Stocks
Megacap stocks split as Nvidia rises, Tesla slides
US megacaps were mixed on Friday, with Nvidia edging higher while most of the group slipped. Tesla led the declines and Apple, Microsoft and Alphabet all fell, leaving breadth weak across the cohort.
U.S. payrolls jump 162,000 in August
U.S. hiring rebounded in August with payrolls up 162,000, far above forecasts, while unemployment stayed at 4.1%. The report pushed Treasury yields higher and shifted attention to inflation data.
US earnings round-up: all 12 reporters came in above consensus
Twelve large US groups reported over the past week and all 12 posted EPS above consensus, though share moves were mixed.
US megacaps rise across the board on Thursday
Apple, Microsoft, Nvidia and the other megacaps finished higher on Thursday, with all seven tracked stocks advancing. Tesla led gains, while Apple lagged but still rose, underscoring broad leadership rather than a narrow move.
Nvidia to buy Hugging Face for $12.9 billion
Nvidia has agreed to acquire open-source AI platform Hugging Face in a $12.9 billion deal, deepening its push beyond chips and into the software layer of AI.
Nvidia leads megacaps higher as Tesla, Microsoft slip
US megacaps were mostly firmer on Wednesday, with Nvidia out front and Meta also gaining. Microsoft and Tesla lagged, while Apple and Amazon were little changed, leaving the group mixed but broadly constructive.
Uber to cut 10% of workforce as it restructures
Uber is eliminating roughly a tenth of its staff as it reduces management layers, consolidates teams and shifts more work into hubs such as New York and San Francisco.
Binance adds stock and ETF options for non-US users
Binance is widening its traditional finance offering with physically settled options on more than 1,000 U.S. stocks and ETFs, available to eligible users outside the United States.
Apple and Meta rise as megacaps mostly ease
Apple and Meta led a narrow advance among the US megacaps on Tuesday, while Microsoft, Nvidia, Alphabet, Amazon and Tesla moved lower. The day left the group split between modest strength and broad pressure.
Fed’s Barr backs a rate hike if inflation stays hot
Federal Reserve Governor Michael Barr said he would support higher rates if inflation fails to moderate, as markets weigh persistent price pressures and rising Treasury yields.
Tesla leads megacaps as most US giants slip
A mixed session left two of seven tracked megacaps higher and five lower or flat. Tesla outperformed by a wide margin, while Amazon and Alphabet were the weakest of the group.
France debt stress pushes bond yields near 2008 highs
France’s widening deficit, heavy debt load and political gridlock have lifted borrowing costs to levels last seen in the financial crisis, adding pressure ahead of another budget fight.
Eyes on Tech Titans as Broadcom, Palo Alto Networks Report
A busy fortnight of US earnings begins with major technology and infrastructure firms, led by chip giant Broadcom and cybersecurity leader Palo Alto Networks.
Aon nears $17 billion USI acquisition from KKR
Aon is close to buying insurance brokerage USI from KKR in a deal that would be worth about $17 billion including debt, according to a Journal report.
Freedom Fuel faces scrutiny after unpaid fuel lawsuit
A federal lawsuit says distributor KRSM bought more than 1.1 million gallons of fuel, failed to pay a roughly $4 million bill, and sold some of it into the Freedom Fuel network.
Megacaps mixed as Nvidia drops, Amazon leads
Five of seven leading US megacaps rose on Sunday, but the group was split by a sharp Nvidia decline and a smaller fall in Tesla. The moves show how index-heavy names can pull in different directions over a single session.
Iceland rejects EU talks amid fishing concerns
Voters in Iceland turned down a push to reopen accession talks with the European Union, choosing to preserve control over fisheries despite rising geopolitical anxiety.
Tokenized stock transfers surge 415% in 30 days
Onchain trading in tokenized equities accelerated in August, with transfer volume, active addresses and holders all climbing sharply as distributed value rose to $2.54 billion.
Tech backlash intensifies as AI fears meet social media anger
Americans are growing more skeptical of big tech as AI anxiety, data center opposition and anger over social media harms reshape the debate around Silicon Valley.
OpenAI to cut Cursor model access after SpaceX deal
OpenAI says it will stop serving models through Cursor on Nov. 12 and will not supply future models, after Elon Musk’s SpaceX bought the coding startup.
Megacaps mixed as Nvidia falls, Amazon leads gains
Five of seven megacaps rose on Saturday, but the group’s move was uneven: Amazon led advances while Nvidia and Tesla slipped. The day was a reminder that index-heavy stocks can diverge sharply even within the same cohort.
Nvidia Shares Fall 4.57% in Single-Session Pullback
The chipmaker's stock closed at $217.55, a significant single-day decline. We examine the general market mechanics that can drive such moves and what they…
Canadian mining stocks rally as resources data shifts
Canadian mining shares had a strong week as Canada’s second-quarter GDP rebounded and June output kept growing, even as oil sands and support services weakened.
Meta settlement puts TikTok and YouTube under pressure
Meta has settled a California trial over youth harms claims for up to $18 billion, with part of the payout contingent on rivals making similar product changes.
Apple raises U.S. prices for TV and Apple One
Apple increased the monthly and annual prices of Apple TV in the U.S. and lifted the individual Apple One bundle rate, following a July hike for Apple Music.
