Month: May 2025
YouTube launches weekly top podcast list to rival Spotify and Apple
A Youtube podcast microphone is seen at the Variety Podcasting Brunch Presented By YouTube at Austin Proper Hotel on March 8, 2025 in Austin, Texas. Mat Hayward | Variety | Getty Images YouTube is solidifying its place in podcasts. The company on Thursday announced the launch of a weekly top podcast shows chart, rivaling those […]
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CoreWeave CEO defends capex plans, says company is meeting ‘demand signals’ from major hyperscalers
Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company’s IPO at the Nasdaq Market in New York City on March 28, 2025. Brendan McDermid | Reuters CoreWeave shares jumped more than 5% Thursday as the renter of artificial intelligence servers posted strong revenues and CEO Michael Intrator reinforced the […]
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Musk’s Grok AI chatbot says it ‘appears that I was instructed’ to talk about ‘white genocide’
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters The Grok chatbot from Elon Musk’s xAI startup said Wednesday that it “appears I was instructed to address the topic of ‘white genocide’ in South Africa,” according to responses viewed by CNBC. CNBC was […]
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Stocks making the biggest moves midday: Coinbase, UnitedHealth, Dick’s Sporting Goods, Boot Barn and more
Check out the companies making headlines in midday trading. Walmart — Shares of the big-box retailer dropped 1% after Walmart fell slightly short of first-quarter sales expectations and management warned that consumers could see higher prices caused by tariffs. Walmart reported revenue of $165.61 billion, while the consensus forecast was $165.84 billion, per LSEG. The retailer earned 61 […]
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CNBC’s Inside India newsletter: Could border flare-ups threaten India investments?
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story Indian Border Security Force (BSF) soldiers stand guard at the entrance of the India-Pakistan […]
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Jim Cramer: ‘Sometimes you just get had’ — what Apple can to do to appease Trump
Apple may have only one way out of the rock and a hard place it finds itself in during President Donald Trump’s second administration, CNBC’s Jim Cramer said Thursday. “Unless [Apple CEO Tim Cook] builds some plant here to make phones, I don’t think it is going to end,” Cramer said on “Squawk on the […]
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Dick’s Sporting Goods to acquire Foot Locker for $2.4 billion in effort to corner Nike market
Dick’s Sporting Goods said Thursday it plans to acquire rival Foot Locker as it looks to expand its international presence, win over a new set of consumers and corner the Nike sneaker market. Under the terms of the agreement, Dick’s will use a combination of cash-on-hand and new debt to acquire Foot Locker for $2.4 […]
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UnitedHealth Group shares plunge 18% on reported DOJ probe into possible Medicare fraud
Bloomberg | Bloomberg | Getty Images Shares of UnitedHealth Group plunged more than 18% on Thursday following a report that the Justice Department is conducting a criminal investigation into the health-care giant over possible Medicare fraud. The DOJ is focusing on the company’s Medicare Advantage business practices, but the exact nature of the potential criminal […]
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Trump presses Supreme Court on birthright citizenship ahead of oral arguments
FILE PHOTO: A view of the U.S. Supreme Court in Washington, U.S., July 19, 2024. Kevin Mohatt | Reuters President Donald Trump on Thursday again argued for an end to birthright citizenship in the United States, hours before the Supreme Court is set to hear arguments on whether lower-court judges can impose national injunctions blocking […]
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‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots
Bombas Socks in store. Courtesy: Bombas Bombas founder David Heath is stepping down from his role as CEO as the socks and apparel company looks to expand beyond its direct-to-consumer roots. Bombas President Jason LaRose, a former Under Armour and Equinox executive, will take over as the company’s next CEO effective Thursday. Heath said he […]
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