News

Berkshire Hathaway boosts Alphabet to a top three holding, ups Delta and housing bets

Berkshire owned about 106 million shares in the parent of Google, worth $37.9 billion at the end of June, according to a regulatory filing released Friday.

Goldman’s latest cash cow is all about funding the AI infrastructure boom

Nvidia and Intel recently tapped the bank to help them meeting soaring demand for compute.

Regulators and banks step up scrutiny of prediction markets

The CFTC is reviewing prediction betting platforms' so-called mention markets, people familiar with the matter confirmed to CNBC.

Uber partners with China's Pony.ai for 2,000 robotaxis in Europe

The rollout comes as robotaxi fleet sizes become increasingly critical for commercialization.

These charts show why stocks keep rallying. Profit margins are the highest on record

Recent FactSet data show that the rise in earnings is not coming from sales growth alone.

'Big Short' investor Steve Eisman sees an Achilles' heel in the AI boom

Steve Eisman is warning that the artificial intelligence boom has become increasingly dependent on the fortunes of just two companies: OpenAI and Anthropic.

Iran looks to ramp up economic alliance with BRICS nations as war with U.S. drags on

Iran’s central bank chief said Thursday that the country is set to join the BRICS New Development Bank.

This Chinese firm has topped Micron and Kioxia in shipments of crucial NAND memory chips

Counterpoint Research looked at the NAND segment of memory chips, which is benefitting along with the larger DRAM segment from artificial intelligence demand.

SpaceX short sellers are running out of bullets as stock rebounds more than 40% off low

Short interest in SpaceX fell to about 11% of the company's publicly traded shares Wednesday, down sharply from a peak of 34% last week, according to S3.

New York City Council announces probe into prediction market platforms’ marketing strategies

In letters to four prediction market platforms, City Council Speaker Julie Menin said the council was also actively considering legislation to address concerns.

EVs dominate China’s car market: 5 takeaways from the country's latest auto sales data

The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla's Model Y remained popular.

Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China

Nvidia CEO Jensen Huang is pitching GPUs as long-term collateral to unlock $500 billion in funding. The question is how fast will his chips depreciate?
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