Month: November 2025
Defense startup Govini founder Eric Gillespie charged in child sex sting
Mug shot of Eric Gillespie, Govini Founder and Chairman. Courtesy: Pennsylvania Attorney General The founder of Virginia-based defense startup Govini was arrested on charges of attempting to solicit a pre-teen girl for sexual contact in Pennsylvania, authorities said Monday. The founder, Eric Gillespie, 57, was charged with four felonies, including multiple counts of unlawful contact […]
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Boston Fed President Collins advocates holding rates steady, sees ‘high bar’ for further cuts
Key Points Boston Fed President Susan Collins said she will be reluctant to support further rate cuts anytime soon with inflation still high and policymakers hampered by a lack of data. “I see several reasons to have a relatively high bar for additional easing in the near term,” said Collins, a voter this year on […]
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What Anthropic’s $50 billion AI infrastructure investment means for these 3 portfolio stocks
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks were mixed Wednesday as Wall Street hoped for an end to the government’s record-breaking shutdown. The House is set for a final vote in […]
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Skims valued at $5 billion after new funding round as it accelerates store expansion
Skims underwear is displayed on a shelf at a Nordstrom store on March 25, 2025 in Corte Madera, California. Justin Sullivan | Getty Images Kim Kardashian’s Skims brand has raised $225 million in new funding led by Goldman Sachs Alternatives, valuing the shapewear and apparel company at $5 billion — up from roughly $4 billion […]
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Supreme Court to hear arguments on Trump bid to fire Fed Gov. Lisa Cook on Jan. 21
Lisa Cook, governor of the US Federal Reserve, at The Brookings Institute in Washington, DC, US, on Monday, Nov. 3, 2025. Aaron Schwartz | Bloomberg | Getty Images The Supreme Court said Wednesday that it will hear oral arguments in the case challenging President Donald Trump’s authority to fire Federal Reserve Gov. Lisa Cook on […]
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AI startup Code Metal is going beyond vibe coding with the help of $36 million in fresh capital
Code Metal co-founders (L-R): SVP of technology Alex Showalter-Bucher, and CEO Peter Morales Courtesy Code Metal Inc. Peter Morales started Code Metal two years ago, jumping into the market for artificial intelligence coding tools at a time when AI companies were rapidly changing the market for software development. Now he’s got $36.5 million in the […]
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WNBA’s Las Vegas Aces coach Becky Hammon says the league may need new leadership
Las Vegas Aces head coach and six-time WNBA All-Star Becky Hammon said it may be time for a change in WNBA leadership. In an interview with CNBC Sport, one month after winning her third NBA Championship with the Aces, Hammon discussed what she described as a “rocky relationship” between Commissioner Cathy Engelbert and many WNBA […]
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Flight cancellations ease, hitting lowest rate in almost a week, with end to the shutdown in sight
The FAA Air Traffic Control tower at LaGuardia Airport (LGA) in the Queens borough of New York, US, on Friday, Nov. 7, 2025. Michael Nagle | Bloomberg | Getty Images Flight cancellations eased across the U.S. on Wednesday ahead of a House vote on a funding bill that could end the longest federal government shutdown […]
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Stocks making the biggest moves midday: Goldman Sachs, AMD, Oklo, Circle Internet & more
Check out the companies making the biggest moves midday: Alkermes — The biotech company dropped 9% as traders weighed phase 2 trial results for its ALKS 2680 drug, which aims to treat narcolepsy. While the company will be advancing the drug to a Phase 3 trial, a higher range of doses or a split dosing […]
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Delta CEO: There was a safety risk behind FAA mandated flight reductions
Ed Bastian, Delta Airlines CEO, joins CNBC’s ‘Squawk on the Street’ to discuss the impact of the government shutdown on flights, Delta’s quarter, and much more. Source
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