Used car prices fall for the first time this year and EV interest rises as gas prices spike
Cox Automotive reports affordability remains a key concern for buyers and that’s driving increased demand for older vehicles as well as all-electric vehicles.
There’s ‘no chance’ Warsh will be able to get the Fed to cut rates, Paul Tudor Jones says
“Do I think he’ll cut rates? No chance,” Jones said during a wide-ranging CNBC “Squawk Box” interview.
How startup Propy is deploying $100 million to put real estate deals on the blockchain
Propy, a Miami-based blockchain technology company that launched in 2017, has been trying to modernize the closing process for residential homes.
It’s not just Big Oil. Wind giants welcome profit beats as Iran war spurs energy pivot
Norway’s Equinor told CNBC that the company expects the Iran war to deliver a boost to its transition industries.
McDonald’s CEO says consumer spending could be ‘getting a little bit worse’
Shares of McDonald’s have fallen 10% over the last year, hurt by concerns about the broader economy.
Anthropic CEO says 80-fold growth in first quarter explains ‘difficulties with compute’
At Anthropic’s developer conference in San Francisco, CEO Dario Amodei said the company is ‘working as quickly as possible’ to provide additional compute.
Snap issues cautious guidance as Perplexity deal ends, Middle East ‘geopolitical situation’ causes uncertainty
Snap reported first-quarter earnings and provided cautious sales guidance while revealing it no longer has a deal with the generative AI startup Perplexity.
Marco Rubio heads to the Vatican as 2028 presidential buzz ramps up
Secretary of State Marco Rubio is a frontrunner to succeed President Donald Trump in 2028, and Trump is sending him to meet with Pope Leo XIV.
Surging gas prices are hitting lower-income households harder, New York Fed study shows
Lower-income consumers are compensating for higher gas prices by buying less.
SpaceX and Anthropic mega-IPOs could mark end of bull run, Bank of America suggests
Rule changes for faster inclusion and rejiggering the math on free float multiples “smack of late-stage machinations,” the bank said.
