FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud

cnbc قبل 3 ساعة و 17 دقيقة

ftx founder sam bankman fried was convicted of fraud involving his cryptocurrency exchange and a related hedge fund prosecutors want him locked up for decades

Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales

cnbc قبل 8 ساعة و 54 دقيقة

home depot is making the largest acquisition in its history as its sales growth stagnates

Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

cnbc 2024-3-27

amazon is spending billions more to back an artificial intelligence startup as it looks for an edge in this new technology arms race

Major bridge in Baltimore collapses after being struck by ship

cnbc 2024-3-26

the francis scott key bridge partially collapsed at 1 35 a m local time on tuesday a baltimore city police spokesperson said

Truth Social owner Trump Media will begin trading under DJT ticker Tuesday

cnbc 2024-3-25

donald trump the presumptive republican presidential nominee owns stock shares valued at 3 billion or more in the newly merged social media firm

Boeing CEO Dave Calhoun to step down; board chair and commercial airplane head replaced in wake of 737 Max crisis

cnbc 2024-3-25

boeing ceo dave calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant

Biden signs $1.2 trillion spending package for government funding until October

cnbc 2024-3-25

the senate passed the budget in a 74 24 vote at roughly 2 a m saturday morning

China faces ‘fork in the road,’ IMF chief says, urging Beijing to embark on pro-market reforms

cnbc 2024-3-25

china s economy can grow far faster if it adopts a comprehensive package of pro market reforms according to imf managing director kristalina georgieva

Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia

cnbc 2024-3-23

sovereign wealth funds and other investors are jostling to buy into an anthropic stake but the company has ruled out taking any saudi money

DWAC stock tumbles more than 12% after Trump social media merger approved by shareholders

cnbc 2024-3-22

donald trump stands to reap a windfall of 3 billion or more after digital world acquisition corp shareholders voted to merger with his social media company

Why a small China-made EV has global auto execs and politicians on edge

cnbc 2024-3-22

the china built byd seagull a compact all electric hatchback starts at just 69 800 yuan or less than 10 000

Reddit pops 48% in NYSE debut after selling shares at top of range

cnbc 2024-3-21

reddit entered the public market on thursday betting that a wider swath of investors will buy into the 19 year old social media company

DOJ sues Apple over iPhone monopoly in landmark antitrust case

cnbc 2024-3-21

apple and its iphone and app store business have been eyed by the department of justice which previously filed antitrust suits against google

Reddit prices IPO at $34 per share in first major social media offering since 2019

cnbc 2024-3-21

reddit priced its ipo on wednesday at 34 a share valuing the social media company at about 6 5 billion

Samsung soars more than 5% after report of Nvidia considering its next-gen chips

cnbc 2024-3-20

shares of south korean heavyweight samsung electronics soared more than 5

Nvidia stock up after company unveils latest AI chips

cnbc 2024-3-19

nvidia shares rose about 1 tuesday afternoon after the company unveiled its new generation of artificial intelligence chips called blackwell

Homebuilder sentiment turns positive for the first time since July

cnbc 2024-3-18

homebuilders are seeing better demand despite stubbornly high interest rates

Alphabet up 2.7% in premarket trade after report Apple is in talks to license Gemini for iPhones

cnbc 2024-3-18

alphabet shares were trading 2 71 higher in early premarket trade

Adobe shares drop 12% on weak quarterly revenue guidance

cnbc 2024-3-15

adobe shares fell 12 during premarket trading on friday morning after the company reported weak revenue forecast for the current quarter

Qatar Airways to launch First Class, as airline courts Airbus and Boeing for new planes

cnbc 2024-3-15

qatar airways is developing a first class concept and pursuing aircraft orders from aviation giants boeing and airbus as part of a broader strategic overhaul

Adobe shares slip 10% on soft sales forecast

cnbc 2024-3-15

adobe paid a 1 billion termination fee to fast growing startup figma after regulators pushed back on the two companies combining

Refund fraud schemes promoted on TikTok, Telegram are costing Amazon and other retailers billions of dollars

cnbc 2024-3-14

amazon suffered more than 700 000 in losses at the hands of one refund fraud ring indicted last year according to court documents

Wholesale inflation rose 0.6% in February, much more than expected

cnbc 2024-3-14

the producer price index for february was expected to increase 0 3 according to the dow jones consensus estimate

Former Treasury Secretary Mnuchin is putting together an investor group to buy TikTok

cnbc 2024-3-14

mnuchin did not specify who the other investors would be in such a deal or the potential valuation for the social media site

Elon Musk cancels X partnership with former CNN anchor Don Lemon after interview

cnbc 2024-3-14

don lemon said he was informed of the decision to cancel the partnership hours after he taped an interview with elon musk for the don lemon show

