CNBC

GM backtracks on plan to claim last-minute EV tax credits

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... person briefed on the matter told Reuters. The idea behind the program was to ease the impact of the expiration of the tax credit on dealers, who worried ...



Walmart: OnePay is rolling out crypto to mobile banking app

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OnePay will offer customers access to bitcoin and ether later this year with help from the startup Zerohash, according to people with knowledge of the matter ...



OpenAI's Sora 2 is putting safety and censorship to the test

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One former employee, who asked not to be named to discuss internal matters, told CNBC that during their tenure, OpenAI leadership had a pattern of prioritizing ...



Amazon shuts 4 Fresh stores in Southern California after UK closures

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... asked not to be named because the details were confidential. The other three stores that are closing are in cities of Mission Viejo, La Habra and Whittier ...



Oil steadies as investors weigh OPEC+ output hike against US ...

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Crude stocks fell by 3.67 million barrels in the week ended September 26, the sources said on condition of anonymity. Gasoline inventories, however, rose by ...



Government shutdown 2025: Live updates, news and analysis

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... declined to be identified speaking about the shutdown. The Federal Deposit Insurance Corporation is funded by member banks, so the industry's deposit ...



JPMorgan Chase blueprint to become first fully AI-powered megabank

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... declined to be identified speaking about the private event. JPMorgan is now early in the next phase of its AI blueprint: It has begun deploying agentic AI ...



Chinese driverless firm Momenta raising funds at $6 billion valuation

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Momenta's technology will eventually be equipped on 40 models developed by Mercedes-Benz, a person familiar with the matter said. BMW signed a similar deal ...



Electronic Arts stock jumps report it's nearing $50B take private deal

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Jared Kushner's Affinity Partners is another participating investor, according to a source familiar with the matter, who asked not to be named because the ...



Chicago Bears valued at $8.9 billion in minority stake sale: Sources

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... according to a person familiar with the deal, who asked not to be named because they were not authorized to speak publicly. That topped the $8.3 billion ...



Nvidia to invest up to $100 billion in OpenAI data center buildout

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Investments will be made at then-current valuations, said the person, who declined to be named because the details are private. Nvidia stock rose almost 4 ...



Disney: 'Jimmy Kimmel Live' will return to ABC on Tuesday

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The late-night host will address the matter during his show set to be taped on Tuesday, according to a person familiar with the matter, who spoke on the ...



Trump golden share U.S. Steel

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... person familiar with the matter. The intervention marked Trump's first use of so-called "golden share" rights, a condition of the $14.1 billion takeover by ...



Apple iPhone 17 goes on sale as questions remain over China ...

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First in line at the Apple flagship Store in Sanlitun, Beijing, this morning, was Liu — he did not wish to be identified by his full name — who told CNBC ...



Baidu shares surge amid positive signs for its growing AI business

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To train its AI models, the company has started using internally designed chips, The Information reported last week, citing people with direct knowledge of the ...



Stock market news for Sept. 18, 2025

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... people briefed on the matter. The decision to close the investigation comes after two days of talks between U.S. and Chinese officials earlier this week ...



Oracle to keep TikTok cloud agreement with China deal, sources say

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The deal is expected to close in the next 30 to 45 days, according to the sources, who asked not to be named because the details of the negotiations are ...



U.S., Chinese officials talks in Spain on trade, TikTok deadline

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But the source said the issue's public inclusion as an agenda item on the Treasury's announcement of the talks gives the Trump administration political ...



Fintech firm Lendbuzz files for IPO

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The Boston-based company is targeting a valuation of around $1.5 billion, according to a person familiar with the matter, who asked not to be named discussing ...



Nvidia and OpenAI to back major investment in UK AI infrastructure

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Nvidia and OpenAI are discussing a sizable deal to support data center development in the U.K., a person familiar with the matter told CNBC. It is expected ...



Trump presses European Union to impose 100% tariffs on India and ...

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The proposal, first reported by the Financial Times, was confirmed to CNBC's Megan Cassella by two sources familiar with the matter. Trump made the request ...



Japan's Nikkei 225 hits a new high as SoftBank surges over 10%

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... sources familiar with the matter. Oracle shares closed 35.95% higher Wednesday stateside after the cloud giant reported gobsmacking cloud demand numbers ...



Europe and the U.S. talk Russia sanctions as attacks ramp up

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European officials are now working on their 19th package of sanctions against Moscow, with one EU official, who did not want to be named as the measures are ...



Nvidia's Huang joining Trump on UK state visit next week

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The person asked to remain anonymous in order to discuss the trip. The Nvidia chief is one of several U.S. business leaders who are expected to accompany ...



CNBC's Official NFL Team Valuations 2025

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In 2024, the Cowboys generated about $300 million in sponsorship revenue, by far the most in the NFL, according to a person familiar with the matter, who ...



Taiwan estimates China spent $21 billion on military exercises in the ...

