Broadcom delivers strong earnings view as CEO touts growth with AI labs
Broadcom gave a disappointing revenue forecast for the current quarter but provided robust earnings guidance for fiscal 2028.
Culture & Life
Time, arts and everyday life around the globe.
Kuwait fends off Iranian attack as Trump says renewed Mideast hostilities will not last 'too long'
On Thursday, Kuwait's army said it was confronting hostile missile and drone attacks from Iran.
Stock futures are little changed after major averages snap three-day losing streaks: Live updates
Major indices posted gains on Wednesday as Treasury yields fell back off multiyear highs
More in Culture & Life
CNBC
South Korea's semiconductor exports just tripled year-over-year. Is it too much of a good thing?
If growth were to slow in the semiconductor sector, would the slowdown take the Korean economy with it?
Financial Times
Elliott builds stake in Deutsche Telekom and opposes T-Mobile US merger
Activist hedge fund wants German telecoms company to focus on ways to boost shareholder value, such as stock buybacks
CNBC
How Equinix has found a niche in the multitrillion-dollar AI data center boom
Nvidia announced a new data center deal with Equinix and Together AI on Wednesday to help enterprise customers with open-model inference.
CNBC
Microsoft to start disclosing Azure quarterly revenue as company consolidates business units
Microsoft will begin reporting quarterly Azure revenue in dollars for the first time, providing more clarity about its business that competes with AWS.
Financial Times
Steve Ballmer banned by NBA over improper payment to basketball star
LA Clippers team funnelled millions of dollars to star Kawhi Leonard to circumvent league salary cap, league investigation finds
CNBC
NBA suspends Clippers owner Ballmer for one year in Kawhi Leonard salary cap probe
The NBA also fined the Los Angeles Clippers $30 million and said the team will forfeit five first-round picks, one in each year in drafts starting in 2029.
CNBC
G20 tech takeaways: Lutnick pitches adoption of U.S. AI, pushes data center buildout
Follow Day 2 of the G20 Innovation Ministerial in Chapel Hill, North Carolina, with Jensen Huang, Sam Altman, and ministers discussing AI, policy and trade.
Financial Times
Struggling Republicans urge Trump to open Maga Inc’s $400mn war chest
US president’s Super Pac has yet to deploy significant money in midterms race despite polls pointing to his party’s defeat in November
CNBC
USTR's Greer huddles with House Republicans amid Trump trade spats
Trump's plan to lower tariffs on 300,000 metric tons of imported beef caused an uproar among cattle ranchers.
Financial Times
JPMorgan curbed lending to Jane Street as trading firm muscled into bonds
Wall Street bank’s move last year came after trading specialist began making markets in US Treasuries
CNBC
Stocks stumbled out of the gate in September. Use these hedges to guard against volatility, Evercore ISI says
Evercore ISI names dozens of S&P 500 stocks with negative beta to help investors ride out renewed volatility in September.
NPR Business
The IRS slashed its staff. One result? More taxes going uncollected
The IRS slashed its auditing staff last year — but the move may have backfired as tax collections from enforcement efforts plummeted, an Inspector General report shows.
Financial Times
Trump administration backs OpenAI in New York Times copyright battle
US urges court to reject newspaper’s claim that it is illegal to train AI models on copyrighted content
CNBC
States now must report undocumented immigrants to DHS or risk federal funding, DOJ says
The new DOJ opinion relates to funding states get for Temporary Assistance for Needy Families and the Supplemental Security Income programs.
Financial Times
Dutch central bank moves gold bars out of New York over ‘geopolitical unrest’
DNB prefers London over the US city, pointing to better ‘tradeability’ of bullion
Financial Times
A vital tenet of US equity markets is under threat
SEC reforms risk the ability of investors to compare companies
NPR Business
Chevron to expand in Venezuela, days after the U.S. and Venezuela strike oil deal
Chevron is the largest foreign oil operator in Venezuela. The deal will expand its footprint at a time of political and economic uncertainty for Venezuela.
NPR Business
New lawsuits claim OpenAI execs put image ahead of safety in Canadian mass shooting
The suits say that recommendations to alert police about the alleged shooter were nixed by OpenAI's global affairs team, led by veteran political strategist Chris Lehane. OpenAI denies the claims.
