A Chinese biotechnology company sued the US government on Thursday over being placed on a list of businesses from China that the US Department of Defence has linked to that country’s military. WuXi AppTec filed its complaint in the Washington federal court, calling its inclusion on the list arbitrary, capricious, unsupported by the facts and “the product of political pressure”. It also accused th...
A Chinese biotechnology company sued the US government on Thursday over being placed on a list of businesses from China that the US Department of Defence has linked to that country’s military. WuXi AppTec filed its complaint in the Washington federal court, calling its inclusion on the list arbitrary, capricious, unsupported by the facts and “the product of political pressure”. It also accused the US government of inflicting substantial reputational and operational harm by branding it a...
MCCAIG/iStock via Getty Images Some Context on the Relationship Between the Government and AI In August 2025, the US government acquired a 10% equity stake in Intel ($8.90 billion). From that moment on, Intel experienced a massive rally, and the US government has already quintupled its money in less than a year. The evidence shows that the stock market was enthusiastic about the government interve...
MCCAIG/iStock via Getty Images Some Context on the Relationship Between the Government and AI In August 2025, the US government acquired a 10% equity stake in Intel ($8.90 billion). From that moment on, Intel experienced a massive rally, and the US government has already quintupled its money in less than a year. The evidence shows that the stock market was enthusiastic about the government intervention, but why did it happen in the first place? The main reason was not that the government wanted to make a short-term trade; it was a strategic geopolitical move. Intel is one of the few significant chip manufacturers in the United States, and before the government stepped in, the company was drowning, and shareholders were dumping the stock. A declining Intel is not just a problem for its shareholders but for all Western countries. We are totally dependent on two major chip manufacturers, both of which are located in Asia: TSMC and Samsung. Without them, the supply chain gets stuck, and the world economy can’t keep growing. Since we are living in a world where the geopolitical context worsens every day, being totally reliant on two companies on the other side of the world seems a very risky strategy. Especially when China never stops threatening to annex Taiwan, the country in which TSMC presents its most advanced facilities. As of now, the entire AI supply chain is based on TSMC, and of course, the US would have all the incentive to help Intel close the gap. In light of these considerations, you might believe that the main problem of not having access to the most advanced chips is just a matter of economic growth, but it is actually much more than that. With TSMC chips, you can either produce a new iPhone or extremely powerful weapons. That’s the main problem behind AI and why the US government can’t afford to lose against competitors (China above all). President Trump's AI executive order spells out our approach succinctly. It is the policy of the United States to sus...
jetcityimage Lennar ( LEN ) stock slipped 2.0% in after-hours trading after the homebuilder reduced its full-year target for home deliveries due to continued pressure on interest rates and geopolitical uncertainty. The company now expects FY2026 deliveries of ~82,000-83,000 homes from its previous guidance of ~85,000. " Our second quarter of fiscal year 2026 was defined by the same stubborn headwi...
jetcityimage Lennar ( LEN ) stock slipped 2.0% in after-hours trading after the homebuilder reduced its full-year target for home deliveries due to continued pressure on interest rates and geopolitical uncertainty. The company now expects FY2026 deliveries of ~82,000-83,000 homes from its previous guidance of ~85,000. " Our second quarter of fiscal year 2026 was defined by the same stubborn headwinds that have challenged the housing market for the past several years – persistently elevated mortgage rates, constrained affordability, and cautious consumer sentiment, exacerbated by geopolitical uncertainty creating a resurgent inflation reading of 4.2% driven by higher energy prices," said Chairman, CEO, and President Stuart Miller. The homebuilder expects Q3 new orders of 21,000-22,000 homes vs. the Visible Alpha consensus of 22,231. Q3 deliveries are anticipated to be 20,500-21,500, short of the 21,877 consensus. The average sales price is expected to be $375K-$380K vs. the Visible Alpha estimate of $372.7K. Q2 GAAP EPS of $1.24, in line with the average analyst estimate, fell from $1.81 in last year's Q2. Excluding mark-to-market losses on technology investments, EPS was $1.31. vs. $1.90 in the year-ago quarter. Revenue for the quarter ended May 31, 2026, dropped 5.2% Y/Y to $7.62B, missing the average analyst estimate of $8.07B. Q2 new orders fell 4% Y/Y to 21,749, just above the Visible Alpha estimate of 21,709. Deliveries increased 2% Y/Y to 20,519 homes, just shy of the 20,642 VA estimate. The average delivery price of $377K edged down from $379K in the year-ago quarter and exceeded the VA consensus of $373.6K. Backlog of 16,818 homes, with a dollar value of $6.61B, increased from 15,588 homes valued at $6.04B in Q1 2026. Conference call on June 12 at 11:00 AM ET. More on Lennar Lennar: I Am Buying Ahead Of The Q2 Print Lennar: Smelling Opportunity In Homebuilding Lennar: Foundations Remain Solid, But Market Risks, Valuation Flag Caution Lennar Non-GAAP EPS of $...
