Mortgage demand rebounds, even as interest rates hit the highest level in over a month
Mortgage demand rebounded despite a rise in interest rates, as homebuyers take advantage of easing house prices.
CNBC US News
Russia renews threats of abandoning the Black Sea Grain Initiative, the UN-backed deal that helped reopen Ukraine’s ports
The Black Sea Grain Initiative, which may expire next month, has helped address the mounting food crisis triggered in part by Russia's war.
Google's cloud business turns profitable for the first time on record
Google has been investing heavily in cloud infrastructure to try and catch Amazon and Microsoft, but the unit has been unprofitable until now.
Microsoft reports earnings beat, says A.I. will drive revenue growth
Microsoft's Azure cloud revenue topped analysts' estimates, and the company indicated it would keep investing in artificial intelligence.
Chipotle Mexican Grill's restaurant traffic grows as the chain proves its pricing power
Shares of Chipotle jumped after the company's earnings and revenue beat Wall Street's expectations.
Illumina unveils plans to cut costs as it faces shrinking margins
The plans aim to reduce Illumina's annualized run rate expenses by more than $100 million starting later this year.
Trial begins in Trump rape-defamation lawsuit by E. Jean Carroll
Former President Donald Trump denies that he raped the writer E. Jean Carroll in a New York department store dressing room in the mid-1990s.
Mpox outbreak was wake-up call for smallpox preparation, vaccine maker Bavarian Nordic says
Bavarian Nordic plans to sharply scale up production of its Jynneos vaccine to prepare for a smallpox emergency, CEO Paul Chaplin said.
JetBlue posts quarterly loss but forecasts profit thanks to strong travel demand
JetBlue posted a loss for the first three months of the year but forecast a profit for the second quarter thanks to strong travel demand.
Japanese ispace moon landing attempt falls short at 'very end,' CEO says
Japanese company ispace aimed to be the first private enterprise to land on the moon, but lost communication and is investigating the attempt's result.
Gap will cut more than 500 workers in latest layoffs, as struggling retailer tries to reduce costs
Gap will lay off more than 500 employees in its latest round of job cuts as the apparel retailer looks to reduce costs and get back to profitability.
Cruise robotaxis now run all day in San Francisco, with public access after 10 p.m.
GM-owned Cruise's announcement is one more step towards broader commercial deployment of an autonomous alternative to ride-hailing services like Uber or Lyft
These private and public colleges top the list for most generous financial aid
These are the top public and private colleges offering the most generous financial aid packages, according to The Princeton Review.
Biogen isn't concerned about competing with Eli Lilly in the Alzheimer’s drug space, CEO says
Biogen CEO Christopher Viehbacher said during an earnings call that Eli Lilly needs to consider maintenance doses its Alzheimer's treatment donanemab.
FDA grants accelerated approval for Biogen ALS drug that treats rare form of the disease
The FDA's approval requires Biogen to further study its ALS drug tofersen to further verify its clinical benefits.
U.S. regulators warn they already have the power to go after A.I. bias — and they're ready to use it
Four federal U.S. agencies issued a warning on Tuesday that they already have the authority to tackle harms caused by AI bias.
GM to end production of electric Chevy Bolt, its first mass-market EV, later this year
The Chevy Bolt EV and EUV, a larger version of the car, make up the vast majority of the company's electric vehicle sales to date.
Nvidia has a new way to prevent A.I. chatbots from 'hallucinating' wrong facts
The announcement highlights Nvidia's strategy to maintain its lead in AI chips by simultaneously developing critical software for machine learning.
How the U.S. built a junk fee economy
Americans are collectively spending nearly $65 billion on junk fees, according to the White House.
People are using A.I. chatbots to write Amazon reviews
CNBC found several reviews for Amazon products that began with the phrase "As an AI language model," a phrase often generated by OpenAI's ChatGPT.
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