Anthropic’s potential $2 trillion IPO comes with the following fine print
Anthropic’s revenue grew over 10-fold in 2025, but the cost of training and serving its models is also climbing.
Finance & markets
Stocks Settle Lower on Rising Bond Yields
The S&P 500 Index ($SPX) (SPY) closed down by -0.77% on Monday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.67%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.08%. December E-mini S&P future…
OpenAI abandons plan to release upcoming model as safety concerns escalate
OpenAI decided not to release an upcoming artificial intelligence model, GPT-6.1 Astra, after determining that it did not adequately meet the company's safety standards, CNBC confirmed on Monday.
Hogs Showing Steadier Trade on Monday
Lean hog futures are up 50 cents to 22 cents lower on Monday, showing mixed trade. USDA’s national base hog price was not reported on Monday morning due to thin volume. The CME Lean Hog Index was down another 44 cents o…
Nat-Gas Prices Fall as Force Majeure Lifted on Appalachian Pipeline
Nat-gas prices settled sharply lower on Monday after a force majeure was lifted on a gas pipeline in West Virginia, reducing fears of a prolonged outage. TC Energy on Sunday notified customers that the force majeure on …
CNBC's The China Connection newsletter: Spectacle-heavy Trump-Xi summit was more about domestic messaging
Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I'm seeing and hearing from local businesses.
AMD makes a big bet on the next era of AI with World Labs acquisition
The chip maker is buying the startup and adding AI pioneer Fei-Fei Li as its chief scientist.
Cotton Trying to Push Higher on Monday
Cotton futures are trading with October down 60 points, with other contracts up 10 to 21 points. Crude oil is up 68 cents per barrel on the session, with the US dollar index $0.162 higher.
This AI startup has only 14 employees — and a fresh $10 billion valuation
Instinct is rapidly amassing investment dollars, illustrating the rush of excitement around personal AI assistants.
Samsung to inject $1 billion into Nvidia- and KKR-backed AI infrastructure firm
Samsung Electronics and its five affiliates are investing $1 billion in KKR-launched Helix as the group expands its push into global AI infrastructure.
Michael Burry believes the AI bubble 'may burst' sooner than he first believed
Michael Burry is moving up the timeline for his bearish thesis on the fate of the artificial intelligence boom.
Sugar Prices Settle Mixed as Crude Oil Erases an Early Rally
October NY world sugar #11 (SBV26) closed down -0.04 (-0.23%) on Monday, and December London ICE white sugar #5 (SWZ26) closed up +1.50 (+0.30%).
MongoDB’s stock is down nearly 20% as CEO decamps to Meta
“July is one of the most bullish months of the year. In fact, based on last year’s update, July became the most bullish month on average. For readers who may not remember, or who may be new here, July has been positive …
Intel Selloff Tests Whether Its 2026 Rally Has Priced In Too Much
The melt-up finally took a breather. After nine straight winning weeks, the S&P 500 closed lower, finishing Friday at 7,384, down about 2.6% on the week and roughly 3% below Tuesday’s record high of 7,609.78. The headli…
Cocoa Prices Pressured by Ample Ivory Coast Cocoa Supplies
December ICE NY cocoa (CCZ26) closed down -30 (-0.53%) on Monday, and December ICE London cocoa #7 (CAZ26) closed down -30 (-0.71%).
SpaceX’s next big growth engine isn’t rockets — it’s this play on AI power, analysts say
The company has a lucrative opportunity in letting rivals tap its data centers for computing power.
The European Commission has refused to allocate $250 million to Ukraine to support farmers
“This will more or less allow us to hold out until the New Year. But now we already need to think about what will happen in the spring after the New Year, because the situation remains critical,” he said.
Cattle Slipping Back to Start the Week
Live cattle futures are showing modest losses of 85 cents to $1.15 at midday. Cash trade was reported at $345-350 dressed in the North, with $222-223 live sales. Feeder cattle futures are falling $1.60 to $2.35 on Monda…
AMD to buy Fei-Fei Li’s World Labs in $8.2 billion bet on ’physical AI’
The current wisdom in chipmaking is that building good chips requires understanding how the AI models running on them are evolving. Nvidia already has an answer to that in its own open-weight world model, Cosmos. AMD ha…
Stocks Retreat as Bond Yields Surge
The S&P 500 Index ($SPX) (SPY) is down by -0.92% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.75%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.55%. December E-mini S&P futures (ESZ26) are do…
Supreme Court Justice Alito will not participate in big climate change case next week
Supreme Court Justice Samuel Alito, in a surprising reversal, has recused himself from participating in a major climate-change case the Supreme Court is set to hear next week, which involves the oil companies Exxon Mobi…
Boeing 737 Max 10 certification delayed by software issue, FAA says
The head of the Federal Aviation Administration said a software problem will delay its certification of the Boeing 737 Max 10 as the agency assesses whether it poses a safety issue, a potential setback for the manufactu…
Trump to announce plan for $15 billion steel plant, would be largest in U.S. history
President Donald Trump on Monday will announce a steel-making company's plan to invest about $15 billion to build what would be the largest plant of its kind in U.S. history, a White House official confirmed to CNBC.