Author: Editor-In-Chief
Meta Platforms’ pledge to spend billions on Nvidia chips is a much-needed shot in the arm for the AI semiconductor giant and its recently middling stock price. Nvidia’s ferocious multi-year rally had subsided in recent months as investor money moved to other hot spots in the chip market, such as memory and storage, and as Google’s superior AI models built on its own chips stoked competition concerns. But now, Meta’s commitment to Nvidia should remind the market of the benefits of Nvidia’s technology and its central role in building AI more broadly. “NVIDIA is such a drag on this market…
Pharmaceutical giants expressed optimism that new influenza vaccines will be released this year, despite approval concerns.listen to this article | 3 minutesinformationby Reuters and Associated PressPublished February 18, 2026February 18, 2026Click here to share on social mediaShare 2shareThe federal agency responsible for regulating pharmaceutical products in the United States has announced it will review an application for a flu vaccine from pharmaceutical giant Moderna, a week after the company rejected the application in an unusual move.Moderna announced Wednesday that the Food and Drug Administration (FDA) has accepted an amended application seeking full approval of its new influenza vaccine for patients…
Washington-born couple Cassandra Trestle, 33, and her husband Alex Ninman, 34, were living with her grandfather in the Czech Republic when their daughter was born in 2020. They were facing a crossroads. Should I return to the US or remain overseas?The couple had been living together since March of that year when they learned Trestle’s grandfather was pregnant, and they used his grandfather’s house as a base when traveling to Europe before Trestle was due to give birth. Trestle said she had told friends she would return to the United States after her daughter was born, but when she started…
Donald Trump Jr. on Wednesday called traditional banking a “pyramid scheme” that effectively forced the Trump family to launch a cryptocurrency venture, World Liberty Financial, after the bank closed the family’s company accounts in early 2021.”We didn’t get into cryptocurrency because we were on the cutting edge,” Trump Jr. told CNBC’s “Squawk on the Street” during an interview at the World Freedom Forum on Wednesday.”We came in out of necessity,” Trump Jr. said at an event at his father, President Donald Trump’s Mar-a-Lago club in Palm Beach, Florida. “They basically forced us to come in.”Donald Trump Jr. (left) and Eric…
Dangerous and severe fire weather conditions remain Wednesday after more than a dozen new wildfires burned tens of thousands of acres in the Plains amid dry conditions and strong winds Tuesday, forcing evacuations. The Ranger Road fire was the largest and is now a major fire. The fire has exploded in size, burning at least 145,000 acres in Oklahoma and Kansas since it started early Tuesday afternoon. It’s about the same size as Chicago. Most of that extreme increase occurred in just eight hours, during which time fires burned an area equivalent to three to four football fields every second…
Newcastle United will embark on a 5,000-mile round trip on Wednesday to face Qarabag in the first round of the Champions League knockout stages.This is the first time Newcastle have reached the knockout stages in Europe, with a grueling schedule of 14 games in 45 days, including an epic trip to Azerbaijan for the first leg before a come-from-behind at St James’s Park on February 24. Qarabag lost 6-0 to Liverpool in the final round of the league, but succeeded in drawing 2-2 at home with Chelsea in the fourth round. Eddie Howe’s side will face either Chelsea or Barcelona…
Indian AI company Sarvam plans to bring newly released AI models to users by bringing them to Nokia feature phones, cars, and its own smart glasses. The company, backed by Lightspeed, PeakXV, Khosla Ventures and others, said at the ongoing India AI Impact Summit in New Delhi that it uses an edge model that takes up only megabytes of space, can run on most phones with existing processors, and can work offline. The company is partnering with HMD to bring its conversational AI assistant to Nokia and HMD phones. A video demo showed users clicking a dedicated AI button on…
Microsoft President Brad Smith talks about his vision for the future of the development and application of artificial intelligence in education in NRW during a press conference in North Rhine-Westphalia, Berlin, June 4, 2025.Soren Stasz | Picture Alliance | Getty ImagesU.S. tech companies should be “a little concerned” about the subsidies their Chinese competitors are receiving from the government in the AI race, Microsoft President Brad Smith told CNBC.As competition between U.S. and Chinese companies intensifies to develop cutting-edge models, Smith said the U.S. has an advantage in “access to the world’s most powerful chips” and “other innovations.”But he also…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Wednesday. Ever since I read about Mike’s Red Taco’s new franchise plans, I’ve been craving birria.Stock futures are rising this morning. All three major indexes ended yesterday’s trading little changed.Here are five important things investors need to know to start their trading day.1. Delivery troubleOnline retailer Amazon’s logo and lettering can be seen on the facade of Amazon’s German headquarters. Sven Hoppe | Picture Alliance | Getty ImagesAmazon Yesterday we ended a big losing streak, but the damage was done. The e-commerce giant has lost…
A week shy of the fourth anniversary of Moscow’s full-scale invasion of Ukraine, U.S.-led peace talks in Geneva ended ahead of schedule on Wednesday.The talks, brokered by President Donald Trump’s special envoy Steve Witkoff and Trump’s son-in-law Jared Kushner, are just the latest in a number of attempts to end Europe’s deadliest fighting since World War II, none of which have resulted in a breakthrough.During the 2024 presidential campaign, Trump repeatedly claimed he would broker a ceasefire in Ukraine “within 24 hours.” However, he has not fulfilled this promise.The following is a timeline of mediation efforts to end the Russia-Ukraine…