Author: Editor-In-Chief
Qualcomm is one of the biggest semiconductor companies making chipsets.Nurphoto | Nurphoto | Getty ImagesChip stocks dropped on Tuesday, pulling back from a massive rally that broadened the artificial intelligence trade beyond Nvidia and propelled the sector to new highs. Qualcomm plummeted 13% and headed for its worst session since 2020. Intel dropped 8%, while On Semiconductor and Skyworks Solutions declined more than 6% each. The iShares Semiconductor ETF tracking the sector sank 5%. Tuesday’s declines followed a hotter-than-expected reading of a key consumer inflation measure as the war in Iran lifts oil prices, sending investors into risk-off mode. The…
Kevin Warsh took another step towards becoming Federal Reserve chair on Tuesday, clearing a key Senate vote that puts him on the central bank Board of Governors.The upper chamber voted to approve Warsh’s nomination by a 51-45 vote, on a mostly party-line basis. Only Sen. John Fetterman, D-Pa., crossed lines to vote for President Donald Trump’s pick.Next up for the nominee, who sat on the board from 2006 to 2011, is the vote to be chair, which is expected Wednesday.Terms for governors last 14 years, while the chair’s term goes for four years.Warsh’s vote also means the end of Stephen…
Threads is testing a Meta AI integration that works similarly to Grok in X. Users with public accounts can mention Meta AI in posts or replies to learn more. This feature is currently in beta testing in Malaysia, Saudi Arabia, Mexico, Argentina, and Singapore. Meta told TechCrunch via email that the feature is designed to allow people to get real-time context on trends and breaking news, as well as receive recommendations, in conversations. Users can ask questions like “Why are we talking about the World Cup this month?” and “Whose Met Gala fashion is trending right now?” referring to Meta…
CNBC’s Jim Cramer said Monday that even historically winning stocks are being crushed as fears over the Iran war begin to drive consumers away.”If consumers are really weak because of $4 and change gas, they should be buying stocks in TJX, Dollar General, Dollar Tree, Ross Stores and Five Below,” the “Mad Money” host said.But that hasn’t happened.Investors are increasingly selling consumer stocks on concerns that soaring oil prices will weigh on household spending, amid concerns that the Iran war could drag on after President Donald Trump’s rejection of Tehran’s latest offer to end the conflict. of SPDR S&P Retail…
A customer buys beef at a grocery store in Los Angeles on April 6, 2026.Justin Sullivan | Getty ImagesAmerican consumers are blaming the Iran war for the recent spike in inflation. But data shows that prices are rising in many areas, not just energy.The Consumer Price Index rose a seasonally adjusted 0.6% in April, bringing the 12-month inflation rate to 3.8%, the Bureau of Labor Statistics said Tuesday. Annual inflation is currently running at its highest level in nearly three years.”Consumers are doing their best to absorb higher energy costs, but they haven’t found much other relief,” said Brett Kenwell,…
Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. Here’s what CNBC TV producers were watching when the S&P 500 closed above 7,400 for the first time, and what they’re watching for next. The record-breaking Nasdaq 100 hit a new high on Monday. The index has risen about 17% in the past month. The S&P500 hit a new all-time high. The index has risen 8.7% in the past month. The Nasdaq Composite hit a new…
An Amazon worker pulls a cart of packages for delivery on in New York City, July 12, 2022.Michael M. Santiago | Getty ImagesAmazon is rolling out “ultra-fast” deliveries to get packages to consumers in 30 minutes or less in dozens of cities across the U.S., the company announced Tuesday, marking its most aggressive push yet into quick commerce. The company started piloting the service, called Amazon Now, in a handful of American cities in December. It’s also launched deliveries in 15 minutes or less in parts of Brazil, Mexico, India and the United Arab Emirates. Amazon said in a blog…
We know you’re thinking you don’t need another weather app. There are already too many apps, including your phone’s default apps, radar apps, and severe weather apps, that give you 47 data points before you even have your morning coffee. The data is helpful, but very incomplete. Things change drastically without warning or explanation. You could get caught in the rain, fall prey to the hype, or worst of all, fail to notice extreme weather before it’s too late. A good forecast allows you to know what will happen. A good weather app will help you understand the weather forecast,…
Asia-Pacific markets traded mixed on Tuesday as investors shrugged off fresh doubts over the fragile ceasefire between the United States and Iran after President Donald Trump warned that the ceasefire was “on massive life support.”President Trump on Monday questioned the viability of the U.S.-Iran ceasefire, saying the fragile truce was effectively on “life support” after Tehran’s unacceptable response to U.S. proposals to end the conflict.”You could say a cease-fire is a massive life-saving procedure. Doctors come in and say, ‘Doctor, your loved one has about a 1% chance of survival,'” he said.Japanese Nikkei Stock Average rose 0.52% to 62,742.57, and…
Softbank CNBC reported that the Japanese investment giant has injected more than $450 million into the semiconductor company as it aims to continue its core business in AI infrastructure and hardware.Graphcore, which develops AI chips and systems and was acquired by a major Japanese company in 2024, issued one share worth $457 million on April 10, according to a filing with the Corporate Affairs Agency. A Graphcore spokesperson confirmed to CNBC that the funding came from SoftBank. Softbank has been contacted for comment.At the time of the acquisition, SoftBank said UK-based Graphcore would work with the company to develop artificial…