Year: 2025
Why the manager of a $2 billion fund is cooling off his European defense investments
A fund manager who oversees assets worth close to $2 billion told CNBC that the European defense bull run may soon begin to cool off as valuations hit “extreme” levels. Speaking to CNBC’s “Europe Early Edition” on Monday, London-based Stephen Yiu, who manages the £1.4 billion ($1.9 billion) Blue Whale Growth Fund , said he […]
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Nvidia’s China return buys time for Beijing to boost its chip drive
As semiconductors have become a geopolitical hot potato over the past few years, it’s no surprise that Nvidia , the leader in artificial intelligence-related chips, has been caught up in escalating tensions between the U.S. and China. When Nvidia returned to the China market last week , seemingly with the blessing of Washington, it sparked […]
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Judge in Trump Murdoch libel case handled lawsuit president dropped against Michael Cohen
U.S. President Donald Trump and Rupert Murdoch. Evelyn Hockstein | Elizabeth Frantz | Reuters President Donald Trump’s new $10 billion libel lawsuit against media baron Rupert Murdoch over a Wall Street Journal article about sex offender Jeffrey Epstein will be handled by the same Florida federal judge who presided over a prior breach-of-contract suit Trump […]
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Block’s stock pops on addition to S&P 500
The logo for the U.S. tech firm Block is displayed and reflected in numerous digital screens in London, England, on March 3, 2023. Leon Neal | Getty Images Block shares jumped 7% on Monday after S&P Global said the company will join the S&P 500, replacing Hess, which was acquired by Chevron for $54 billion. […]
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Truist’s Patrick Scholes talks Royal Caribbean’s rating cut
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Truist’s Patrick Scholes joins ‘Closing Bell Overtime’ to talk the decision to cut Royal Caribbean’s stock rating and his top picks in the travel sector for the second half of the year. Source
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Hunter Biden blames Ambien for President Biden’s terrible Trump debate
President Joe Biden stands with his son Hunter Biden after the president arrived at the Delaware Air National Guard Base in New Castle, Delaware, June 11, 2024. Anna Rose Layden | Reuters Hunter Biden said in a new interview that his father, former President Joe Biden, had been taking Ambien in the period before his […]
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YouTube wipes out thousands of propaganda channels linked to China, Russia, others
Beata Zawrzel | Nurphoto | Getty Images Google announced Monday the removal of nearly 11,000 YouTube channels and other accounts tied to state-linked propaganda campaigns from China, Russia and more in the second quarter. The takedown included more than 7,700 YouTube channels linked to China. These campaigns primarily shared content in Chinese and English that […]
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Pepsi introduces prebiotic cola months after Poppi acquisition
Pepsi Prebiotic Cola. Courtesy: PepsiCo PepsiCo on Monday announced that it will launch a prebiotic cola under its namesake soda brand, starting this fall. Pepsi Prebiotic Cola comes just four months after the beverage giant announced its $1.95 billion acquisition of upstart Poppi. Soda consumption has broadly fallen over the past two decades in the […]
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LVMH-backed investor group takes 20% stake in private jet company Flexjet
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Power Lunch CNBC’s Robert Frank reports on news regarding private equity’s investment in the private flight industry. 01:59 20 minutes ago Robert Frank Source
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Astronomer CEO’s ‘kiss cam’ controversy sparked over $7 million in prediction markets bets on his ouster
Jordi Vidal | Redferns | Getty Images Astronomer CEO Andy Byron’s controversy went so viral that it sparked millions of dollars in bets on prediction markets over his resignation. On July 16, Bryon was caught on camera hugging his human resources director Kristin Cabot on a kiss cam during a Coldplay concert with the two quickly […]
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