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Finance
Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to show in terms of business metrics and fundamentals.Bloomberg | Getty…
Chinese EV stocks surge after EU slaps up to 38% additional import tariffs
Visitors are looking at a BYD DM-i electric car at the 2024 Beijing International Automotive Exhibition in Beijing, China, on May 3, 2024. (Photo by Costfoto/NurPhoto via Getty…
Databricks tells investors annualized revenue will reach $2.4 billion at midway point of year
Ali Ghodsi, co-founder and CEO of Databricks, speaks at a press conference at Databricks' Data and AI Summit in San Francisco on June 12, 2024.Jordan Novet | CNBCDatabricks, the…
Influencer Jake Paul launching men’s skin, personal care line at Walmart
Jake Paul is launching a personal care brand geared toward men.Courtesy: WJake Paul is entering a new arena: skin care.The YouTube influencer-turned-boxer announced on Wednesday…
10 U.S. metro areas where rent increased the most over the last 5 years—and one that actually got cheaper
To afford living in a big city like San Francisco, California, you'd have to make double what most Americans earn, according to a May Moody's Analytics analysis.Despite that, the…
Blistering AI demand drives a beat and raise at our other chipmaker Broadcom
Broadcom shares surged more than 14% in extended trading Wednesday after the chip and software maker delivered better-than-expected quarterly results, driven by strong artificial…
Robotics startup cofounded by Synapse CEO is raising funds with exaggerated claims about GM ties
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersA humanoid robotics startup cofounded by the CEO of bankrupt…
A new Wall Street survey paints a positive picture for these 4 consumer stocks we own
The latest Wall Street survey of U.S. shoppers suggest many of our consumer-facing stocks are in a strong spot for the current economy. A key theme from investment bank Jefferies'…
GameStop tanks with huge volume in the call options owned by ‘Roaring Kitty’
A holding page for Keith Gill, a Reddit user credited with inspiring GameStop's rally, before a YouTube livestream arranged on a laptop at the New York Stock Exchange (NYSE) in New…
The Fed strikes a cautious tone. Here’s why the stock market didn’t seem to care
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market…