Monthly Archives: June 2024

(CNBC) Financial technology startup Nium Wednesday it raised $50 million in new funds from investors, and is targeting an initial public offering in the next 18 months. It places Nium’s valuation at $1.4 billion. That marks a 30% discount to […]

(CNBC) Stock futures were little changed on Monday evening as Wall Street looked to find its footing after an uneven start to the month. Futures for the Dow Jones Industrial Average were roughly flat. S&P 500 futures and Nasdaq 100 futures ticked up less than 0.1% […]

(CNBC) A technical issue on Monday caused the A-class shares of Warren Buffett’s Berkshire Hathaway to appear to be down nearly 100% on the New York Stock Exchange for most of the morning trading period. Trading was halted in those shares, as […]

(CNBC) The chief financial officer of conservative global news outlet The Epoch Times has been arrested and charged with leading a yearslong scheme to launder at least $67 million in illicit funds, federal prosecutors said Monday. The scheme — which involved cryptocurrency, tens of […]

(CNBC) E-Trade is having internal discussions about whether to ban Keith Gill — the meme stock trader who just disclosed a big position in GameStop — from the trading platform over concerns regarding potential market manipulation, The Wall Street Journal reported […]

(CNBC) Gill, whose handle is “DeepF——Value” on Reddit and “Roaring Kitty” on YouTube and X, posted another screenshot of his portfolio showing the same common stock and call option holdings Monday after the stock market closed as those he shared Sunday […]

CNBC) For five years, bitcoin miner Core Scientific has quietly been diversifying out of mining and into artificial intelligence, a market that will require immense amounts of power to handle the training of AI models and the massive workloads that follow. On Monday, Core […]

(CNBC) Microsoft will lay off some employees who work on mixed reality. Although the cuts will affect the department that contributes to the HoloLens 2 augmented reality headset, Microsoft plans to continue selling the device. The reduction comes a year after […]

(CNBC) The company notified employees last week of the cloud cuts, with roles being eliminated in sales, consulting, “go to market” strategy, operations and engineering, according to internal correspondence viewed by CNBC. At least 100 positions were cut, said people […]

(CNBC) Stock futures were calm on Sunday evening ahead of the first trading day in June. Futures for the Dow Jones Industrial Average ticked up 25 points, or less than 0.1%. S&P 500 futures were flat, and Nasdaq 100 futures were down 0.1%. Wall Street is […]

(CNBC) When Adam Moelis co-founded a fintech startup named Yotta in 2019, he wanted to give Americans a new way to save money to help them cushion the ups and downs of life. Instead, his company has inadvertently been a source of deep pain for thousands […]

(CNBC) Nvidia on Sunday unveiled its next generation of artificial intelligence chips to succeed the previous model, which was announced just months earlier in March. Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed “Rubin,” ahead of the COMPUTEX tech conference in Taipei. Rubin comes […]