Parts of the IBM Quantum System Two are displayed at IBM Thomas J. Watson Research Center on June 6, 2025 in Yorktown Heights, New York.Angela Weiss | Afp | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Just as artificial intelligence turned the data center sector into a gold mine, quantum computing is already ramping up…
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Raquel Urtasun (L), Waabi founder and CEO, and Lior Ron (R), who has joined Waabi as chief operating officer after growing Uber Freight to a $5 billion revenue company.WaabiLior Ron, founder and CEO of Uber Freight, is joining self-driving truck startup Waabi as chief operating officer.The move, Ron says, is based on his belief that the era of autonomous big rigs on the roads at scale is here, with the freight industry to be transformed by the economics of driverless technology in the semi cab.”The first decade of my career in logistics was building Uber Freight, putting the rails in…
Check out the companies making the biggest moves midday: AST SpaceMobile — The satellite company soared 11% after it said that it’s planning to execute 45 to 60 satellite launches by 2026, with at least five orbital launches anticipated by the end of the first quarter next year. Mercury Systems — The defense contractor surged more than 24% after it reported fiscal fourth-quarter results that beat analyst expectations. Mercury earned 47 cents per share, excluding certain items, on revenue of $273.1 million. Analysts polled by FactSet expected a profit of 22 cents per share on revenue of $244 million. Hillenbrand…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast Money’Fast Money’ trader Tim Seymour talks how to play pot stocks as Pres. Trump floats changing federal marijuana classification.03:1331 minutes agoMelissa Lee Source link
Artificial intelligence startup Perplexity AI has made an unsolicited $34.5 billion bid for Google’s Chrome browser, CNBC confirmed on Tuesday.That figure is higher than Perplexity’s current valuation, but the company said several investors have agreed to back the deal. In July, Perplexity was valued at $18 billion as part of an extension that valued the company at $14 billion months earlier.Google did not immediately respond to CNBC’s request for comment. The Wall Street Journal was first to report the bid.Perplexity is best known for its AI-powered search engine that gives users simple answers to questions and links out to the…
Nvidia CEO Jensen Huang and U.S. Secretary of the Interior Doug Burgum attend the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | ReutersChina has told companies to refrain from using Nvidia’s H20 chips after the chipmaker recently received approval to resume shipping the less advanced artificial intelligence product, Bloomberg reported, citing sources familiar with the matter.Authorities have recently told companies to avoid using the Nvidia chips, or those from Advanced Micro Devices, for government and national security use cases, according to the news outlet.The report comes after the White House confirmed on Monday…
Spencer Platt | Getty ImagesInflation held steady in July as price declines for staples like groceries and gasoline helped offset price increases for consumers.However, there were worrying signs under the surface, including evidence that Trump administration policies are stoking inflation for certain goods and services, economists said. Those effects will likely become more pronounced later this year, they said.”Tariff and immigration policy fingerprints are all over the report,” Mark Zandi, chief economist of Moody’s, said.”The tariff and immigration effects aren’t screaming at us, but they’re certainly speaking very loudly and over the next couple months they’ll start yelling,” Zandi said.The…
The market really liked what it saw in Tuesday’s inflation report. The Bureau of Labor Statistics reported that the consumer price index increased by 2.7% year over year in July . That’s slightly less than a Dow Jones estimate for a 2.8% advance. The report jolted stocks . Futures contracts tied to the major U.S. benchmarks surged following the release, as the new data gave investors hope the Federal Reserve will cut rates not once, not twice, but three times before year-end. Take a look at Fed rate cut expectations for the final three meetings of the year relative to…
Tesla CEO Elon Musk’s threatened legal action against Apple over its App Store rankings could hurt the larger company, according to prominent tech analyst Dan Ives. Elon Musk, who’s also the CEO of xAI, the startup behind AI chatbot Grok, on Monday threatened to sue Apple over alleged antitrust violations tied to rankings of Grok’s app. Musk accused the iPhone maker of favoring other AI competitors in its App Store. “It’s a massive headache and headwind for Apple,” Ives, global head of tech research at Wedbush Securities, said on CNBC’s “Worldwide Exchange” early Tuesday. “The last thing you want right now…
U.S. President Donald Trump speaks next to Federal Reserve Chair Jerome Powell during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | ReutersPresident Donald Trump on Tuesday threatened to allow a “major lawsuit” against Federal Reserve Chairman Jerome Powell to go forward, dramatically escalating his efforts to pressure the central bank leader to immediately lower interest rates.The president said on Truth Social that the lawsuit would relate to Powell’s management of major renovations at the Fed’s headquarters in Washington, D.C., which has become one of Trump’s…
