Wildfires burn millions of acres in Canada, send oil prices higher
The wildfires have burned about 478,000 hectares, or 1,800 square miles, across Alberta, British Columbia and Saskatchewan as of Monday.
Playing market defense with high-quality ETFs
Amid rolling banking stress and ongoing inflation and recession concerns, the flight to high-quality funds has become more appealing for ETF investors.
Pfizer to raise $31 billion in debt offering to fund Seagen acquisition, SEC filing shows
The debt offering by Pfizer to buy cancer drug maker Seagen comes as Apple, Merck and T-Mobile tap the U.S. bond market ahead of the debt ceiling standoff.
Amazon’s Alexa head says company is ‘at the forefront of A.I.’ as chatbots explode
Rohit Prasad, Amazon’s senior vice president and head scientist for Alexa, said the e-retailer will be a major player in generative AI.
Mike Pence rejects Trump’s call to let U.S. default as he hints at 2024 White House bid
Pence, who is considering a 2024 presidential run, also accused Trump and Biden of holding “identical” fiscal policy views.
Amazon announces new Echo with funky design and revamped earbuds
Amazon unveiled the Echo Pop, which sports a new semisphere design with a front-facing speaker and costs $39.99.
Mortgage demand drops as interest rates hit a 2-month high
Mortgage applications to purchase a home dropped 4.8% last week compared with the previous week, according to the Mortgage Bankers Association.
Kraft Heinz unveils customizable sauce dispenser with more than 200 condiment combos for restaurants
Kraft Heinz hopes to learn what new sauces it should launch in grocery stores based on data from the digital condiment dispenser.
Elon Musk talks Tesla, Twitter, and why he tweets freely — even if it costs him money
Elon Musk talked to CNBC’s David Faber following Tesla’s shareholder meeting on Tuesday.
Elon Musk says tension between U.S. and China ‘should be a concern for everyone’
Elon Musk expressed worry about China’s ambitions in Taiwan. Tesla’s Shanghai factory produces Model 3 and Model Y vehicles.
