Perplexity AI CEO and founder Aravind Srinivas said on Friday that the startup’s Comet browser can boost productivity so that companies won’t need extra employees. “Instead of hiring one more person on your team, you could just use Comet to supplement all the work that you’re doing,” Srinivas told CNBC’s “Squawk Box.” The CEO said…
A relentless bull market could show some wear in the coming weeks, with investors flying blind the longer the government remains in a shutdown. Stocks are at all-time highs, with tech names in particular rallying even in the absence of any government data. On Friday, each of the major averages registered a winning week, with…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) Wall Street holds near record highs in a government-data blackout , with enough rotational energy toward left-behind groups, refreshed confidence in the AI spending frenzy, certainty of a Fed rate cut this month…
Pictured here is Louis Vuitton’s new cruise ship-shaped store in Shanghai, China, on June 28, 2025. Bloomberg | Bloomberg | Getty Images BEIJING — China’s economic slowdown isn’t discouraging U.S. and European brands from revamping their strategies to reach Chinese shoppers. Instead, the allure of the world’s second-largest consumer market is forcing companies to adapt…
CNBC’s Jim Cramer on Friday guided investors through next week on Wall Street, highlighting earnings reports from McCormick and Delta Air Lines as well as Dell‘s analyst meeting. He also suggested the economy outside of data center-related business is getting weaker and advocated for another rate cut from the Federal Reserve. “We have a lot…
A GE AC4400CW diesel-electric locomotive in Union Pacific livery is seen near Union Station in Los Angeles on Sept. 15, 2022. Bing Guan | Reuters Locomotive engineers at Union Pacific voted to ratify a new five-year contract with the railroad operator, the BLET-Teamsters union said on Friday. Under the new contract, nearly 6,000 members represented by the Brotherhood…
People hold a sign as they participate in a protest outside the U.S. Supreme Court over President Donald Trump’s move to end birthright citizenship as the court hears arguments over the order in Washington, May 15, 2025. Drew Angerer | Afp | Getty Images President Donald Trump’s effort to curtail birthright citizenship was declared unconstitutional by a…
Smoke rises during an Israeli military operation in Gaza City, as seen from the central Gaza Strip September 29, 2025. Mahmoud Issa | Reuters President Donald Trump said on Friday Israel must stop bombing Gaza immediately and that he believes Hamas is ready for peace after an earlier statement by the Palestinian militant group. Hamas…
Sean “Diddy” Combs announces his alliance with Diageo, the world’s leading spirits, wine and beer company, at a press conference at Stone Rose on October 24, 2007 in New York City. George Napolitano | Filmmagic | Getty Images Sean “Diddy” Combs was sentenced on Friday to more than four years in prison over the hip-hop mogul’s July 2 conviction on…
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – Shares of the Detroit automakers jumped Friday afternoon…