Adobe (ADBE) delivered earnings and revenue surprises of +2.20% and +2.50%, respectively, for the quarter ended May 2026. Do the numbers hold clues to what lies ahead for the stock?
Adobe (ADBE) delivered earnings and revenue surprises of +2.20% and +2.50%, respectively, for the quarter ended May 2026. Do the numbers hold clues to what lies ahead for the stock?
In this article SPCX Follow your favorite stocks CREATE FREE ACCOUNT Senator Elizabeth Warren, a Democrat from Massachusetts, speaks to members of the media in the Senate Subway at the US Capitol in Washington, DC, US, on Tuesday, May 19, 2026. Al Drago | Bloomberg | Getty Images Sen. Elizabeth Warren , D-Mass., is raising concerns about whether recent rule changes at stock indexes cleared the way...
In this article SPCX Follow your favorite stocks CREATE FREE ACCOUNT Senator Elizabeth Warren, a Democrat from Massachusetts, speaks to members of the media in the Senate Subway at the US Capitol in Washington, DC, US, on Tuesday, May 19, 2026. Al Drago | Bloomberg | Getty Images Sen. Elizabeth Warren , D-Mass., is raising concerns about whether recent rule changes at stock indexes cleared the way for SpaceX — and potentially OpenAI and Anthropic — to be included in indexes without some of the typical safeguards for investors. The letter to the heads of the Nasdaq, S&P Dow Jones Indices , FTSE Russell and Morningstar Indexes sent on Thursday asked the companies whether they had made or considered rule changes based on lobbying from Elon Musk , other SpaceX officials or officials from OpenAI or Anthropic, and asked for any communications between the companies and the indexes. CNBC is first to report the letter. Warren also detailed changes, or proposed changes the indexes had considered, including fast-tracking newly listed stocks into top indexes. "The changes to your index rules to accommodate these large companies, however, have the potential to destabilize markets and create significant risks for American investors, especially retirees and other individuals that rely on index funds for their savings." SpaceX is set to begin trading on Friday and is poised to be one of the largest public offerings in history, with the company valued around $1.8 trillion. OpenAI and Anthropic also confidentially filed for IPOs as well. Earlier this week, Warren called on the SEC to delay the SpaceX offering over concerns the agency had not done due diligence in protecting investors and market integrity. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Investing.com -- S&P Global Ratings raised its long-term issuer credit rating on NVIDIA Corporation (NASDAQ:NVDA) to "AA" from "AA-," citing insatiable market demand for artificial intelligence systems. The upgrade reflects the chipmaker’s sustainable competitive advantage and massive cash flow generation within the rapidly expanding data center ecosystem. The ratings agency now forecasts Nvidia’s...
Investing.com -- S&P Global Ratings raised its long-term issuer credit rating on NVIDIA Corporation (NASDAQ:NVDA) to "AA" from "AA-," citing insatiable market demand for artificial intelligence systems. The upgrade reflects the chipmaker’s sustainable competitive advantage and massive cash flow generation within the rapidly expanding data center ecosystem. The ratings agency now forecasts Nvidia’s revenue to surge 82% in fiscal 2027 to $394 billion, followed by a 38% increase to $544 billion the
Tesla launched an unsupervised robotaxi service across the Austin metropolitan area, marking one of the first commercial scale driverless ride hailing deployments. The company gained additional European Union approvals for its supervised Full Self Driving software, including in Belgium and Denmark. Ticker: NasdaqGS:TSLA, with a recent share price of $381.59 and a 1 year return of 16.9%. Tesla, tra...
Tesla launched an unsupervised robotaxi service across the Austin metropolitan area, marking one of the first commercial scale driverless ride hailing deployments. The company gained additional European Union approvals for its supervised Full Self Driving software, including in Belgium and Denmark. Ticker: NasdaqGS:TSLA, with a recent share price of $381.59 and a 1 year return of 16.9%. Tesla, trading under NasdaqGS:TSLA, is pushing further into autonomous mobility with its new robotaxi...
Earnings Snapshot (Seeking Alpha) jetcityimage More on Lennar Lennar: I Am Buying Ahead Of The Q2 Print Lennar: Smelling Opportunity In Homebuilding Lennar: Foundations Remain Solid, But Market Risks, Valuation Flag Caution Lennar Q2 2026 Earnings Preview Lennar appoints Jim Parker as COO and David Grove as Homebuilding EVP
Earnings Snapshot (Seeking Alpha) jetcityimage More on Lennar Lennar: I Am Buying Ahead Of The Q2 Print Lennar: Smelling Opportunity In Homebuilding Lennar: Foundations Remain Solid, But Market Risks, Valuation Flag Caution Lennar Q2 2026 Earnings Preview Lennar appoints Jim Parker as COO and David Grove as Homebuilding EVP