Saudi Arabia’s PIF to end funding of LIV Golf league after this season
A committee of independent directors will evaluate strategic alternatives for LIV Golf after PIF pulls its funding, people familiar with the matter told CNBC.
Dow surges nearly 800 points, S&P 500 posts first close above 7,200 and best month since 2020: Live updates
The broad market index jumped more than 10% in April for its best month since November 2020.
OpenAI trial recap: Musk cross-examination gets heated with Altman’s lawyer on day 3
Elon Musk sued OpenAI, Sam Altman and Greg Brockman in 2024, claiming they reneged on their promise to keep the artificial intelligence lab a nonprofit.
How Banyan Group survived crisis after crisis — and built a luxury hospitality brand
Banyan Group’s founders share insights on building a global luxury hospitality brand — and how they navigated crisis after crisis without compromising their values.
Alphabet ups 2026 capex to as much as $190 billion, expects to ‘significantly increase’ in 2027
Alphabet reported first-quarter earnings, posting booming cloud revenue and upping its full-year capex spend to as much as $190 billion.
Fed holds rates steady but with highest level of dissent since 1992
The Federal Reserve on Wednesday released its latest decision on interest rates.
Five ‘Magnificent Seven’ names will post earnings before the week ends. Levels to watch
Frank Cappelleri takes a spin through the technicals in these tech giants ahead of earnings.
Paramount CEO David Ellison wants to release 30 films annually. History and Hollywood say it’s unrealistic
While David Ellison has set a lofty goal for Paramount to release 30 films a year, there’s no recent precedent for such a haul.
Stocks making the biggest moves midday: GE HealthCare Technologies, Bloom Energy, Seagate, Teradyne, & more
Here are the stocks making headlines in midday trading.
Meta stock drops on quarterly results as ‘internet disruptions’ in Iran drag down user numbers
Meta beat on revenue, but showed disappointing user numbers and its capital expenditures were below estimates.
