Cadence Design Systems shares pop on earnings beat, custom chip optimism
CEO Anirudh Devgan said he expects the trend of companies making their own custom chips to accelerate.
FDA chief warns U.S. is losing ground to China in early drug development, calls for faster trial approvals
Makary pointed to three bottlenecks: hospital contracting; ethical reviews and approvals; and the Investigational New Drug applications process
Fed officials split on where interest rates should go, minutes say
The Federal Reserve on Wednesday released minutes from its Jan. 27-28 meeting.
Hedge funds have a clear favorite Magnificent 7 stock, attracting the likes of Ackman, Druckenmiller and Klarman
Notable institutional investors bought a net 40.9 million shares in the cloud provider in the fourth quarter, according to a CNBC analysis of data from Verity.
Hassett says authors of New York Fed tariff study should be disciplined: ‘Worst paper I’ve ever seen’
The NEC director ripped the report, saying that central bank researchers ignored key aspects of how the duties worked
Mortgage rates sink to the lowest level in a month, sparking more refinance demand
Mortgage rates dropped again last week, sparking a small jump in refinancing, but potential buyers were not impressed.
Tesla adding Grok AI chatbot to its cars in the UK, Europe amid regulatory probes
The embattled xAI Grok chatbot is coming to Tesla EVs in the U.K. and Europe.
David Tepper adds to big Micron position, gets bullish on Korean stocks
The billionaire investor boosted his stake in Micron by 200%, meaning the memory maker crucial to AI systems is now the fund’s fourth-largest holding.
Trump administration identifies more borrowers eligible for student loan forgiveness, court filing shows
The Trump administration identified more than 40,000 borrowers eligible for federal student loan relief in January, a recent court filing shows.
Cloud startup Render raises funding at $1.5 billion valuation as AI-built apps boom
Render is one of the beneficiaries of growing competition in the cloud computing world spurred by the booming demand for artificial intelligence.
