Tech Evan Speigel, CEO of Snap, speaks with CNBC on June 16th, 2026. CNBC Snap reported better-than-expected revenue and earnings for the second quarter and issued a forecast for the current period that topped analysts’ estimates. The stock jumped over 10% in extended trading. Here’s how the company did compared with analysts’ expectations: Earnings per […]
Digital Trends Volvo’s electric lineup needed a genuinely affordable entry point, and a new report suggests that buyers might actually get one. According to a new Automotive News report, Volvo is quietly working on a compact electric crossover, called the EX50. It will be aimed at replacing the dated EX40 in the US sometime in […]
Tech Travelers walk past an Alibaba Cloud advertisement at Shenzhen Bao’an International Airport in Shenzhen, China, on Tuesday, Oct. 7, 2025. Bloomberg | Bloomberg | Getty Images For much of the past several years, the debate over artificial intelligence has revolved around two foundational questions: Can American technology companies continue to innovate at the technological […]
Small Business People watch as the Doris Ocean container ship departs from the Port of Los Angeles, in Los Angeles, May 28, 2026. Mario Tama | Getty Images A coalition of 25 Democratic-led states sued the Trump administration Monday, arguing President Donald Trump exceeded his authority by imposing sweeping tariffs on goods from 60 U.S. […]
Tech The European Union gained new powers to inspect AI models, restrict EU market access and fine model providers, raising the stakes for U.S. companies like Anthropic and OpenAI and Google. Under the powers that came into effect on Sunday, the Commission, the EU’s executive arm, can demand to evaluate models before public release in […]
Tech OpenAI CEO Sam Altman speaks with reporters following meetings on Capitol Hill, in Washington, June 3, 2026. Evelyn Hockstein | Reuters OpenAI is dominating the first visible wave of artificial intelligence spending inside Congress. The maker of ChatGPT accounted for roughly $9 out of every $10 spent on identifiable AI tools by House offices, […]
Tech Alibaba debuts Qwen3-Max, its trillion-parameter AI model trained on 36T tokens. (Photo by Nikolas Kokovlis/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Alibaba unveiled its latest and “most powerful” AI model Qwen3.8-Max on Monday as Chinese companies race to close the AI gap with the U.S. Qwen3.8-Max, which is scheduled for release […]
Tech Since its first trade on June 12, SpaceX has lost over $500 billion in market cap, a stunning blow to retail investors who jumped into Elon Musk’s rocket company at their first opportunity. The stock is coming off its fourth straight weekly loss and is more than 50% off its intraday high. Not since […]
Tech This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. I spent the weekend mostly outdoors at the Lollapalooza music festival in Chicago, but many others headed inside to catch the latest summer blockbuster. Stock futures are climbing this morning. The three major indexes are coming off a winning […]
