US News

Amazon will double the value of credits it offers some startups to use its cloud infrastructure, CNBC has learned, as the company faces heightened competition from Microsoft in artificial intelligence services. Starting July 1, startups that have raised a Series A round of funding in the past year will be eligible for $200,000 in credits

U.S. President Joe Biden pauses during the CNN Presidential Debate at the CNN Studios on June 27, 2024 in Atlanta, Georgia. President Biden and Republican presidential candidate, former U.S. President Donald Trump are facing off in the first presidential debate of the 2024 campaign. Justin Sullivan | Afp | Getty Images The New York Times

Health care and technology are playing key roles in this year’s Russell rebalancing. With the index provider’s annual reconstitution slated to take place at Friday’s market close, FTSE Russell CEO Fiona Bassett noted that the indexes are adapting to trends in the broader market. “It’s certainly the story for the Russell 1000, which has been

Then-president-elect Donald Trump shakes the hand of Peter Thiel during a meeting with technology executives at Trump Tower, December 14, 2016 in New York City. Getty Images Peter Thiel, once one of Donald Trump’s major financial backers in the tech industry, said Thursday that even though he’s not providing money to the Republican presumptive nominee’s

President Joe Biden and former President Donald Trump 2024. Kevin Lamarque | Jay Paul | Reuters The hush money gag order Trump has grappled with the gag order applied by Manhattan Supreme Court Judge Juan Merchan during the ex-president’s historic criminal hush money trial. That court-ordered muzzle barred Trump from making public statements about witnesses or

Shares of Walgreens plunged more than 20% on Thursday after the company reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a “challenging” environment for pharmacies and U.S. consumers. The retail pharmacy giant now expects fiscal 2024 adjusted earnings of $2.80 to $2.95 per share. That compares

Giant pandas eating bamboo at Bifengxia Panda Base in Sichuan, China. Christophe Boisvieux | The Image Bank | Getty Images For the first time in more than two decades, giant pandas are en route from China to a San Diego zoo in the U.S. — a sign that Beijing is resuming its so-called “panda diplomacy”

A satellite image shows an overview of the International Space Station with the Boeing Starliner spacecraft, June 7, 2024. Maxar Technologies | Via Reuters NASA will have a spacecraft from Elon Musk’s SpaceX guide the International Space Station’s destruction later this decade, the agency announced Wednesday. The National Aeronautics and Space Administration awarded an $843

A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Images Southwest Airlines shares fell Wednesday after the carrier cut its second-quarter revenue forecast, citing changing booking patterns. The stock had been down about 4% in early trading before

DETROIT – General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. Whitten was a founding engineer at Microsoft’s Xbox before leaving the company after more than 17 years to become chief product officer of audio company Sonos in 2014, according to his LinkedIn profile.

Workers assemble second-generation R1 vehicles at electric automaker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected by 2026. It includes

Sopa Images | Lightrocket | Getty Images Shares of Trump Media erased their early gains Tuesday morning, putting the brakes on a stock surge that reversed some of the losses from a lengthy sell-off following former President Donald Trump‘s criminal conviction in New York. The stock price of the company behind Truth Social shot up

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.  Jason Redmond | AFP | Getty Images OpenAI has reversed its policies toward secondary share sales, and will now allow current and former employees to participate equally in annual tender offers, CNBC has learned. The

From left, Reps. Monica De La Cruz, R-Texas, Wesley Hunt, R-Texas, Ronny Jackson, R-Texas, and Dan Crenshaw, R-Texas, display Texas temporary tattoos to mark Texas Independence Day, which in on March 2nd, on the house steps of the U.S. Capitol after the last votes of the week on Wednesday, March 1, 2023. Tom Williams |

A Shein pop-up store at ABC Serrano in Madrid, Spain, April 26, 2024. Alejandro Martinez Velez | Europa Press | Getty Images Shein, the fast fashion giant with links to China, has confidentially filed for a public listing in London as it faces backlash in the U.S., a person familiar with the matter told CNBC.

Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida.  Universal Images Group | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as Olive Garden’s same-store sales fell for the second consecutive quarter. The company has faced a “consistently weaker consumer environment,” as well

Jakub Porzycki | Nurphoto | Getty Images OpenAI competitor Anthropic on Thursday announced Claude 3.5 Sonnet, its most powerful artificial intelligence model yet. Claude is one of the chatbots that, like OpenAI’s ChatGPT and Google‘s Gemini, has exploded in popularity in the past year. Anthropic, which was founded by ex-OpenAI research executives, has backers including Google, Salesforce and Amazon.