CNBC’s Robert Frank reports on the highly anticipated classic car auction in Monterey, California with a potential total value of over half a billion dollars.
Young buyers fuel supercar demand: Here’s what to know
A big weekend in Monterey, California where the annual Pebble Beach car auction is taking place. CNBC’s Robert Frank joins ‘Squawk Box’ with a look at what’s on the auction block.
Stocks making the biggest moves premarket: Reddit, Applied Materials, Sandisk, Wayfair & more
These are the stocks posting the largest moves premarket.
Uber partners with China’s Pony.ai for 2,000 robotaxis in Europe
The rollout comes as robotaxi fleet sizes become increasingly critical for commercialization.
These charts show why stocks keep rallying. Profit margins are the highest on record
Recent FactSet data show that the rise in earnings is not coming from sales growth alone.
Bill Ackman buys Netflix again four years after exit, says it has won the streaming wars
Ackman’s Pershing Square Capital Management disclosed a new position in Netflix in its semiannual report.
‘Big Short’ investor Steve Eisman sees an Achilles heel in the AI boom
Steve Eisman is warning that the artificial intelligence boom has become increasingly dependent on the fortunes of just two companies: OpenAI and Anthropic.
Monterey Car Week auctions could hit a record $500 million, with help from younger buyers
A new generation of millennials and Gen Zers is taking over the collecting market from baby boomers and bidding up modern supercars at Monterey Car Week.
Iran looks to ramp up economic alliance with BRICS nations as war with U.S. drags on
Iran’s central bank chief said Thursday that the country is set to join the BRICS New Development Bank.
Wholesale prices were flat in July, below expectations for 0.2% increase
The producer price index was expected to increase by 0.2% in July, according to the Dow Jones consensus.