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Upload Media Gallery SK Hynix South Korean shares jump 11% as Asia tech stocks rally CNBC Burnout, frustration and heartbreak: Amazon layoffs take their toll in saturated job market CNBC Meta is building its first big Canadian data center as AI expansion crosses the border CNBC Apple plans five new iPhones through 2027, eyes Chinese-made chips amid foldable push, reports say CNBC SoftBank plunges 13%, SK Hynix slides 10% as Asia tech rout tracks declines in the U.S CNBC Alphabet added to Dow Jones Industrial Average, replacing Verizon CNBC Tencent tests AI assistant in China's most popular app as it looks to catch up with rivals CNBC Qualcomm CEO Cristiano Amon on the new world of AI agents CNBC SpaceX rally continues, Dow's new record, Fox buys Roku and more in Morning Squawk CNBC Anthropic disables access to Fable 5 and Mythos 5 to comply with government directive CNBC SpaceX raising $75 billion in record-setting IPO as Nasdaq debut awaits CNBC Why AI hyperscalers are now the epicenter of a bear case for stocks The Google logo is displayed on a building at Google headquarters on Feb. 4, 2026 in Mountain View, California. If the facts change, then I have to change. I learned that from reading the legendary British economist John Maynard Keynes, and it has never steered me wrong. CNBC Bitcoin is weathering its ugliest week in months as narrative fades and liquidity rotates CNBC Bitcoin drops back under $70,000, Strategy extends its slide CNBC This is the greatest time ever for semiconductors, says CEO of key equipment supplier CNBC Dell wins a $9.7 billion Pentagon software deal after cozying up to Trump CNBC Microsoft’s new responsible tech lead on how to humanize high-speed AI development CNBC AMD to invest $10 billion in Taiwan's AI industry to advance top-end chips CNBC Anthropic and U.S. government to face off in DC court over blacklisting of AI company CNBC EU to crack down on TikTok, Instagram's ‘addictive design’ targeting kids on social media CNBC Bitcoin treasury firm Strategy breaks from 'never sell' approach to the flagship crypto CNBC Roblox shares plummet 18% as child safety measures weigh on bookings CNBC Apple CEO Tim Cook warns of extended memory crunch. 'We'll look at a range of options CNBC Meta told it's violating EU law by not doing enough to keep children off Facebook and Instagram CNBC Meta, Google, OpenAI among Big Tech firms seeing top staff leaving to launch AI startups CNBC Anthropic looks to hire six-figure role for negotiating data center deals to fuel Europe AI expansion CNBC Anthropic products are operational after brief outage, status page says CNBC OpenAI touts Amazon alliance in memo, says Microsoft has 'limited our ability' to reach clients CNBC Debris from aerial interception strikes Oracle building in Dubai, UAE says CNBC Huawei's cloud computing revenue dropped in 2025 as Chinese AI lagged U.S. rivals CNBC Amazon acquires 'approachable' humanoid maker Fauna Robotics CNBC Who's most optimistic about AI — and who isn't, according to Anthropic CNBC Who's most optimistic about AI — and who isn't, according to Anthropic CNBC Nvidia plans open-source AI agent platform ‘NemoClaw’ for enterprises: Wired CNBC Amazon's Bahrain data center targeted by Iran for support of U.S. military, state media says CNBC Quantum's big leap puts data centers in the spotlight CNBC Chinese chip designer Montage Technology soars over 50% in Hong Kong debut CNBC Amazon asks FCC for extension for Leo satellite internet service CNBC Meta's Reality Labs cuts sparked fears of a 'VR winter CNBC Meta's Reality Labs cuts sparked fears of a 'VR winter CNBC Led by Texas, New Hampshire, U.S. states race to prove they can put bitcoin on public balance sheet CNBC Meta's VR layoffs, studio closures underscore Zuckerberg's massive pivot to AI CNBC Google bolsters bet on AI-powered commerce with new platform for shopping agents CNBC Shares of Alphabet, the parent of Google, rose 2.4% on Wednesday, to give the firm a market capitalization of $3.89 trillion. Meanwhile, Apple, the parent of the iPhone (so to speak), retreated 0.8%, and ended the day with a capitalization of $3.85 trillion. CNBC Humanoid robots take over CES in Las Vegas as tech industry touts future of AI CNBC Google adds Gemini features like message thread summaries to Gmail CNBC Democratic mayor of Silicon Valley's largest city opposes billionaire tax CNBC Baidu’s semiconductor unit Kunlunxin files for Hong Kong listing amid AI chip boom in China CNBC Fed minutes show officials were in tight split over December rate cut S. Federal Reserve Chair Jerome Powell speaks as he holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S., Dec. 10, 2025. WASHINGTON – The Federal Reserve on Tuesday released minutes from its highly divisive meeting earlier this month, which concluded with a vote to lower interest rates again that appeared to be an even