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CNCNBC News

5h ago

BusinessSupply Chain FocusIndustry Competition

Key takeaways

GM plans U.S. battery development as Trump's DOT attacks Ford for China ties
Most battery cells currently rely on raw materials from China. GM is seeking to establish domestic supply chains both for EVs and energy storage.
1. 1. General Motors is in the early stages of developing next-generation battery cells that the company believes can reduce U.S. dependence on China, while boosting domestically sourced materials.
1. 2. The Trump administration has placed particular focus on building up the U.S. battery supply chain and reducing its reliance on China.
1. 3. Kelty said he views sodium-ion as the best solution for ESS, because its chemistry and temperature tolerance allow for the cells to function without active cooling — a major source of cost and complexity associated with ESS.

CNCNBC News

12h ago

BusinessEmerging MarketsRisk Management

Key takeaways

Why data centers could be the next big market for catastrophe bonds
CAT bonds, or catastrophe bonds, could bring data center risk to capital markets, with the first dedicated deal potentially emerging within 12 to 18 months.
1. 1. CAT bonds, or catastrophe bonds, could provide insurers and reinsurers with a way to offload some of that risk to capital market investors over the coming months, industry experts told CNBC, although the market is only just starting to take shape.
1. 2. I would expect the first dedicated data center cat bond deal within the next 12 to 18 months.
1. 3. The CAT bond market still has a long way to go to be able to support the significant insurance limit required by the rapidly growing data center development, Evans said.

CNCNBC News

16h ago

BusinessCorporate NewsFinancial Transaction

Key takeaways

Oracle's Larry Ellison adopts trading plan to sell up to $7.5 billion worth of stock
Oracle founder Larry Ellison, the world's seventh-richest person, can sell up to 50 million of his shares in the software company under a new trading plan.
1. 1. Oracle founder Larry Ellison has entered into a trading plan that would allow him to sell up to 50 million of his shares in the software company, or $7.5 billion worth of stock at the current price.
1. 2. Ellison adopted the plan on June 22, and it's set to end on Oct. 24, according to a regulatory filing published Friday.
1. 3. Ellison, 82, has helped turn Oracle from a legacy software maker into a major player in artificial intelligence infrastructure.

CNCNBC News

23h ago

BusinessControversialOpinion

Key takeaways

Altimeter's Gerstner blasts researchers voicing AI extinction warnings, questions 'political agenda'
Brad Gerstner responded to the flurry of AI stories this week after a researcher quit his job at Anthropic, accusing AI companies of "gambling with our lives."
1. 1. Altimeter Capital CEO Brad Gerstner criticized heightened warnings from AI researchers about human extinction as detached from reality and potentially hiding a political agenda.
1. 2. Gerstner stated, "I don't think we've invested this much time and energy in safety before a new technology in my 25 years in Silicon Valley."
1. 3. His comments followed a researcher's resignation from Anthropic, who accused AI companies of "gambling with our lives" in the pursuit of superintelligence.

CNCNBC News

1d ago

BusinessControversialOpinion

Key takeaways

Dell stock jumps on RBC initiation, now up nearly 350% in 2026
Dell sold about $16.4 billion of AI servers in its second quarter, RBC said.
1. 1. Dell Technologies stock rose 10% during trading on Friday after RBC Capital Markets initiated coverage of the computer maker and gave it an outperform rating and a price target of $640.
1. 2. Friday's rise comes as Dell shares have more than quadrupled so far in 2026, as the longtime PC maker has emerged as one of the top vendors for Nvidia -based servers and related equipment that cloud companies and enterprises are snapping up for artificial intelligence.
1. 3. Dell has $95 billion in sales in its server order backlog that it hasn't yet started to fill, and it sold about $16.4 billion of AI servers in its second quarter, RBC said.

CNCNBC News

1d ago

BusinessMarket AnalysisInvestment Trends

Key takeaways

Bitcoin is back, but potential Clarity Act fail and Dem midterms win could come for crypto prices
Bitcoin's price has been rallying, but it's still down in 2026. Failure of the Clarity Act ahead of Democratic gains in the midterms could be new headwinds.
1. 1. Bitcoin's price has rebounded, rising roughly 20% over the past month and nearing $80,000, though it remains down close to 10% year-to-date.
1. 2. Flows into Bitcoin ETFs have rebounded, with the iShares Bitcoin Trust (IBIT) seeing significant net inflows, indicating renewed investor interest.
1. 3. Political risks, including the Clarity Act's procedural vote and potential Democratic gains in the midterms, could impact crypto legislation and market sentiment, though some experts believe regulatory clarity will be achieved regardless.

