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Iran's chief negotiator accuses Trump of 'theater diplomacy' with Hormuz traffic near standstill
https://www.cnbc.com/2026/08/07/us-iran-war-trump-hormuz-diplomacy-oil-.html
Published: August 7, 2026 02:08
The conflict is broadening across the region, with Gulf energy infrastructure and key shipping chokepoints under renewed threat.
Oil rises amid supply disruption fears following Iran's restrictive draft plan for the Strait of Hormuz
https://www.cnbc.com/2026/08/07/oil-rises-supply-fears-iran-draft-plan-strait-hormuz.html
Published: August 7, 2026 01:00
News of Iran's restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.
Meta ordered to pay $567 million into abatement fund as remedy to child harms case in New Mexico
Published: August 7, 2026 00:19
A judge in New Mexico ordered Meta to pay $567 million into an abatement fund after a jury ruled the company violated the state’s unfair practices act.
A 'weaponized' yen: How the U.S.-Japan intervention may reshape global currency markets
https://www.cnbc.com/2026/08/07/japan-us-yen-intervention-global-currency-markets.html
Published: August 7, 2026 00:05
The unprecedented U.S.-Japan intervention to support the yen may end up shaping market behavior.
From birth to brokerage: Why South Korea is seeing a surge in infant investment accounts
https://www.cnbc.com/2026/08/07/south-korea-investment-stock-baby-accounts.html
Published: August 6, 2026 23:42
South Korean babies are turning into mini shareholders, thanks to their parents' investment strategies.
Jim Cramer highlights 5 investing themes — and the stocks to buy for each
https://www.cnbc.com/2026/08/06/jim-cramer-5-investing-themes-stocks-to-buy.html
Published: August 6, 2026 22:23
CNBC’s Jim Cramer said earnings season reinforced five investing themes he thinks will produce the market's best buying opportunities.
GAO finds Elon Musk's DOGE inflated claims of $110 billion in savings for federal government
https://www.cnbc.com/2026/08/06/doge-elon-musk-gao-government-cost-cuts.html
Published: August 6, 2026 22:19
The nonpartisan watchdog found Elon Musk's DOGE didn't cut as much federal spending as it claimed and that it fell far short of its promised $2 trillion.
Airbnb stock soars 9% on earnings and revenue beat, strong guidance for third quarter
https://www.cnbc.com/2026/08/06/airbnb-abnb-q2-earningsreport.html
Published: August 6, 2026 21:58
Airbnb said it's seeing strong demand "across all regions," contributing to the company's better-than-expected forecast.
Sweetgreen cuts full-year outlook as cyclospora fears weigh on sales
Published: August 6, 2026 21:24
The salad chain has not been implicated in the ongoing cyclospora outbreak.
Virginia governor to intervene in NextEra, Dominion merger over electricity price concerns
https://www.cnbc.com/2026/08/06/virginia-governor-nextera-nee-dominion-data-center.html
Published: August 6, 2026 20:50
Virginia's State Corporation Commission is tasked with reviewing the deal and will either accept, reject or impose conditions on it.
American Airlines will stop upgrading elite flyers to business from coach on long domestic flights
https://www.cnbc.com/2026/08/06/american-airlines-flight-upgrades-become-harder-to-get.html
Published: August 6, 2026 20:30
American Airlines will no longer give elite frequent flyers free upgrades from economy class to business on some of its longest domestic routes
Sen. Mitch McConnell says he's left rehab, will work from home
https://www.cnbc.com/2026/08/06/mitch-mcconnell-health-update-senate-gop.html
Published: August 6, 2026 20:19
"On the advice of my doctors, I'll maintain an intensive regimen of physical therapy from home during the state work period," the 84-year-old McConnell said.
Copper jumps to its highest level ever. What the metal is telling us
Published: August 6, 2026 20:07
Once a reliable gauge if economic health, "Dr. Copper" may be giving complicated signals this year.
Grindr's AI spend is paying off and its pricey new tier has had some surprises, CEO says
https://www.cnbc.com/2026/08/06/grindr-grnd-stock-earnings-ai.html
Published: August 6, 2026 20:07
Grindr says AI is boosting engineering productivity, supporting a new $350/month premium tier and driving stronger subscriber growth and retention.
