News from the economy, politics and the financial markets
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Latest news
Apple bears are proven wrong yet again as iPhone defies the China slump narrative
Memory shortages. Way behind on AI. Tariff troubles. None of that seems to matter to Apple.
Meta backtracks on decision to end Horizon Worlds VR after fans speak up
A day after announcing the Horizon Worlds would only be available on a mobile app starting in June, Meta said it changed its mind.
Eli Lilly's new shot shows solid weight loss in study — plus, a way for Nvidia to perk up
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Uber to invest up to $1.25 billion in EV maker Rivian in deal to launch 50,000 robotaxis
Uber plans to invest up to $1.25 billion in Rivian as part of a deal to deploy up to 50,000 robotaxis in several countries through 2031.
Crypto.com lays off 12% of workforce as latest company to cite AI in job cuts
CEO Kris Marszalek said the layoffs were in "roles that do not adapt in our new world" as the company integrates enterprise-wide AI.
Meta to cut back on third-party vendors in favor of AI for content enforcement
Meta is beginning a multiyear rollout of more advanced AI systems that will handle content enforcement-related tasks like catching scams and illegal media.
Tesla faces intensifying NHTSA probe of 'Full Self-Driving' in reduced visibility
The investigation involves Model S, X, 3, Y and Cybertruck EVs that can use the company's FSD-branded driver assistance systems.
OpenAI to acquire developer tooling startup Astral in boost for Codex team
OpenAI has made several recent acquisitions, including cybersecurity startup Promptfoo, and health-care technology startup Torch.
The Fed decision, Micron earnings, Amazon's USPS contract and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Alibaba revenue misses estimates in December quarter as net income drops 66%
The tech giant is one of several Chinese AI firms that have been rushing to catch up to U.S. companies in the AI race.
OpenClaw demand in China is driving up the price of used MacBooks
People in China are rushing to buy preowned computers to try OpenClaw with demand for MacBooks particularly high, according to one reseller.
Chip buyers in Europe are paying more and tapping backup stores as Iran war hits air freight
The Iran war has caused turmoil to cargo routes through the Middle East, as shipping and airports have been targeted.
How China is getting everyone on OpenClaw, from gearheads to grandmas
China's OpenClaw use is soaring as tech giants hold meet-ups to help everyone add the artificial intelligence digital assistant to their devices.
Micron revenue almost triples, tops estimates as demand for memory soars
Micron's stock has soared this year while its tech peers have struggled, as the impact of rising memory costs ripples across the industry.
Amazon says U.S. Postal Service 'walked away at the eleventh hour' in negotiations
Amazon said it was working toward a new agreement with USPS to increase volumes before talks fell apart.
Cramer weighs in on 'hack downgrade' of Starbucks — and what's behind Amazon's dip
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Meta is shutting down VR social platform Horizon Worlds in further pivot away from the metaverse
Meta is scaling back its metaverse focus, cutting studios and head count at Reality Labs to prioritize artificial intelligence.
Meta will pay Instagram, TikTok and YouTube creators with big followings to post on Facebook
Meta is offering monthly guaranteed pay and boosted reach for creators to start posting on Facebook's Reels.
How the red-hot AI data center boom is igniting demand for a new, lucrative career path: trade workers
While anxiety around AI replacing white-collar jobs has reached a fever pitch, the data center boom is creating lucrative opportunities for skilled traders.
China’s ‘AI tigers’ see shares surge after Nvidia CEO touts OpenClaw as ‘next ChatGPT’
Chinese AI stocks surged on Wednesday following upbeat remarks from Nvidia's chief executive Jensen Huang on the promise of AI agents and OpenClaw.
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