AI data center stocks and Musk's SpaceX decline as Texas governor result raises risks of a slowdown
AI fortunes were mixed as premarket trading opened on Wednesday.
CNBC US News
SpaceX signs deal with Qualcomm to provide network technology for U.S. mobile service
SpaceX struck a multiyear deal with Qualcomm to build out base stations for its Starlink Mobile cellular network.
Private companies added 86,000 jobs in October, slightly higher than expected, ADP says
Private-sector job growth held steady in October, with gains spread across sectors
Mortgage rates drop for the third straight week, but homebuyers are still leaving the market
Mortgage rates came down again last week, but mortgage demand from homebuyers continued to decline, as high home prices and inflation stretch affordability.
5 midterm election takeaways: Tech billionaires suffer as Democrats drub Republicans
Elon Musk's spending may have become a liability as voters in exit polls raised concerns about government corruption and the growing influence of billionaires.
Strand bookstore to pay nearly $1.5 million over Covid loan tied to Sen. Wyden's wife
Nancy Bass Wyden, whose grandfather founded the New York City bookstore, had signed off on the PPP, which was off-limits because she is a senator's wife.
Trump DOJ sends target letters to Democrats in Alaska Senate criminal probe: Reports
"There's no doubt that the threats are threats to our democracy," said John Cusick, assistant counsel at the Legal Defense Fund.
Apple stock sinks as global memory crisis hurts profits, giving Ternus his first big test
In John Ternus' first earnings report as CEO, Apple issued a gross margin forecast that disappointed Wall Street.
JetBlue raises bag fees for third time in a year as fuel costs bite
JetBlue raised baggage fees for the third time in a year as fuel costs continued to climb.
Ferrari raises 2026 guidance after Q3 earnings beat
Ferrari raised its 2026 guidance Tuesday after third-quarter revenue and adjusted earnings per share edged past Wall Street expectations.
Apple warns of risks related to AI agents behaving in 'unintended or unpredictable' ways
Apple’s annual filing warns that AI agents could exceed permissions, resist instructions or take actions that are difficult to reverse.
Sen. Chris Murphy still hospitalized after suffering a stroke over the weekend
Sen. Chris Murphy, a Connecticut Democrat, was still in the hospital as of Tuesday, his office confirmed.
Pfizer hikes full-year outlook on new product growth, taps company veteran as new CFO
Pfizer announced that Cecile Guegan, who has held various leadership roles at the company over the last 20 years, stepped in as CFO this month.
Job openings posted big September gain in positive sign for labor market ahead of payrolls report
The BLS reported job openings at 7.52 million, up 333,000 from August and well above the Dow Jones consensus outlook for 7.15 million
Meta seeks to raise up to $25 billion in debt sale as AI spending jumps
Meta is aiming to raise between $20 billion and $25 billion in a bond sale as the company ramps up spending on infrastructure and AI models and services.
What the 2026 midterm elections could mean for Trump's final two years
Oddsmakers and public polls place Democrats in a favorable position ahead of Election Day.
5 things to watch on Election Day as Democrats push for control of Congress
Voters head to the polls Tuesday to decide control of Congress in an election that will define the last two years of Donald Trump's presidency.
Bill Ackman warns of 'casino' stock market as speculative trading grows
"We're back to the casino-type markets when there was 95% leverage," said the founder of Pershing Square Capital Management.
Supreme Court rejects DOJ's bid to block California from counting disputed ballots
The Department of Justice's request to the Supreme Court in the California case came as it appeals dismissal of a lawsuit over Alaska's Senate election.
Yum Brands earnings beat estimates, but cyclospora outbreak weighs on Taco Bell
Taco Bell's same-store sales declined as a Cyclospora outbreak tied to lettuce served at its restaurants weighed on traffic.
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