Savers Value Village thrift store launches new AI tool to price items
Published: August 6, 2026 20:06
Savers Value Village is launching a new AI pricing tool to keep product prices consistent and low, the company told CNBC exclusively.
AMD buys chip startup that hardwires AI models into its silicon
Published: August 6, 2026 20:05
Taalas' current chip runs a small version of Meta's Llama 3.1, though the company is working on chips for bigger and more advanced models.
Analysis: Trump treats Fed Chairman Kevin Warsh as an ally. That creates economic risks
https://www.cnbc.com/2026/08/06/trump-fed-chairman-kevin-warsh-relationship.html
Published: August 6, 2026 19:38
Trump's reported phone calls to the Fed chairman will complicate his efforts to prove he will act independently on inflation and interest rates.
SpaceX shares passed a key test Thursday. Now sophisticated traders are betting the bottom may be in
Published: August 6, 2026 19:25
Shares of Elon Musk's rocket company were trading higher in Thursday's session even as a key lock-up provision expired.
AppLovin stock tanks on Q2 revenue miss
https://www.cnbc.com/2026/08/06/applovin-stock-q2-earnings-revenue.html
Published: August 6, 2026 19:10
Shares of AppLovin tanked 17% Thursday off a second-quarter earnings miss, falling short of analysts' expectations for revenue.
The July jobs numbers are due out Friday. Here's what to expect
https://www.cnbc.com/2026/08/06/the-july-jobs-numbers-are-due-out-friday-heres-what-to-expect.html
Published: August 6, 2026 19:03
Nonfarm payrolls are expected to post a gain of just 83,000 with an unchanged unemployment rate at 4.2%.
United Wholesale Mortgage plunges 40% after suspending dividend and raising capital
Published: August 6, 2026 17:44
"We're taking decisive action to make UWM stronger, more liquid and better positioned to win for years to come," CEO Mat Ishbia said in a statement.
Gas prices could remain high this fall even if crude prices stabilize. Here's why
https://www.cnbc.com/2026/08/06/refinery-gas-oil-prices-iran-ukraine-war.html
Published: August 6, 2026 17:39
The refining market is very tight due to the Ukraine and Iran wars, keeping gas prices elevated even as crude prices fall.
Big Tech's free cash flow — or lack thereof — only tells part of the investment story
Published: August 6, 2026 17:32
Hyperscalers are still reporting impressive growth in operating cash flow.
Trump wins last-minute reprieve temporarily blocking BBC access to his business records
https://www.cnbc.com/2026/08/06/trump-bbc-lawsuit-financial-records-court-stay.html
Published: August 6, 2026 16:05
Trump sued the BBC for $10 billion, alleging its 2024 “Panorama” documentary about the Jan. 6, 2021 Capitol attack defamed him.
Fox advertising, streaming service Tubi get boost from World Cup
https://www.cnbc.com/2026/08/06/fox-advertising-streaming-service-tubi-get-boost-from-world-cup.html
Published: August 6, 2026 15:13
Fox advertising revenue increased 78% during the quarter primarily due to the FIFA Men's World Cup and growth at ad-supported streaming service Tubi.
'AI Kill Switch' bill needs to be passed this year amid ongoing rogue agent hacks, Rep. Lieu says
https://www.cnbc.com/2026/08/06/ai-kill-switch-bill-openai-anthropic-meta.html
Published: August 6, 2026 14:57
Anthropic, Meta and OpenAI have all had incidents of AI models hacking other companies during cybersecurity testing.
Traders on Kalshi now think it's likely that the S&P 500 will hit 8,000 in 2026
https://www.cnbc.com/2026/08/06/traders-on-kalshi-say-its-likely-sp-500-will-hit-8000-in-2026.html
Published: August 6, 2026 14:48
The rise in odds come after the broad index hit record highs in a more than 5% four-day rally that ended Wednesday.
Apollo agrees to buy UK airline EasyJet in $7.7 billion deal as Castlelake withdraws
https://www.cnbc.com/2026/08/06/easyjet-apollo-castlelake-private-equity-budget-airline.html
Published: August 6, 2026 14:20
EasyJet shares tumbled Thursday after Castlelake said it would not be bidding for the U.K. airline.
