Day: June 12, 2024
Robotics startup cofounded by Synapse CEO is raising funds with exaggerated promises about GM ties
Essential Points A humanoid robotics startup cofounded by the CEO of bankrupt fintech organization Synapse has canvassed Silicon Valley investors for cash by boasting shut ties and an imminent expenditure from Typical Motors — statements turned down by the automaker. The company, termed Foundation Robotics Labs, is seeking the final $1 million in money for […]
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Top Southwest shareholder signals support for Elliott Management’s activist campaign
Southwest Airlines CEO Bob Jordan speaks as he is interviewed by CNBC outside the New York Stock Exchange on Dec. 9, 2021. Brendan McDermid | Reuters A top Southwest Airlines shareholder on Wednesday signaled its support for Elliott Management’s activist campaign to oust CEO Bob Jordan and Executive Chairman Gary Kelly, as the carrier struggles […]
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Broadcom beats earnings estimates, announces 10-for-1 stock split
Igor Golovniov | Lightrocket | Getty Images Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analyst estimates. It also announced a 10-1 stock split, set to begin trading on a split-adjusted basis on July 15. The stock rose about 10% in extended trading. Here’s how the company did versus LSEG consensus […]
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GameStop tanks with huge volume in the call options owned by ‘Roaring Kitty’
A holding page for Keith Gill, a Reddit user credited with inspiring GameStop’s rally, before a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024. Michael Nagle | Bloomberg | Getty Images A sell-off in GameStop shares intensified in afternoon trading Wednesday, and that coincided with a spike […]
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Dimon, Fraser and Moynihan will attend private Trump CEO meeting — some others will skip
US President Donald Trump gestures as CEO of Bank of America Brian Moynihan (L) speaks during a meeting with banking leaders to discuss how the financial services industry can meet the needs of customers affected by COVID-19 at the White House in Washington, DC on March 11, 2020. Brendan Smialowski | AFP | Getty Images […]
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10 U.S. metro areas where rent increased the most over the last 5 years—and one that actually got cheaper
To afford living in a big city like San Francisco, California, you’d have to make double what most Americans earn, according to a May Moody’s Analytics analysis. Despite that, the San Francisco area is the only major metro where rent for one-bedroom apartments has actually decreased since 2019, according to data from Apartment List. Rent […]
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Here’s what’s next for Paramount after Skydance deal is stopped in its tracks
A view of Paramount Studios’s water tank as SAG-AFTRA members walk the picket line outside during their ongoing strike, in Los Angeles, California, U.S., September 26, 2023. Mario Anzuoni | Reuters National Amusements stopped merger discussions between Paramount Global and Skydance this week — throwing into question what’s next for the legacy media giant during […]
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Bitcoin prices move higher after new data shows inflation slowed in May: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Johann Kerbrat, […]
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Oil prices rise as supply-demand balance expected to tighten in third quarter
Crude oil futures rose Wednesday as traders bet on tightening supplies later in the year. The Federal Reserve’s indication of just one interest rate cut this year and bearish U.S. stockpile data limited the gains. The Department of Energy sees global demand rising this year by 1.1 million barrels per day, or bpd, up from […]
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Judge bars ‘pharma bro’ Martin Shkreli from streaming Wu-Tang Clan album after suit says he copied it
Former drug company executive Martin Shkreli and his lead attorney Benjamin Brafman arrive at U.S. District Court for the fourth day of jury deliberations in his securities fraud trial in the Brooklyn borough of New York City, U.S., August 3, 2017. Amr Alfiky | Reuters A federal judge temporarily barred notorious “pharma bro” Martin Shkreli […]
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