Business

Leopold Aschenbrenner Photo: Josh Edelson Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly. In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI researcher positioned himself as a kind of prophet for the coming age of artificial super

New York state sued prediction market platform Kalshi on Friday, alleging that the company is running an “illegal gambling operation.” In a case filed in a Manhattan state court, the lawsuit claims that Kalshi accepts wagers as a gambling business in disregard for the state’s constitution and laws by not being registered with the New

Rivian Automotive reduced its 2026 spending plans and slightly narrowed its previously forecast losses this year as the company reported second-quarter results Thursday. The revised guidance now includes adjusted losses between $1.8 billion and $2 billion, down from $1.8 billion to $2.1 billion, and capital expenditures of $1.7 billion to $1.8 billion, down from $1.95 billion

China Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, U.S., May 12, 2025. Carlos Barria | Reuters BEIJING — One of the Chinese economy’s few growth drivers lost steam in July, according to the latest survey of businesses by China Beige Book.

Boy Wirat | Istock | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Even high-net-worth clients who can afford top-notch advisors are asking artificial intelligence chatbots like Claude for

A television station broadcasts Kevin Warsh, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, July 29, 2026. Michael Nagle | Bloomberg | Getty Images Economists and investors got their latest look at

A customer prepares to eat at the first Chipotle fast-food restaurant in northeastern Mexico on its opening day in San Pedro Garza Garcia, Mexico, July 16, 2026. Daniel Becerril | Reuters Chipotle Mexican Grill on Wednesday raised its same-store sales growth forecast for the year after topping analysts’ quarterly earnings and revenue expectations. The restaurant

Google’s display at APEC Digital Weeks in Chengdu on July 23, 2026 did not focus on Gemini. Evelyn Cheng | CNBC BEIJING — The artificial intelligence race between the U.S. and China is heating up in the world’s largest continent: Asia. “The American strategy is to stop China from becoming the leading AI supplier for

Cheng Xin | Getty Images News | Getty Images Humana on Wednesday reported second-quarter results that topped estimates, as the health insurer’s spending on medical services came in line with expectations.  The company also maintained its 2026 adjusted profit outlook of at least $9 per share.  The earnings beat was driven by strength across Humana’s

Meta CEO Mark Zuckerberg arrives at Los Angeles Superior Court on Feb. 18, 2026. Jill Connelly | Getty Images Meta is set to report earnings after the market close Wednesday, and traders on prediction market platform Kalshi think the Instagram parent will use its conference call to highlight its Ray-Ban Meta smart glasses and push

German luxury auto brand Audi unveiled its full-size Q9 SUV on Tuesday. It is the first so-named vehicle for Audi and the latest in a product push aimed at the heart of the American market, where the brand has struggled over the past several quarters. The three-row Q9 and a high-performance SQ9 variant will together

The Commodity Futures Trading Commission headquarters in Washington, Dec. 23, 2022. Ting Shen | Bloomberg | Getty Images A coalition of 44 state attorneys general wrote in a letter to the Commodity Futures Trading Commission on Monday that the agency doesn’t have the power to regulate sports-related event contracts on prediction market platforms.  The letter

UPS electric vehicle delivery van on 13th September 2023 in Cirencester, United Kingdom.  Mike Kemp | In Pictures | Getty Images United Parcel Service on Tuesday posted second-quarter earnings results that beat Wall Street expectations and raised its full-year outlook, but said it expects domestic third-quarter revenue to be flat. Shares of the delivery giant

President of Visa Inc. Ryan McInerney delivers a keynote address at the Transact 15 conference in San Francisco, California April 1, 2015. Noah Berger | Reuters Visa, which runs the world’s largest payments network, plans to cut about 7% of its workforce as CEO Ryan McInerney moves to streamline the company and invest more in

NBCUniversal’s Peacock is officially landing on YouTube. All of the streaming service’s content — including NBC Sports’ portfolio of the NFL and NBA, Universal films like the Minions franchise, and original Peacock and Bravo content like the Real Housewives franchise and “Love Island USA” — will be included in YouTube Premium subscriptions in the U.S.

Sopa Images | Lightrocket | Getty Images Investors looking to wager on stocks such as SpaceX and Micron Technology now have a new tool: single-stock futures that trade for nearly 24 hours a day. CME Group on Monday launched cash-settled single-stock futures on 55 U.S. equities, along with micro-sized contracts on 22 names, marking the

Ford said it will produce 1,000 of the limited-edition Ford Bronco models with the Desert Rising package that will be priced at $57,350. Courtesy Ford BROOKLYN, Mich. — Ford Motor is expanding its accessory and parts business in an effort to boost profits and better tap into the $53 billion U.S. aftermarket industry. The automaker

Warren Buffett was critical of a stock market that he said is increasingly driven by speculative trading, as opposed to investing for the long term. “It’s tough to find values when everybody is preferring gambling,” Buffett told CNBC’s Becky Quick. The chairman of Berkshire Hathaway had sharp words on the stock market earlier this year.

Agamemnon and Odysseus in “The Odyssey.” Source: Universal Pictures Christopher Nolan’s “The Odyssey” is racking up box office dollars for Imax and fueling investor confidence that the company will reach record ticket sales in 2026. Shares of Imax jumped more than 8% on Thursday after the company reported it was still on track to deliver

CHANGCHUN, CHINA – JULY 11: People visit the 23rd Changchun International Automobile Expo on July 11, 2026 in Changchun, Jilin Province of China. The exhibition drew participation from 53 Chinese and foreign automobile manufacturers, with over a thousand vehicles on display. (Photo by Zhang Yao/China News Service/VCG via Getty Images) China News Service | China