Intel CEO Lip-Bu Tan holds a wafer of CPU tiles for the Intel Core Ultra series 3, code-named Panther Lake, outside the Intel Ocotillo campus in Chandler, Arizona. Panther Lake is the first client system-on-chips (SoCs) built on the Intel 18A process node. Courtesy: Intel Intel reported third-quarter results on Thursday in which sales beat…
A Target logo is displayed outside one of their stores on August 2, 2025 in San Diego, California. Kevin Carter | Getty Images Target said on Thursday it’s cutting 1,800 corporate jobs as the retailer tries to get back to growth after four years of roughly stagnant sales. It marks the first major round of…
A shopper looks at produce at a grocery store in West Milton, Ohio, US, on Tuesday, Oct. 21, 2025. Kyle Grillot | Bloomberg | Getty Images The Friday release of September’s consumer price index report is pretty much the only game in town this month for a Wall Street that is hungry for data, raising…
Krisanapong Detraphiphat | Moment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Lawyers to the wealthy are advising clients to ramp up their charitable giving this year to…
With a handful of mega-cap tech and AI stocks at the top of the S&P 500 Index dominating the U.S. market in a way without historical precedent, portfolio concentration risk has taken on a new form for investors long told to follow some version of Warren Buffett’s stock advice to “never bet against America.” But…
The U.S. government is not in talks with quantum computing companies to take equity stakes in the firms in exchange for federal funding, a Commerce Department official told CNBC. “The Commerce Department is not currently negotiating equity stakes with quantum computing companies,” the spokesperson said in a statement. The denial comes after the Wall Street…
An exhibition room at Pop Mart’s theme park, Pop Land, in Beijing, on June 18, 2025. Pedro Pardo | Afp | Getty Images Shares of Chinese toymaker Pop Mart fell 9% Thursday, notching the stock’s worst day since April and extending its declines since a late-August peak. The company behind the popular Labubu dolls, a…
Check out the companies making the biggest moves midday: Super Micro Computer — The computer server manufacturer slumped 7% after cutting its fiscal first-quarter revenue forecast to about $5 billion from a prior estimate of $6 billion to $7 billion. Quantum computing stocks — Quantum computing shares jumped on a Wall Street Journal report that…
Honeywell moved higher Thursday after the sprawling conglomerate reported a quarterly beat and a full-year guidance raise ahead of next week’s first step to split into three companies. Revenue in the third quarter ended Sept. 30 rose 7% year over year to $10.41 billion, topping expectations of $10.11 billion, according to market data service LSEG….
Jasondoiy | E+ | Getty Images Amid recession fears, a government shutdown and tariff uncertainty, consumers are increasingly diverging in their spending. Wealthier Americans are engaging their purchasing power, while lower-income Americans are starting to pull back — commonly described as a “K-shaped” economy. Friday’s consumer price index report could shed more light on the…