CNCNBC News

1d ago

BusinessConsumer SentimentInflation Concerns

Key takeaways

Consumer outlook plunges in September as inflation outlook worsens
The survey's headline index hit a level of 47.8, down 7.5% from the August reading and off 13.2% from a year ago.
1. 1. Consumer sentiment plunged in September amid heightened inflation fears, hitting its second lowest level on record on the University of Michigan's monthly survey released Friday.
1. 2. The survey's headline index hit a level of 47.8, down 7.5% from the August reading and off 13.2% from a year ago.
1. 3. Indeed, the one-year inflation outlook surged to 4.6%, up 0.6 percentage point from the prior level and the highest since hitting the same level in June.

CNCNBC News

1d ago

BusinessMarket AnalysisEconomic Data

Key takeaways

Inflation persisted in August, potentially locking in a Fed interest rate hike
The all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% gain, according to the Dow Jones consensus.
1. 1. Prices for a wide swath of goods and services continued to climb in August, according to a report Friday that raises the specter of a Federal Reserve interest rate hike next week.
1. 2. The consumer price index rose a seasonally adjusted 0.4% for the month, putting the 12-month increase at 3.4%, the Bureau of Labor Statistics reported Friday.
1. 3. Traders responded to the numbers by ramping up bets that the Federal Open Market Committee will increase its benchmark interest rate by a quarter percentage point.

CNCNBC News

1d ago

BusinessControversialOpinion

Key takeaways

Analysis: Hot CPI puts Kevin Warsh’s Fed credibility on the line before rate decision
August CPI data leave Kevin Warsh to choose between acting on his inflation warnings or risking new doubts about his control of the central bank.
1. 1. August CPI data leave Kevin Warsh to choose between acting on his inflation warnings or risking new doubts about his control of the central bank.
1. 2. Warsh's challenge is that his economic philosophy specifically frowns on making quick turns on individual data points such as the latest CPI print.
1. 3. The Fed's September meeting will be crucial in determining whether Warsh is seen as the chairman he wants to be.

CNCNBC News

1d ago

Current EventsSecurityTravel

Key takeaways

25 years after 9/11, the U.S. starts rolling back travel restrictions, from liquids to gate access
Years after 9/11, the U.S. government is walking back some security screenings as threats and technology evolve.
1. 1. The U.S. government is starting to ease some of the restrictions that were implemented after the Sept. 11, 2001, terror attacks.
1. 2. Last year, the Department of Homeland Security, which was formed after the attacks, said flyers can leave their shoes on at airports, a major change for travelers going through regular security.
1. 3. TSA this week launched a free program allowing eligible trusted travelers, including TSA PreCheck members, to apply for access to secure gate areas without a boarding pass.

CNCNBC News

1d ago

TechControversialOpinion

Key takeaways

Why fears of AI self-improvement are causing ‘existential’ concerns at Anthropic and OpenAI
AI researchers are warning that faster AI self-improvement could eventually make advanced systems harder for humans to control.
1. 1. Fears over the safety of AI systems — and their potential to wipe out humanity — gained new, viral traction this week.
1. 2. Recursive self-improvement, or RSI, is when AI itself helps improve the process of building new models, potentially leading to spiralling capability as better systems build better systems and so on.
1. 3. While AI hasn't hit the point of RSI yet, it's already accelerating the development of AI systems.

CNCNBC News

1d ago

Current EventsConflictGeopolitical

Key takeaways

Iran-backed Houthis seize key port in Yemen, advance on another vital oil choke point
The advance raises the threat to shipping near the Bab el-Mandeb Strait, a waterway that connects the Red Sea to the Gulf of Aden to global markets.
1. 1. The Iran-backed Houthi militant group has seized control of Yemen's port city of Mokha on the Red Sea coast, bringing Tehran closer to securing another point of leverage in its six-month-long conflict with the U.S.
1. 2. The Houthis' capture of Mokha is regarded as a severe setback to Saudi Arabia and the Yemeni forces it backs.
1. 3. It is now feared that the Houthis' advance toward the Bab el-Mandeb Strait could have major ramifications for global trade, particularly if the militant group ratchets up threats or attacks on Red Sea shipping.

