Michelle Davenport Business Editor 
Amazon shares surged to a new all-time high on Monday, pushing the e-commerce and cloud computing giant past a $3 trillion market capitalization for the first time. The milestone follows a better-than-expected second-quarter earnings report driven by strong artificial intelligence demand across its cloud infrastructure division. Shares of Amazon climbed roughly 4% in Monday trading, … Read more
The U.S. dollar weakened sharply against the Japanese yen on Monday, dropping to nearly 155.20 following a rare public confirmation from President Donald Trump and Japanese Finance Minister Satsuki Katayama that both nations intervened directly in currency markets to counter excessive volatility. The intervention brought an abrupt halt to a dramatic slide that had pushed … Read more
U.S. stock futures rallied on Sunday evening as investors prepared for the July jobs report and a heavy week of corporate earnings, balancing strong second-quarter tech results against lingering inflation worries and fluctuating crude prices. Futures tied to the Dow Jones Industrial Average rose 200 points, or 0.4%, while S&P 500 futures advanced 0.5% and … Read more
Trump Media and Technology Group has officially launched CNBC, a subscription-based, business-to-business data feed designed to provide institutional customers and trading firms with faster, real-time access to posts from prominent accounts on NBC News. The service went live on a Saturday, giving paying subscribers an early edge on content published by high-profile users, most notably … Read more
Flight attendants at WestJet, Canada’s second-largest airline, officially went on strike on Sunday, Aug. 2, 2026, after failing to reach a collective agreement with the carrier following nearly 11 months of negotiations, according to AeroTime. The walkout involves approximately 4,400 cabin crew members represented by the Canadian Union of Public Employees (CUPE) Local 8125, as … Read more
As the Buffett indicator hit record highs, the legendary investor warned that modern stock markets increasingly favor gambling over traditional value investing. Months after stepping down as Berkshire Hathaway’s chief executive on December 31, Warren Buffett is proving that retirement does not require silence. In an extensive interview with CNBC’s Becky Quick on July 15, … Read more
Capital One defended its decision to close hundreds of Trump Organization accounts in a court filing, stating the move followed an anti-money-laundering review rather than political bias. The Trump Organization previously sued the bank in March 2025 over the March 2021 closures. Capital One Financial pushed back against a lawsuit over its decision to close … Read more
Trump Media & Technology Group officially launched its new data service on August 1, 2026, offering trading firms and financial institutions real-time access to high-profile Truth Social posts for up to $100,000 per month. The subscription tier has immediately ignited sharp debate over presidential ethics, market manipulation, and potential securities violations. Truth API Launch and … Read more
Leopold Aschenbrenner’s AI-focused hedge fund, Situational Awareness, sold most of its public stock portfolio to Ken Griffin’s Citadel following steep July market losses and heavy leverage pressure. Industry leaders and analysts weighed in on the fallout. An artificial-intelligence-focused hedge fund launched by a former OpenAI researcher has unloaded a major portion of its public-equity holdings … Read more
U.S. Treasury Secretary Scott Bessent was photographed at Camp David with a notepad indicating plans to buy up to $10 billion in Japanese yen. The disclosure coincides with Ministry of Finance intervention tactics and Bank of Japan hawkish warnings aimed at squeezing currency speculators. U.S. Treasury Secretary Scott Bessent’s private notes at a cabinet meeting … Read more