NASA engineer spent $200 to start a side hustle from her closet—now it brings in over $32,000 a month
https://www.cnbc.com/2026/08/06/how-nasa-engineer-built-lucrative-voiceover-acting-side-hustle.html
Published: August 6, 2026 14:08
Voiceover actor Eryn Andrews brings in more money from her side hustle than her full-time human performance engineering job at NASA. Here's how she got started.
Fox won't renegotiate NFL media rights before current deal expires, CEO Lachlan Murdoch says
https://www.cnbc.com/2026/08/06/fox-nfl-media-rights-renegotiations-opt-out.html
Published: August 6, 2026 13:57
Fox has decided not to renegotiate its current TV deal with the NFL until the expiration of the league's opt-out clause in 2030, said CEO Lachlan Murdoch.
The divide between Eli Lilly and Novo Nordisk is widening after their latest earnings
https://www.cnbc.com/2026/08/06/eli-lilly-novo-nordisk-earnings-glp1-market.html
Published: August 6, 2026 13:45
As Lilly widens its lead in the obesity race, Novo is still racing to win back market share and restore investor confidence in its pipeline.
Family offices back clean energy and sustainability startups in July as dealmaking holds steady
https://www.cnbc.com/2026/08/06/family-offices-sustainability-startups-july-dealmaking.html
Published: August 6, 2026 13:36
Private investment firms of John Doerr and other billionaires are backing geothermal energy, nylon recycling and more.
Ford's new 'Fathom' electric pickup truck will start at $28,000
https://www.cnbc.com/2026/08/06/ford-fathom-pickup-truck-price.html
Published: August 6, 2026 13:29
It's the first vehicle to be built using the "Universal Electric Vehicle" platform that Ford has said is key to making money with EVs.
Opinion: Demis Hassabis’ new role exposes Google’s AI balancing act
https://www.cnbc.com/2026/08/06/demis-hassabis-google-reshuffle-deepmind-role.html
Published: August 6, 2026 13:15
Demis Hassabis’ new role highlights the tension between his scientific ambitions and Google’s pressure to commercialize and scale AI.
Megayacht Amadea sold for $187 million to Dubai billionaire with Trump ties
https://www.cnbc.com/2026/08/06/megayacht-amadea-sale-dubai-billionaire-trump-ties.html
Published: August 6, 2026 12:44
The sale of the Amadea caps a turbulent and controversial history for the 348-foot yacht, which was seized from a sanctioned Russian oligarch.
We're exiting our position in a spin-off play gone wrong
https://www.cnbc.com/2026/08/06/were-exiting-our-position-in-a-spin-off-play-gone-wrong-.html
Published: August 6, 2026 12:38
It will take time to restore credibility with investors after a disappointing first earnings report.
Inheriting a home can leave siblings with financial headaches — how to avoid costly mistakes
https://www.cnbc.com/2026/08/06/inherited-home-sell-rent-keep.html
Published: August 6, 2026 12:35
Siblings inheriting a home can face difficult choices over selling, renting or keeping the property.
Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination
https://www.cnbc.com/2026/08/06/warner-bros-discovery-streaming-revenue-paramount-combination.html
Published: August 6, 2026 12:13
Warner Bros. Discovery's streaming segment surpassed $3 million in revenue for the second quarter, marking a 10% increase from the year prior
EU urges Caribbean nations to shut down golden passport programs or face travel restrictions
Published: August 6, 2026 12:11
Shaquille O'Neal says WNBA players' treatment of Caitlin Clark is a rite of passage
https://www.cnbc.com/2026/08/06/shaquille-oneal-caitlin-clark-rite-of-passage.html
Published: August 6, 2026 12:00
Harsh fouls against Clark and WNBA officiating have fueled a national debate, with some lawmakers demanding accountability from the league.
SpaceX stock could face further pressure as first batch of shares unlock since IPO
Published: August 6, 2026 12:00
With the first tranche of SpaceX shares held by insiders unlocking, the stock could see downward pressure.
Peloton posts first ever annual net profit, but shares drop as outlook disappoints
https://www.cnbc.com/2026/08/06/peloton-pton-q4-2026-earnings.html
Published: August 6, 2026 11:20
Peloton delivered its first ever annual profit in fiscal 2026 but it's still working to generate sales growth as consumers pull back on big ticket purchases.
