No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month
ETF Edge No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month Published Sat, May 18 202411:00 AM EDT Emily Glass WATCH LIVE Source
Stocks making the biggest moves midday: GameStop, Reddit, Advanced Micro Devices, Robinhood and more
Check out the companies making headlines in midday trading: GameStop — Shares tumbled 19.7% after the video game retailer said it plans to sell up to 45 million class A common shares in an at-the-market offering. The sale comes after GameStop shares surged earlier this week in a brief revival of the meme-stock trade. The […]
Stocks making the biggest moves premarket: GameStop, Reddit, Take-Two Interactive Software and more
Check out the companies making headlines before the bell: GameStop — Shares dropped more than 20% after the video game retailer said it plans to sell 45 million common shares of its stock. It also posted preliminary results that showed a sales decline in the first quarter. Reddit — The social media company rallied 10.5% […]
HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Key Points Citing people familiar with the matter, Bloomberg said that “one option an internal team at the Chinese insurance giant is considering is further share sales, similar to the $50 million sale it disclosed last week.” Ping An has butted heads with HSBC’s management in recent years, most notably supporting a shareholder motion in […]
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Fast Money Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon Published Thu, May 16 20247:57 PM EDT Stephanie Landsman@stephlandsman WATCH LIVE Source
OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it
OpenAI has disbanded its team focused on the long-term risks of artificial intelligence just one year after the company announced the group, a person familiar with the situation confirmed to CNBC on Friday. The person, who spoke on condition of anonymity, said some of the team members are being reassigned to multiple other teams within […]
Activist Boaz Weinstein says BlackRock funds are ‘crushing shareholder rights’
Boaz Weinstein, founder and chief investment officer of Saba Capital Management, during the Bloomberg Invest event in New York, US, on Wednesday, June 7, 2023. Jeenah Moon | Bloomberg | Getty Images Boaz Weinstein, the hedge fund investor on the winning side of JPMorgan Chase’s $6.2 billion, “London Whale” trading loss in 2011, is now […]
As Tesla layoffs continue, here are 600 jobs the company cut in California
As part of Tesla’s massive restructuring, the electric vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices between Fremont and Palo Alto. The latest layoffs eliminated roles across the board — from entry level positions to directors — and hit […]
AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone
Michael Intrator, CEO of CoreWeave, participates in a CNBC interview on May 9, 2024. CNBC Fresh off a $1.1 billion equity funding round, artificial intelligence infrastructure startup CoreWeave has raised $7.5 billion in debt so that it can more heavily invest in its cloud data centers. Blackstone’s funds led the lending round, with participation from […]
Chinese EV maker Xpeng aims to deliver its first flying car in 2026
Xpeng’s “Land Aircraft Carrier” vehicle has a flying passenger drone hidden inside the truck. The drone can detach. XPENG AEROHT Xpeng AeroHT, an affilaite of Xpeng, aims to deliver its flying car to customers in 2026, the Chinese electric vehicle maker’s co-president told CNBC on Friday, Last year, Xpeng AeroHT introduced the Land Aircraft Carrier […]
