DeepSeek's hardware spend could be as high as $500 million, new report estimates
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$500 million in food at spoilage risk after USAID pause, report says
A report from the USAID inspector general says that almost $500 million in food assistance is sitting in ports, ships and warehouses.CBS News - Feb. 11 -
NASCAR drivers divided on new rule that could guarantee Helio Castroneves a spot in the Daytona 500
A controversial new NASCAR rule designed for “world-class drivers” could give Helio Castroneves an automatic berth into the Daytona 500ABC News - Feb. 11 -
New pit system creates a buzz in NASCAR Cup garage, could impact Daytona 500
Joe Gibbs Racing unveiled a new system to alert their drivers when to exit their pit stall and it has other drivers talking.Yahoo Sports - 3d -
Trump's Mexico and Canada tariffs could add nearly $6,000 to the average cost of a car, by one estimate
'We believe the Auto sector is the most exposed to the risks of increased tariffs,' an analyst said.CNBC - 6d -
How China's DeepSeek could boost the already booming data center market
Despite an initial knee-jerk reaction from markets, experts told CNBC that cheaper and more efficient AI models could ultimately boost the data center market.CNBC - 4d -
Trump Media reports $400 million in 2024 losses
Trump Media & Technology Group is worth almost $7 billion, but the company generated less than $4 million in revenue in 2024, according to a new filing.CNBC - 4d -
Biogen beats estimates on cost cuts and new drugs like Leqembi, but profit outlook falls short
Biogen expects Leqembi and new rare disease and depression treatments to help offset revenue lost from multiple sclerosis products.CNBC - 6d -
Morning Report — How to spend, where to cut: GOP counts the ways
In today’s issue: Republican lawmakers have budget specifics to craft, a looming fiscal deadline next month and internal divisions galore over how to get President Trump’s agenda woven into ...The Hill - 17h -
BYD shares hit record high after EV maker rolls out driver assistance tech with DeepSeek's AI help
Advanced smart driving will become a standard safety feature similar to seatbelts and air bags, BYD's founder and chairman Wang Chuanfu said.CNBC - Feb. 11 -
Defense stocks drop after Trump says Pentagon spending could be halved
Shares of Northrop Grumman and Lockheed Martin were under pressure after President Donald Trump raised the idea of large cuts to defense spending.CNBC - 5d
More from CNBC
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U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low
Sales expectations in the next six months took a major hit in the National Association of Home Builders' Housing Market Index.CNBC - 9h -
Tesla's law firm drafts Delaware bill that could salvage Musk pay package
The legislation would amend Delaware General Corporation Law and could pave the way for the reinstatement of Musk's 2018 CEO pay package at Tesla.CNBC - 7h -
HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%
HSBC on Wednesday reported annual pre-tax profit of $32.31 billion, marginally missing analysts' estimates.CNBC - 1m -
China deal-making ramps up after years of decline as domestic companies prepare for Trump tariffs
China is starting to see a rebound in M&As as government stimulus measures start to bear fruit and pressure from Donald Trump's tariffs drive consolidation.CNBC - 2h -
China’s DeepSeek has taken the world by storm. Here are the brains powering the AI sensation
DeepSeek founder Liang has received the lion's share of media attention in recent weeks as his AI assistant ascended to the top of global app charts.CNBC - 4h
More in Business
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HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%
HSBC on Wednesday reported annual pre-tax profit of $32.31 billion, marginally missing analysts' estimates.CNBC - 1m -
Mira Murati, OpenAI’s Former Chief Technology Officer, Starts Her Own Company
Mira Murati, who left OpenAI last year, has helped establish Thinking Machines Lab, a new artificial intelligence start-up.The New York Times - 7m -
Top sustainable fuel producer to cut spending and jobs after disastrous year
Neste chief says company still bullish despite $10bn bet on energy transition yet to pay offFinancial Times - 10m -
Investors call for vote on any BP rowback on climate goals
Shareholders in potential clash with US activist Elliott over direction of oil majorFinancial Times - 10m -
Is the UK’s new fraud compensation scheme already broken?
New protections are meant to help victims of push payment scams, but experts say the system itself is in urgent need of repairFinancial Times - 10m