OpenAI strikes deal with Pentagon, hours after rival Anthropic was blacklisted by Trump
OpenAI CEO Sam Altman said on X that his company has come to terms with the Defense Department for use of its models.
UBS downgrades the U.S. stock market. Here’s what has the investment bank worried
UBS downgraded U.S. equities to “benchmark” in a fully invested global equity portfolio, saying factors that powered years of outperformance are starting to fade.
Core wholesale prices rose 0.8% in January, much more than expected
The core producer price index increased a seasonally adjusted 0.8%, more than the 0.6% gain in December.
Trump said tariffs could someday ‘substantially replace’ income taxes. What policy experts say
During his State of the Union address, President Donald Trump said tariffs could someday “substantially replace” the federal income tax system.
Russia and Ukraine agree local truce to allow repairs at Europe’s largest nuclear power plant
Russian forces have controlled the Zaporizhzhia nuclear power plant since early 2022, shortly after Moscow launched its full-scale invasion of Ukraine.
World’s largest sovereign wealth fund’s bets on Big Tech and banking drive gains
Norges Bank Investment Management manages the world’s largest sovereign wealth fund.
Smartphone market poised for ‘sharpest decline on record’ in 2026
Two recent reports predict further declines in the smartphone market in 2026, as dwindling memory supplies continue to drive up prices of consumer electronics.
Opinion: Block’s layoffs might just be the biggest story of a tumultuous week. Here’s why
Block, Jack Dorsey’s payments company, will cut 6,000 of its 10,000 workers as it embraces AI. CNBC’s Steve Sedgwick says it’s the biggest story of the week.
India’s economy grows at faster-than-expected pace of 7.8% in December quarter
The world’s fastest-growing major economy expanded by 7.8% in the December quarter.
UK PM Keir Starmer suffers major blow after his party comes third in key vote
The result in a seat that Labour has dominated for nearly a century represents an embarrassing setback for the prime minister.
