I was at the exclusive launch of Ferrari's new EV that sent the stock tumbling. But there may be light at the end of the tunnel
Is there a "luce" at the end of the tunnel for Ferrari's first electric vehicle?
The ECB is in a bind over rate hikes - the private sector could be doing the bank's job for it
Market expectations that the European Central Bank will hike interest rates this year have already contributed to tighter financial and lending condit...
Innovent Biologics shares rise 10% after pact with Pfizer of up to $10.5 billion
Innovent Biologics rose as much as 10%, after entering a strategic global licensing and collaboration agreement with Pfizer to develop oncology medici...
Blue Origin rocket explodes into huge ball of flame on Florida launch pad
Amazon billionaire Jeff Bezos, who founded Blue Origin, said it was a "very rough day".
LG Electronics' shares surge 24% after showing automotive innovations using Google tech
Shares of LG Electronics surged after it unveiled automotive innovations using Google technology.
Asia's rich fear losing the family fortune - but many still have no succession plans, survey shows
Asia's wealthy families want to preserve their fortunes across generations, but many still lack basic succession plans, according to a new Lombard Odi...
Samsung's shares surge as much as 6% company ships next-generation AI memory chip samples
Shares of Samsung Electronics surged after the company began shipping HBM4E chip samples to its customers globally.
Spencer Pratt's long shot L.A. mayoral candidacy becomes surprise test for Democrats
Spencer Pratt is polling around 22%, just behind Democratic Mayor Karen Bass, in the Los Angeles mayoral primary, raising the odds of a November runof...
Costco issues a lukewarm quarter, but delivers on the metric that matters most
It was not the best quarter, but far from bad.
Tesla Robotaxi fleet in Texas less than one-tenth size of Waymo's, filings reveal
Tesla has registered 42 automated vehicles in its driverless Robotaxi service in Texas, putting it far behind Waymo in the state.
Dell shares jump 39% after server maker reports fastest sales growth since return to public market in 2018
Dell has gone from being a sleepy legacy tech company to a high-growth AI story, assembling servers packed with graphics processing units.
Asia markets set for mixed open as Iran launches missiles despite signs of temporary truce
Asia-Pacific markets set for mixed open as investors weighed renewed Iran tensions against ceasefire optimism.
Humanoid robots 'the future' of car making, says BMW
BMW is introducing humanoid robots to a car plant in Europe, building on similar projects in the US.
When trade soured, this American liquor maker moved to Canada
Sales of the fruity liqueur popular with Canadian students had plummetted north of the border as provinces retaliated against Trump tariffs.
This is the greatest time ever for semiconductors, says CEO of key equipment supplier
Applied Materials CEO Gary Dickerson said the semiconductor industry is experiencing its strongest period ever.
Dell shares jump 31% after server maker reports fastest sales growth since return to public market in 2018
Dell has gone from being a sleepy legacy tech company to a high-growth AI story, assembling servers packed with graphics processing units.
Jim Cramer says these 3 mistakes are keeping investors out of AI winners
CNBC's Jim Cramer pointed to three reasons investors may be missing some of the market's biggest AI winners.
Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
The price of physical Brent oil cargoes will spike to $150 to $160 per barrel once inventories hit all-time lows, Exxon executive Neil Chapman said.
Disney's ABC files early broadcast licenses renewal 'under protest' against the FCC
Disney said it filed renewals for eight broadcast station licenses "under protest," after the FCC launched an early review years ahead of schedule.
Americans' savings rate falls to lowest level since 2022 as inflation outpaces paychecks
As inflation starts outpacing wages again, Americans have less money to put aside for emergencies and other savings goals.