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People shop at a grocery store in Brooklyn, New York City, December 12, 2025.Spencer Pratt | Getty ImagesWall Street is awaiting the release of the November Consumer Price Index report on Thursday, as it will be the first gauge of inflation that investors will get since the end of the record U.S. government shutdown last month.The report, which tracks average changes in the prices people pay for a variety of goods and services, expects 12-month inflation to be 3.1%, according to economists surveyed by Dow Jones. Core CPI excluding food and energy is expected to grow at 3.0% annually.The Bureau…
July 26, 2025, MetaX booth at Shanghai New Expo Center in Shanghai, China. (Photo by Ying Tang/NurPhoto, Getty Images)Null Photo | Null Photo | Getty ImagesIt felt like déjà vu when chipmaker MetaX Integrated Circuits’ stock price soared 700% in its Shanghai market debut on Wednesday. Moore Thread soared more than 400% on its first day of trading just two weeks ago.These are the latest Chinese AI chip companies that investors in the country are pouring money into as they race to develop their own chips and challenge Nvidia’s dominance in the face of U.S. export restrictions.Both are manufactured by…
Dashcam footage released Tuesday showed two bystanders attempting to disarm one of the suspects before he carried out the horrific attack on a Hanukkah event attended by hundreds of family members, killing at least 15 people. The video, first posted on Chinese social media platform XiaoHongShu and geolocated by CNN, shows a man in a purple shirt struggling with his attacker as he exits a car at Bondi’s Campbell Parade. A woman can be seen running toward the scene. Dashcam video shows bystander confronting Bondi Beach gunman Dashcam video shows bystander confronting Bondi Beach gunman 1:07 CNN affiliate 9 News…
julia roberts she is a beautiful woman— with or without red carpet glamour. The Oscar winner recently showed off her natural look with little to no makeup in a Dec. 16 Instagram selfie with simple, signature beachy curls and a gray sweatshirt. However, instead of emphasizing her own beauty, Julia drew attention to the book she wrote as a tribute to her fashion photographer friend. Alexi Lubomirski Next to the photo is “My friend @alexilubomirski created this beautiful new book Natura Sakura” And while the 58-year-old’s latest look proves she prefers simplicity when it comes to beauty in fashion, she…
Stock chart iconStock chart iconElanco’s year-to-date stock performance.Elanco: “They’re doing everything right. I’m very impressed with how they turned that company around (buy, buy, buy).”Stock chart iconStock chart iconRocket Lab’s year-to-date stock performance.rocket lab: “I think this is a very good specification ahead of the big new offerings in the rocket world next year. I think we can consider and accept the specification.”Stock chart iconStock chart iconLithium America’s stock price performance year-to-date.lithium america: “No, there’s nothing there. You have to skip it… it’s past stock… it’s forbidden (sell, sell, sell).”Stock chart iconStock chart iconDaktronics stock price performance year-to-date.daktronics: “It’s okay…it’s…
A view of Oracle headquarters in Redwood Shores, California.Justin Sullivan | Getty Images Anxiety that investors have around them oracle The impact on the project was felt as the stock price fell nearly 50% from its all-time high on September 10th.Asset management firm Blue Owl Capital reportedly pulled out of Oracle’s $10 billion data center project due to unfavorable debt terms, amid growing concerns about the tech giant’s high debt levels, according to the Financial Times.This latest development has fueled concerns that Oracle will delay completion of OpenAI’s data center, a report first flagged by Bloomberg on Friday, which the…
Venezuelan President Nicolas Maduro said Wednesday that U.S. President Donald Trump has revealed his true motives against the South American country, claiming he stole America’s “oil, land and other assets.” Maduro said Trump’s claims show that the United States is serious about seeking regime change as well as ownership of Venezuela’s territory and resources. The United States has previously characterized its naval buildup near the country as aimed at combating drug trafficking. “This is just warmongering and a colonialist sham. We have said it many times, but now everyone sees the truth. The truth has come out,” Maduro said in…
YouTube is rolling out the Oscars red carpet. The Academy Awards, which have been broadcast on ABC since 1976, will move to the streaming platform in 2029, just one year after the ceremony’s 100th anniversary. The landmark deal saw YouTube outbid all other offers and allow the Oscar ceremony to be streamed on its platform until 2033. “Movie’s biggest night is heading to @YouTube,” the Academy shared on social media on Dec. 17, along with an image depicting the Oscars next to the YouTube logo “Starting in 2029.” However, big movements will not start immediately. In fact, ABC will retain…
This report is from CNBC’s The China Connection newsletter this week, delivering insights and analysis on the powerhouse of the world’s second-largest economy. You can subscribe here.big storyLatest data from China showed a key indicator of consumption has fallen to its lowest level in nearly three years. But that doesn’t capture the whole story. America’s membership warehouse clubs tell a more nuanced story. They say they are successful in attracting consumers who are willing to pay high membership fees in exchange for premium products at reasonable prices. Additionally, these stores offer a no-frills “treasure hunt” shopping experience to sweeten the…
Like almost every existing technology company, Adobe has been leaning heavily into AI over the past few years. The software company has launched a range of AI services since 2023, including Firefly, an AI-powered media generation suite. But now the company’s full embrace of the technology may have caused problems, as a new lawsuit alleges that the company used a pirated book to train one of its AI models. A proposed class action lawsuit filed on behalf of Oregon author Elizabeth Ryan alleges that Adobe used pirated copies of numerous books, including hers, in training for its SlimLM program. Adobe…