economy

Bank of England Maintains Interest Rates at 3.75% Amid Inflation Concerns Linked to Iran War

06/18/2026, 04:36 AM economy announcement finance

The Bank of England's decision to maintain interest rates at 3.75% reflects ongoing concerns about inflation driven by global energy prices, particularly amid the Iran conflict. This decision aligns with market expectations but highlights the delicate balance policymakers face between inflation control and economic growth.

Yann LeCun Critiques Elon Musk’s xAI as a 'Failure' and Warns of Potential AI Industry Bubble

06/18/2026, 04:36 AM economy research ai SpaceX

Yann LeCun, founder of AMI Labs, has criticized Elon Musk's xAI as a failure, raising concerns about its ability to compete in the AI sector and the potential for a bubble in AI valuations. His comments highlight the challenges faced by AI companies amid rising operational costs and scrutiny over spending.

Study Reveals Nearly 80% of Global Data Center Capacity Faces Elevated Climate Risk

06/18/2026, 03:36 AM economy research Digital Realty

A recent study reveals that 79% of global data center capacity is at heightened risk from severe climate hazards, which could significantly impact operational costs and insurance for investors in the sector.

Intel (INTC) Stock Rises 9% Following Trump’s Announcement of Partnership with Apple for U.S. Chip Design

06/18/2026, 02:36 AM economy stock_growth semiconductors Intel Apple

Intel's stock surged 9% following President Trump's announcement of a partnership with Apple to design and manufacture chips in the U.S., marking a significant turnaround for the company after years of struggles.

SpaceX Shares Stabilize After Recent Rally Following Record-Breaking IPO

06/18/2026, 02:36 AM economy review ai SpaceX

SpaceX shares stabilized in premarket trading after a significant surge following its IPO, indicating a potential cooling of investor enthusiasm. The company's market valuation remains exceptionally high, surpassing major competitors like Amazon.

Google’s Noam Shazeer, Co-Lead of Gemini AI Models, Joins OpenAI

06/17/2026, 08:35 PM economy appointment

Noam Shazeer, a key figure in Google's AI development, has left the company to join OpenAI, highlighting the fierce competition for AI talent in the tech industry. His departure follows Google's recent AI product launches and comes as OpenAI prepares for a potential IPO.

Analysts Jim Cramer recommends buying Intel (INTC) shares, citing strong AI demand

06/17/2026, 03:35 PM economy recommendation Analysts: analysts ai semiconductors Intel

Jim Cramer believes Intel's stock still has significant upside potential despite its impressive 228% increase this year, driven by the growing demand for artificial intelligence infrastructure and the company's strategic positioning in the semiconductor market.

SpaceX Appoints Roelof Botha, Former Sequoia Managing Director, to Board of Directors

06/17/2026, 03:35 PM economy announcement SpaceX

Elon Musk has appointed Roelof Botha, a longtime associate and former managing director at Sequoia Capital, to SpaceX's board, enhancing the company's governance with a trusted ally. This move is significant as it reflects Musk's strategy to strengthen his leadership team following SpaceX's recent IPO.

Federal Reserve Chairman Kevin Warsh Maintains Interest Rates While Signaling Potential Future Hikes

06/17/2026, 02:35 PM economy review finance

The Federal Reserve, under Chairman Kevin Warsh, maintained interest rates but signaled potential future hikes, causing market volatility. Warsh's hawkish stance on inflation and plans for reform indicate a shift in monetary policy direction that investors should closely monitor.

Jim Cramer Highlights Intel as Top Investment Choice in Monthly Portfolio Review

06/17/2026, 12:35 PM economy review tech software SpaceX Intel

The CNBC Investing Club's June Monthly Meeting highlighted Jim Cramer's top stock pick, Intel, and provided insights into the performance and outlook of 35 portfolio stocks, emphasizing the evolving landscape of major tech companies in the AI era.