Month: August 2025
Sam Altman says he doesn’t think about Elon Musk that much
Sam Altman, left, and Elon Musk. Muhammed Selim Korkutata | Anadolu | Getty Images Sam Altman has dismissed longtime rival Elon Musk’s warnings that OpenAI is set to dominate Microsoft, after the companies announced that OpenAI’s latest AI model will be incorporated into Microsoft products. On Thursday, Microsoft CEO Satya Nadella announced that OpenAI’s GPT-5 […]
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Bank of England chief says no rift with UK government as Revolut licence delay draws scrutiny
Revolut cards is seen in this illustration photo taken in Krakow, Poland on March 29, 2024. Jakub Porzycki | Nurphoto | Getty Images LONDON — Bank of England Governor Andrew Bailey told CNBC there hasn’t been a “falling out” with the U.K. government over delays to fintech giant Revolut’s long-awaited bank license. Last week, the Financial […]
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Stocks making the biggest moves premarket: Under Armour, Expedia, Trade Desk, MP Materials and more
Check out the companies making headlines before the bell: Under Armour — The retail stock tumbled 21% after American sportswear company posted first-quarter results that missed estimates. Under Armour reported adjusted earnings of 2 cents per share, lower than the FactSet consensus estimate of 3 cents. Revenue of $1.10 billion came in below the $1.13 […]
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Trump’s Russia deadline comes around with tariffs at stake
U.S. President Donald Trump speaks, as he makes an announcement on the economy, in the Oval Office at the White House in Washington, D.C., U.S., August 7, 2025. Jonathan Ernst | Reuters U.S. President Donald Trump’s deadline for Russia to cease its war in Ukraine expires on Friday, as markets watch whether the White House […]
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Big Tech’s trillion-dollar market cap club could have a new member in the next few years, Dan Ives says
Palantir is on its way to becoming a trillion-dollar company, according to prominent tech bull Dan Ives. The AI company’s stock has surged more than 140% since the beginning of the year. Earnings beats , lucrative military contracts and the firm’s CEO boasting about “crazy, efficient revolution” in terms of growing revenue while downsizing headcount, […]
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Crocs CEO says consumer environment is ‘concerning,’ will reduce orders in the second half
Inside a Crocs store at Queens Center in New York. Ryan Baker | CNBC Casual footwear company Crocs plans to reduce orders for the second half of the year amid what its CEO called a “concerning” environment for the consumer. “We see the U.S. consumer behaving cautiously around discretionary spending. They are faced with current […]
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A major historical bitcoin cycle that dictates its price might be breaking
CHONGQING, CHINA – JULY 17: In this photo illustration, a person holds a physical representation of a Bitcoin (BTC) coin in front of a screen displaying a candlestick chart of Bitcoin’s latest price movements on July 17, 2025 in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images) Cheng Xin | Getty Images News | Getty […]
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OpenStore’s demise marks endgame for once-booming e-commerce aggregator market
When venture capitalist Keith Rabois got into e-commerce, he couldn’t stop buying brands. Now, everything must go. OpenStore, co-founded by Rabois in 2021, is shutting down nearly all of the 40-plus Shopify stores it acquired, and it’s in the process of liquidating any remaining inventory by offering steep discounts to move merchandise. Earlier this week, […]
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Record-setting market: Using ETFs to help avoid hefty tax bills
ETF Edge Record-setting market: Using ETFs to help avoid hefty tax bills Published Fri, Aug 8 20257:30 AM EDT Siena Griffin@siena_griffin WATCH LIVE Source
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Family office deal-making slides with some bright spots in Europe
Key Points Private investment firms of the ultra-rich made 60% fewer direct investments in July compared to the same period last year, according to Fintrx. Rattled by tariff uncertainty, some family offices have been investing more overseas, especially in European startups. Infinitas Capital’s Robin Lauber told CNBC why the Swiss family office is optimistic despite […]
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