Year: 2025
Paramount has become a ‘playpen for momentum goons’ riding UFC deal, short squeeze, says analyst
Paramount Skydance shares have quickly turned into the mecca for momentum-driven retail traders who piled into the stock on hype around UFC matches, according to Don Bilson, head of event-driven research at Gordon Haskett. The stock with the ticker PSKY started trading last Friday after Paramount Global’s merger with Skydance Media finalized. On Wednesday, six […]
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What’s behind the $8-billion hit to Saudi Arabia’s massive wealth fund
Digital render of NEOM’s The Line project in Saudi Arabia The Line, NEOM Saudi Arabia’s mammoth sovereign wealth fund saw a major decline in investments in its so-called “gigaprojects,” amounting to an $8 billion write-down at the end of 2024 — despite assets under management reaching nearly $1 trillion, according to its annual report. Gigaproject […]
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Apple Watch getting redesigned blood oxygen feature following legal dispute
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference (WWDC) at Apple Park campus in Cupertino, California, US, on Monday, June 9, 2025. David Paul Morris | Bloomberg | Getty Images Apple on Thursday announced a redesigned blood oxygen feature for some Apple Watch users, following a years-long intellectual property […]
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Ulta and Target will end deal for in-store beauty shops next year
Target has added new brands to its beauty department. At a growing number of stores, it also has mini Ulta Beauty shops with prestige brands. Melissa Repko | CNBC Ulta Beauty and Target said Thursday that they have decided to end a deal that opened makeup and beauty shops in hundreds of Target’s stores. Shares […]
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Bitcoin touches record, ether almost makes new high before rolling over
Ether and bitcoin. Yuriko Nakao | Getty Images Bitcoin hit a new record late Wednesday as ether climbed even closer to its all-time high. The flagship cryptocurrency rose as high as $124,496, surpassing its July record of 123,193.63, according to Coin Metrics. Ether rose to $4,791.19 overnight, edging closer to its 2021 record of $4,866.01. […]
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Wholesale prices rose 0.9% in July, much more than expected
Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed. The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared to the Dow Jones estimate for […]
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Cadillac unveils ‘Elevated Velocity’ electric crossover concept car
The Cadillac Elevated Velocity concept car. Courtesy: Cadillac General Motors on Thursday unveiled the Cadillac Elevated Velocity, a new concept car aimed at building up the brand’s all-electric luxury crossover segment. The electric concept car has a “lifted yet elegant design,” according to Cadillac, riding on 24-inch wheels. It includes multiple driving modes to enhance […]
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Stocks making the biggest moves premarket: Deere, Tapestry, Coherent, Bullish and more
Check out the companies making headlines in premarket trading. Li Auto — Shares fell about 2% following JPMorgan’s downgrade of the Chinese electric vehicle company to neutral. Analyst Nick Lai cited stiff competition as a reason for caution. Tapestry — The Coach New York and Kate Spade parent sank more than 10% after its full-year […]
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Transportation Sec. Duffy on upgrades to air traffic control, enabling commercial space competition
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Transportation Secretary and Acting NASA Administrator Sean Duffy joins ‘Squawk Box’ to discuss upgrades to air traffic control system, increasing the number of air traffic controllers, his thoughts on the job performance of his predecessor, enabling competition in the commercial space industry, […]
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CNBC’s Inside India newsletter: As India’s rich venture abroad, many anchor fortunes in real estate
Hello, this is Amala Balakrishner, writing from Singapore. This week, I look at how India’s wealthy are anchoring their fortunes in real estate. Enjoy! This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. […]
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