CNBC
Apple shares are doing something they haven't done in 20 years. Here’s what’s happening
Apple stock hasn't been this inversely correlated to its tech peers since 2005.
NPR Business
'It can outthink me': How a major manufacturer came to embrace AI
GE Appliances is leaning heavily into artificial intelligence to improve quality and efficiency on the factory floor.
NPR Business
Kalshi bans former congressman George Santos for life after State of the Union trades
Kalshi says Santos did not cooperate with its investigation into bets he placed on his own attendance at the State of the Union. The company also fined the disgraced congressman more than $71,000.
NPR Business
The U.S. sues Amazon again
Federal regulators and 22 states allege that the tech giant made billions by manipulating how much brands and sellers paid for ads on its platform.
NPR Business
How a comic book store got swept into the tariff storm
Tariffs continue to rile all kinds of American businesses more than a year after Trump unveiled his first set of tariffs — including a comic book store owner in Ohio.
NPR Business
Social media restrictions on young users: What do the kids say?
We've heard from adults about the new Facebook and Instagram rules, but what are kids saying? Teenage social media users talk about whether the proposed restrictions will have any effect on them.
NPR Business
Fed's Kevin Warsh warns inflation is too high, sparking bets rate hikes are coming
Fed Chair Kevin Warsh reiterated his commitment to fighting inflation in a major speech — raising expectations that rate hikes may be coming, though he did not clearly spell out a path going forward.
NPR Business
Businesses are getting tariff refunds. Why aren't consumers getting their cut?
A slew of American companies are getting billions of dollars back in tariff refunds after a Supreme Court ruling. Many consumers, though, may never get anything back.
Wall Street Journal
Palestinians Stream Back to Northern Gaza on Foot
Israel allowed displaced Gazans to begin crossing a military zone that bisects the enclave after a deadlock over hostage releases was broken.
Wall Street Journal
Leading China Property Developer Reports Huge loss, in Sign of Widening Real-Estate Woes
Troubles at Vanke raise questions about the continued spread of the property crisis and whether the Chinese state will step in.
Wall Street Journal
Freed Israeli Hostages Still Had Shrapnel in Their Bodies From Oct. 7 Attack
Some of the women were held alone for extended periods and spent eight months in tunnels, an Israeli medical official said.
Wall Street Journal
Suspected Sabotage of Deep-Sea Cable Triggers First NATO-Led Response
The alliance mounted its first coordinated response to a suspected sabotage campaign against critical infrastructure after another cable was severed in the Baltic Sea.
Wall Street Journal
Rwanda-Backed Rebels Enter Congo's Safe-Haven City
Residents of Goma reported gunfire and shelling after rebels overran Congolese troops. U.N. officials estimated that more than one million displaced people were now inside the city.
Wall Street Journal
Cocaine-Funded Gangs Shake Colombia Years After Peace Pact
Attacks by powerful militias against civilians reflect the state’s inaction eight years after a peace accord removed a powerful rebel group from the field.
Wall Street Journal
Italy Supports Saudi Arabia Joining Fighter-Jet Program, PM Meloni Says
The U.K., Italy and Japan have already partnered on the Global Combat Air Programme, which aims to put a new stealth fighter with supersonic capability in the skies by 2035.
Wall Street Journal
Shippers Wary of Red Sea Routes Despite Houthi Pledge to End Targeting
The world’s top three container operators said they fear instability in Gaza and broader regional tensions mean continued danger.
Wall Street Journal
Kim Jong Un Is Doing Everything He Can to Keep North Korea's Youth in Line
The dictator, eager to shut out the influence of Hollywood and K-pop, has been exalting a “shock brigade” of 300,000 teens and 20-somethings drafted into flood reconstruction.
Wall Street Journal
Trump Says Colombia Will Accept Deportees, Ending Tariff Standoff
The president has made immigration an early priority to start second term, with ICE making more than 900 arrests Sunday.
Wall Street Journal
Jeju Air Crash Probe Focuses On Engine Damage After Bird Strike
Pilots’ actions after that strike are an early focus of the investigation, according to people familiar with the probe.
Wall Street Journal
Germany's Economic Model Is Broken, and No One Has a Plan B
The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives.