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Broadcom’s long and winding path to the trillion-dollar club, and how Trump played a role
President Donald Trump introduces Broadcom CEO Hock Tan prior to Tan announcing the repatriation of his company’s headquarters to the United States from Singapore during a ceremony in the Oval Office of the White House, in Washington, DC, November 2, 2017. Getty Images When Broadcom tried to buy rival Qualcomm for $120 billion in 2018, […]
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Big Oil wants to help Big Tech power artificial intelligence data centers
Budrul Chukrut | Lightrocket | Getty Images Exxon Mobil and Chevron are jumping into the race to power artificial intelligence data centers, as the two oil majors bet tech companies will ultimately turn to natural gas to meet their tremendous energy needs. Exxon unveiled plans this week to build a natural gas plant to power […]
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Tech companies most threatened by Trump are donating to his inauguration fund
U.S. President-elect Donald Trump smiles at the crowd during the National Guard Association of the United States’ 146th General Conference & Exhibition at Huntington Place Convention Center on Aug. 26, 2024 in Detroit, Michigan. Emily Elconin | Getty Images News | Getty Images Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos have a particularly […]
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OpenAI says Elon Musk wanted it to be for-profit in 2017
In this photo, the logo of OpenAI is displayed on a mobile phone in front of a computer screen displaying the photographs of Elon Musk and Sam Altman, in Ankara, Turkey, on March 14, 2024. Muhammed Selim Korkutata | Anadolu | Getty Images OpenAI on Friday clapped back against Elon Musk, one of its co-founders, […]
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CNBC Daily Open: Inflation’s hot, but so are markets this year
Employees work at stations on the factory floor of Vanson Leathers, in their New Bedford factory, on Sept. 26. Lane Turner | Boston Globe | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter […]
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ServiceTitan pops to $101 in cloud software vendor’s Nasdaq debut after selling shares at $71
Vahe Kuzoyan, president & co-founder of ServiceTitan, poses for photos after ringing the opening bell at the Nasdaq MarketSite on Dec. 12, 2024. Michael M. Santiago | Getty Images News | Getty Images ServiceTitan shares popped 42% in their Nasdaq debut on Thursday after the provider of cloud software to contractors raised around $625 million […]
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Analysts have hiked price targets on these 5 stocks ahead of earnings next month
Analysts have hiked price targets on these 5 stocks ahead of earnings next month A large number of Wall Street analysts have turned bullish on five stocks ahead of their quarterly earnings reports. The U.S.-listed stocks are Costco , Amazon , Robinhood , Deckers Outdoors and Synchrony Financial . CNBC Pro screened for Buy-rated stocks […]
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Alphabet and Tesla reach fresh records, joining Amazon and Meta and pushing Nasdaq past 20,000
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC Alphabet and Tesla climbed to fresh records on Wednesday, closing at all-time highs alongside Amazon and Meta as the tech megacaps lifted the Nasdaq past 20,000 for the first time. Tech’s seven trillion-dollar companies added roughly $416 billion in market cap for the day. […]
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Albertsons sues Kroger after judge rules against grocery merger
Traders work as screens display the trading information for Kroger Co. and Albertsons Companies Inc. on the floor of the New York Stock Exchange, Oct. 14, 2022. Brendan McDermid | Reuters Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its […]
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Ro to offer lower-price vials of weight loss drug Zepbound by teaming up with Eli Lilly
Patients will be able to access Zepbound single-dose vials at Ro Coutesy: Ro Direct-to-consumer health-care startup Ro on Wednesday said its platform will now offer more affordable single-dose vials of the weight loss drug Zepbound through a new partnership with Eli Lilly, which aims to streamline access to the popular treatment. Ro said it will […]
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