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Trump criticized Big Oil’s profits. Here’s how refining profits surged
Chevron does not report a comparable, standalone refining-margin figure, but it reported Friday that its downstream earnings more than quadrupled from a year earlier to $4.9 billion, with the company citing higher margins on…
Safety gains remain hard to prove
When Shelley Copsey was appointed by the Ontario Teachers' Pension Plan, one of the world's biggest infrastructure investors, her job was to find ways to use technology to solve problems across its portfolio. She quickly learned that…
Indian AI firm seeks to raise $3 billion to buy Nvidia chips: report
An artificial intelligence infrastructure firm in India is reportedly seeking to raise debt to fund the purchase of Nvidia's Rubin graphics processing units.AM Intelligence, a Hyderabad-based company, is planning to raise up to $3…
Tech scare trade hits Nasdaq futures while crypto reels from its
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Hello, this is Leonie Kidd with today's edition of Morning Squawk. It's a Friday fright for markets before Halloween has even gotten…
The big questions its S-1 leaves unanswered
This report is from this week's The Tech Download newsletter. Like what you see? You can subscribe here.Anthropic's over 300 page S-1 filing earlier this week contained a lot of information. It was the most comprehensive public statement…
Google lost about half a trillion this week. How Mike Khouw trades it
"Be fearful when others are greedy, and greedy when others are fearful," said the great Warren Buffett is his classic Berkshire Hathaway shareholder letter in 1986. This week's tech sell-off might provide an opportunity to put that adage…
AI stocks sell off as investors question AI spending returns
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Oct. 30, 2026. Brendan McDermid | ReutersMarket professionals are sounding worried about the artificial intelligence trade after a big week of data…
Recovering $6.3 billion in stolen crypto
Jakub Porzycki | Nurphoto | Getty ImagesCrypto firms and law enforcement are racing to recover more than $6 billion worth of cryptocurrency stolen from Binance before hackers manage to hide the funds.The firms say they're in a "cat and…
Amazon, Intel shares fall after earnings amid AI spending concerns
Intel CEO Lip-Bu Tan speaks during a keynote presentation at Computex in Taipei on June 2, 2026.Cheng Yu-chen | Afp | Getty ImagesIntel shares plummeted 29% on Friday, their worst day since the 1970s, after the chipmaker issued…
What happens to customer funds on exchanges
A record-breaking hack at Binance, the world's largest cryptocurrency exchange, is a reminder of the risks investors take when trusting a company to hold their digital tokens. Binance said Friday that the security breach affected about…