Business

Snowflake to buy database startup Crunchy Data for about 0 million
Technology

Snowflake to buy database startup Crunchy Data for about $250 million

Sridhar Ramaswamy, CEO of Snowflake, speaks at the Semafor World Economy Summit in Washington on April 25, 2025. Tasos Katopodis | Semafor | Getty Images Data analytics software maker Snowflake said Monday it has agreed to buy Crunchy Data, a startup that offers cloud-based database software. Snowflake will pay about $250 million, according to a […]

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Elon Musk’s Neuralink raises 0 million in fresh capital
Technology

Elon Musk’s Neuralink raises $650 million in fresh capital

Jonathan Raa | Nurphoto | Getty Images Elon Musk’s brain tech startup Neuralink has closed a $650 million funding round, the company announced on Monday. ARK Invest, Founders Fund, Sequoia Capital, Thrive Capital, Lightspeed Venture Partners and other firms participated in the round, according to a release. Neuralink said the fresh capital will help the […]

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Private equity firm Roark Capital invests in fast-growing restaurant chain Dave’s Hot Chicken
Business

Private equity firm Roark Capital invests in fast-growing restaurant chain Dave’s Hot Chicken

Private equity firm Roark Capital has bought a majority stake in Dave’s Hot Chicken, the company announced on Monday. Financial terms were not disclosed, but Dave’s CEO Bill Phelps said on CNBC’s “Squawk Box” that the reported $1 billion valuation for the deal is “pretty close.” Since its founding in a Los Angeles parking lot […]

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Stocks making the biggest moves midday: Tesla, BioNTech, DraftKings, Steel Dynamics and more
Finance

Stocks making the biggest moves midday: Tesla, BioNTech, DraftKings, Steel Dynamics and more

Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company dropped 3% after sales in May in declined in several European markets. Reuters reported that Tesla suffered weaker sales in Sweden, France, Spain, Denmark and the Netherlands, but improved in Norway, boosted by the revamped Model Y. Advertising […]

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Byron Allen puts broadcast TV stations up for sale
Business

Byron Allen puts broadcast TV stations up for sale

Byron Allen, founder, chairman and CEO of Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | Afp | Getty Images Byron Allen is putting his broadcast TV stations up for sale. Allen Media Group said on Monday it has retained investment bank […]

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Why Tesla sales are rebounding in Norway while Europe lags
World

Why Tesla sales are rebounding in Norway while Europe lags

Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on Sept. 27, 2024. Jonathan Nackstrand | Afp | Getty Images Tesla‘s sale of new cars in Norway skyrocketed 213% in May from a year ago, according to […]

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Trump’s 50% steel tariff could see prices tank in Europe — and soar in the U.S.
World

Trump’s 50% steel tariff could see prices tank in Europe — and soar in the U.S.

US President Donald Trump receives a gold helmet with his name on it during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025, to mark the ‘partnership’ between Nippon Steel and US Steel. Saul Loeb | AFP | Getty Images U.S. President Donald Trump surprised markets yet again with […]

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SailGP launches sports betting with DraftKings and Bet365
Business

SailGP launches sports betting with DraftKings and Bet365

Ticket holders on Governors Island, New York gather to watch SailGP races, Season 4, New York, Sunday 23rd June 2024. Katelyn Mulcahy for SailGP Fans watching the New York races for international sailing league SailGP this weekend will have another reason to root for their favorite team. SailGP is working with gaming companies DraftKings in […]

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Stocks making the biggest premarket moves: Cleveland-Cliffs, Nucor, Moderna, Tesla and more
Finance

Stocks making the biggest premarket moves: Cleveland-Cliffs, Nucor, Moderna, Tesla and more

Check out the companies making the biggest moves in premarket trading: Steel stocks — Shares of steel companies soared after President Donald Trump doubled tariffs on the metal to 50% from 25%. Cleveland-Cliffs rallied 26%, while Nucor added nearly 11% and Steel Dynamics rose 10%. BioNTech — The Germany-based biotech stock jumped 11.3% after Bristol […]

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Oil giant BP seeks buyers for one of its crown jewels as it looks to stave off a takeover
World

Oil giant BP seeks buyers for one of its crown jewels as it looks to stave off a takeover

Britain’s BP appears to be attracting a number of possible buyers for its Castrol lubricants business as the struggling oil giant seeks to fend off a prospective takeover . Energy companies including India’s Reliance Industries and Saudi Arabia’s oil behemoth Aramco , as well as private equity firms Apollo Global Management and Lone Star Funds, […]

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