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The officials, who were briefed on the research, declined to be identified because of the sensitivity of the matter. Neither China's defense ministry nor ...



TikTok owner ByteDance sets valuation at over $330 billion

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The revised valuation and the second-quarter revenue growth details had not been reported previously. The sources declined to be named as they were not ...



Pentagon's innovation unit chief resigns in latest shake-up, sources ...

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... a person with direct knowledge of the email. He wrote that the DIU will be transitioned to new leadership overseen by Emil Michael, the Under Secretary of ...



Google scores six-year Meta cloud deal worth over $10 billion

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The agreement spans six years, said the people, who asked not to be named because the terms are confidential. The deal was reported earlier by The ...



Meta unveil Hypernova smart glasses with display, wristband at ...

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Meta's glasses are codenamed Hypernova and will include a small display in the right lens of the device, people familiar with the matter told CNBC.



Trump eyes U.S. government stakes in other chip makers that ...

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Expanding on a plan to receive an equity stake in Intel in exchange for cash grants, a White House official and a person familiar with the situation said ...



Intel in talks with other investors for equity boost, sources say

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Intel is in talks with other large investors to receive an equity infusion at a discounted price, people familiar with the matter told CNBC's David Faber.



Gates, Nvidia-backed robotics firm Field AI hits $2 billion valuation

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The latest round values the two-year-old startup at $2 billion, according to a person familiar with the matter. Field AI's latest round comes during a busy ...



Nvidia working on new AI chip for China that outperforms the H20 ...

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... people briefed on the matter said. U.S. President Donald Trump last week opened the door to the possibility of more advanced Nvidia chips being sold in ...



Tech's AI deals are leaving behind zombie companies, investors say

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OpenAI wasn't interested, said the person, who asked not to be named because the talks were confidential. OpenAI's exclusivity period for the potential ...



Three things Europe wants as leaders prepare to meet Trump

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An EU official, who follows these geopolitical topics but did not want to be named due to the sensitivity of the issue, told CNBC that "NATO article-5 like ...



Trump considering 11 candidates for Fed chair, including David ...

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... declined to be named. The new names include Jefferies Chief Market Strategist David Zervos, former Fed Governor Larry Lindsey and Rick Rieder, chief ...



China warns companies against using Nvidia and AMD chips, report ...

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... sources familiar with the matter. Authorities have recently told companies to avoid using the Nvidia chips, or those from Advanced Micro Devices , for ...



Sinclair is exploring merger options for its broadcast business

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The company and its advisors have already held deep discussions with potential merger partners, according to people close to the matter who could not speak ...



OpenStore demise endgame for once-booming ecommerce ...

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... asked not to be named because of confidentiality. Jack Archer and a selection of other brands, like Future Kind supplements, Sweat Tent portable saunas and ...



Why India is in Trump's crosshairs when crude is not even sanctioned

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The sources did not wish to be identified due to the sensitivity of the matter. India has argued that it if it were to stop buying Russian oil, a plan must ...



OpenAI talks with investors about share sale at $500 billion valuation

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OpenAI is in talks to conduct a secondary share sale at a $500 billion, according to two sources with knowledge of the matter. · Earlier this year, the company ...



OpenAI's ChatGPT to hit 700 million weekly users, up 4x from last year

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The investment is part of a SoftBank -led $40 billion fundraising round, according to a person familiar with the deal, who asked not to be named in order to ...



Trump says he will 'substantially' raise tariffs on India over Russian ...

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The sources did not wish to be identified due to the sensitivity of the matter. CNBC logo · Subscribe to CNBC PRO · Subscribe to Investing Club · Licensing ...



Trump's penalty threat puts India in a bind over Russian oil

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... did not wish to be identified due to the sensitivity of the matter. Russia has become the leading oil supplier to India since the war in Ukraine began ...



Texas Democrats Illinois Republicans redistricting quorum

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Pritzker met privately in a "robust" meeting with the party chair to talk about the Texas redistricting, according to a person close to the governor. When ...



Anthropic in talks to raise fresh capital at $170 billion valuation

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Bloomberg was first to report on the latest talks, which CNBC confirmed with a person familiar with the matter who asked not to be named due to confidentiality.



Meta goes big on AI ahead of second-quarter earnings

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... asked not to be named due to confidentiality. When Meta reports second-quarter earnings on Wednesday, Zuckerberg will make the case to investors for his AI ...



Nvidia orders 300,000 H20 chips from TSMC on robust China ...

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... declined to be identified. For comparison purposes, Nvidia sold around 1 million H20 chips in 2024, according to U.S. research firm SemiAnalysis. Nvidia CEO ...



JPMorgan Chase, Apple Card: Nearing deal to replace Goldman ...

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... declined to be identified speaking about the agreement. A deal for JPMorgan to take over the Apple Card and its huge book of loans would further burnish the ...

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