closer call than the final vote indicated. Officials expressed a variety of opinions during the Dec. 9-10 meeting, according to the summary provided a day ahead of its customary release due to the New Year’s holiday. Ultimately, the Federal Open Market Committee approved a quarter percentage point cut by a 9-3 vote, the most dissents since 2019 as officials debated over the need to support the labor market against concerns about inflation. The move lowered the key funds rate to a range of 3.5%-3.75%. “Most participants judged that further downward adjustments to the target range for the federal funds rate would likely be appropriate if inflation declined over time as expected,” the document said. With that, though, came misgivings over how aggressive the FOMC should be in the future. “With respect to the extent and timing of additional adjustments to the target range for the federal funds rate, some participants suggested that, under their economic outlooks, it would likely be appropriate to keep the target range unchanged for some time after a lowering of the range at this meeting,” the minutes said. Officials expressed confidence that the economy would continue to expand around a “moderate” pace, while they saw downside risks to employment and upside risks to inflation. The extent of the two dynamics divided FOMC policymakers, with indications that the vote could have gone either way despite the six-vote victory for the cut. “A few of those who supported lowering the policy rate at this meeting indicated that the decision was finely balanced or that they could have supported keeping the target range unchanged,” the minutes said. The vote also came with a quarterly update of the committee’s Summary of Economic Projections, including the closely watched “dot plot” grid of individual officials’ rate expectations. The 19 officials at the December meeting – 12 vote on rates – indicated the likelihood of another cut in 2026 then one more in 2027. That would take the funds rate down to near 3%, a level officials consider as neutral in that it neither restricts nor pushes economic growth. The faction favoring keeping the rate steady “expressed concern that progress toward the Committee’s 2 percent inflation objective had stalled in 2025 or indicated that they needed to have more confidence that inflation was being brought down sustainably to the Committee’s objective.” Officials said President Donald Trump’s tariffs were boosting inflation, but they also largely agreed that the impact would be temporary and likely abate into 2026. Since the vote, economic reports have pointed to a labor market where hiring is still slow but layoffs have not accelerated. On the prices side, inflation has been slowly easing but remains a distance away from the Fed’s 2% target. At the same time, the broader economy continues to perform well. Gross domestic product soared in the third quarter, rising at a 4.3% annualized pace that was well ahead of estimates and a half percentage point better than the strong second quarter. However, most of the data carries a significant caveat: Reports are still trailing as government agencies round up data from the dark period during the government shutdown. Even the reports coming in that are more current, at least from official sources, are being weighed with caution due the data gaps. Consequently, markets largely expect the FOMC to stay put over the next few meetings as policymakers weigh incoming data. The holiday season was a quiet one for Fed official commentary and the few comments out there show mostly caution heading into the new year. The committee’s complexion also is about to change, with four new regional presidents rotating into voting roles. They will be Cleveland President Beth Hammack, who has expressed opposition not only to additional cuts but also previous ones; Philadelphia President Anna Paulson, who has joined FOMC doves in expressing concern about inflation; Dallas President Lorie Logan, who has voiced concerns about cutting; and Minneapolis President Neel Kashkari, who said he wouldn’t have voted for the October cut. Also at the meeting, the committee voted to resume its bond-buying program. Under the new setup, the Fed will be acquiring short-term Treasury bills in an effort to calm pressures in short-term funding markets. The central bank initiated the program by buying $40 billion a month in bills, staying around that level for several months before downshifting. A prior effort to reduce the balance sheet saw the Fed cut its holdings by about $2.3 trillion to its current $6.6 trillion. The minutes noted that unless the buying program, known in markets as quantitative easing, was restarted, it could result in a “significant declines in reserves” that would fall below the Fed’s “ample” regime for the banking system. CNBC We’re putting an AI giant in the Bullpen — not letting a mistake cloud our judgment CNBC Load More