CNCNBC News

1d ago

TechControversialSensational

Key takeaways

Chinese AI labs secretly used millions of Claude exchanges to train their models, Anthropic says
Anthropic said it detected unauthorized efforts by China-based AI labs including Alibaba and Moonshot AI to use its Claude models to help improve their own AI systems.
1. 1. Anthropic detected unauthorized large-scale efforts by China-based AI labs including Alibaba, Moonshot and DeepSeek to train their models using Claude.
1. 2. The U.S. AI company said in a threat intelligence report released Thursday that the firms were involved in what it described as "illicit distillation," a process in which outputs from a more capable AI model are used to train another model and replicate some of its capabilities without authorization.
1. 3. The Alibaba operation was the largest distillation campaign Anthropic said it has measured, involving more than 151 million exchanges with Claude between May and July.

CNCNBC News

1d ago

BusinessMarket AnalysisFinancial Data

Key takeaways

Oracle's stock edges up on earnings beat as cloud infrastructure revenue more than doubles
Oracle's results for the quarter came in stronger than expected, as did its revenue backlog.
1. 1. Oracle shares moved 4% higher in extended trading on Thursday after the software vendor issued stronger-than-expected quarterly results.
1. 2. Oracle's revenue grew almost 30% year over year in the fiscal first quarter, which ended on Aug. 31, according to a statement.
1. 3. "We closed more than $30 billion of additional AI contracts in Q1 without requiring additional capital from Oracle," Magouyrk said.

CNCNBC News

1d ago

BusinessMarket AnalysisMonetary Policy

Key takeaways

Friday's CPI inflation report is even more important than usual. Here's what to expect
The Bureau of Labor Statistics will release the August consumer price index report at 8:30 a.m.
1. 1. The Bureau of Labor Statistics will release the August consumer price index report at 8:30 a.m.
1. 2. If the Dow Jones consensus is correct, the report will show that costs for all measured goods and services rose 0.4% last month, putting the annual inflation rate at 3.4%.
1. 3. The information also is expected to figure heavily into the Federal Open Market Committee's interest rate call next Wednesday, with a percentage point either way possibly meaning the difference between a hold and a hike.

CNCNBC News

1d ago

BusinessBusinessInnovation

Key takeaways

Elon Musk's Boring Co. turns to Middle East for expansion in reaching $23 billion valuation
The Boring Co.'s latest $3 billion financing round was led by the United Arab Emirates.
1. 1. The Boring Co. announced late Wednesday that it's now valued at $23 billion.
1. 2. With the latest financing, Boring Co. has reeled in an additional $3 billion in a round led by the United Arab Emirates, where the company plans to build over 150 kilometers (93 miles) of tunnels, including a project announced in February of last year, the Dubai Loop.
1. 3. As with his other companies, where Musk's grand promises have sometimes failed to materialize, many of Boring Co.'s plans have fizzled.

CNCNBC News

2d ago

BusinessBusinessPolitics

Key takeaways

Ford announces $1 billion investment at Kentucky plant following DOT criticism
Ford Motor on Thursday announced a $1 billion investment to build a new paint shop at its crucial truck plant in Kentucky.
1. 1. Ford Motor on Thursday announced a $1 billion investment to build a new paint shop at its crucial truck plant in Kentucky.
1. 2. The announcement comes two days after Transportation Secretary Sean Duffy expressed "profound concern" about the automaker's ties to Chinese companies that the Trump administration believed could be detrimental to the Detroit carmaker and U.S. automotive industry.
1. 3. Ford, which regularly touts its position as the top-producing automaker in the U.S., called the comments a "wrongheaded attempt to capture headlines."

CNCNBC News

2d ago

BusinessMarket AnalysisEconomic Forecast

Key takeaways

The likelihood of a Fed interest rate hike next week just got a lot higher
Traders pushed chances for a rate increase to 70% in morning action.
1. 1. "At this rate, a hike in rates next week appears likely."
1. 2. "The ongoing spike in oil, combined with low jobless claims, make it hard for the Fed to not hike next week."
1. 3. Traders pushed chances for a rate increase to 70% in morning action, following a report showing increasing wholesale prices in August and a coincidental jump in U.S. crude oil prices past $100 a barrel, according to the CME Group's FedWatch gauge.

