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Federal Reserve Chairman Kevin Warsh testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Dirksen building on Wednesday, July 15, 2026. Tom Williams | Cq-roll Call, Inc. | Getty ImagesIn April, the Federal Reserve and Treasury Department convened an extraordinary meeting with the CEOs of the nation’s top banks. Officials rang the alarm bell about an advanced new artificial intelligence model that could pose an unprecedented cybersecurity threat to the nation’s top financial institutions. Anthropic, the company behind the AI model, Claude Mythos Preview, said the offering excelled at…
Dell stock jumps on rival Supermicro’s strong margin guidance Source link
CEO of OpenAI Sam Altman walks through the Hart Senate Office Building, following meetings on Capitol Hill, in Washington, D.C., U.S., June 3, 2026.Evelyn Hockstein | ReutersOpenAI said it appointed longtime financial executives David Vélez and Robin Vince to its nonprofit and for-profit boards of directors, as the company marches closer to a prospective IPO. Vélez is the CEO of Nubank, the largest digital bank in Latin America, and Vince is the CEO of the financial services company BNY. OpenAI said in a statement on Tuesday that the pair will provide the company with “complementary perspectives on how technology can…
Members of the public are asked if they think they should have being given a vote before Andy Burnham was appointed the new UK prime minister. Source link
Super Micro Computer CEO Charles Liang speaks at the Raise summit in Paris on July 8, 2025. Nathan Laine | Bloomberg | Getty ImagesShares of Super Micro Computer jumped 15% after the server maker said Tuesday it now sees higher margins than previously projected for the June quarter, with a surge in new orders.The company said its gross margin and adjusted gross margin should come in between 15% and 17%, a step up from the range of 8.2% to 8.4% that management provided in May.The revision is “primarily due to a favorable customer and product mix,” Super Micro said in…
Investing.com — Dyne Therapeutics Inc () shares dropped 16.1% on Tuesday after the company announced an underwritten public offering of $300 million in common stock. The clinical-stage biotechnology company said it commenced the offering and intends to grant underwriters a 30-day option to purchase up to an additional $45 million of shares. All shares in the proposed offering will be sold by Dyne. Morgan Stanley, Jefferies and Evercore ISI are acting as joint book-running managers for the offering, with LifeSci Capital and Raymond James also serving as joint book-running managers. Jones is acting as lead manager. The company stated that…
The legal theory behind the lawsuits is not specific to any industry. “Plaintiffs have filed class actions against companies across varying industries and points in the supply chain from food manufacturers to logistics providers. The specific allegations in each case differ, but the primary legal theory is the same: companies cannot pass tariff costs to consumers and retain government refunds for the same tariffs,” Foley & Lardner lawyers Erik Swanholt and Kelsey Boehm wrote. Holland & Knight lawyers wrote in a legal alert that “any business that both passed tariff costs through to customers and is pursuing government refunds could…
A visitor watches an AI sign on an animated screen at the Mobile World Congress, the telecom industry’s biggest annual gathering, in Barcelona, Spain.Josep Lago | Afp | Getty ImagesTogether, the two leading AI developers spent $3.17 million during the quarter, up 23% from the first three months of the year, according to federal lobbying disclosures.Anthropic spent $1.97 million from April through June, up 26% from the first quarter. OpenAI spent $1.2 million, an increase of nearly 18%. The companies reported lobbying on issues including cybersecurity, copyright, cloud computing and defense procurement.Monitoring lobbying spending, which companies must report quarterly to…
Tesla Inc. charging stations behind the Conoco Tower Station and U-Drop Inn Cafe along the historic Route 66 on June 7, 2026 in Shamrock, Texas. Al Drago | Getty ImagesOptions traders are betting Tesla could see its biggest post-earnings move in a year when the electric auto giant reports on Wednesday after the bell.Current prices for at-the-money puts and calls are implying a 5.76% move, which is the largest implied move since traders priced in a 6% swing back in October 2025. It would be the largest realized move since last July. On Tuesday, options flow leaned bullish, with traders…
Colonel General Oleksandr Syrskyi, commander-in-chief of Ukraine’s armed forces.Valentyn Ogirenko | ReutersPresident Volodymyr Zelenskyy on Tuesday fired Gen. Oleksandr Syrskyi as commander-in-chief of Ukraine’s armed forces, following days of mass protests in Kyiv and other cities nationwide demanding his removal.Zelenskyy appointed Mykhailo Drapatyi as the new army chief, according to a statement on social media.Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. Source link