Month: August 2025
Databricks says it’s valued at over $100 billion in latest funding round
Ali Ghodsi, CEO of Databricks speaks on CNBC. CNBC Databricks has just entered an exclusive club. The data analytics software vendor said Tuesday that it’s raising a funding round that values the company at over $100 billion. That would make Databricks just the fourth private company to eclipse the $100 billion mark, following SpaceX, ByteDance […]
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Chinese national living in U.S. gets 8 years in prison for smuggling weapons, tech to North Korea
Photos of a gun and parts of military electronics that were found on Shenghua Wen’s phone, according to the U.S. Department of Justice. Courtesy: U.S. Department of Justice A Chinese national living in the U.S. was sentenced to eight years in prison for conspiring to illegally smuggle guns, ammunition and sensitive U.S. technology to North […]
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‘Stranger Things’ creators, the Duffer Brothers, ink 4-year deal with Paramount Skydance
Matt Duffer and Ross Duffer attend “Stranger Things” and Award Presentation To The Duffer Brothers (Variety Showrunner Award) during Day 1 of the 13th SCAD TVfest on February 05, 2025 in Atlanta, Georgia. Paras Griffin | Getty Images Entertainment | Getty Images The masterminds behind the hit Netflix series “Stranger Things” have inked a new […]
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Trump expands 50% steel and aluminum tariffs to include 407 additional product types
U.S. President Donald Trump walks with North American Flat-Rolled Segment Senior Vice President and Chief Manufacturing Officer Scott Buckiso, Plant manager of Irvin and Fairless Plant Donald German and Mon Valley Works United Steel Corporation Vice President Kurt Barshick, as he visits U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. Leah […]
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Stocks making the biggest moves midday: Home Depot, Intel, Viking Therapeutics, Nvidia and more
These are some of the stocks making the biggest moves during midday trading: Viking Therapeutics — Shares tumbled 42% after phase 2 trial results showed Viking’s experimental oral obesity drug had more side effects than expected. About 20% of the patients in the trial quit using the drug due to symptoms such as nausea and […]
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The senior living market can’t keep up with demand as boomers age
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 and large public companies. Sign up to receive future editions, straight to your inbox. Senior living has […]
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Crypto stocks tumble on Tuesday as investors go into risk-off mode
The Coinbase logo is displayed on a mobile phone screen with stock market percentages in the background. Idrees Abbas | Sopa Images | Lightrocket | Getty Images Crypto stocks suffered on Tuesday as investors fled tech stocks and riskier corners of the market. Among crypto exchanges, Coinbase and eToro fell more than 5% each, while […]
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S&P expects ‘meaningful tariff revenue’ to offset Trump tax bill impact, maintains U.S. credit rating
U.S. President Donald Trump presents a sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” after he signed it, at the White House in Washington, D.C., U.S., July 4, 2025. Leah Millis | Reuters S&P Global said it expects “meaningful” federal government revenue from President Donald Trump’s broad tariff policies to […]
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Lutnick says Intel has to give government equity in return for CHIPS Act funds
Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds. “We should get an equity stake for our money,” Lutnick said on CNBC’s “Squawk on the Street” Tuesday. “So we’ll deliver the money, which was already committed under the Biden […]
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Why UBS just raised its gold forecast again as the precious metal hovers near record high
UBS strategists hiked their forecast for 2026 spot gold prices, seeing a continuation of the tailwainds that have powered a string of record highs in the year to date. The bank kept its end of 2025 target at $3,500 per ounce, up from the current spot rate of around $3,340. For next year, it lifted […]
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