Is the AI bubble bursting? That question was on the minds of millions of investors Thursday, when the Nasdaq Composite (NASDAQINDEX:^IXIC) had one of the worst days in its history, falling 5.5% as fears spread that a political backlash could stifle the AI boom following the midterm elections. Did Nvidia miss out in 2009? This … Read more
Futures options traders work at the New York Stock Exchange (NYSE) in New York City, USA, November 5, 2026. Jeenah Moon | ReutersStock futures were mixed early Friday after a tough selloff in AI stocks sent the Nasdaq into correction territory. Traders were also awaiting a key payrolls report. S&P 500 futures were little changed, … Read more
“A lot of our change over this year has been realizing that, from San Francisco trying to build infrastructure in Texas, Georgia and other places, you can’t just tweet and say, ‘This is going to be good.’ You need to be in those communities,” Brockman said at the WSJ Tech conference in Napa, California, on … Read more
Retail investors dumped U.S. stocks on Thursday at a pace not seen since the start of the COVID-19 pandemic, breaking their typical habit of “buying the dips” on market down days. Everyday investors sold a net $265 million in individual U.S. stocks on Thursday, according to Vanda Research, the largest single-day wave of net selling … Read more
An 80-year-old man and a 45-year-old man suspected of distributing psilocybin gummies, also known as “magic mushrooms,” to at least 15 trick-or-treaters in Ocean Beach, were arrested Wednesday after a search warrant was served at the home suspected of distributing psychedelics. Michael Goff, 80, and Shawn Michael Foster were arrested and booked into San Diego … Read more
The memory chip shortage is having a ripple effect across the technology sector, leading to lower production and higher prices for computers, smartphones and other devices. Shares of Micron Technology (MU) fell sharply on Thursday following the trend. The memory chip shortage has led to disappointing sales and profit margins this earnings season for companies … Read more
US stocks fell suddenly on Thursday as AI and chip stocks sold off, erasing the gains from Wednesday’s post-election rally. The Dow Jones Industrial Average (^DJI) tumbled 2.2%, or over 1,200 points. The S&P 500 (^GSPC) fell 3.3%, and the tech-heavy Nasdaq Composite (^IXIC) dropped 5%, putting the index on track to close in a … Read more
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future issues in your inbox. Hi, it’s Leonie Kidd with today’s edition of Morning Squawk. Cooler heads prevail after the monster rally that sparked the Dow’s best day in more than a year and a half. Investors are now assessing the impact of a new … Read more
In an interview with Fox News Digital, Douglas Hoey of the National Community Pharmacists Association said that splitting CVS Pharmacy from its insurance and Pharmacy Benefits Manager businesses could improve competition and reduce costs. CVS Health on Tuesday announced plans to split its growing conglomerate into separate health insurance and pharmacy businesses, a move that … Read more
German defense giant Rheinmetall cut its full-year forecasts late Wednesday, citing delays in military contracts and ammunition deliveries. It is the company’s second forecast cut since August, when Germany scrapped plans to build warships in what would have been Rheinmetall’s largest order since World War II. The defense company now expects sales to rise to … Read more