Shinsei Motions | Istock | Getty Images Companies are investing heavily in AI-powered agents, pointing towards a future where customers’ first lines of communication when seeking an answer or wanting to buy something may be a chatbot. In October, Walmart announced a deal with OpenAI that will enable shoppers to both find and buy items…
Apple reported fiscal first-quarter earnings on Thursday that surpassed expectations, with revenue soaring 16% on an annual basis. Shares of the company were up as much as 3% in extended trading. Here are the results versus what Wall Street was expecting according to LSEG consensus estimates for the quarter ending in December: EPS: $2.84 vs. $2.67 estimated Revenue: $143.76 billion vs. $138.48 billion estimated Here is how…
York Space Systems began trading as a public company on Thursday, with founder and CEO Dirk Wallinger touting the company’s potential to be a key contributor to President Trump’s ‘Golden Dome’ project. The Denver-based space company opened on the New York Stock Exchange at $38, up 11.7% from its $34 offering price. It was valued…
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Tesla sold $430 million worth of its giant backup batteries called Megapacks to xAI, Elon Musk’s artificial intelligence startup, in 2025, according to a filing on Thursday….
“Magnificent Seven” player Apple is slated to post its fiscal first-quarter results after the bell on Thursday. All eyes are on the iPhone maker’s artificial intelligence strategy and product cycle. Apple stock has long been sitting out of the AI-fueled bull market rally. Shares are down more than 5% this year after posting a lackluster…
It’s a tale of two different megacaps so far this earnings season when it comes to artificial intelligence. Meta Platforms surged after showing signs that investments in AI is boosting the bottom line, while Microsoft shares dropped as the company struggled to justify recent spending plans to investors and showed a slowdown in its cloud…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. It seemed like Federal Reserve Chair Jerome Powell’s go-to answer yesterday was “I have nothing for you on that,” which he told reporters at least five times during his press conference. Stock futures are little changed this morning. The three…
A view of Oslo seen from the roof of the Oslo Opera House in Oslo, Norway, on Thursday, Oct. 21, 2021. Bloomberg | Bloomberg | Getty Images Norway’s $2 trillion sovereign wealth fund posted a record $1.4 billion return in 2025, its management team said Thursday, thanks to rallying tech, financial and mining stocks. By…
A Toyota dealership is seen on November 19, 2025 in Austin, Texas. Brandon Bell | Getty Images Toyota Motor has retained its position as the world’s top-selling automaker in 2025, posting record sales of 10.5 million units, the Japanese auto giant reported on Thursday. Sales of Toyota and its luxury Lexus marque rose 3.7% from…
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Jan. 28, 2026. Kent Nishimura | Bloomberg | Getty Images As expected, the U.S. Federal Reserve left its key interest rate steady in a range between 3.5%-3.75%. But what investors…
