Economy

Photo illustration of TikTok app logo on a smartphone screen displayed with the American flag. Nurphoto | Nurphoto | Getty Images Perplexity AI on Sunday revised the merger proposal it had submitted to TikTok parent ByteDance. The proposal, which would create a new entity combining Perplexity and TikTok U.S., would now also allow for the […]

The World Artificial Intelligence Conference in Shanghai on July 6, 2023. Aly Song | Reuters BEIJING — A slew of releases last week demonstrate how Chinese companies such as DeepSeek and ByteDance have moved quickly with artificial intelligence models that compete with OpenAI’s ChatGPT. Now, many companies in China are increasingly building on that foundation […]

US President Donald Trump speaks to the media after signing executive orders in the Oval Office of the White House in Washington, DC, on Jan. 23, 2025. Roberto Schmidt | AFP | Getty Images President Donald Trump’s newly announced tariffs on goods from Colombia could drive up the price of some items Americans buy every […]

U.S. President Donald Trump speaks about prescription drug prices during an appearance in the Brady Press Briefing Room at the White House in Washington, U.S., November 20, 2020. Carlos Barria | Reuters Pharmaceutical companies appear to be hopeful about their growth under a Trump administrationafter former President Joe Biden took a hardline stance on the […]

Jim Cramer on Squawk on the Street, June 30, 2022. Virginia Sherwood | CNBC When we talk during the 9 a.m. ET hour of CNBC’s “Squawk on the Street,” the morning show I love so much, there’s never time to flesh things out. We hit topic after topic: bang, bang, bang. Occasionally, though, Carl Quintanilla […]

Ferrari’s all-electric model won’t be launched for over a year, but early tests indicate it has all the driving traits and emotion of a true Ferrari, according to Ferrari CEO Benedetto Vigna. “The final judge will be the client,” Vigna told CNBC during the opening of the company’s new E-Building in Maranello, Italy. “More people […]

Crude oil futures rose 1% on Monday and are on pace to post a gain for the month, as signs point to strengthening gasoline demand in the US and geopolitical tensions flare again in the Middle East. Oil prices pulled back Friday, snapping a recent winning streak, but closed out the week nearly 3% higher. […]

A photo illustration depicting the cryptocurrency bitcoin. Jakub Porzycki | NurPhoto via Getty Images Bitcoin continued its descent on Monday, sliding below $60,000 for the first time since May 3. The price of the flagship cryptocurrency was last down 7% at $59,562.54, according to Coin Metrics. Earlier, it fell as low as $59,021.42, about 19% […]

Luis Alvarez | Digitalvision | Getty Images Nvidia CEO Jensen Huang said at the World Government Summit in Dubai earlier this year, “It is our job to create computing technology such that nobody has to program.” So far in the artificial intelligence hype cycle, software engineers are still operating at full force, with demand for […]

The Truth social network logo is seen in this photo illustration on 04 December, 2023 in Warsaw, Poland. Jaap Arriens | Nurphoto | Getty Images Shares of Trump Media soared more than 21% on Monday, as the firm majority-owned by former President Donald Trump sought to bounce back from a weekslong plunge that cut the […]