Month: August 2025
Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S.
Stablecoin Tether and Circle’s USDC dominate the market. Justin Tallis | Afp | Getty Images The U.K. should establish a national stablecoin strategy to enable adoption of the tokens and avoid falling behind the U.S. on the disruptive new technology, several major crypto firms said Wednesday. In an open letter addressed to Finance Minister Rachel […]
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Google announces its AI-powered Pixel 10 smartphone series
Google announced its new series of Pixel smartphones, including the Google Pixel 10 Pro, which has new AI and durability features. Google on Wednesday debuted its latest line of Pixel smartphones that prominently feature the Gemini assistant as artificial intelligence increasingly becomes the battleground where device companies compete. The Alphabet company announced the Pixel 10 […]
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Intel in talks with other large investors for equity boost at discount, sources say
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel is in talks with other large investors to receive an equity infusion at a discounted price, people familiar with the matter told CNBC’s David Faber. Intel stock slid more than […]
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Trump demands Fed’s Cook resign after housing official calls for ‘mortgage fraud’ probe
Lisa Cook, member of the Board of Governors of the US Federal Reserve, attends a Federal Reserve Board open meeting discussing proposed revisions to the board’s supplementary leverage ratio standards at the Federal Reserve Board building in Washington, DC, on June 25, 2025. Saul Loeb | AFP | Getty Images President Donald Trump on Wednesday […]
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Hassett likely to be Trump’s pick for Fed chief, though Warsh is more qualified, CNBC survey finds
White House economic adviser Kevin Hassett speaks next to U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | Reuters President Donald Trump will tap his top economic advisor Kevin Hassett to be the next Federal Reserve chair, according to respondents to a […]
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Nvidia, Bill Gates-backed robotics startup FieldAI hits $2 billion valuation after recent raise
A FieldAI robot. Courtesy: FieldAI Bill Gates-backed Robotics startup FieldAI has raised $405 million in two funding rounds, with investments from Nvidia‘s venture capital arm and Amazon founder Jeff Bezos’ family office. The funding comes during an “aha moment,” founder and CEO Ali Agha told CNBC, as software and hardware reach an inflection point. “We […]
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How hurricane resilience for commercial real estate is leveraging drones and AI
A screenshot of Site Technologies’ commercial real estate risk assessment tools. Courtesy of Site Technologies A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors […]
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Claire’s sells most of its North American business after filing for bankruptcy
Jewelry is displayed at a Claire’s store on June 23, 2025 in Novato, California. Justin Sullivan | Getty Images Claire’s announced Wednesday that it is selling most of its North American business to private equity firm Ames Watson, just weeks after the jewelry retailer declared bankruptcy. The companies did not disclose any financial details of […]
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Microsoft and NFL announce multiyear partnership to use AI to enhance game day analysis
A referee reviews a play on a Microsoft Surface during the second half of the game between the Baltimore Ravens and the Cleveland Browns at M&T Bank Stadium on January 4, 2025 in Baltimore, Maryland. Scott Taetsch | Getty Images Microsoft and the NFL announced on Wednesday that they’re extending their partnership to bring real-time […]
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Trump snapped up more than $100 million in bonds while in office
United States President Donald Trump participates in a Multilateral Meeting with European Leaders in the East Room of the White House in Washington, DC, US. Picture date: Monday August 18, 2025. Aaron Schwartz – Pa Images | Pa Images | Getty Images U.S. President Donald Trump has been on a multimillion-dollar bond-buying spree since taking […]
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