CNCNBC News

2d ago

BusinessMarket AnalysisEconomic Trends

Key takeaways

Home sales fall in August despite the highest supply in over a decade
Home sales slowed again despite the highest supply of homes for sale in over a decade. Prices, however, continue to rise.
1. 1. Sales of previously owned homes fell 2% in August from July to 3.98 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors.
1. 2. Housing supply totaled 1.62 million homes for sale at the end of August, up 3.2% from July and up 5.9% from the year before.
1. 3. Despite more supply, prices continue to rise. The median price of a home sold in august was $429,100, up 1.6% from August 2025.

CNCNBC News

2d ago

BusinessBusiness StrategyCorporate Advocacy

Key takeaways

Starbucks CEO Brian Niccol says next stage of turnaround focuses on cafe makeovers, customer experience
Starbucks is now two years into its turnaround under CEO Brian Niccol.
1. 1. Starbucks CEO Brian Niccol is prioritizing cafe makeovers and improving customer experience as part of the company's turnaround.
1. 2. The 'Back to Starbucks' plan emphasizes improving the experience for both customers and baristas and reminding lapsed loyalists why they used to love the coffee chain.
1. 3. In the company's fiscal third quarter, its same-store sales rose 7.9%, lifted by strong performance in the U.S., its biggest market.

CNCNBC News

2d ago

BusinessBusinessTech

Key takeaways

Amazon gives OpenAI's ad business a boost, letting its advertisers into ChatGPT
Amazon has been hesitant to open its sprawling webstore to external AI platforms.
1. 1. Amazon is partnering with OpenAI to let its advertisers run ads in ChatGPT, starting with select brands in the U.S.
1. 2. It marks a vote of confidence from the world's largest online retailer in OpenAI's burgeoning ad business, which recently reached a $1 billion annualized revenue run rate.
1. 3. Amazon said in a blog post that conversational ad formats like those that appear in AI chatbots are the "fastest growing engagement opportunity" for brands to reach new and existing customers.

CNCNBC News

2d ago

BusinessIndustry AdvocacyFinancial Tech

Key takeaways

Coinbase partners with Moov to boost community bank stablecoin capabilities before Clarity vote
A bill to regulate digital assets is due for a preliminary vote in the U.S. Senate next week.
1. 1. Coinbase is partnering with financial services provider Moov to increase access to stablecoin capabilities such as acceptance, settlement and real-time funding for community banks and credit unions ahead of a key vote on crypto legislation in the U.S. Senate next week.
1. 2. The bill, which has languished in Senate limbo for months, would set up a first-of-its-kind regulatory framework for cryptocurrencies and other types of digital assets.
1. 3. The new partnership may help bridge the divide between community banks and crypto.

CNCNBC News

2d ago

Current EventsControversialOpinion

Key takeaways

OpenAI, Anthropic researchers ramp up calls for AI slowdown as warnings of catastrophic risk intensify
There is growing concern globally about the capability of AI, following numerous cyberattacks and security incidents in recent months by rogue models
1. 1. OpenAI and Anthropic researchers are ramping up calls for an AI slowdown and warning of existential risks to humanity after the resignation of a researcher at Anthropic fueled fresh scrutiny.
1. 2. He added that those building AI believed that it could "kill us all by the end of the decade."
1. 3. The public warnings are the culmination of growing concern globally about the capability of AI, following numerous cyberattacks and security incidents in recent months by rogue models developed by both OpenAI and Anthropic.

CNCNBC News

2d ago

Current EventsControversialOpinion

Key takeaways

Trump warns Tehran over Pickaxe Mountain activity; U.S.-Iran exchange attacks on ships near Hormuz
U.S. President Donald Trump has urged Iran "not to get cute" over activity at a suspected nuclear site on Pickaxe Mountain.
1. 1. U.S. President Donald Trump has urged Iran "not to get cute" over activity at a suspected nuclear site on Pickaxe Mountain.
1. 2. Iran said Wednesday that it had fired ballistic missiles at a U.S. military base in Jordan and attacked 10 ships near the Strait of Hormuz, a narrow waterway that typically handles around 20% of the world's oil traffic.
1. 3. The U.S. president later added that some short-term economic pain for American consumers was worth it to prevent Iran from developing nuclear weapons.