World's biggest spirits maker pops 6% on $1 billion cost-cutting plan
https://www.cnbc.com/2026/08/06/diageo-savings-plan-restructuring-earnings-spirits.html
Published: August 6, 2026 11:03
Diageo, whose brands include Johnnie Walker scotch whisky, Captain Morgan rum and Guinness stout, said costs relating to the savings program will amount to $1.2 billion.
Versant raises 2026 outlook on strength of platforms segment and advertising momentum
https://www.cnbc.com/2026/08/06/versant-vsnt-earnings-q2-2026.html
Published: August 6, 2026 11:02
Versant noted revenue growth in its platforms business, which includes Fandango and GolfNow, and now, the recent acquisition of Full Swing.
Restaurant Brands International earnings beat as Burger King's U.S. business soars
https://www.cnbc.com/2026/08/06/restaurant-brands-international-q2-2026-earnings.html
Published: August 6, 2026 10:32
Burger King's U.S. business reported same-store sales growth of 8.5%.
Ukraine’s military hits one of Russia’s biggest oil refineries in long-range drone attack
https://www.cnbc.com/2026/08/06/ukraine-war-russia-zelenskyy-oil-refinery.html
Published: August 6, 2026 09:59
The Slavneft-Yanos facility in Yaroslavl, which is situated hundreds of miles from the Ukraine border, is one of Russia's biggest oil refineries.
Hadrian valued at nearly $8 billion after fresh funding as money pours into defense tech
https://www.cnbc.com/2026/08/06/hadrian-defense-tech-ai-manufacturing.html
Published: August 6, 2026 09:54
Hadrian is one of a number of defense tech startups raising large sums and benefiting from President Trump's plans to upgrade the U.S. military.
AstraZeneca may buck a decade of pharma strategy to buy U.S. scale
https://www.cnbc.com/2026/08/06/astrazeneca-bristol-myers-merger-talks.html
Published: August 6, 2026 09:40
Reports of preliminary talks between AstraZeneca and Bristol Myers Squibb moved shares and reignited debate over Big Pharma consolidation.
Khanna to introduce 'Data Center Bill of Rights' as fight over AI power plants heats up
Published: August 6, 2026 09:30
Michigan Democratic Senate candidate Abdul El-Sayed, who won a competitive primary Tuesday, has endorsed state and local moratoriums on data centers.
Nintendo's fiscal first-quarter profit and revenue beat estimates, despite Switch 2 sales slump
https://www.cnbc.com/2026/08/06/nintendo-first-quarter-earnings-switch2.html
Published: August 6, 2026 07:40
Nintendo reported fiscal first-quarter earnings Thursday.
SoftBank posts profit beat boosted by $8.2 billion investment gain from Intel
https://www.cnbc.com/2026/08/06/softbank-q1-earnings-intel-bytedance-stakes.html
Published: August 6, 2026 07:23
SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations.
Google is expanding its AI empire — and losing the people who built it
Published: August 6, 2026 06:06
Google’s cloud boom is testing the company's commitment to frontier AI as commercial returns take priority.
Asian tech stocks drop with SK Hynix plunging 10% after Wall Street AI names fall
https://www.cnbc.com/2026/08/06/asia-tech-selloff-wall-street-samsung-sk-hynix.html
Published: August 6, 2026 05:27
Despite heightened volatility analysts remain optimistic over the outlook of the tech sector, with J.P. Morgan saying the tech sell-off had not derailed the AI investment cycle.
Bain Capital to acquire bubble tea chain Gong cha as rival MBK grapples with regulatory pressure at home
Published: August 6, 2026 05:14
Bain Capital announced it will acquire Gong cha as MBK faces regulatory pressure in South Korea.
JPMorgan's Jamie Dimon warns of high leverage: 'Somebody will disrupt the market'
https://www.cnbc.com/2026/08/06/jpmorgan-jamie-dimon-leverage-market-disruption.html
Published: August 6, 2026 02:02
JPMorgan Chief Executive Officer Jamie Dimon warned that leverage across financial markets remains elevated, adding that investors should be mindful that hidden borrowing could amplify market disruptions.