Palantir CEO says his outspoken pro-Israel views have caused employees to leave company

cnbc 2024-3-13

palantir ceo alex karp said on wednesday that the company has lost employees and expects to lose more over his public support for israel

EV euphoria is dead. Automakers trumpet consumer choice for U.S. car shoppers

cnbc 2024-3-13

automakers from ford and gm to mercedes benz volkswagen and aston martin are scaling back or delaying their electric vehicle plans

Inside the organized crime rings plaguing retailers including Ulta, T.J. Maxx and Walgreens

cnbc 2024-3-12

organized retail crime rings can involve groups that sell stolen goods at flea markets and more sophisticated networks that resell stolen goods on amazon

Consumer prices rose 0.4% in February and 3.2% from a year ago

cnbc 2024-3-12

inflation rose again in february keeping the fed on course to wait at least until the summer before starting to lower interest rates

Southwest Airlines cuts capacity, and rethinks 2024 financial forecast, citing Boeing problems

cnbc 2024-3-12

southwest joined other airlines in forecasting fewer max deliveries from boeing as the manufacturer struggles with a quality control crisis

Consumer spending rebounded in February, according to the CNBC/NRF Retail Monitor

cnbc 2024-3-12

the cnbc nrf retail monitor derived from actual credit card spending data from affinity solutions rose 1 06 in february when excluding autos and gas

Oracle shares soar 13% on better-than-expected quarterly earnings

cnbc 2024-3-12

oracle beat on the bottom line in its latest earnings report though revenue came in a bit light of expectations

Long-term inflation expectations rise, spelling possible trouble for the Fed, survey shows

cnbc 2024-3-11

at the three year range expectations rose 0 3 percentage point to 2 7 while the five year outlook jumped even more up 0 4 percentage point to 2 9

Bitcoin hits fresh record high above $71,000 as UK opens the door to crypto exchange-traded products

cnbc 2024-3-11

the move from u k regulators comes after the u s securities and exchange commission approved the first ever spot bitcoin exchange traded funds

Here’s where the jobs are for February 2024 — in one chart

cnbc 2024-3-8

job growth rose by 275 000 in february a concurrent uptick in the unemployment rate indicated potential signs of cooling

U.S. job growth totaled 275,000 in February but unemployment rate rises to 3.9%

cnbc 2024-3-8

nonfarm payrolls were expected to increase by 198 000 in february according to the dow jones consensus estimate

Corporate taxes, consumer costs top economic agenda for Biden State of the Union

cnbc 2024-3-8

i inherited an economy that was on the brink now our economy is literally the envy of the world biden said

Watch Live: Biden State of the Union address to lay out economic vision, call for corporate tax hikes

cnbc 2024-3-8

president joe biden will highlight his economic record and lay out plans to reshape the tax system and reduce the deficit in his state of the union address

Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings

cnbc 2024-3-8

the announcements come at a crucial time for rivian as it attempts to expand its customer base amid slower than expected ev sales in the u s

Layoffs rise to the highest for any February since 2009, Challenger says

cnbc 2024-3-7

the total of 84 638 planned cuts showed an increase of 3 from january and 9 from a year ago

NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent

cnbc 2024-3-7

nycb had 77 2 billion in deposits as of march 5 nycb said in an investor presentation tied to the capital raise down from 83 billion it had as of feb 5

Novo Nordisk shares jump 5% on promising weight loss trial results; Eli Lilly dips

cnbc 2024-3-7

novo nordisk shares climbed 5 on thursday morning after the danish pharmaceutical giant reported positive early trial data for a new weight loss drug

New York Community Bancorp tumbles 40% and is halted as troubled bank reportedly seeking cash infusion

cnbc 2024-3-6

the regional bank stock has been under pressure this year after disclosing potential losses in its loan book

Private payrolls rose by 140,000 in February, less than expected, ADP reports

cnbc 2024-3-6

private sector job growth improved during february as the u s labor market showed strength across a variety of sectors

OpenAI shares Elon Musk emails urging startup to raise $1 billion, see Tesla as a cash cow in its early years

cnbc 2024-3-6

last week elon musk sued openai ceo sam altman and president greg brockman alleging breach of contract and unfair competition

Markets could be about to get a big clue on when the European Central Bank will cut rates

cnbc 2024-3-6

the european central bank will meet again this week amid falling inflation and a slight recovery in economic activity

Fed Chair Powell testifying to House on Wednesday. What investors are expecting

cnbc 2024-3-6

markets are intent on getting more clarity about how the central bank plans on proceeding with monetary policy this year

CrowdStrike shares surge on earnings beat, strong full-year guidance

cnbc 2024-3-6

crowdstrike shares surged after the company reported a strong beat and issued better than expected guidance for the upcoming quarter and full year