CNCNBC News

2d ago

PoliticsControversialOpinion

Key takeaways

Trump's $1 trillion-plus 'dividend' plan meets immediate bipartisan pushback
1. 1. President Donald Trump promised every adult U.S. citizen a $5,000 "dividend" if Republicans win the midterm elections.
1. 2. The proposal, if enacted, would cost over $1.2 trillion, significantly more than Covid-era stimulus packages.
1. 3. Critics from both parties raised concerns about the plan's legality as a potential incentive to influence votes and its funding sources.

CNCNBC News

3d ago

PoliticsControversialOpinion

Key takeaways

How much does it cost to move a midterm prediction market? Not much
Interested parties could seek to move prediction markets to give a perceived boost to a candidate who is struggling to gain momentum or attention.
1. 1. Moving most campaign-related prediction markets costs less than the maximum personal campaign contribution allowed under federal law: $3,500.
1. 2. A $3,500 bet can move 97% of midterm-related prediction markets by five cents or more, the report found.
1. 3. "A manipulated price can ripple through the information ecosystem as if it reflected real momentum," the report reads.

CNCNBC News

3d ago

BusinessControversialOpinion

Key takeaways

Treasury Department to buy back up to $6 billion in longer-term debt, triple the normal level
1. 1. The Treasury Department on Wednesday said it will buy back up to $6 billion of government debt in an operation aimed at keeping bond markets functioning.
1. 2. The much-anticipated announcement triples the normal buyback operation and follows an announcement Aug. 19 from Treasury Secretary Scott Bessent that the department would at least double the normal amount for already-issued securities.
1. 3. Market reaction, however, was negative. Treasury yields rose further, with the benchmark 10-year issue hitting 4.841%, up nearly 4 basis points on the day.

CNCNBC News

3d ago

BusinessControversialOpinion

Key takeaways

Bessent bond plan details to be revealed as Treasury secretary warns FX traders he's 'the house now'
The department is expected to announce around 11 a.m. ET the size of a buyback operation it announced Aug. 19.
1. 1. Markets are set to find out Wednesday just how aggressive the Treasury Department's bond-buying program will get, as Secretary Scott Bessent dared currency traders to challenge him.
1. 2. "I am the house now," Bessent said Tuesday at Southern Methodist University, referring more specifically to his department's parallel maneuver to support the Japanese yen.
1. 3. The benchmark 10-year yield has risen about 10 basis points, or 0.1 percentage point, since the buyback announcement.

CNCNBC News

3d ago

BusinessMarket TrendsEconomic Analysis

Key takeaways

Demand for riskier mortgages rises again, along with interest rates
Mortgage rates continue to climb, so more borrowers are turning to adjustable rate mortgages, which offer lower interest rates comparatively.
1. 1. Demand for adjustable-rate mortgages (ARMs) rose to 8.5% of all mortgage applications last week, the highest level since June.
1. 2. The average contract interest rate for 30-year fixed-rate mortgages increased to 6.85% from 6.79% the previous week.
1. 3. Total mortgage application volume declined 2.7% for the week, driven by higher rates on 30-year fixed mortgages.

CNCNBC News

3d ago

BusinessBusinessTechnology

Key takeaways

Google to invest record $15 billion in AI infrastructure in the 'Texas of Europe'
Google on Wednesday said it would invest $15.1 billion into AI infrastructure in Finland, marking the tech giant's largest single investment in Europe.
1. 1. Google on Wednesday said it would invest at least 13 billion euros ($15.1 billion) into AI infrastructure in Finland, marking the tech giant's largest single investment in Europe.
1. 2. Finland has emerged as a key location for data centers amid the AI boom, with hyperscalers and developers eyeing its available land and power, which is in short supply throughout most of Europe.
1. 3. "Finland is seeing huge demand for AI infrastructure right now, I've heard it called the 'Texas of Europe' at industry events," Matti Lajunen, partner of real estate at Finnish law firm Hannes Snellman, told CNBC.

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