U.S. is ready to return to 'commitments,' Iran says, after Trump signals deal is near
https://www.cnbc.com/2026/08/06/us-iran-war-hormuz-trump-bessent-deal.html
Published: August 6, 2026 01:31
However, he denied that Tehran was in talks with Washington, despite claims by Trump to the contrary.
Inside India newsletter: What's behind India’s rush to sell shares in state-owned firms
https://www.cnbc.com/2026/08/06/india-lic-shares-economy-disinvestment-.html
Published: August 6, 2026 00:11
India is ramping up stake sales in state-owned companies to keep the growth engine running amid growing fiscal constraints
We're downgrading Honeywell Aerospace after a shockingly bad earnings debut
Published: August 6, 2026 00:09
The company slashed its full-year guidance on key metrics in its first earnings report since separating from the Honeywell conglomerate in June.
Jim Cramer says investors should consider buying SpaceX for their kids
https://www.cnbc.com/2026/08/05/jim-cramer-investors-should-consider-buying-spacex-kids.html
Published: August 5, 2026 22:40
CNBC’s Jim Cramer said investors should view SpaceX as a multigenerational investment, whose biggest opportunities may take decades to fully materialize.
Hollywood is cranking out billion-dollar movies again. 'Spider-Man' just joined the ranks
https://www.cnbc.com/2026/08/05/hollywood-2026-billion-dollar-movies.html
Published: August 5, 2026 21:55
Box office analysts say the resurgence of billion-dollar releases bodes well for a film industry that's still chasing pre-Covid levels, even with higher prices.
SpaceX ramps up Tesla Megapack purchases in Q2 to power its AI data centers
https://www.cnbc.com/2026/08/05/spacex-tesla-megapack-ai-data-centers.html
Published: August 5, 2026 21:32
SpaceX is using Tesla's big Megapack backup batteries to help power its Colossus AI data centers in Greater Memphis.
Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation
Published: August 5, 2026 20:36
Cook was part of a 9-3 majority that voted last week to keep the central bank's benchmark borrowing rate in a range between 3.5%-3.75%.
Etsy laying off 12% of staff in bid to streamline business, position for growth
https://www.cnbc.com/2026/08/05/etsy-layoffs-q2-earnings.html
Published: August 5, 2026 20:31
Etsy announced the layoffs along with second-quarter earnings.
Marc Benioff gets a new operating chief, as Salesforce promotes Miguel Milano
Published: August 5, 2026 20:26
Salesforce promoted revenue head and former Oracle executive Miguel Milano to role of operating chief.
E.l.f. Beauty sees $50 million windfall in tariff refunds as profits surge 100%
https://www.cnbc.com/2026/08/05/elf-beauty-elf-q1-2027-earnings.html
Published: August 5, 2026 20:06
E.l.f. Beauty received $50 million in tariff refunds during its fiscal first quarter, leading profits to nearly double.
We're increasing our Eli Lilly price target after another beat-and-raise quarter
Published: August 5, 2026 19:28
The strength of its GLP-1 business suggests the stock still has more room to run.
As Warsh and the Fed contemplate fewer meetings, markets brace for potential volatility ahead
Published: August 5, 2026 19:21
Since taking office in May, Warsh has implemented several measures that reverse decades of Fed culture.
Wall Street's 'fear gauge' is doing something unusual as stocks hit record highs
Published: August 5, 2026 19:18
Stocks and the Cboe Volatility Index move together only about 20% of the time.
Affordability is a 'defining challenge' for Americans, with food costs leading the way, report finds
https://www.cnbc.com/2026/08/05/affordability-grocery-prices.html
Published: August 5, 2026 18:28
Many consumers rely on credit cards to pay for everyday expenses, such as groceries, but some can't make the minimum payment, according to a new report.
Flutter shares plummet on earnings miss and another key leadership change
https://www.cnbc.com/2026/08/05/flutter-earnings-ceo-leadership-change-stock.html
Published: August 5, 2026 18:20
FanDuel, Flutter's most important business, has been losing its dominance in market share in the United States.
Google's AI reshuffle: Chief scientist Jeff Dean exits and Demis Hassabis steps down as DeepMind CEO
https://www.cnbc.com/2026/08/05/google-chief-scientist-jeff-dean-leaving-company-after-27-years.html
Published: August 5, 2026 17:18
Google's AI divisions are getting reshuffled, the search giant announced on Wednesday.
