business news
Databricks obtains $1.8 billion in additional debt ahead of IPO
Databricks co-founder and CEO Ali Ghodsi. Databricks Data analytics software company Databricks has landed $1.8 billion in fresh debt, a person familiar with the matter told CNBC. Databricks now sits on over $7 billion in debt, the person added. The company declined to comment. Databricks is among the highly valued technology companies that are primed […]
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Sen. Warren blasts CFPB director for undermining Trump’s credit card affordability push
U.S. Senator Elizabeth Warren (D-MA) and Director of the United States Office of Management and Budget, Russell Vought. Kevin Mohatt | Kevin Lamarque | | Reuters Sen. Elizabeth Warren on Friday accused the acting head of the Consumer Financial Protection Bureau of undermining President Donald Trump’s stated push to make credit cards more affordable, according […]
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The future of shopping has arrived — and Google wants to run it
Alphabet ‘s Google has moved beyond the search bar, positioning itself as the lead architect of “agentic commerce.” In this new world, AI not only suggests what you buy but executes the purchase for you. For years, online retail has operated under a predictable platform: Shoppers search, click through the results, and complete checkout on […]
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Iran is not a major oil producer, but it still moves prices. Here’s why
Oil prices rose Friday as President Donald Trump’s renewed threats against Iran raise concerns about supply disruptions. Iran is not a major oil producer. The country pumps about 3.4 million barrels per day, according to Kpler. That number pales in comparison with the U.S. and Saudi Arabia, which pump about 13.5 million barrels per day […]
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European markets close lower; Ericsson pops 10% after fourth-quarter profit beat
LONDON — European markets finished Friday’s session in negative territory as investors digested events at Davos, including Ukrainian President Volodymyr Zelenskyy’s excoriating speech about the continent. The pan-European Stoxx 600 ended the session 0.2% lower, with major bourses in mixed territory. European stocks had finished higher on Thursday after U.S. President Donald Trump said a […]
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Intel’s likely to still move higher. Here’s a ‘no-cost’ options strategy to play it
Intel’s earnings report beat on both the top and bottom lines, yet softer guidance sparked profit takers to sell the recovering chipmaker, pushing it down to $46, a more than 15% decline. The acute sell-off came after the former premier chipmaker rallied about 150% since January of 2025. I want to use options to establish […]
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Stocks making the biggest moves midday: Fortinet, Moderna, Intel, Bausch Health & more
Check out the companies making headlines in midday trading. Fortinet — Shares jumped more than 7% after TD Cowen upgraded the cybersecurity stock to buy from hold, saying rising memory prices won’t hurt the company as much as some suspect. The firm’s $100 price target suggests 29% upside ahead. Bausch Health — The pharmaceutical stock […]
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Pardoned Binance founder Zhao says his business relationship with the Trumps was ‘misconstrued’
Binance founder Changpeng “CZ” Zhao said that his business relationship with President Donald Trump’s family has been “misconstrued” in the wake of his pardon. “There’s no business relationships whatsoever,” Zhao told CNBC’s Andrew Ross Sorkin Thursday in an interview at the World Economic Forum in Davos, Switzerland. The former Binance CEO served four months in […]
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There’s a new idea of alpha in the market that big fund managers are pursuing
ETF Edge There’s a new idea of alpha in the market that big fund managers are pursuing Published Fri, Jan 23 202610:32 AM ESTUpdated 15 Min Ago Krysta Escobar Eric Rosenbaum@erprose WATCH LIVE Source
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A former Trump official wants to build a massive data center in a remote corner of Greenland. Will it work?
A former official of U.S. President Donald Trump’s first administration is planning a multi-billion-dollar data center project in a remote corner of Greenland, as hyperscalers scramble to build out capacity across the globe to keep up with the AI rollout. The data center is aiming to be operational at 300 megawatts (MW) by mid-2027, before […]
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