Cattle Slipping Back to Start the Week
Live cattle futures are showing modest losses of 85 cents to $1.15 at midday. Cash trade was reported at $345-350 dressed in the North, with $222-223 live sales. Feeder cattle futures are falling $1.6…
City & Markets
OpenAI abandons plan to release upcoming model as safety concerns escalate
OpenAI decided not to release an upcoming artificial intelligence model, GPT-6.1 Astra, after determining that it did not adequately meet the company's safety standards, CNBC confirmed on Monday.
Supreme Court Justice Alito will not participate in big climate change case next week
Supreme Court Justice Samuel Alito, in a surprising reversal, has recused himself from participating in a major climate-change case the Supreme Court is set to hear next week, which involves the oil c…
CNBC's The China Connection newsletter: Spectacle-heavy Trump-Xi summit was more about domestic messaging
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I'm seeing and hearing from local businesses.
This AI startup has only 14 employees — and a fresh $10 billion valuation
Instinct is rapidly amassing investment dollars, illustrating the rush of excitement around personal AI assistants.
Intel Selloff Tests Whether Its 2026 Rally Has Priced In Too Much
The melt-up finally took a breather. After nine straight winning weeks, the S&P 500 closed lower, finishing Friday at 7,384, down about 2.6% on the week and roughly 3% below Tuesday’s record high of 7…
AMD to buy Fei-Fei Li’s World Labs in $8.2 billion bet on ’physical AI’
The current wisdom in chipmaking is that building good chips requires understanding how the AI models running on them are evolving. Nvidia already has an answer to that in its own open-weight world mo…
The European Commission has refused to allocate $250 million to Ukraine to support farmers
“This will more or less allow us to hold out until the New Year. But now we already need to think about what will happen in the spring after the New Year, because the situation remains critical,” he s…
Boeing 737 Max 10 certification delayed by software issue, FAA says
The head of the Federal Aviation Administration said a software problem will delay its certification of the Boeing 737 Max 10 as the agency assesses whether it poses a safety issue, a potential setbac…
LeBron James is already boosting ticket and merchandise demand for Philadelphia 76ers
The NBA season hasn't even started and the Philadelphia 76ers' signing of LeBron James is already paying off.
Stocks Settle Lower on Rising Bond Yields
The S&P 500 Index ($SPX) (SPY) closed down by -0.77% on Monday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.67%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.08%. Decembe…
Nvidia makes a statement with historic $150 billion buyback announcement
The company intends to repurchase a large amount of shares through January 2028, reflecting its “confidence in the long-term opportunity ahead.”
Stocks Retreat as Bond Yields Surge
The S&P 500 Index ($SPX) (SPY) is down by -0.92% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.75%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.55%. December E-mini S&P fut…
SpaceX’s next big growth engine isn’t rockets — it’s this play on AI power, analysts say
The company has a lucrative opportunity in letting rivals tap its data centers for computing power.
Trump to announce plan for $15 billion steel plant, would be largest in U.S. history
President Donald Trump on Monday will announce a steel-making company's plan to invest about $15 billion to build what would be the largest plant of its kind in U.S. history, a White House official co…
Corn Falling Back Early on Monday as Traders look for US/China Details
Corn price action is down 3 to 4 ½ cents early on Monday, getting spillover weakness from soybeans. Futures found strength throughout the Friday session, as contracts closed 10-15 cents off the early …
IRS hires Joseph Velli to help administer Trump accounts
The Internal Revenue Service has hired Joseph Velli as a senior advisor to Chief Executive Officer Frank Bisignano to help administer Trump Accounts, according to an email Bisignano sent to senior lea…
Dollar Gains and Gold Slumps on Higher Crude Prices and T-note Yields
The dollar index (DXY00 ) is up by +0.21% today. The dollar is moving higher today, amid the +2% jump in WTI crude oil, which raises inflation expectations and could prompt the Fed to tighten monetary…
Nvidia share buyback plan gets $150 billion boost
Nvidia said Monday it has authorized an additional $150 billion to its share buyback program, taking its total to $235 billion, amid record spending on artificial intelligence.
‘I’m never selling’: I’m 47 and buy bitcoin with every dollar I earn. Am I crazy?
‘I’m never selling’: I’m 47 and buy bitcoin with every dollar I earn. Am I crazy? “When my paycheck lands, it takes a detour through bitcoin.” Read at source
Senate tees up college sports bill aimed at regulating NIL deals
The Senate on Monday is slated to vote to create a national framework for name, image and likeness deals in college sports as one of its last acts before the chamber gears up to leave town later this …
‘I’d rather be on a beach in Bali’: My husband resents my $8 million net worth. Should I pay for his retirement?
Meta hires MongoDB CEO CJ Desai to lead enterprise unit. MongoDB shares crater
MongoDB CEO CJ Desai is joining Meta Platforms as its chief enterprise platform officer and will report directly to Meta CEO Mark Zuckerberg.
Expeditors International of Washington Reaches Analyst Target Price
In recent trading, shares of Expeditors International of Washington, Inc. (Symbol: EXPD) have crossed above the average analyst 12-month target price of $114.92, changing hands for $115.32/share. When…