Salad and Go files for Chapter 11 bankruptcy after cyclospora fears worsened its challenges
https://www.cnbc.com/2026/08/05/salad-and-go-files-chapter-11-bankruptcy-cyclospora.html
Published: August 5, 2026 17:05
The upstart salad chain aimed to take on Sweetgreen and expanded rapidly under the ownership of Volt Investment.
Manager of DRAM memory chip stock trade blockbuster ETF is back with new AI thematic bet
https://www.cnbc.com/2026/08/05/chip-stocks-ai-investments-memory-dram.html
Published: August 5, 2026 16:56
Roundhill Investments' DRAM became a blockbuster ETF in record time on the memory trade. It's back with a new fund targeting another AI tech theme: photonics.
SpaceX moon crash is a perfect metaphor for rocket maker’s share price, analysts say
https://www.cnbc.com/2026/08/05/spacex-moon-crash-share-price-elon-musk.html
Published: August 5, 2026 16:17
Parts of a SpaceX rocket reportedly crashed into the moon on Wednesday
SpaceX gives Nvidia a much-needed boost. Plus, Cramer on an 'undervalued' stock
Published: August 5, 2026 15:50
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Tanger CEO says World Cup drove up traffic, sales this summer
https://www.cnbc.com/2026/08/05/tanger-ceo-world-cup-traffic-sales.html
Published: August 5, 2026 15:48
Tanger CEO Stephen Yalof told CNBC that the company saw increased store traffic and sales this summer because of the World Cup.
How Disney parks are bucking a travel slowdown
https://www.cnbc.com/2026/08/05/disney-parks-travel-attendance-revenue.html
Published: August 5, 2026 15:44
Disney posted record quarterly revenue at its parks division despite a continued slump in international travel to the U.S.
Kids Online Safety Act social media safety bill advances in Senate
https://www.cnbc.com/2026/08/05/kosa-privacy-social-media-senate.html
Published: August 5, 2026 15:42
The Kids Online Safety Act, a measure aimed at protecting children on social media, advanced to the Senate floor after it stalled in the last Congress.
Disney weighs free, ad-supported streaming, says it has sold out Super Bowl ad spots
https://www.cnbc.com/2026/08/05/disney-free-ad-supported-streaming-super-bowl-ads.html
Published: August 5, 2026 15:25
Disney is considering a free streaming product as advertising takes a bigger role in making streaming profitable.
Private companies added just 44,000 workers in July, below expectations, ADP reports
Published: August 5, 2026 15:08
Hiring at private companies slowed considerably in July, with most of the job growth coming health care.
Amazon's Zoox to launch paid robotaxi service in Las Vegas on Aug. 10
https://www.cnbc.com/2026/08/05/amazon-zoox-paid-robotaxi-rides-las-vegas.html
Published: August 5, 2026 15:00
It's the company's first commercial market after Zoox started offering free rides to the public in parts of Las Vegas and San Francisco less than a year ago.
Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says
https://www.cnbc.com/2026/08/05/bank-of-america-ceo-glp-1-drugs-cost.html
Published: August 5, 2026 14:59
Employers have grappled with soaring demand for GLP-1 drugs such as Ozempic and Wegovy, which can cost thousands of dollars per patient annually.
Trump admin refunds $100 billion in 'liberation day' tariffs
https://www.cnbc.com/2026/08/05/trump-tariffs-refunds-ieepa-lawsuit.html
Published: August 5, 2026 14:46
The Trump administration has taken steps to effectively re-create the IEEPA tariff regime using other legal authorities. They already face court challenges.
Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says
Published: August 5, 2026 13:35
Bank of America was among the prime brokers for the hedge fund, which is run by Leopold Aschenbrenner.
Stock bears obliterated as Nasdaq 100 logs top 10 bullish stat of past decade
Published: August 5, 2026 13:19
"Pessimists threw in the towel and optimism was running amok today," said Nations Indexes president Scott Nations.
Jim Cramer's top 10 things to watch in the stock market Wednesday
Published: August 5, 2026 13:17
AMD and SpaceX are pulling back after earnings. But Eli Lilly is jumping after crushing estimates.
Fed's Kashkari says 'now is the time to start slowly moving' rates up
Published: August 5, 2026 13:06
Kashkari was one of three dissenters at last week's Federal Open Market Committee meeting.
Warren presses Lutnick over UAE access to sensitive U.S. tech after Trump crypto investment
https://www.cnbc.com/2026/08/05/warren-lutnick-uae-export-controls-trump-crypto.html
Published: August 5, 2026 13:00
Sen. Elizabeth Warren asked Howard Lutnick to explain eased UAE export controls after UAE-linked entities invested in the Trump family’s crypto venture.
We're adding to our position in a chipmaker as the AI trade regains its footing
Published: August 5, 2026 12:35
The stock is still well below levels it traded at last month after earnings.
The IRS is getting better at spotting crypto tax mistakes. Here's what it means for investors
https://www.cnbc.com/2026/08/05/irs-form-1099-da-crypto-tax-reporting-rules.html
Published: August 5, 2026 12:15
Many investors who hold cryptocurrency like bitcoin and ether have a difficult time figuring out how much tax to pay on transactions.
Saudi wealth fund and Jared Kushner's Affinity finalize $55 billion EA Sports deal
https://www.cnbc.com/2026/08/05/saudi-wealth-fund-jared-kushner-ea-sports-deal.html
Published: August 5, 2026 12:08
EA said its stock has ceased trading and will be delisted from the Nasdaq. Its shareholders will receive $210 in cash per share.
Uber issues weaker-than-expected bookings, earnings forecasts for third quarter
https://www.cnbc.com/2026/08/05/uber-stock-q2-2026-earnings.html
Published: August 5, 2026 11:28
Uber's earnings were in line with estimates, but the company's guidance for the third quarter trailed expectations.
Ken Griffin's Citadel posts best month in years after scooping up Situational Awareness stocks
Published: August 5, 2026 11:13
The July gains came after Citadel acquired the bulk of the public-stock portfolio formerly held by Situational Awareness late last month.
Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels
https://www.cnbc.com/2026/08/05/mortgage-rates-hit-their-highest-level-in-over-a-year.html
Published: August 5, 2026 11:00
Mortgage rates rose to the highest level in over a year, causing total mortgage demand to drop below year-ago levels.
Disney tops earnings estimates as parks and streaming offer a boost
https://www.cnbc.com/2026/08/05/disney-dis-earnings-q3-2026.html
Published: August 5, 2026 10:59
Disney reported growth at its domestic theme parks and cruises despite mounting macroeconomic uncertainty for consumers.
CVS blows past estimates, hikes guidance as insurance unit continues to improve
https://www.cnbc.com/2026/08/05/cvs-health-cvs-earnings-q2-2026.html
Published: August 5, 2026 10:59
CVS also announced a new collaboration with Eli Lilly that will make Zepbound and Foundayo accessible to eligible patients on the CVS Health app.
Eli Lilly easily tops quarterly estimates, raises outlook as Zepbound and Mounjaro sales surge
https://www.cnbc.com/2026/08/05/eli-lilly-lly-earnings-q2-2026.html
Published: August 5, 2026 10:57
Eli Lilly now expects 2026 revenue to come in between $85 billion and $87 billion, up from a previous guidance of $82 billion and $85 billion.
Anthropic's Mythos created fake identities to fool humans in new cyber incident
https://www.cnbc.com/2026/08/05/anthropic-mythos-openai-security-breaches.html
Published: August 5, 2026 10:18
It's the latest cybersecurity incident involving frontier models developed by Anthropic and OpenAI.
Oil prices move higher after Yemen's Iran-backed Houthis claim Saudi tanker strike
https://www.cnbc.com/2026/08/05/oil-prices-iran-war-houthis-saudi-tanker.html
Published: August 5, 2026 09:53
Crude prices rose Wednesday after Yemen's Houthis claimed they had struck a Saudi Arabian oil tanker in the Red Sea.
AMD plummets 8% in premarket trading despite beating expectations
https://www.cnbc.com/2026/08/05/amd-stock-today-earnings-q2.html
Published: August 5, 2026 09:21
The chip giant has been a big beneficiary of the AI boom, with stock trading 132% up so far in 2026.
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