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Social media bans on teens risk strengthening Big Tech’s grip on the sector, Bluesky exec warns

Social media bans on teens risk strengthening Big Tech’s grip on the sector, Bluesky exec warns

This photograph shows a set up smart-phone screen displaying the logo of main social media platforms including Instagram, Facebook, LinkedIn, Reddit, Telegram, X, Bluesky, Tiktok and Whatsapp. Martin Lelievre | Afp | Getty Images Government action to ban social media platforms risks strengthening Big Tech’s grip on the industry further, limiting access for smaller players, … Read more

Cramer’s week ahead: Stocks face pressure from rates, oil, and a flood of new offerings

Cramer’s week ahead: Stocks face pressure from rates, oil, and a flood of new offerings

CNBC’s Jim Cramer on Friday warned that a combination of rising interest rates, elevated oil prices, and a wave of new stock offerings could continue to pressure the market in the week ahead. “You’re looking at a market that’s hostage to interest rates and high oil, coupled with a monster amount of new stock coming … Read more

Marvell Technology and Flex to join S&P 500 index, replacing Pool and Campbell’s

Marvell Technology and Flex to join S&P 500 index, replacing Pool and Campbell’s

Marvell Technology Group Ltd. headquarters in Santa Clara, California, on Sept. 6, 2024. David Paul Morris | Bloomberg | Getty Images Marvell Technology, a chipmaker that makes several different parts and products needed for the artificial intelligence infrastructure boom, is joining the S&P 500 on June 22, becoming the latest semiconductor company to be added … Read more

Mythos rejuvenated the cybersecurity sector. Earnings put the recent rally to the test

Mythos rejuvenated the cybersecurity sector. Earnings put the recent rally to the test

Chief executive officer at Palo Alto Networks Inc., Nikesh Arora attends the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. Chesnot | Getty Images Anthropic‘s Mythos model offered a much-needed lifeline to cybersecurity firms in the age of artificial intelligence. … Read more

Trump administration, OpenAI discussing possible government stake in the AI startup

Trump administration, OpenAI discussing possible government stake in the AI startup

OpenAI CEO Sam Altman and the White House are in ongoing talks about a possible government stake in the artificial intelligence company, CNBC confirmed on Friday. The discussions have been in progress for more than a year, as Altman first shared the idea with the Trump administration in 2025, according to a source familiar with … Read more

Amazon unveils latest warehouse robot as tech giants continue AI layoffs

Amazon unveils latest warehouse robot as tech giants continue AI layoffs

Amazon’s original Proteus robot has been rolled out in 25 fulfilment centers in the U.S. Sawdah Bhaimiya Amazon has unveiled its latest warehouse robot that can take commands in conversational language, underscoring how AI-powered automation is advancing as companies continue to slash their corporate workforce in AI-driven efficiencies. The tech giant’s next-generation Proteus is an … Read more

Where investors may find the next ‘big wave’ for AI trade

Where investors may find the next ‘big wave’ for AI trade

The next massive gains in artificial intelligence may come from thousands of miles away. Tim Urbanowicz, chief investment strategist at Innovator from Goldman Sachs Asset Management, is urging investors to look beyond their backyards to the emerging markets. “[It’s] where a lot of the big money can be made on the AI trade,” he told … Read more

China may move toward U.S. path on AI as firms poach employees

China may move toward U.S. path on AI as firms poach employees

Tencent’s Chief AI Scientist Yao Shunyu (R) discusses the tech outlook with Tencent CNBC | Evelyn Cheng BEIJING — A former OpenAI researcher is now chief AI scientist for Tencent in China, and wants to build artificial general intelligence. It’s a sign of a shift in the U.S.-China tech race. AI with human-level or above … Read more

South Korea labor minister calls on tech firms to share excess AI profits with suppliers, staff: Reuters

South Korea labor minister calls on tech firms to share excess AI profits with suppliers, staff: Reuters

Kim Young-hoon, former leader of the Korean Confederation of Trade Unions and current ITX train driver who is nominated as Minister of Employment and Labor, arrives at his confirmation hearing preparation office at the Seoul Regional Employment and Labor Office in Jung District, Seoul, South Korea, on June 24, 2025. (Photo by Chris Jung/NurPhoto via … Read more

SpaceX blocked from early U.S. benchmark index entry as S&P reaffirms existing rules

SpaceX blocked from early U.S. benchmark index entry as S&P reaffirms existing rules

SpaceX signage outside the Space Exploration Technologies Corp. facility in Hawthorne, California, on June 3, 2026. Michael Yanow | Nurphoto | Getty Images S&P Global said on Thursday it was not changing the requirements for entry into its major indices, dealing a setback to Elon Musk’s SpaceX by effectively ruling out a swift entry for the world’s biggest-ever IPO into the benchmark S&P 500 index. Musk … Read more

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