An amazon worker unloads packages on November 29, 2024 in New York City. David Dee Delgado | Getty Images Amazon on Wednesday addressed its business relationship with the U.S. Postal Service, saying in a blog post that recent contract renewal negotiations with the carrier fell apart in December when it “abruptly walked away at the…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks tumbled on Wednesday following hotter-than-expected wholesale inflation data and rising oil prices caused by the Middle East conflict. Brent crude , the international benchmark, crept back up after…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. And happy first day on the job to Josh D’Amaro, who today replaces Bob Iger as Disney’s CEO. CNBC’s Lillian Rizzo has more on what’s in store for the Mouse House’s new leader. Stock futures are rising this morning. All…
Demand for new AI data centers is surging, but they can’t build themselves. Big Tech is funneling billions into building out these specialized facilities, with the four hyperscalers, Alphabet, Microsoft, Meta, and Amazon, committing nearly $700 billion in combined capex spending this year to fund these developments. Amazon said last month that it’s committing $12…
Sanjay Mehrotra, president and chief executive officer of Micron Technology Inc., during a groundbreaking ceremony for the new Micron Technology Inc. semiconductor manufacturing facility in Clay, New York, US, on Friday, Jan. 16, 2026. Heather Ainsworth | Bloomberg | Getty Images Micron saw its stock triple in 2025, and it’s up nearly 62% so far…
Tencent on Wednesday reported full-year revenue that topped analyst predictions, as the Chinese tech giant continues to ramp up investments in AI. Here’s how Tencent did in its full-year earnings for 2025: Revenue: 751.8 billion Chinese yuan ($109 billion), surpassing the 750.7 billion Chinese yuan expected by analysts, according to data compiled by LSEG. “We…
NVIDIA CEO Jensen Huang gestures during the NVIDIA GTC global AI conference in San Jose, California, U.S. March 17, 2026. Carlos Barria | Reuters Chinese AI stocks surged Wednesday following upbeat comments from Nvidia CEO Jensen Huang on the promise of AI agents and OpenClaw. Huang on Tuesday said that OpenClaw was “definitely the next…
Nvidia CEO Jensen Huang on Tuesday pointed to a fast-rising AI project called OpenClaw as a major step forward in how people interact with artificial intelligence. “It is now the largest, most popular, the most successful open-sourced project in the history of humanity,” Jensen told Jim Cramer in a “Mad Money” interview from the sidelines…
NVIDIA CEO Jensen Huang speaks at the NVIDIA GTC global AI conference in San Jose, California, U.S. March 16, 2026. Fred Greaves | Reuters After an extended delay in selling into the world’s second-largest economy, chipmaker Nvidia is gearing up to provide some customers in China with its H200 processors, CEO Jensen Huang said on…
Fidji Simo, CEO of Instacart Inc., speaks during an interview in San Francisco, March 3, 2022. David Paul Morris | Bloomberg | Getty Images OpenAI is focusing employee and investor attention on its enterprise business as the artificial intelligence startup gears up to go public, potentially by the end of the year, CNBC has learned….
