Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows
The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
Ferrari CEO defends $640,000 price tag for its first fully electric car
Ferrari CEO Benedetto Vigna on Thursday said the cost of the manufacturer’s new Luce model was a fair price to pay for innovation.
CVS to restore coverage of Zepbound, add Eli Lilly’s obesity pill to drug plans
CVS will add Zepbound coverage on Oct. 1, and start covering Lilly’s newly approved Foundayo pill on June 1.
This AI stock is surging after an ex-OpenAI employee’s fund disclosed a stake. Here’s why
Dutch cloud provider Nebius rose after an ex-OpenAI employee’s fund took a sizeable stake in the firm.
European stocks slide, but defense sector rallies after Ukraine ratifies $105 billion EU loan deal
European stocks finished Thursday lower as investors assessed news related to the Iran war and developments in Ukraine.
Mistral to explore designing own chips, CEO says, as it ramps up infrastructure build
Mistral’s semiconductor ambitions underscore the French startup’s bid to control more of its infrastructure as it competes with OpenAI and Anthropic.
Gold prices pare losses after U.S. inflation data
Gold trimmed losses Thursday after the release of U.S. April inflation data, but prices were still down for a third straight session.
Ousted BP chair Albert Manifold rejects ‘lies’ over his conduct
BP’s board on Tuesday announced the removal of Manifold due to “serious concerns” relating to governance standards, oversight and conduct.
Why the business of orbit is entering a new phase
Space is becoming a bigger part of everyday business, from communications and Earth observation to defense and predictive analytics. Voyager Technologies CEO Dylan Taylor and Muon Space President Gregory Smirin explain how cheaper launches, more satell…
CNBC Daily Open: Hostilities heat up, market rally cools
Stocks in Asia sink and oil prices rally as the U.S. and Iran trade fresh strikes and intercept drone attacks.
