President Donald Trump signed his “big beautiful” spending bill into law on July 4. One provision is an increase to the maximum child tax credit, raising it from $2,000 per eligible child to $2,200 beginning in 2026. The 2017 Tax Cuts and Jobs Act temporarily increased the credit from $1,000 to $2,000, but was set…
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s market-dominating Google Chrome, three people familiar with the matter told Reuters. The browser is slated to launch…
The letters AI, which stands for “artificial intelligence,” stand at the Amazon Web Services booth at the Hannover Messe industrial trade fair in Hannover, Germany, on March 31, 2025. Julian Stratenschulte | Picture Alliance | Getty Images Amazon said Wednesday that its cloud division has developed hardware to cool down next-generation Nvidia graphics processing units…
Boxes of various Kellogg’s cereals are displayed on shelves at a Walmart Supercenter on May 6, 2025 in Austin, Texas. Brandon Bell | Getty Images Shares of WK Kellogg soared more than 50% on Wednesday following a report that chocolate maker Ferrero is close to a roughly $3 billion deal to buy the cereal company….
One corner of the energy market is poised to gain as data centers drive demand for natural gas-fueled power, according to TD Cowen – and a few of those providers pay attractive dividends, too. Midstream natgas companies own pipelines and other infrastructure to move oil and gas products, and the burgeoning demand for gas should…
Of the 25 stocks within the VanEck Semiconductor ETF (SMH) , seven components are within 3% of their 52-week highs. ASML is not one of them — it’s trading about 30% below its own 52-week high which, ironically, was set almost exactly a year ago on July 11. However, ASML may be one of the…
Former New York Giants quarterback Eli Manning is no longer interested in buying a minority stake in his old team, telling CNBC Sport Wednesday that he’s been priced out. “Basically, it’s too expensive for me,” Manning told CNBC Sport in an interview. “A 1% stake valued at $10 billion turns into a very big number.”…
Shares of global product design and technology company SharkNinja could see even more upside, in part due to Oscar-winning film star Brad Pitt, according to Bank of America. The bank reiterated its buy rating on the name and upped its price target to $130 from $125, which implies more than 23% upside from Tuesday’s closing…
Here are some of the companies making big moves in midday trading. Monster Beverage — The energy drink manufacturer dropped nearly 3% after Rothschild & Co. downgraded shares to neutral from buy. Analyst Charlie Higgs pointed to uncertainty around aluminum tariffs, noting that “this has yet to be reflected in consensus estimates, which look too…
Top executives from tech, media and finance gathered in Sun Valley, Idaho, for Allen & Co.’s annual conference this week, an event that is often referred to as “summer camp for billionaires.” Apple CEO Tim Cook, Walmart CEO Doug McMillon, Disney CEO Bob Iger and OpenAI CEO Sam Altman were all pictured entering the lodge….