Megacaps split as Amazon and Microsoft lead
The largest US stocks finished Friday mixed, with five of the seven tracked names higher and Nvidia and Tesla lower. Amazon and Microsoft led gains, while Nvidia’s drop made it the sharpest laggard.
All 15 large US reporters topped consensus in busy week
All 15 large US companies that reported over the past seven days came in above consensus, with stock moves ranging from sharp gains to declines.
Gap names new Old Navy CEO as sales weaken
Gap is replacing Old Navy’s chief executive as the brand works to reverse a quarterly sales decline and revive traffic at its largest division.
Nvidia leads megacaps higher as mixed trade persists
US megacaps were mixed on Thursday, with Nvidia far ahead of the pack and Amazon, Meta and Alphabet slipping. The moves reflect a split tape rather than a broad one-way shift.
Bank of Korea raises rates again as inflation stays hot
South Korea’s central bank lifted rates for a second straight meeting to 3%, citing persistent core inflation, firm growth and lingering price pressures in housing and wages.
Salesforce jumps 12% after AI gains lift results
Salesforce reported stronger-than-expected quarterly results and raised its outlook, helped by revenue growth and a large investment gain tied to Anthropic.
Megacaps split as Meta leads, Alphabet lags
US megacaps traded mixed on Wednesday, with Meta, Apple and Microsoft higher while Amazon, Tesla, Nvidia and Alphabet slipped. The day’s moves were contained, but dispersion widened across the group.
Why Did Meta Stock Open High Then Fall? The Settlement Fixed the Wrong Problem
Meta agreed a $16.7 billion settlement with 29 states and opened 3.9% higher, then gave it all back. The reason is not legal risk — it is cash burn.
Meta settles child safety trial for $12.6 billion
The social media giant agreed to pay billions and implement teen usage limits and nighttime blocks to settle federal allegations it misrepresented mental health harms.
Why Is Intuit Stock Falling? INTU Beat Earnings but Guidance Did the Damage
Intuit topped fourth-quarter revenue and profit forecasts, yet INTU shares slid. The reason is not the quarter — it is the fiscal 2027 outlook.
SpaceX to Build $100 Billion Louisiana Spaceport
Elon Musk's SpaceX will construct its primary Starship launch facility, Starbase LA, in Vermilion Parish, creating thousands of jobs and marking a massive expansion of U.S. launch capacity.
Megacaps mixed as Nvidia leads, Apple slips
Nvidia, Tesla and Meta led a broadly firmer megacap group on Tuesday, while Apple, Alphabet and Amazon finished lower. The moves were modest enough to matter for relative performance more than for the index itself.
Big Tech mostly higher as Nvidia, Tesla lag
Most of the US megacaps traded higher on Monday, with Apple, Microsoft, Alphabet, Meta and Amazon in the green. Nvidia and Tesla moved lower, leaving the group mixed but still broadly constructive.
Singapore inflation hits two-year high, misses forecasts
Singapore consumer inflation accelerated in July to 2.2%, the fastest pace in nearly two years, but came in below economist estimates as energy costs climbed.
Nvidia, Salesforce, Broadcom lead dense US earnings slate
Fifteen large US companies report over the next 14 days, with Nvidia, Salesforce and Broadcom among the most closely watched names.
Megacaps mixed as Tesla leads Sunday trade
US megacaps were mixed on Sunday, with four of seven names higher and three lower or flat. Tesla led gains while Nvidia, Apple and Amazon slipped modestly, underscoring how single-day moves can diverge inside the group.
Nvidia customers face higher AI server prices
Nvidia has warned some large customers that servers with its AI chips may cost more next year, with Bloomberg reporting increases of more than 15% in many cases.
Canada prepares retaliation after U.S. tariffs snap talks
Washington and Ottawa failed to seal a trade deal, triggering 50% U.S. tariffs on some Canadian goods and setting up Canadian retaliation from Sept. 8.
Trump’s June trading log shows wide portfolio reshuffle
Donald Trump reported more than 1,000 June transactions, with heavy buying and selling across stocks, ETFs and bonds. The filing showed large swings in Meta, Berkshire Hathaway and Vanguard funds.
Megacaps mixed as Tesla leads Saturday gains
US megacaps were mixed on Saturday, with four of seven higher and Tesla the strongest mover. Apple, Amazon and Nvidia slipped, while Microsoft and Meta posted smaller gains.
Beef imports to get tariff break under Trump plan
The White House plans to let up to 300,000 metric tons of beef trimmings enter duty-free over three months, as Trump says the meat will be sold below current prices.
Tesla leads megacaps as Apple, Amazon slip
Tesla outpaced the megacap cohort on Friday, while Alphabet and Meta added smaller gains and Microsoft was effectively flat. Nvidia, Apple and Amazon were lower, leaving the group mixed but still centred on a narrow set of large-cap moves.
Lakers sale lifts CNBC NBA team values to new high
A pending $12.5 billion sale of the Los Angeles Lakers is pushing up CNBC’s latest NBA valuations, lifting the leaguewide average and leaving the Warriors at No. 1.
US retail and industrial earnings top consensus as shares dip
All 11 large US companies that reported over the past week posted EPS above consensus, though most shares fell on the day.
Hyundai weighs bigger Georgia plant for U.S. output
Hyundai is considering lifting planned capacity at its Georgia Metaplant to as much as 800,000 vehicles by 2028 as part of a $26 billion U.S. investment push.