Month: February 2025
Bill Ackman reveals he’s been building a more than $2 billion stake in Uber
Bill Ackman, CEO of Pershing Square Capital Management, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Pershing Square’s Bill Ackman revealed Friday that he has built a significant stake in Uber. In a post on X, the hedge fund manager said he began buying Uber […]
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Even at $8 million per Super Bowl commercial, ad executives say it’s still bang for your buck
NEW ORLEANS, LOUISIANA – FEBRUARY 03: A detailed view of drink koozies seen during an event ahead of Super Bowl LIX at Caesars Superdome on February 03, 2025 in New Orleans, Louisiana. (Photo by Jonathan Bachman/Getty Images) Jonathan Bachman | Getty Images Sport | Getty Images Advertisers shelled out up to $8 million for a […]
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L’Oreal looks to U.S. ‘land of opportunity’ as China disappoints
L’Oreal global flagship store is seen on Nanjing Road on May 8, 2021 in Shanghai, China. Vcg | Visual China Group | Getty Images The world’s largest beauty group L’Oreal said Friday that it plans to become less dependent on the Chinese consumer for growth, instead targeting burgeoning opportunities in the U.S. market. “We see […]
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White House pins ‘weak’ jobs numbers on Biden, touts Trump plan
President Donald Trump’s new Press Secretary Karoline Leavitt is interviewed by FOX News on her first full day of work at the White House on January 21, 2025 in Washington, DC. Tuesday marks the first full day of Trump’s second term in the White House. Chip Somodevilla | Getty Images The White House on Friday […]
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Affirm shares soar 20% on revenue beat, surprise profit during holiday period
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares jumped 20% on Friday after the buy now, pay later company topped Wall Street’s fiscal […]
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Doximity shares pop 30% on revenue beat, rosy guidance
Piotr Swat | Lightrocket | Getty Images Doximity shares ripped more than 30% higher on Friday, a day after the company reported fiscal third-quarter results that beat Wall Street’s expectations for revenue and guidance. Doximity is a digital platform for medical professionals that can help them carry out telehealth appointments with patients, find referrals, stay […]
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Consumer inflation fears spike in February as tariff worries hit sentiment
People shop at a Whole Foods store on Feb. 3, 2025 in New York City. Michael M. Santiago | Getty Images Consumers grew dramatically more worried about near-term inflation as President Donald Trump pushed aggressive tariffs against major U.S. trading partners, a closely watched survey showed Friday. The University of Michigan consumer survey for February […]
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Fast-food fortunes: How the families behind Chick-fil-A, Panda Express manage their wealth
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Andrew and Peggy Cherng made their billions from food court stalwart Panda Express, which they founded in 1983. The Cherngs have […]
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DOGE chief Musk asks X users if staffer who quit over racist tweets should be rehired
Tesla and SpaceX CEO Elon Musk takes his seat at the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. President in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Saul Loeb | AFP | Getty Images Billionaire tech mogul Elon Musk on Friday launched a poll on his […]
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Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say
SoftBank is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion pre-money valuation, sources told CNBC’s David Faber. SoftBank would pay out the funding, which would mean a $300 billion post-money valuation for OpenAI, over the next 12 to 24 months, with the first payment coming as soon as spring, […]
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