CNBC
September 2026
Elon Musk, Palmer Luckey and Newt Gingrich to help Pentagon with warfare initiative, Hegseth says
The initiative, dubbed Project Meridian, will spend 120 days looking years and decades ahead at how warfare could change and what capabilities the U.S. military will need to maintain a technological edge
Project Meridian, the future of warfare, is not about developing new strategies or new policies,
Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold
At this point, I have not heard any negative data points pointing to the memory cycle reversing toward a decline anytime soon for the foreseeable future,
Google rolls out Gemini 4 Argon, its most advanced AI model
Alphabet unveiled Gemini 4 Argon on Wednesday, its most advanced artificial intelligence model yet, offering major improvements in coding, cybersecurity, and complex professional work
We really believe that a model of this caliber and this level of frontier performance is meaningfully important for defenders,
Starting this rollout in this way gives us more confidence, but also enables us to put a model that is trained and strong in cyber defense in the hands of defenders as soon as possible,
Sen. Hawley: OpenAI CEO Sam Altman declined to testify at rogue AI hearing
OpenAI is deeply engaged with Congress on federal policies to advance AI safety, including through dozens of meetings in recent weeks with members of both parties in both chambers,
Wall Street is closing out a strong quarter. Plus, Lilly's mixed obesity drug trial data
Two trades that just happened in 'Magnificent Seven' stocks point to big gains ahead
Crude oil exports through the Strait of Hormuz hit prewar levels, but fuel shipments remain constrained
Crude oil exports from the Strait of Hormuz have basically returned to levels normal before the Iran war, as U.S. military escorts have boosted shipments and pipelines have redirected flows
The president I think is going to escalate after the midterms, we keep hearing that the Iranians are going to esclatate into the miderms,
It's very expensive and it's a huge U.S. military commitment,
Watch CNBC's full interview with Citadel's Ken Griffin and Carnegie Mellon University President Farnam Jahanian
The hottest trade of the year so far isn't AI. It's tanker stocks
State Street's Technology Sector SPDR ETF (XLK) is up 3% in Q3 and 36% for the year
Many of the publicly listed tanker companies have dramatically improved their balance sheets in paying down their debt,
As long as the threat of attack remains in place, rates will continue to be very robust,
There's still risk of attacks on ships
The run up in tanker stocks is related to what's called expanding tonne miles,
Kalshi traders see high odds Anthropic's IPO is announced this year
Fed watchdog finds renovation failures, but no grounds for criminal referral
Instead it details a renovation project of the Washington facility that ballooned in cost by roughly a billion dollars from initial estimates as the Fed struggled with design changes and other issues
At no point during our evaluation did we find reasonable grounds to believe that a violation of federal criminal law had occurred requiring a referral to the U.S. Attorney General,
Stocks making the biggest moves midday: Rogers, United Therapeutics, Moderna, FormFactor & more
DOJ accuses Minnesota federal judges of misconduct for NY Times immigration interviews
The DOJ asked the 8th Circuit U.S. Court of Appeals to force the recusal of all seven judges on active status who reportedly spoke with The Times from any case involving the Department of Homeland Security
Trump administration starts sending $500 Obamacare refund checks stands to benefit
The refunds come just over a month before the midterm elections, in which affordability has been a central theme, and after the expiration of enhanced premium subsidies that made health insurance cheaper for Affordable Care Act enrollees
These two chip stocks could join the elite $2 trillion tech giant club, says top analyst
The 'memory' of memory's past is holding it down. Just wait for these guys to buy back 25% of their market cap in 2027/28 — not even Jensen can do that,
To achieve its next trillion, it will likely need to demonstrate that EPS power of $50+ is possible — meaning its 2030 target of > $20 in EPS needs to go a lot higher,
Treasury launches student loan support center as new data show 9.3 million borrowers in default
Under President Trump, Treasury and the Department of Education are restoring fiscal responsibility to our nation's $1.7 trillion federal student loan portfolio,
FTC is investigating OpenAI, Anthropic and other AI companies over product risks
The probe adds to the mounting scrutiny that OpenAI and Anthropic have been facing over their safety practices, especially after industry researchers warned about how the companies' AI models could cause catastrophic harm
Nvidia is approaching a breakout level. Plus, what we want to see from Micron
Unless it takes out this level … then people are going to say that perhaps the stock's not as strong,
Applied Materials just broke out above a key level. This bullish options trade takes advantage
Senate expected to vote on stock trading ban, data center bill before election recess
Wednesday could be the Senate's last day in session before a more than month-long pre-election recess
The bill is a fraud. I can sum up the shortcomings of Republicans' data center bill with one word: optional,
Record AI spend is changing the market hunt for 'cash cows' and 'quality' stock investments
With expectations that spending on AI is being revisited, investors are turning toward companies that they have confidence will continue to grow despite the shifting environment,
Investors are increasingly looking for the legs to stand on" when
The projected buildout would be larger relative to the economy than the major U.S. canal, railroad, electrification, highway, and telecommunications investment booms,
However, by the second quarter of 2026, aggregate capex began to exceed operating cash flow, pushing free cash flow into negative territory,
Companies that generate sustainable free cash flow, maintain strong competitive positions and allocate capital effectively are generally better equipped to navigate economic uncertainty, changing competitive dynamics and periods of market volatility,
Importantly, these companies remain extraordinarily profitable, so the issue isn't profitability. It's that AI investment has become so large that even their substantial cash flows no longer fully cover it,
FCF is not static and capital spending is cyclical. With AI adoption still in its early stages, data center investment is surging. Over time, as more data centers come online, hyperscalers should be able to moderate capex while benefiting from the additional revenue those facilities generate,
Cash today is worth more than the promise of cash tomorrow,
You want to focus on companies that have stronger free cash flow and are less reliant on debt at higher interest rates,
Deutsche Bank CEO warns Germany’s political shift is troubling foreign investors
The AfD proposes sharply restricting immigration and asylum
A lot of investors are also eyeing on Europe because they think that we are not benefiting sufficiently yet from a joint Europe. If you then have actually parties who actually turn their back to Europe, that is obviously not in the interest of international investors,
Kalshi, Polymarket trading volumes on some products raises questions amid massive growth
I'm not attributing it to wash trading,
It's actually healthy for markets because it brings pricing imbalances back into balance,
What Kalshi is doing in a nutshell is they're funneling money to aggressive liquidity takers through the market makers,
It's sort of creating the appearance of liquidity, but it seems like a self-licking ice cream cone,
We have a zero tolerance policy when it comes to any sort of manipulative trading, including wash trading, insider trading, or fraud in our markets,
It doesn't look very organic,
Those are ridiculous long shots,
To the extent that a material share of reported perpetual volume is manufactured... headline volume and its trajectory may overstate the underlying trading demand on which such a valuation would rest,
Eli Lilly says closely watched combo obesity regimen boosts weight loss in mid-stage trial
The combo therapy met the study's main goals in a population that typically struggles to lose weight
Patients may not get what they need from a drug like tirzepatide,
It's probably not the best indicator of the tolerability of a medicine,
This very physiological approach of combining GLP-1, GIP, and amylin, which are three nutrient-stimulated hormones that your body releases naturally in response to food and promotes satiety, putting those things together may just make for a drug that is broadly used,