This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Like what you see? You can subscribe here. The big story China is taking a lean and mean approach to artificial intelligence as the tech rivalry with the U.S. intensifies. In the…
Wells Fargo CEO Charlie Scharf speaks during in interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 4, 2025. Brendan McDermid | Reuters Wells Fargo CEO Charlie Scharf said he “absolutely” supports the Federal Reserve’s independence, but that President Donald Trump is free to express…
Oracle co-founder, CTO and Executive Chairman Larry Ellison (C), U.S. President Donald Trump, OpenAI CEO Sam Altman (R), and SoftBank CEO Masayoshi Son (2nd-R), share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House on January 21, 2025 in…
LONDON — When David Bowie died in 2016, he left a vast musical legacy – and a trove of unrealized projects. Tantalizing details of those abandoned and unfinished ideas are revealed in Bowie’s archive, which opens to the public this week. The 90,000 items acquired from Bowie’s estate by London’s Victoria and Albert Museum include…
In college football, rankings are everything. The top 12 teams hold special significance — they’re in position for the College Football Playoff and have a real shot at a national championship. After Week 2 of the 2025 season, FOX Sports analyst Robert Griffin III shared his updated list of the top 12 teams in the…
Erin Scott/Bloomberg via Getty Images The Labor Department’s Office of Inspector General said Wednesday it is reviewing the “challenges” that the Bureau of Labor Statistics is facing in its data-collection efforts. The internal watchdog, in a letter, said it was initiating that probe after BLS announced a reduction in its data collection for two key…
Potbelly Sandwich Shop on October 3, 2015 in Louisville, Kentucky. Raymond Boyd Sandwich shop chain Potbelly will be acquired by convenience-store operator RaceTrac in a $566 million all-cash deal, the company announced Wednesday. The deal is expected to close in the fourth quarter of the year. Shares of Potbelly shot up more than 30% following…
Jaque Silva | Nurphoto | Getty Images Meta Platforms and TikTok on Wednesday won a legal challenge to the way EU regulators calculated a supervisory fee imposed on them under landmark tech rules, but will receive no money back while officials reformulate the levy. Meta and ByteDance’s TikTok sued the European Commission after they were…
Five years after its splashy $1.3 billion acquisition of Zoox, Amazon has officially entered the U.S. robotaxi race, which to date has been dominated by Alphabet’s Waymo. Zoox’s first public launch kicks off Wednesday on the Las Vegas strip. The company is offering free rides from a few select locations, with plans to expand more…
Movie theaters across the country are pulling out the stops for Dick Van Dyke’s 100th birthday in December. A new documentary about the song and dance man’s life, “Dick Van Dyke: 100th Celebration,” will be in theaters over his birthday weekend on Dec. 13 and 14, Fathom Entertainment said Wednesday. “It’s wonderful; a total surprise…
