Month: May 2025
Hinge Health aims to raise up to $437 million in IPO, pricing at $28 to $32 per share
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right). Courtesy of Hinge Health Hinge Health said in a filing on Tuesday that it plans to raise up to $437 million in its upcoming initial public offering. The digital physical therapy startup filed its initial prospectus in March, and it updated the document with an expected […]
Read More
UnitedHealth Group CEO Andrew Witty steps down, company suspends annual forecast
Andrew Witty, CEO of UnitedHealth Group, testifies during the Senate Finance Committee hearing titled “Hacking America’s Health Care: Assessing the Change Healthcare Cyber Attack and What’s Next,” in the Dirksen Building in Washington, D.C., on May 1, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images UnitedHealth Group on Tuesday announced the surprise exit […]
Read More
Trump tariffs face major legal hurdle as federal trade court hears challenge
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement on April 2, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images A little-known federal court is set to hear arguments Tuesday in a case challenging President Donald Trump’s tariffs, putting a key […]
Read More
Watch CNBC’s full interview with Transportation Secretary Sean Duffy
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Transportation Secretary Sean Duffy joins ‘Squawk Box’ to discuss the ongoing delays and air traffic control outages at Newark airport, the launch of a Newark airport emergency task force, whether it’s safe to fly in the U.S., the race to find air […]
Read More
Transportation Secretary Duffy: Air traffic control systems should’ve been updated a long time ago
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Transportation Secretary Sean Duffy joins ‘Squawk Box’ to discuss the ongoing delays and air traffic control outages at Newark airport, the launch of a Newark airport emergency task force, whether it’s safe to fly in the U.S., the race to find air […]
Read More
Stocks making the biggest moves before the bell: UnitedHealth, Rigetti Computing, Coinbase, Hertz and more
Check out the companies making headlines in premarket trading. UnitedHealth — Shares dropped 7% in the premarket Tuesday after the company announced it was suspending its 2025 outlook due to higher-than-expected medical expenditures. UnitedHealth also announced CEO Andrew Witty was stepping down, effective immediately, for personal reasons. Stephen Hemsley will replace Witty as chief executive. […]
Read More
German reinsurers took a $1.9 billion profit hit from LA wildfires in first quarter
An aerial view of homes destroyed in the Palisades Fire on January 27, 2025 in Pacific Palisades, California. Mario Tama | Getty Images Germany’s biggest reinsurers took a $1.9 billion profit hit in the first quarter from claims related to the recent Los Angeles wildfires. Munich Re, the world’s largest reinsurance company, said Tuesday that […]
Read More
Shein and Temu find temporary reprieve as U.S. relaxes tariffs
U.S. President Donald Trump’s tariff pause gives Temu and Shein a temporary window of opportunity to restock U.S.-based warehouses and re-evaluate their supply chain management, experts and insiders say. On Monday, the U.S. and China agreed to lower tariffs on most Chinese imports to 30% for 90 days. The agreement included a so-called “de minimis” […]
Read More
EU prepares new sanctions targeting Russia’s shadow fleet despite proposed Zelenskyy-Putin talks
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, on Feb. 1, 2023 Yves Herman | Reuters LONDON — European countries are preparing new sanctions on Russia despite a potential direct meeting for peace talks between Kremlin leader Vladimir Putin and Ukrainian President Volodymyr Zelenskyy on Thursday, three sources told CNBC. Ambassadors […]
Read More
OpenAI restructure plan gets SoftBank blessing as AI startup reportedly renegotiates Microsoft terms
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt Room in the White House in Washington on Jan. 21, 2025. Carlos Barria | Reuters OpenAI said last week that it would restructure in a format that allows its non-profit entity […]
Read More