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Alibaba's core profit plunges 84% even as AI and cloud growth accelerate via US Top News and Analysis
Alibaba on Wednesday said its core profitability plunged in the March quarter amid heavy investments in tech and e-commerce.
32 minutes ago
Gas tax holiday as Trump promises? Not so fast, trucking, construction industries say via US Top News and Analysis
President Donald Trump and lawmakers are eyeing federal gas tax relief, but opponents argue a pause wouldn't help consumers and could harm roads.
45 minutes ago
China's Tencent sees boost from gaming, AI demand even as revenue comes in weaker than expected via US Top News and Analysis
The tech giant reported its first-quarter 2026 earnings on Wednesday.
51 minutes ago
Kool-Aid to launch electrolyte packets with no artificial dyes as part of Kraft Heinz makeover via US Top News and Analysis
Parent company Kraft Heinz is trying to reverse slumping sales by modernizing many of its legacy brands.
1 hour ago
Stellantis’ Leapmotor partnership points to a wider — and riskier— industry gamble via US Top News and Analysis
A recent tie-up between Jeep maker Stellantis and China's Leapmotor is seen as a watershed moment for the future of European carmaking.
1 hour ago
SoftBank posts $46 billion gain at Vision Fund driven mainly by massive OpenAI bet via US Top News and Analysis
SoftBank booked a yearly gain of $46 billion at its Vision Fund driven in large part by the huge rise in value of its investment in OpenAI.
1 hour ago
Jamie Dimon warns JP Morgan may rethink new London office if 'very smart' Starmer is ousted as UK PM via US Top News and Analysis
Starmer's leadership is under pressure, sparking concern in the bond market.
3 hours ago
CNBC's UK Exchange newsletter: Starmer’s EU push faces a harsh political reality via US Top News and Analysis
U.K. Prime Minister Keir Starmer has alighted on resetting relations with Europe as a way of reviving his flagging popularity.
5 hours ago
India hikes bullion import duties as the world's second-largest gold market faces a declining rupee via US Top News and Analysis
The government has imposed a 10% basic customs duty and a 5% tax on gold and silver imports, as per notifications issued on Wednesday.
6 hours ago
Jensen Huang joins Trump's China trip after the U.S. president called the Nvidia CEO via US Top News and Analysis
The U.S. chipmaker executive was not included in earlier lists of business leaders participating in President Donald Trump's trip to China this week.
6 hours ago
FedEx CEO brushes off Amazon's new logistics service that recently sent shares tumbling via US Top News and Analysis
FedEx CEO Raj Subramaniam argued that Amazon's recent supply chain services announcement does not pose a threat to Fedex.
11 hours ago
Trump wants gas tax relief. But slim driver savings could strain a key federal fund via US Top News and Analysis
President Donald Trump floated a federal gas tax suspension. If enacted, here's how that could impact consumers.
13 hours ago
Waymo recalls 3,800 robotaxis after glitch allowed some vehicles to 'drive into standing water' via US Top News and Analysis
Waymo issued a voluntary recall of about 3,800 of its robotaxis to fix software issues that could allow them to drive into flooded roadways.
13 hours ago
Social Security COLA for 2027 may be higher as inflation rises, new estimates find via US Top News and Analysis
As the pace of inflation increases, that may lead to a higher Social Security cost-of-living adjustment for 2027, according to new expert estimates.
13 hours ago
It's not just Iran and oil raising inflation. Prices also are reaccelerating in these other areas via US Top News and Analysis
Here's some of the places where prices are rising fast for consumers.
13 hours ago
Laid-off GM employees tell of ominous email, severance and role of AI via US Top News and Analysis
General Motors employees who were laid off Monday described their job terminations to CNBC.
14 hours ago
Auto-state lawmakers seek to keep certain Chinese vehicles out of U.S. as Trump heads to Beijing via US Top News and Analysis
Michigan lawmakers introduced a bipartisan bill to ban Chinese-connected vehicles and technology from the U.S. market over security concerns.
14 hours ago
New York City Mayor Zohran Mamdani's pied-à-terre property tax is moving ahead. But will it work? via US Top News and Analysis
New York is moving ahead with a pied-à-terre property tax in its budget. Existing taxes from around the world's major cities show the limits of the policy.
14 hours ago
Qualcomm drops 11% as chip stocks pull back from record AI-driven rally via US Top News and Analysis
The recent rally has shown a broadening of the AI trade beyond chipmaking giant Nvidia.
14 hours ago
Marty Makary resigns as FDA commissioner following industry and White House backlash via US Top News and Analysis
Makary's tenure was marked by internal dysfunction at the FDA, leadership turmoil and mounting backlash from drugmakers and physicians on regulatory decisions.
14 hours ago
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