Katie Zacharia fired as White House press secretary after five days, among shortest tenures ever
Zacharia's exit after five days, amid scrutiny of her legal credentials, deepens White House turmoil ahead of midterms.
Ft · +14 outlets
Wall Street tumbles as AI debt fears and high oil prices drive selloff; Big Tech posts worst week since 'liberation day'
Worries about AI-related borrowing and a spike in crude prices sent investors into government debt and hit software and chip stocks.
Ft · +13 outlets
Oil touches $110, a five-month high, as Iran escalates Strait of Hormuz attacks
Brent's jump on Middle East escalation raises fuel and shipping costs across the economy, with Trump saying he will not send ground troops to Iran.
CNBC · +14 outlets
U.S. budget deficit swells to nearly $2 trillion for fiscal 2026, up 12% in a year
The widening deficit and Treasury yields above 5% are becoming a central economic challenge as the IMF warns growth alone will not fix the debt.
CNBC · +13 outlets
Fed's Warsh withholds rate signal, praises global tightening as markets expect an October pause
Warsh's refusal to guide on rates keeps the October decision uncertain even as traders price a hold.
CNBC · +9 outlets
CoreWeave CEO sold nearly $1 billion of stock since IPO, filings show, as shares swing wildly
CoreWeave's credit signals and insider sales are drawing scrutiny as the AI cloud provider's stock swings sharply.
CNBC · +14 outlets
Apple's $1,999 foldable iPhone Duo sells out, with deliveries slipping to 2027
Apple blamed extraordinary demand as ship dates for its first foldable slipped from October to January 2027.
CNBC · +13 outlets
Anthropic could IPO soon, but investors temper valuation expectations over revenue growth slowdown
Talk of a $1.5 trillion valuation is meeting caution as Anthropic's revenue growth cools, with NYC's comptroller raising AI safety concerns.
MarketWatch · +14 outlets
Tesla unveils long-delayed Roadster built with SpaceX, stoking merger speculation
Musk's Roadster reveal fueled talk of a Tesla-SpaceX tie-up, with prediction market odds above 50% for early 2027.
CNBC · +2 outlets
Elon Musk gives $158 million to GOP Senate super PAC as it raises a record $273 million
The mega-donations fuel a midterm spending blitz that has so far barely moved polls, with data centers a key issue in one Senate race.
CNBC · +13 outlets
Disney pays $60 million to hire 66 Character.AI staffers
The deal signals Disney's push into AI talent as it builds out interactive character experiences.
Business Insider · +1 outlets
Trump says White House did not order Starlink restrictions in Ukraine
The denial follows Ukrainian complaints that SpaceX limited connectivity without notice.
CNBC · +14 outlets
Mubadala completes $6.2 billion acquisition of Clear Channel with new CEO
The Abu Dhabi fund's deal closes with a leadership change at the outdoor advertising company.
Sixteen:Nine · +6 outlets
NextEra CEO presses SC lawmakers on $67 billion Dominion merger
The utility giant is lobbying directly with legislators as critics demand answers on the deal.
South Carolina Public Radio · +14 outlets
Citi becomes latest U.S. bank to block AI agents from customer accounts
Lenders fear chatbots could shift billions in deposits to higher-yielding accounts.
Ft · +13 outlets
G7 economies plan simulated AI attacks on banks as cyber fears rise
Finance ministers agreed to tabletop drills to prepare for future cyber attacks on financial systems.
Ft · +3 outlets
NBA tightens betting rules and develops AI to flag suspicious wagers
The league is restricting certain bets and deploying AI to detect suspicious wagering, per documents obtained by CNBC.
CNBC
Wall Street's fear gauge is ripping. Traders see it going even higher
Traders see the fear gauge going higher, with some institutions turning bullish on AI computing assets for a valuation recovery.
CNBC · +2 outlets