Fed’s Lisa Cook denies committing mortgage fraud, says Trump has no grounds to remove her from office
Cook’s lawyer says she made an inadvertent error listing her apartment in Atlanta as a primary residence
Markets
Easing Supply Fears Weigh on Cocoa Prices
Cocoa prices are slightly lower today. Prices have been under pressure this week on signs of abundant global cocoa supplies. Last Friday, Bloomberg reported that Nigeria’s July cocoa bean exports rose +18% y/y to 16,052…
What to know about Hugging Face, the open-source AI startup reportedly catching Nvidia’s eye
This is Grab’s most significant outlay to date and it marks its first move outside of Southeast Asia, where it currently serves eight countries. When Grab got itself profitable last August, we suggested it could use its…
Salesforce CEO Marc Benioff says the ‘SaaSpocalypse’ is nonsense. Here's why
Salesforce CEO Marc Benioff said Wednesday it's time to put fears of a "SaaSpocalypse" to rest after the company's latest earnings report.
I just had my first baby and don’t want to go back to work. Is quitting for a year a bad idea?
There are a myriad of reasons women leave or pause their careers. From love to children, marriage, relocation, a partner’s request, or circumstances that feel entirely out of their control, the paths that lead women awa…
CrowdStrike jumps 11% on record second quarter as 'Mythos moment' drives AI cyber wave
CrowdStrike popped more than 11% in extended trading after the cybersecurity company topped Wall Street's fiscal second-quarter estimates and boosted guidance as artificial intelligence threats mount.
Republicans are dismissing affordability. That could be a problem in November
President Donald Trump, in an interview Wednesday, said the word "affordability" was "devised" by Democrats to disparage him. The Republican National Committee sent out a fundraising text attributed to Vice President JD…
Fed Gov Lisa Cook’s lawyer fires back at Trump's renewed threat to oust her
A lawyer for Federal Reserve Governor Lisa Cook on Wednesday pushed back on President Donald Trump's revived effort to remove her from the central bank, telling the White House in a five-page letter that allegations of …
Corn Rallies to Fresh 3-year Highs
Corn futures are trading with midday gains of 11 to 14 cents cents on Wednesday, hitting the highest price since August 2023. Spillover strength in wheat and supply concerns over the US crop have both been supportive. T…
Salesforce stock jumps 12% on AI growth and Anthropic investment gain
Salesforce shares soared 12% in extended trading on Wednesday after the cloud software vendor reported results and issued guidance that surpassed Wall Street projections.
OpenAI releases sweeping report on Hugging Face AI agent hack
OpenAI published a technical report on Wednesday detailing how its artificial intelligence models successfully breached Hugging Face last month, an incident that rattled researchers and executives across the tech sector.
Stocks Finish Little Changed Ahead of Nvidia Earnings
The S&P 500 Index ($SPX) (SPY) closed down by -0.02% on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.05%. E-mini S&P futures (ES…
Wheat Rallying to New Highs as Russia Looks to Escalation
The wheat complex rallied on Wednesday with escalating tensions out of the Black Sea. Chicago SRW contracts were up the 45 cent limit in the front months and other contracts up 26 to 44 cents. KC HRW futures were 17 to …
CrowdStrike’s stock soars after AI fuels the cybersecurity company’s ‘best quarter in history’
CrowdStrike's fiscal second quarter was not just a beat — it was, in the words of CEO George Kurtz, 'our very best quarter in company history.' The cybersecurity giant posted a record $333 million in net new annual recu…
Salesforce’s stock gets an Anthropic boost — and more highlights from earnings
Salesforce cleared Wall Street’s second-quarter expectations and deepened its ties with AI lab Anthropic.
Apple sets iPhone launch event for Sept. 9, first under new CEO John Ternus
Apple announced Wednesday that it is holding a launch event at its headquarters in Cupertino, California, on Sept. 9.
Okta pops 20% after topping estimates as AI threat spikes demand for identity security
Okta shares surged 20% in extended trading after the identity software provider surpassed Wall Street's fiscal second-quarter estimates.
Meta dodges ‘Big Tobacco’ nightmare with $18 billion settlement in child-safety lawsuit
The social-media giant’s agreement with state officials removes a cloud that was hanging over its stock, analysts say.
Salesforce cRPO Could Decide Whether Revenue Growth Reaccelerates
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Wednesday Sector Laggards: Shipping, Precious Metals
In trading on Wednesday, shipping shares were relative laggards, down on the day by about 3.1%. Helping drag down the group were shares of Dorian LPG, down about 6.1% and shares of Pangaea Logistics Solutions down about…
Salesforce, Anthropic expand partnership as Benioff responds to ‘SaaSpocalypse’ concerns
Salesforce and Anthropic on Wednesday expanded their strategic partnership and unveiled "Claudeforce," a new way for salespeople to access critical data directly from inside Anthropic's Claude chatbot.
Economists want Warsh to share more on his view of the economy at Jackson Hole, says CNBC survey
Eighty percent of CNBC Fed Survey respondents say the Federal Reserve Chairman Warsh should provide more insight into his economic views.
Equinix at Six Five Summit: ai demand lifts guidance
Equinix reported a 10% rise in first-quarter revenue to $2.44 billion and lifted its 2026 guidance, with the data center operator citing record bookings and accelerating demand from AI customers as the backbone of the r…
States sue to block Trump-backed USPS mail-ballot rule after Supreme Court setback
The rule in question would require election officials to give USPS voter information and use federally reviewed, uniquely barcoded ballot envelopes.