurity stocks are leading the way. Amplify Cybersecurity ETF (HACK) It is now up more than 30% year-on-year, driven by profits from companies such as . cloud strike and…

Now the same thing happened with Hewlett Packard Enterprise. Shares soared nearly 25% after the company announced a sharp decline in its fiscal second quarter 2026 results due to strong data center demand. Similar to Dell, HPE stock’s reaction appears justified given the significant outlook upgrade. TheStreet had expected full-year earnings per share (EPS) of $2.42. This was not surprising since previous EPS guidance was $2.30 to $2.50. Incredibly, HPE management increased its stock from $3.35 to $3.45 while simultaneously providing positive early commentary for fiscal 2027. At the midpoint, the new guide shows HPE’s earnings per share outlook increasing…

Federal Housing FHFA Director William J. Pruitt speaks to reporters at the White House on Thursday, July 24, 2025.Sarah L. Voisin | Washington Post | Getty ImagesPresident Donald Trump’s appointment of Bill Peult as acting director of national intelligence will give the president’s Housing Authority attack dog control over the nation’s most sensitive secrets, a move analysts fear could further politicize the agency and undermine U.S. intelligence gathering.Bill Pulte, head of the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, was selected by President Trump on Tuesday morning to replace outgoing DNI Tulsi Gabbard. Mr. Pulte had…

In the United States, voters in six states are participating in primaries that will be the final round of the crucial midterm elections in November.Tuesday is one of the busiest primary days of the year, with voting taking place in Iowa, Montana, New Mexico, New Jersey, South Dakota and California.Recommended stories list of 3 itemsend of listCandidates for more than 74 seats in the U.S. House of Representatives are on the ballot today as voters decide who advances to the November general election.Tuesday’s results could shape the political landscape for the remainder of President Donald Trump’s second term, as the…

Check out the companies making headlines before the bell: Marvell Technologies — Shares soar 25% after Nvidia CEO Jensen Huang said Marvell could be the next trillion-dollar company. Hewlett Packard Enterprise — IT stocks soared 25% after Hewlett Packard reported earnings and earnings guidance for the current quarter that beat analysts’ expectations. The company also raised its full-year profit forecast, exceeding consensus estimates. Victoria’s Secret — The lingerie retailer raised its full-year outlook after beating profit expectations in the fiscal first quarter, citing lower customs costs. Victoria’s Secret now expects full-year sales of $7.03 billion to $7.13 billion, up from…

shares of hewlett packard enterprise The company soared 15% on Tuesday, posting its biggest gain since 2018 and its fastest pace on record.CEO Antonio Neri told CNBC’s “Squawk on the Street” on Tuesday that the company is “uniquely positioned” to seize the disruption brought about by artificial intelligence.“We have the best portfolio ever in this company,” he said.AI-related demand in the server division blew away analysts’ expectations for second-quarter profit. HPE reported adjusted earnings per share of 79 cents versus the expected 53 cents, and overall revenue jumped to $10.68 billion versus the expected $9.79 billion. Server revenue alone, a…

OpenAI is serious about appealing to enterprise users. On Tuesday, AI Labs released a new feature set for Codex aimed at expanding the use of agent tools in the workplace. Along with the new tools, the company released an internal report on how Codex is being used for knowledge work, and found that its uses go far beyond software engineering. “Codex now has more than 5 million weekly active users, an increase of more than 6x since the launch of the desktop app in February,” says a blog post introducing the report. “While developers remain the largest user group, knowledge…

The market is searching for a zone where there can be too much of a good thing, with prevailing positive mood leading to higher stock prices. This isn’t about the pace of the index’s rise; the S&P 500 is up nearly 20% since its March 30 low and nine consecutive winning weeks. Rather, it’s a matter of the truly supportive fundamental, technical, and macro factors, such as revenue growth, semiconductor leadership, and generous credit conditions, that could quickly overshoot and drag down returns from here. Corporate Profits Bullish strategists are right to point out that the S&P 500’s rise is…